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News Article | May 16, 2017
Site: www.prweb.com

AIM Solder, a leading global manufacturer of solder assembly materials for the electronics industry, is pleased to announce that Timothy O’Neill, Technical Marketing Manager, will present at TEC Warsaw on May 25th, 2017 at the Double Tree by Hilton Hotel & Conference Centre in Warsaw, Poland. Additionally, AIM will highlight its revolutionary REL61™ lead-free solder alloy, along with its full line of solder assembly materials. Mr. O’Neill will present the white paper “New Pb-free Alloys for Improved Reliability,” at the technical forum from 10:30 – 11:00 AM. This paper addresses the development of high reliability soldering materials that can perform in harsh service conditions. Applications such has high performance LED lighting and under hood automotive require solder alloys to operate at temperatures as high as 150 °C where commonly used SAC305 could be prone to failure. In this study a novel high reliability lead-free solder alloy with superior creep resistance and mechanical properties is introduced and the soldering and mechanical performance of this alloy is studied and compared with the reference SAC alloy. AIM will also highlight its innovative high reliability, lead-free solder alloys. REL61TM addresses the most challenging issues with today’s common lead-free alloys, specifically BTC voiding, cost, durability and tin whiskers. REL61TM offers a low cost alternative to SAC alloys, with reliability and performance characteristics superior to SAC305 and other low/no-silver solder alloys. REL22™ is a high reliability, high strength lead-free solder alloy for extreme service environments, with reliability equal to Sn/Ag/Bi/Sb/Ni/Cu and a wider process window. To discover all of AIM’s products and services, visit the company at TEC Warsaw for more information. About Timothy O’Neill Timothy O'Neill is the Technical Marketing Manager for AIM Solder. With nearly 25 years of experience in electronics soldering, Mr. O’Neill has co-authored several papers on PCB assembly subjects. He is a Certified IPC Specialist, a technical writer and presenter for industry trade publications and events. His commitment and dedication to sharing innovative solutions to challenging problems in the electronics assembly market have earned him recognition from the SMTA as Speaker of Distinction. About AIM Headquartered in Montreal, Canada, AIM Solder is a leading global manufacturer of assembly materials for the electronics industry with manufacturing, distribution and support facilities located throughout the world. AIM produces advanced solder products such as solder paste, liquid flux, cored wire, bar solder, epoxies, lead-free and halogen-free solder products, preforms, and specialty alloys such as indium and gold for a broad range of industries. A recipient of many prestigious SMT industry awards, AIM is strongly committed to innovative research and development of product and process improvement as well as providing customers with superior technical support, service and training. For more information about AIM, visit http://www.aimsolder.com.


