The EDA Consortium (EDAC) Market Statistics Service (MSS) announced that the electronic design automation (EDA) industry revenue for Q2 2008 declined 3.7 percent to $1357.4 million compared to $1408.8 million in Q2 2007. Companies that were tracked employed 28,004 professionals in Q2 2008, up 7 perc...

Lineage Power Corporation announced that its board of directors has named Craig A. Witsoe as the new chief executive officer. Witsoe recently served as president and chief executive officer of Tyden Group, a producer of product identification and cargo security technology. Previously, Witsoe spent 1...

Avnet makes a cash offer of approximately £42.2 million for the share capital of Abacus. The Abacus Directors consider the terms of the Offer to be fair and reasonable and unanimously recommend that Abacus Shareholders accept the Offer. Founded in 1972, Abacus is a distributors of electronic compone...

Lineage Power, a provider of AC/DC and DC/DC switching technologies, will acquire all of the outstanding shares of Cherokee International. In an all cash transaction, that is representing an aggregate enterprise value of approximately $105 million. Cherokee has achieved in 2007 a turnover of $128.5 ...

Mentor Graphics announced final completion of the acquisition of Flomerics Group, a United Kingdom-based supplier of computational fluid dynamics analysis products. The Flomerics company will become the Mechanical Analysis Division headed by Gary Carter, former CEO of Flomerics, reporting to Henry P...

Nu Horizons Electronics reported financial results for the second quarter 2009. Net sales increased 14.3 percent to $211.8 million $185.4 million for the comparable period last year. This increase resulted primarily from continued growth in the company's core electronics distribution business in the...

Sharp is presenting a 82-inch TFT LCD panel in portrait format that is equipped with a backlight and a highly transmissive optical structure. This supplies a typical light output of 1,500 cd/m2 - sufficient to depict digital advertising formats in brilliant images, even in outdoor areas. The high im...