Headlines


Funds get in early on tech risers; Investmen t firms looking for growth in innovative start-ups before they hit IPO trail, despite concerns about valuations
January 26, 2015
Lean technology start-ups - without the baggage of labour-intensive production lines - have become the favoured target of investment firms seeking to buy their way into a growth trajectory that captures wealth well before a public listing. Paul Chan, a portfolio manager at Invesco, is among the ranks of fund managers who increasingly see the main game as getting in early with high-growth-prospect start-ups, rather than waiting their turn with initial public offerings.

Cree Updates on Financial Results for 2Q of Fiscal Year 2015
January 26, 2015
Cree, Inc. reported revenue of $413.2 million for its second quarter of fiscal 2015, ended December 28, 2014, which is similar to revenue of $415.1 million reported for the second quarter of fiscal 2014. According to a release on January 20, the Company noted that GAAP net income for the second quarter was $12.2 million, or $0.10 per diluted share, a decrease of 66 percent year-over-year compared to GAAP net income of $35.7 million, or $0.29 per diluted share, for the second quarter of fiscal 2014. On a non-GAAP basis, net income for the second quarter of fiscal 2015 was $37.9 million, or $0.33 per diluted share, a decrease of 33 percent year-over-year compared to non-GAAP net income for the second quarter of fiscal 2014 of $56.8 million, or $0.46 per diluted share.

GE Introduces Lumination LED Track Lights and Recessed Multiples
January 26, 2015
GE has introduced its Lumination TS Series LED Accent Lights. GE said that LED track lights make it easy to achieve specification-grade accent lighting in any sales environment. With flood and spot versions, multiple beam options and three choices of color temperature, creating bright, more energized stores for customers is a cinch.

Xiaomi answers the call for smartphone evolution
January 26, 2015
On most iPhones sold around the world, there is a thin line of production information embossed on the lower back that reads: "Designed by Apple in California. Assembled in China." On most iPhones sold around the world, there is a thin line of production information embossed on the lower back that reads: "Designed by Apple in California. Assembled in China." China, the world's largest smartphone manufacturer, is striving to contribute more in the design part instead of being bogged down by tedious outsourcing deals and knockoff businesses known for narrow profit margins and intense labor conditions. Xiaomi Corp, a four-year-old startup headquartered in Beijing, is eagerly expecting to shake off the title as "the world's best iPhone copycat" and build its own legend in design and innovation.

Ricoh Americas Unveils Ricoh NV-10A Binoculars
January 26, 2015
Ricoh Americas unveiled Ricoh NV-10A digital binoculars, which can penetrate fog, smoke, rain and sand to provide an image.

GIGAPHOTON Honored with 2015 "Toshiba Partnership Award" from TOSHIBA Semiconductor & Storage Company Yokkaichi Operations; Gigaphoton's Green Innovations, Including Helium-Free Purge Process, Win High Recognition
January 25, 2015
Gigaphoton Inc. , a major lithography light source manufacturer, today announced that the company has been recognized with a 2015 Partnership Award from Toshiba Semiconductor & Storage Company's Yokkaichi Operations, a major world production base of NAND flash memory devices. Gigaphoton received this award for its efforts in developing innovative solutions for reducing the consumption of rare gas, thereby contributing to a great reduction of materials cost.

Wireless charging wave of the future?
January 25, 2015
PHILADELPHIA - Imagine a world where you don't have to plug in your smartphone, tablet or laptop, or even lay it on one of the Duracell charging mats that Starbucks is rolling out nationwide. Instead, your refrigerator sends them power from across the room via a WiFi-like radio signal.

GIGAPHOTON Honored with 2015 "Toshiba Partnership Award" from TOSHIBA Semiconductor & Storage Company Yokkaichi Operations; Gigaphoton's Green Innovations, Including Helium-Free Purge Process, Win High Recognition
January 25, 2015
Gigaphoton Inc. , a major lithography light source manufacturer, today announced that the company has been recognized with a 2015 Partnership Award from Toshiba Semiconductor & Storage Company's Yokkaichi Operations, a major world production base of NAND flash memory devices. Gigaphoton received this award for its efforts in developing innovative solutions for reducing the consumption of rare gas, thereby contributing to a great reduction of materials cost.

Bits and pieces from the recent consumer show
January 25, 2015
Dear PropellerHeads: I saw that the annual Consumer Electronics Show was in the news and wondered what got your propellers spinning. Anything exciting this year? Answer: Every January, tech companies descend on Las Vegas to show off the coolest gadgets, upgrades and ideas their R&D departments have been working on during the past 12 months. Just to illustrate the level of geekery we're talking about here, the CEO of Mercedes-Benz introduced a concept car with the help of a one-eyed robot that roamed the stage projecting a live video feed of the car's interior (bit.ly/1Bre3De).

2 cited with utility theft
January 25, 2015
DARLINGTON, Wis. - Two people have been cited after police said they stole water from the city last year. Both Jeremy L. Weipert, 31, of Calamine, and Kari S. Dunlavy, 31, of Stockton, Ill., have been cited with utility theft. According to Darlington Police Chief Jason King, the two were linked to the theft of water by a residence on Catherine Street in April. Police started investigating after a complaint from the Darlington Municipal Water and Sewer Department that the water meter to the home had been bypassed.


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