—The note questions the company’s right to be part of the Mexican Bolsa Index,  although Grupo Elektra fully complies with all requirements and norms— —The article states that stock gains stem in large part from a derivative instrument, and ignores seven consecutive quarters of double digit growth in operating profits— —It indicates the company has violated IPC membership rules with a low float, overlooking Bloomberg’s own systems that account for a float larger than required— MEXICO CITY, May 16, 2017 (GLOBE NEWSWIRE) -- Grupo Elektra, S.A.B. de C.V. (BMV:ELEKTRA*) (Latibex:XEKT), Latin America’s leading specialty retailer and financial services company and the largest non-bank provider of cash advance services in the United States, announced today that the company strongly disagrees with Bloomberg’s article, “Mexican Billionaire’s 168% Stock Surge Stokes Derivatives Debate” by Michelle Davis, dated May 12.                         The article mentions that, “A decision by the exchange in coming months on whether Grupo Elektra SAB is allowed to stay on the index could help extend the rally or bring about a painful reckoning for investors.” Grupo Elektra stresses on the fact that the requirements to be part of the Bolsa Index are not subjective; instead they are based on calculations according to the following elements: Float is required to be at least 12% of a company’s outstanding shares or have a market value of $10 billion pesos. Grupo Elektra’s float, disclosed in its 2016 annual report is 26%, equivalent to more than $40 billion pesos. Other requirements, as not to miss trading for five days within a three month period, and having a floating market cap above 0.1% of the sum of the members of the IPC, are broadly surpassed by the company. Grupo Elektra complies with all requirements and norms of the Mexican Stock Exchange to be publicly listed and be included in the IPC.  Using the new methodology, since September 2016 Grupo Elektra has consistently met quarterly criteria for inclusion in the index, and the company would expect to do the same in the following annual rebalance. The article further states that “the [stock] gains stem in large part from a derivative instrument...” There was no mention in the article of the company’s double digit operating profits increases in the last seven quarters —including an 87% increase in 2Q16— and the prepayment of all of its $550 million dollar denominated bonds, which has substantially improved its capital structure. Also, there was no comment on the recent corporate ratings increase from Fitch —at local scale from “A” to “A+” and at global scale from "BB-" to "BB"— reflecting higher profitability levels, a more solid balance sheet and the company’s proven flexibility to adapt to difficult economic scenarios. The note also indicates that “the company has stayed on the IPC, even though it has sometimes violated membership rules that require a minimum number of shares to circulate within the market…” Considering Bloomberg’s Average Trading Value, reported by its own system, on an annualized basis, we obtain a float in excess of 17%, well above the legal requirement. The text also indicates that, “The Bolsa sees Elektra as untouchable” and "would rather turn a blind eye to the issue to avoid getting into another drawn-out legal battle." The implication of “turning a blind eye” is that something illegal was done; however there is nothing to prove such a delicate statement. Finally, the article states that “The surge in Elektra this year has caught the attention of AMIB, Mexico’s brokerage association, which is planning to approach the banking and securities regulator with concerns about how the IPC is calculated, according to a person familiar with the matter…” Two people in a committee within the AMIB have voiced concerns regarding Grupo Elektra’s share prices at monthly meetings. Neither of them are analysts that belong to an institution member of AMIB, and neither of them is currently covering the company. Grupo Elektra concludes that it is partial not to mention the operations of the company at all, which entail businesses in seven countries in the Americas, employing more than 70,000 people in financial and retailing operations, being one of the strongest tools for financial inclusion in Latin America. Had there been any reference to operations, it could have been noted that the company has undergone a thorough restructuring over the past two years, which has strongly boosted its business performance. The company believes that operating details could have been omitted because they would have invalidated the pre-established conclusion of the story that the increases in Grupo Elektra share prices “stem in large part from a derivative instrument.” Grupo Elektra notes that if Bloomberg readers are not familiar with the term “immobilized shares,” it might be because it does not exist anywhere else in the world, and was a concept fabricated by the past administration of the Mexican Stock Exchange. The company expects more serious analysis from Bloomberg, and believes anything less is a loss in the value proposition for the Bloomberg system. Finally, Grupo Elektra considers that the market will continue to recognize the shareholders’ value that represents its solid operating trend and robust business perspectives. Grupo Elektra is Latin America’s leading financial services company and specialty retailer and the largest non-bank provider of cash advance services in the United States.  The group operates more than 7,000 points of contact in Mexico, the United States, Guatemala, Honduras, Peru, Panama and El Salvador. Grupo Elektra is a Grupo Salinas company (www.gruposalinas.com), a group of dynamic, fast-growing, and technologically advanced companies focused on creating shareholder value, contributing to building the middle class of the countries in which they operate and improving society through excellence. Created by Mexican entrepreneur Ricardo B. Salinas (www.ricardosalinas.com), Grupo Salinas operates as a management development and decision forum for the top leaders of member companies. The companies include TV Azteca (www.tvazteca.com; www.irtvazteca.com), Azteca America (us.azteca.com), Grupo Elektra (www.elektra.com.mx: www.grupoelektra.com.mx), Banco Azteca (www.bancoazteca.com.mx), Advance America (www.advanceamerica.net), Afore Azteca (www.aforeazteca.com.mx), Seguros Azteca (www.segurosazteca.com.mx), Totalplay (www.totalplay.com.mx) and Enlace TP (enlacetp.mx). Each of the Grupo Salinas companies operates independently, with its own management, board of directors and shareholders. Grupo Salinas has no equity holdings. However, the member companies share a common vision, values and strategies for achieving rapid growth, superior results and world-class performance. Except for historical information, the matters discussed in this press release are forward-looking statements and are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected.  Other risks that may affect Grupo Elektra and its subsidiaries are identified in documents sent to securities authorities.


