Vicor reported its financial results for the third quarter of 2008. Revenues increased by 7.5% to $51,278,000, compared to $47,693,000 for the corresponding period a year ago, and increased 4.0% on a sequential basis from $49,297,000 for the second quarter of 2008. Net income was $609,000, compared ...

For an undisclosed sum Exide will acquire the principal assets of Delta, British Columbia, Canada-based Mountain Power. The privately-held company specializes in the design and commercialization of high performance, large capacity rechargeable lithium-ion batteries for the telecommunications, utilit...

Exide Technologies, a provider of stored electrical-energy solutions, announced that Michael Ostermann has accepted the Company’s offer to lead the Transportation Europe division, and is expected to assume his responsibilities as President, Transportation Europe, no later than January 2, 2009. Repor...

Tyco Electronics reported results for the fiscal fourth quarter and full-year 2008. The company reported net sales of $3.7 billion for the fiscal fourth quarter, an increase of 6 percent over the prior-year period. The net income was $202 million. For the full-year net sales were $14.8 billion, an i...

Cadence announced the commencement of a restructuring program. Upon completion of the restructuring, the company expects to achieve annual operating expense savings of at least $150 million through a combination of workforce and other expense reductions. The company expects to eliminate at least 625...

Anadigics it is implementing cost reduction measures across the company that include the elimination by the end of this week of about 100 jobs, which is approximately a 15% reduction in its workforce worldwide. "With the reduction in workforce and other identified cost reduction actions in proc...

Intersil announced that due to current economic conditions, it is taking steps to improve its competitive position, including a 9% reduction of its global workforce. Including the previously announced consolidation of the company's Palm Bay, Florida fabrication facilities, which will conclude during...