SMT, PCB Electronics Industry News
  • SMTnet
  • »
  • Industry News
  • »
  • Tyco Electronics Announces Intent to Divest a Portion of Its Wireless Systems Segment

Tyco Electronics Announces Intent to Divest a Portion of Its Wireless Systems Segment

Mar 15, 2008

Planned Divestiture Does Not Include Company's Public Safety/Land Mobile Radio Business

PEMBROKE, Bermuda, March 13 - Tyco Electronics Ltd. (NYSE: TEL)(BSX: TEL) today announced that its Board of Directors has authorized the company to pursue the divestiture of its Radio Frequency Components and Subsystem business. This business represented approximately $500 million of the Wireless Systems segment's total sales of $887 million in fiscal 2007. The remaining portion of the Wireless Systems segment - Public Safety/Land Mobile Radio Systems and Products -- is not included in the planned divestiture.

The divestiture is part of Tyco Electronics' previously-announced plan to divest or exit non-strategic businesses. Headquartered in Lowell, Massachusetts, the Radio Frequency Components and Subsystem business employs approximately 2,000 people primarily located at 11 locations throughout the U.S. and Europe. This unit designs, manufactures and markets amplifiers, antennas, attenuators, diodes, signal generators, limiters, transistors, modulators and mixers; and microwave and millimeter wave integrated circuits for the aerospace, defense and commercial markets.

Tyco Electronics has no current plans to exit or divest its Public Safety/Land Mobile Radio Systems and Products business.

Beginning with the second fiscal quarter, the company will account for the businesses identified for planned divestiture as discontinued operations. Tyco Electronics continues to expect adjusted earnings per share (EPS) from continuing operations of $0.60 to $0.62 per share for its second fiscal quarter.

ABOUT TYCO ELECTRONICS

Tyco Electronics Ltd. is a leading global provider of engineered electronic components, network solutions, wireless systems and undersea telecommunication systems, with fiscal 2007 sales of US$13.5 billion to customers in more than 150 countries. We design, manufacture and market products for customers in industries from automotive, appliance and aerospace and defense to telecommunications, computers and consumer electronics. With approximately 8,000 engineers and worldwide manufacturing, sales and customer service capabilities, Tyco Electronics' commitment is our customers' advantage. More information on Tyco Electronics can be found at http://www.tycoelectronics.com/.

Jan 18, 2011 -

Tyco Electronics (TE) Launches New Corporate Responsibility Program and Report

Dec 09, 2010 -

Tyco Electronics Completes Acquisition of ADC

Dec 03, 2010 -

Tyco Electronics Plans Name Change to TE Connectivity Ltd.

Oct 30, 2010 -

Tyco Electronics Reports Strong Fiscal Fourth Quarter and Full Year 2010 Results

Sep 02, 2010 -

Tyco Electronics to Present at the Citi Global Technology Conference

Aug 28, 2010 -

Tyco Electronics Announces Record and Payment Dates for Fiscal 2010 Fourth Quarter Dividend of $0.16

Aug 24, 2010 -

Tyco Electronics Extends Tender Offer for ADC

Jul 16, 2010 -

Tyco Electronics to Acquire ADC, Creating a World Leader in Broadband Connectivity

Jun 30, 2010 -

Tyco Electronics to Report Fiscal Third Quarter Results on July 22, 2010

May 11, 2010 -

Tyco Electronics Announces Record and Payment Dates for Fiscal 2010 Third Quarter Dividend of $0.16

56 more news from TE Connectivity »

Jun 27, 2017 -

Flying Probe, Functional Test & Inline Test – Visit Acculogic at SMTA Ohio Expo

Jun 27, 2017 -

VJ Technologies and Datest Partner in West Coast Inspection Services, Showroom and Demonstration Center.

Jun 26, 2017 -

Altus get SMART with Koh Young’s Innovative New Software

Jun 26, 2017 -

Ersa to Hold Versaflow 3 Level II Maintenance Training Course

Jun 25, 2017 -

Libra Industries’ Christopher R. Howell Memorial Foundation Awards $20,000 in Scholarships during Annual Golf Outing

Jun 25, 2017 -

SHENMAO Exhibits at IMAPS System in Package June 27-28, 2017 Introducing 3 New Semiconductor Packaging Fluxes

Jun 25, 2017 -

Ersa Brings the ‘Little Big One’ to SMTA Ohio – Award-Winning Selective Solder

Jun 25, 2017 -

Optimal Electronics Releases Process Control and Traceability Solution for Nordson ASYMTEK Applications in Clean Rooms for Sensor Assembly

Jun 25, 2017 -

Inovaxe Partners with Repstronics in Mexico

Jun 22, 2017 -

PNC Inc. Invests in LED Laser Direct Imaging system from Miva Technologies

See electronics manufacturing industry news »

Tyco Electronics Announces Intent to Divest a Portion of Its Wireless Systems Segment news release has been viewed 855 times

  • SMTnet
  • »
  • Industry News
  • »
  • Tyco Electronics Announces Intent to Divest a Portion of Its Wireless Systems Segment
ii-feed SMD Intelligent Feeder

Adjustable SMT Carriers