News Article | May 19, 2017
Site: www.prnewswire.com

Browse 65 market data Tables and 79 Figures spread through 186 Pages and in-depth TOC on "Industrial Display Market" Panel-mount monitors accounted for the largest share of the industrial display market in 2016 The industrial display market is led by the panel-mount monitors. The major reason for the large market size of panel-mount monitors is due to the demand generated by HMIs, interactive displays, and digital signage applications in manufacturing, oil & gas, and energy & power sectors. The market for OLED technology is likely to grow at the highest rate during the forecast period OLED technology is expected to grow at the highest rate between 2017 and 2022 and hold the largest market size by 2022. OLED is a fairly new display technology in the industrial space and can serve diverse applications including remote monitoring using portable devices; HMI, and imaging.  For example, OLED is used as a status indicator in the industrial sector and also used in digital signage for advertisement or information display. These applications are the key factors for driving the growth of the OLED display market. North America held the largest share of the industrial display market in 2016, followed by Europe and APAC. The US accounted for the largest share of the industrial display market in this region. Rugged displays are widely used for HMI applications and remote monitoring in the manufacturing sector that boost the industrial display market in North America. The leading companies for display technologies, industrial monitors, HMIs, and related semiconductor components, such as Planar Systems, Inc. (US) and GE (US) are based in the North American region. The major players operating in the industrial display market include Samsung Display Co. Ltd. (South Korea), LG Display Co., Ltd. (South Korea), Panasonic Corporation (Japan), and Advantech Co. Ltd. (Taiwan). Industrial PC Market by Hardware (Panel Industrial PC, Rack Mount IPC, Box IPC, Embedded Box IPC, Embedded Panel IPC and DIN Rail PC), Data Storage Media, Touchscreen Technology, Sales Channel, End-User Vertical, and Geography - Global Forecast to 2022 Interactive Display Market by Product (Interactive Kiosk, Whiteboard, Table, Video Wall, Monitor, Flat Panel Display), Panel Size (17"- 32", 32"- 65", Above 65"), Vertical (Education, Govt. & Corporate), Technology, and Geography - Global Forecast to 2022 MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets' flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Visit our Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors Connect us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets


