Product Enhancements, Merger Agreements, and Financial Results - Research Report on Amphenol, Molex, Nortech, MTS, and ChipMOS Bermuda Editor Note: For more information about this release, please scroll to bottom. PR Newswire NEW YORK, November 21, 2013 NEW YORK, November 21, 2013 /PRNewswire/ -- Today, Analysts' Corner announced new research reports highlighting Amphenol Corporation (NYSE: APH), Molex Incorporated (NASDAQ: MOLX), Nortech Systems Incorporated (NASDAQ: NSYS), MTS Systems Corporation (NASDAQ: MTSC), and ChipMOS Technologies (Bermuda) LTD (NASDAQ: IMOS). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below. Amphenol Corporation Research Report On November 6, 2013, Amphenol Corporation (Amphenol) reported that its division, Amphenol Industrial Global Operations, has enhanced its RADSOK technology high current contact system to RADSOK R4, which can deliver connections up to 200A. The Company stated that the system is available for board-to-board, wire-to-board, and busbar-to-board configurations. Amphenol added that RADSOK R4 features a lower temperature rise as compared to traditional contact systems in its class, which allows smaller overall connector packaging and compact footprints. According to the Company, the system offers more consistent performance as well as lower voltage drop and contact resistance. The Full Research Report on Amphenol Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: http://www.analystscorner.com/r/full_research_report/6a4f_APH -- Molex Incorporated Research Report On November 15, 2013, Molex Incorporated (Molex) announced that its stockholders have approved the previously announced definitive agreement to be acquired by Koch Industries, Inc. (Koch) for approximately $7.2 billion as the equity value of the transaction. Molex informed that according to preliminary voting results provided by the inspector of election as of November 15, 2013, more than 85% and 99% of the total outstanding shares of Molex Common Stock and Class B Common Stock, respectively, voted in favor of the adoption of the definitive merger agreement. Under the merger agreement, Koch Industries will acquire all of Molex's outstanding shares, including the Common Stock (MOLX), the Class A Common Stock (MOLXA) and the Class B Common Stock, for $38.50 per share in cash. Molex added that as of November 15, 2013, it has received merger control clearances in the US, the European Union, Israel, Japan, Mexico, South Korea, and Turkey; while the clearances are pending for China and Ukraine. The Full Research Report on Molex Incorporated - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: http://www.analystscorner.com/r/full_research_report/f112_MOLX -- Nortech Systems Incorporated Research Report On November 13, 2013, Nortech Systems Incorporated (Nortech) reported Q3 2013 financial results. The Company reported net sales of $27.4 million for the quarter, up 7.3% YoY. Net income stood at $0.2 million or $0.08 per diluted common share, compared to $0.1 or $0.04 per diluted common share in Q3 2012. Mike Degen, CEO of Nortech stated, "It's gratifying to post a quarterly sales increase in an economy that continues to be challenging. Our positive results so far during 2013 have met our expectations and demonstrate we're executing on our business fundamentals." The Full Research Report on Nortech Systems Incorporated - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: http://www.analystscorner.com/r/full_research_report/a05c_NSYS -- MTS Systems Corporation Research Report On November 14, 2013, MTS Systems Corporation (MTS) reported Q4 FY 2013 and full-year FY 2013 (period ended September 28, 2013) financial results. In Q4 FY 2013, the Company's revenue was up 12.3% YoY to $154.8 billion, while full-year FY 2013 revenue was up 5.0% YoY to $569.4 million. Q4 FY 2013 net income was $21.4 million or $1.36 per diluted share, compared to $15.3 million or $0.94 per diluted share in Q4 FY 2012. Full-year FY 2013 net income was $57.8 million or $3.64 per diluted share, compared to $51.6 million or $3.21 per diluted share for full-year FY 2012. Dr. Jeffrey Graves, President and CEO of MTS commented, "Orders were up 9 percent, revenue grew 12 percent, and earnings per share climbed 45 percent. Driving these quarterly gains was double-digit growth in revenue and income from operations in both Test and Sensors. We delivered a strong finish to fiscal 2013, in line with our expectations, and expect continued growth in fiscal 2014." The Full Research Report on MTS Systems Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: http://www.analystscorner.com/r/full_research_report/683b_MTSC -- ChipMOS Technologies (Bermuda) LTD Research Report On November 18, 2013, ChipMOS Technologies (Bermuda) LTD (ChipMOS Bermuda) reported Q3 2013 financial results. In Q3 2013, the Company generated net revenue of NT$5,111.9 million or $172.9 million, down 0.5% YoY. Q3 2013 net income was at NT$442.5 million or NT$14.6 per diluted common share (or $15 million or $0.49 per diluted common share), compared to NT$374.1 million, or NT$13.28 per diluted common share (or $12.7 million or $0.45 per diluted common share) in Q3 2012. Commenting on the results, S.J. Cheng, Chairman and CEO of ChipMOS Bermuda stated, "Strong third quarter results reflect our continued ability to drive higher utilization of our assembly, bumping and LCD driver capacity, benefit of a favorable customer mix, and successful ongoing operating cost reduction initiatives in our assembly and bumping segments. We remain confident in our business strategy and growth prospects but do expect to see the impact of typical seasonality in 4Q13 on both our large and small panel LCD businesses." The Company stated that for Q4 2013, it expects revenue to be approximately 4% to 8% lower than Q3 2013. The Full Research Report on ChipMOS Technologies (Bermuda) LTD - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: http://www.analystscorner.com/r/full_research_report/22dc_IMOS ---- EDITOR NOTES: 1.This is not company news. We are an independent source and our views do not reflect the companies mentioned. 2.Information in this release is fact checked and produced on a best efforts basis and reviewed by Namrata Maheshwari, a CFA charterholder. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below. 3.This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public. 4.If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco@EquityNewsNetwork.com. 5.For any urgent concerns or inquiries, please contact us at compliance@EquityNewsNetwork.com. 6.Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research@EquityNewsNetwork.com for consideration. COMPLIANCE PROCEDURE Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider represented by Namrata Maheshwari, CFA, has only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be. NOT FINANCIAL ADVICE Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein. NO WARRANTY OR LIABILITY ASSUMED Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute. AnalystsCorner.com SOURCE Analysts' Corner Contact: Joe Thomas; +1-310-496-8071 (North America)
Apple First Weekend Sales of iPhone 6 and iPhone 6 Plus Top 10 Million, Exceeding Company Expectations
Product Enhancements, Merger Agreements, and Financial Results - Research Report on Amphenol, Molex, Nortech, MTS, and ChipMOS
Press spacebar to pause and continue. Press esc to stop.