POWER-ONE OF CAMARILLO TO BUY SWISS COMPANIES.Byline: Ben Sullivan Daily News Staff Writer To expand its product line and overseas distribution, electronic components manufacturer Power-One Inc. said Tuesday it will buy a group of Swiss companies This is a list of Swiss companies, currently active and former ones: : A B C D E F G H I J K L M N O P Q R S T U V W X Y Z See also External links A
Under terms of the agreement, Power-One will pay $42 million cash and take on $11 million in existing debt to acquire Melcher Group. Melcher, which makes DC power converters, had 1997 sales of $42 million, most from European customers. Power-One makes AC/DC AC/DC adj. Slang Having a bisexual orientation. [From the likening of a bisexual person to an appliance that works on either alternating or direct current. power supplies and had 1997 sales of $93 million. More than 90 percent of the company's current business is within the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . ``There is virtually no overlap between our products, our customers or our geographical markets,'' Steven Goldman Steven Goldman is a sports writer on baseball and a commentator on the New York Yankees and at times on the New York Mets. During the summer, he is a semiweekly baseball columnist for The New York Sun , president and chief executive of Camarillo-based Power-One, said in a written statement. Analysts also greeted the news positively. ``When (Power-One officials) did their IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. roadshow in October '97, they stressed they'd use the money to make acquisitions. Investors have been getting a little impatient for that to happen,'' said analyst Todd Cooper Todd Cooper (born June 25, 1983 in Kidderminster) is a freestyle and butterfly swimmer from England, who competed at the 2004 Summer Olympics in Athens, Greece. There he finished in 22nd position in the 100m Butterfly. at Little Rock, Ark.,-based Stephens Inc. ``This is a good move.'' Both Power-One's and Melcher's products are used in consumer electronics such as VCRs and personal computers. In a computer, an AC/DC power supply takes electricity from a wall outlet and converts it to a form the machine can use. A DC-to-DC converter of the sort Melcher makes then takes the power and adjusts its voltage to levels for individual components, such as disk drives. Trading in Power-One shares was halted prior to Tuesday's announcement. The company's shares closed down $0.125 at $7.625. |
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