Solution enables secure, compliant trading and risk management in world's most populous nation HONG KONG, May 18, 2017 /PRNewswire/ -- IPC Systems, Inc., a leading global provider of secure, compliant communications and networking solutions for the financial markets community, today announced a collaboration with OneAsia, a provider of connectivity, datacenter, managed cloud and technology infrastructure services in Asia, to equip investors around the world with the connectivity and technology critical for reliable, secure participation in the Chinese financial markets. The announcement was made at the start of the 15th Asia Pacific Trading Summit in Hong Kong. "IPC has a strong presence in the Chinese financial markets," said David Dodd, Senior Vice President and Managing Director, Asia-Pacific, IPC, "Our relationship with OneAsia allows us to provide IPC's global community with connectivity to the growing Chinese capital markets with both domestic and international connectivity solutions." Via the partnership, the IPC Financial Markets Network (FMN) ecosystem, a dynamic community of more than 6,000 member locations across 700 cities in more than 60 countries, will leverage OneAsia capabilities across major Chinese financial centers to facilitate connectivity to the Chinese financial markets and community. The FMN solutions include Connexus, one of the industry's largest secure data communications platforms providing extranet, WAN, and low latency connectivity, as well as Trader Voice and Enhanced Voice Services (EVS), providing dedicated, secure voice connectivity between global market participants. "The continuous rapid growth in the Chinese financial market demands wide coverage as well as secure and resilient interconnectivity among both Chinese and global capital market participants," said Charles Lee, Founder and CEO of OneAsia. "Combining our strong fiber network, cross-border interconnectivity and technical support with IPC's robust Financial Markets Network will help take investor confidence and participation in our region to the next level." About IPC IPC is a technology and service leader that powers financial markets globally. We help clients anticipate change and solve problems, setting the standard with industry expertise, exceptional service and comprehensive technology. With customers first and always, we collaborate with each to understand their individual needs to help make them secure, productive and compliant within our connected community. Through service excellence, long-developed expertise and a focus on innovation and community, we provide agile and efficient ways for our customers to accelerate their ability to adapt to the ever--changing requirements for advanced networks, compliance and collaboration with all counterparties across the financial markets. www.ipc.com About OneAs1a OneAsia is a leading IT services and solution provider in Asia providing cloud based solution as well as data centre services. Partnering with technology leaders, OneAsia is able to offer a full range of cloud computing solutions, from infrastructure, management to application software to business of all sizes. OneAsia's top-tier rated data centres keep our customers connected from anywhere in the world with consistent levels of quality, security and service. With an aim to keep customers connected wherever and whenever they are, OneAsia is staying at the forefront of the industry with extensive infrastructure coverage in Greater China, Singapore, Malaysia and Vietnam. For more information, please visit www.oneAs1a.com. Certain statements contained in this press release may be forward-looking statements. These statements may be identified by the use of forward-looking terminology such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "potential," "predict," "should" or "will" or similar terminology. Any forward-looking statements are based on current expectations, assumptions, estimates and projections. Such forward looking statements involve known and unknown risks and uncertainties, many of which are beyond our control. Actual results may differ materially from any future results expressed or implied by these forward-looking statements.


News Article | May 19, 2017
Site: www.prnewswire.co.uk

Browse 65 market data Tables and 79 Figures spread through 186 Pages and in-depth TOC on "Industrial Display Market" Panel-mount monitors accounted for the largest share of the industrial display market in 2016 The industrial display market is led by the panel-mount monitors. The major reason for the large market size of panel-mount monitors is due to the demand generated by HMIs, interactive displays, and digital signage applications in manufacturing, oil & gas, and energy & power sectors. The market for OLED technology is likely to grow at the highest rate during the forecast period OLED technology is expected to grow at the highest rate between 2017 and 2022 and hold the largest market size by 2022. OLED is a fairly new display technology in the industrial space and can serve diverse applications including remote monitoring using portable devices; HMI, and imaging.  For example, OLED is used as a status indicator in the industrial sector and also used in digital signage for advertisement or information display. These applications are the key factors for driving the growth of the OLED display market. North America held the largest share of the industrial display market in 2016, followed by Europe and APAC. The US accounted for the largest share of the industrial display market in this region. Rugged displays are widely used for HMI applications and remote monitoring in the manufacturing sector that boost the industrial display market in North America. The leading companies for display technologies, industrial monitors, HMIs, and related semiconductor components, such as Planar Systems, Inc. (US) and GE (US) are based in the North American region. The major players operating in the industrial display market include Samsung Display Co. Ltd. (South Korea), LG Display Co., Ltd. (South Korea), Panasonic Corporation (Japan), and Advantech Co. Ltd. (Taiwan). Industrial PC Market by Hardware (Panel Industrial PC, Rack Mount IPC, Box IPC, Embedded Box IPC, Embedded Panel IPC and DIN Rail PC), Data Storage Media, Touchscreen Technology, Sales Channel, End-User Vertical, and Geography - Global Forecast to 2022 Interactive Display Market by Product (Interactive Kiosk, Whiteboard, Table, Video Wall, Monitor, Flat Panel Display), Panel Size (17"- 32", 32"- 65", Above 65"), Vertical (Education, Govt. & Corporate), Technology, and Geography - Global Forecast to 2022 MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets' flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Visit our Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors Connect us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets


—The note questions the company’s right to be part of the Mexican Bolsa Index,  although Grupo Elektra fully complies with all requirements and norms— —The article states that stock gains stem in large part from a derivative instrument, and ignores seven consecutive quarters of double digit growth in operating profits— —It indicates the company has violated IPC membership rules with a low float, overlooking Bloomberg’s own systems that account for a float larger than required— MEXICO CITY, May 16, 2017 (GLOBE NEWSWIRE) -- Grupo Elektra, S.A.B. de C.V. (BMV:ELEKTRA*) (Latibex:XEKT), Latin America’s leading specialty retailer and financial services company and the largest non-bank provider of cash advance services in the United States, announced today that the company strongly disagrees with Bloomberg’s article, “Mexican Billionaire’s 168% Stock Surge Stokes Derivatives Debate” by Michelle Davis, dated May 12.                         The article mentions that, “A decision by the exchange in coming months on whether Grupo Elektra SAB is allowed to stay on the index could help extend the rally or bring about a painful reckoning for investors.” Grupo Elektra stresses on the fact that the requirements to be part of the Bolsa Index are not subjective; instead they are based on calculations according to the following elements: Float is required to be at least 12% of a company’s outstanding shares or have a market value of $10 billion pesos. Grupo Elektra’s float, disclosed in its 2016 annual report is 26%, equivalent to more than $40 billion pesos. Other requirements, as not to miss trading for five days within a three month period, and having a floating market cap above 0.1% of the sum of the members of the IPC, are broadly surpassed by the company. Grupo Elektra complies with all requirements and norms of the Mexican Stock Exchange to be publicly listed and be included in the IPC.  Using the new methodology, since September 2016 Grupo Elektra has consistently met quarterly criteria for inclusion in the index, and the company would expect to do the same in the following annual rebalance. The article further states that “the [stock] gains stem in large part from a derivative instrument...” There was no mention in the article of the company’s double digit operating profits increases in the last seven quarters —including an 87% increase in 2Q16— and the prepayment of all of its $550 million dollar denominated bonds, which has substantially improved its capital structure. Also, there was no comment on the recent corporate ratings increase from Fitch —at local scale from “A” to “A+” and at global scale from "BB-" to "BB"— reflecting higher profitability levels, a more solid balance sheet and the company’s proven flexibility to adapt to difficult economic scenarios. The note also indicates that “the company has stayed on the IPC, even though it has sometimes violated membership rules that require a minimum number of shares to circulate within the market…” Considering Bloomberg’s Average Trading Value, reported by its own system, on an annualized basis, we obtain a float in excess of 17%, well above the legal requirement. The text also indicates that, “The Bolsa sees Elektra as untouchable” and "would rather turn a blind eye to the issue to avoid getting into another drawn-out legal battle." The implication of “turning a blind eye” is that something illegal was done; however there is nothing to prove such a delicate statement. Finally, the article states that “The surge in Elektra this year has caught the attention of AMIB, Mexico’s brokerage association, which is planning to approach the banking and securities regulator with concerns about how the IPC is calculated, according to a person familiar with the matter…” Two people in a committee within the AMIB have voiced concerns regarding Grupo Elektra’s share prices at monthly meetings. Neither of them are analysts that belong to an institution member of AMIB, and neither of them is currently covering the company. Grupo Elektra concludes that it is partial not to mention the operations of the company at all, which entail businesses in seven countries in the Americas, employing more than 70,000 people in financial and retailing operations, being one of the strongest tools for financial inclusion in Latin America. Had there been any reference to operations, it could have been noted that the company has undergone a thorough restructuring over the past two years, which has strongly boosted its business performance. The company believes that operating details could have been omitted because they would have invalidated the pre-established conclusion of the story that the increases in Grupo Elektra share prices “stem in large part from a derivative instrument.” Grupo Elektra notes that if Bloomberg readers are not familiar with the term “immobilized shares,” it might be because it does not exist anywhere else in the world, and was a concept fabricated by the past administration of the Mexican Stock Exchange. The company expects more serious analysis from Bloomberg, and believes anything less is a loss in the value proposition for the Bloomberg system. Finally, Grupo Elektra considers that the market will continue to recognize the shareholders’ value that represents its solid operating trend and robust business perspectives. Grupo Elektra is Latin America’s leading financial services company and specialty retailer and the largest non-bank provider of cash advance services in the United States.  The group operates more than 7,000 points of contact in Mexico, the United States, Guatemala, Honduras, Peru, Panama and El Salvador. Grupo Elektra is a Grupo Salinas company (www.gruposalinas.com), a group of dynamic, fast-growing, and technologically advanced companies focused on creating shareholder value, contributing to building the middle class of the countries in which they operate and improving society through excellence. Created by Mexican entrepreneur Ricardo B. Salinas (www.ricardosalinas.com), Grupo Salinas operates as a management development and decision forum for the top leaders of member companies. The companies include TV Azteca (www.tvazteca.com; www.irtvazteca.com), Azteca America (us.azteca.com), Grupo Elektra (www.elektra.com.mx: www.grupoelektra.com.mx), Banco Azteca (www.bancoazteca.com.mx), Advance America (www.advanceamerica.net), Afore Azteca (www.aforeazteca.com.mx), Seguros Azteca (www.segurosazteca.com.mx), Totalplay (www.totalplay.com.mx) and Enlace TP (enlacetp.mx). Each of the Grupo Salinas companies operates independently, with its own management, board of directors and shareholders. Grupo Salinas has no equity holdings. However, the member companies share a common vision, values and strategies for achieving rapid growth, superior results and world-class performance. Except for historical information, the matters discussed in this press release are forward-looking statements and are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected.  Other risks that may affect Grupo Elektra and its subsidiaries are identified in documents sent to securities authorities.


News Article | May 18, 2017
Site: www.prnewswire.co.uk

Solution enables secure, compliant trading and risk management in world's most populous nation HONG KONG, May 18, 2017 /PRNewswire/ -- IPC Systems, Inc., a leading global provider of secure, compliant communications and networking solutions for the financial markets community, today...


—The note questions the company’s right to be part of the Mexican Bolsa Index,  although Grupo Elektra fully complies with all requirements and norms— —The article states that stock gains stem in large part from a derivative instrument, and ignores seven consecutive quarters of double digit growth in operating profits— —It indicates the company has violated IPC membership rules with a low float, overlooking Bloomberg’s own systems that account for a float larger than required— MEXICO CITY, May 16, 2017 (GLOBE NEWSWIRE) -- Grupo Elektra, S.A.B. de C.V. (BMV:ELEKTRA*) (Latibex:XEKT), Latin America’s leading specialty retailer and financial services company and the largest non-bank provider of cash advance services in the United States, announced today that the company strongly disagrees with Bloomberg’s article, “Mexican Billionaire’s 168% Stock Surge Stokes Derivatives Debate” by Michelle Davis, dated May 12.                         The article mentions that, “A decision by the exchange in coming months on whether Grupo Elektra SAB is allowed to stay on the index could help extend the rally or bring about a painful reckoning for investors.” Grupo Elektra stresses on the fact that the requirements to be part of the Bolsa Index are not subjective; instead they are based on calculations according to the following elements: Float is required to be at least 12% of a company’s outstanding shares or have a market value of $10 billion pesos. Grupo Elektra’s float, disclosed in its 2016 annual report is 26%, equivalent to more than $40 billion pesos. Other requirements, as not to miss trading for five days within a three month period, and having a floating market cap above 0.1% of the sum of the members of the IPC, are broadly surpassed by the company. Grupo Elektra complies with all requirements and norms of the Mexican Stock Exchange to be publicly listed and be included in the IPC.  Using the new methodology, since September 2016 Grupo Elektra has consistently met quarterly criteria for inclusion in the index, and the company would expect to do the same in the following annual rebalance. The article further states that “the [stock] gains stem in large part from a derivative instrument...” There was no mention in the article of the company’s double digit operating profits increases in the last seven quarters —including an 87% increase in 2Q16— and the prepayment of all of its $550 million dollar denominated bonds, which has substantially improved its capital structure. Also, there was no comment on the recent corporate ratings increase from Fitch —at local scale from “A” to “A+” and at global scale from "BB-" to "BB"— reflecting higher profitability levels, a more solid balance sheet and the company’s proven flexibility to adapt to difficult economic scenarios. The note also indicates that “the company has stayed on the IPC, even though it has sometimes violated membership rules that require a minimum number of shares to circulate within the market…” Considering Bloomberg’s Average Trading Value, reported by its own system, on an annualized basis, we obtain a float in excess of 17%, well above the legal requirement. The text also indicates that, “The Bolsa sees Elektra as untouchable” and "would rather turn a blind eye to the issue to avoid getting into another drawn-out legal battle." The implication of “turning a blind eye” is that something illegal was done; however there is nothing to prove such a delicate statement. Finally, the article states that “The surge in Elektra this year has caught the attention of AMIB, Mexico’s brokerage association, which is planning to approach the banking and securities regulator with concerns about how the IPC is calculated, according to a person familiar with the matter…” Two people in a committee within the AMIB have voiced concerns regarding Grupo Elektra’s share prices at monthly meetings. Neither of them are analysts that belong to an institution member of AMIB, and neither of them is currently covering the company. Grupo Elektra concludes that it is partial not to mention the operations of the company at all, which entail businesses in seven countries in the Americas, employing more than 70,000 people in financial and retailing operations, being one of the strongest tools for financial inclusion in Latin America. Had there been any reference to operations, it could have been noted that the company has undergone a thorough restructuring over the past two years, which has strongly boosted its business performance. The company believes that operating details could have been omitted because they would have invalidated the pre-established conclusion of the story that the increases in Grupo Elektra share prices “stem in large part from a derivative instrument.” Grupo Elektra notes that if Bloomberg readers are not familiar with the term “immobilized shares,” it might be because it does not exist anywhere else in the world, and was a concept fabricated by the past administration of the Mexican Stock Exchange. The company expects more serious analysis from Bloomberg, and believes anything less is a loss in the value proposition for the Bloomberg system. Finally, Grupo Elektra considers that the market will continue to recognize the shareholders’ value that represents its solid operating trend and robust business perspectives. Grupo Elektra is Latin America’s leading financial services company and specialty retailer and the largest non-bank provider of cash advance services in the United States.  The group operates more than 7,000 points of contact in Mexico, the United States, Guatemala, Honduras, Peru, Panama and El Salvador. Grupo Elektra is a Grupo Salinas company (www.gruposalinas.com), a group of dynamic, fast-growing, and technologically advanced companies focused on creating shareholder value, contributing to building the middle class of the countries in which they operate and improving society through excellence. Created by Mexican entrepreneur Ricardo B. Salinas (www.ricardosalinas.com), Grupo Salinas operates as a management development and decision forum for the top leaders of member companies. The companies include TV Azteca (www.tvazteca.com; www.irtvazteca.com), Azteca America (us.azteca.com), Grupo Elektra (www.elektra.com.mx: www.grupoelektra.com.mx), Banco Azteca (www.bancoazteca.com.mx), Advance America (www.advanceamerica.net), Afore Azteca (www.aforeazteca.com.mx), Seguros Azteca (www.segurosazteca.com.mx), Totalplay (www.totalplay.com.mx) and Enlace TP (enlacetp.mx). Each of the Grupo Salinas companies operates independently, with its own management, board of directors and shareholders. Grupo Salinas has no equity holdings. However, the member companies share a common vision, values and strategies for achieving rapid growth, superior results and world-class performance. Except for historical information, the matters discussed in this press release are forward-looking statements and are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected.  Other risks that may affect Grupo Elektra and its subsidiaries are identified in documents sent to securities authorities.


News Article | May 18, 2017
Site: www.prnewswire.com

HONG KONG, May 17, 2017 /PRNewswire/ -- IPC Systems, Inc., a leading global provider of secure, compliant communications and networking solutions for the financial markets community, today announced a collaboration with OneAsia, a provider of connectivity, datacenter, managed cloud and...


News Article | February 14, 2017
Site: globenewswire.com

ST. PAUL, Minn., Feb. 14, 2017 (GLOBE NEWSWIRE) -- H.B. Fuller Company (NYSE:FUL) announced today that it has introduced Active Alignment (AA) adhesives designed for camera module assembly at IPC APEX EXPO 2017 in San Diego, California. A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/d8c4a28c-95e3-42da-9f6b-e330f262bf37 At this year’s IPC APEX EXPO, H.B. Fuller is connecting with attendees and showcasing its new AA adhesives in addition to the company’s high performance, innovative adhesive solutions for electronics at Booth 733. H.B. Fuller has a global track record of recognizing trends and developing adhesive solutions to address industry challenges and changing market needs, particularly in the fast-growing and ever-changing electronics markets. Through close partnerships with electronics manufacturers around the world, the company has designed high performance adhesive solutions to respond to challenging application needs for electronic devices design and manufacturing process. H.B. Fuller’s platform chemistry innovation has enabled the development of the EA6400 Series, a high-performance, AA adhesive solution for camera lens assembly. The patent-pending chemistry, “LOTERA” (Low Temperature Cure, Enhanced Reliability Adhesive), enables H.B. Fuller to target a product-specific glass transition temperature (Tg) to a given customer requirement e.g. 0 to 150°C. This capability can provide an extra performance benefit of ensuring a stable product storage modulus in the standard operating range of the devices for reliability improvement. “We continually look forward to engaging technical market challenges and solving problems that offer differentiated adhesives solutions to our electronics customers,” says Matt Perry, global director, Engineering Adhesives, H.B. Fuller. “Active Alignment adhesives have further expanded our product portfolio to serve growing demand in electronics markets around the world.” H.B. Fuller’s new products for camera module production, the EA6400 Series, offer customers a one-part, premixed adhesive solution with good RT work life. The products are formulated to offer high UV penetration at short UV exposure times (e.g. 2 -5 seconds), along with industry-leading, secondary thermal cure kinetics and lower temperature cure at short cure times. The formulation targets specific camera module substrates and shapes stability requirements (Rheology), while the high Tg capability enables a strong and more reliable bond. About H.B. Fuller: For 130 years, H.B. Fuller has been a leading global adhesives provider focusing on perfecting adhesives, sealants and other specialty chemical products to improve products and lives. With fiscal 2016 net revenue of $2.1 billion, H.B. Fuller’s commitment to innovation brings together people, products and processes that answer and solve some of the world’s biggest challenges. Our reliable, responsive service creates lasting, rewarding connections with customers in electronics, disposable hygiene, medical, transportation, clean energy, packaging, construction, woodworking, general industries and other consumer businesses. And our promise to our people connects them with opportunities to innovate and thrive. For more information, visit us at www.hbfuller.com and subscribe to our blog. About IPC APEX EXPO IPC APEX EXPO 2017 is a five-day event in the printed circuit board and electronics manufacturing industry. Professionals from around the world come together to participate in the Technical Conference, Exhibition, and Professional Development, Standards Development and Certification programs. These activities offer seemingly endless education and networking opportunities that impact your career and company by providing you the knowledge, technical skills and best practices to address any challenge you face. For more information, visit at www.ipcapexexpo.org.

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