Capital spending by the semiconductor industry will not recover until 2010, according to the latest forecast from Gartner. This year, capital expenditures are expected to decline 25.7% to $47.1 billion, the biggest drop since 2002. Gartner attributes the decline to economic conditions and overcapacity in the memory business. The capital intensity of the semiconductor industry […]
Northbrook, IL 10/20/08—IDEX has acquired Semrock, a provider of optical filters for biotech and analytical instruments in the life sciences markets, for approximately $60 million in cash. Semrock generates annual revenues of approximately $21 million and is based in Rochester, New York. “Their expertise enables the continued expansion of our core capabilities in integrated fluidic […]
Carlsbad, CA 10/21/08—Invitrogen has announced the acquisition of VisiGen Biotechnologies, a developer of single-molecule sequencing technology, for $21 million in cash. VisiGen’s technology utilizes fluorescence resonance energy transfer technology and massively parallel arrays. Invitrogen Chairman and CEO Gregory Lucier commented that Invitrogen acquired VisiGen for its intellectual property and for the company’s strength in enzymology […]
Company Announcements Bruker’s Advanced Supercon subsidiary hired Thomas M. Rosa, previously CFO at American Superconductor Corporation, as CFO in April. He will also lead newly established business development and customer support operations in the US. Cambridge Isotope Laboratories formed Membrane Receptor Technologies, a collaborative venture with NMR specialist Dr. Stanley Opella, which will provide atomic […]
October marked the worst month for the US stock market in 21 years as the Dow Jones Industrial Average, S&P 500 and NASDAQ fell 14.1%, 16.9% and 17.4%, respectively. On October 8, the Federal Reserve cut interest rates by 50 basis points to 1.5%. However, the Dow, S&P 500 and NASDAQ fell 20.9%, 22.8% and […]
The United Nations recommends that China institute new food safety laws in order to restore confidence in its food supply. Specifically, the UN calls for revising the country’s basic hygiene law to include the entire food chain. The UN paper also advocates the establishment of one government agency to replace the six agencies that current […]
Carlsbad, CA 10/28/08; Norwalk, CT 10/28/08—On October 28, Invitrogen and Applied Biosystems’ shareholders voted in separate meetings to approve the companies’ merger agreement (see IBO 6/15/08). More than 98% of the each company’s shares voted were cast in favor of the transaction, according to the companies. The transaction is expected to close once the companies […]
A total of $29 billion was spent on R&D in Canada in 2007. The private sector represented 48% of funding and performed 54% of the country’s research activities. The second-largest investor in R&D was the federal government, which accounted for 19% of research funding. Fifty-two percent of 2007 federal government R&D investments went to universities […]
Company Announcements Syrris established a subsidiary office in Japan earlier this year. In September, Prosonix, a provider of ultrasonic process chemistry solutions, announced a marketing partnership with Syrris for Prosonix’s Sonolab lab-scale equipment, which employs a transducer-based design. ThalesNano announced in September the closing of an investment of $3.3 million. In October, Micronit Microfluidics, FutureChemistry […]
Company Announcements Accelerated Technology Laboratories partnered with Linko Data Systems, a provider of compliance-tracking software, to integrate their respective Sample Master Pro LIMS and pretreatment software for wastewater clients. Waters and LabKey Software, a provider of open source software, joined the BioIT Alliance in September. In September, Thermo Fisher Scientific began shipping its Proteome Discoverer […]
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IBO (Instrument Business Outlook) is a twice-monthly newsletter aimed at providing decision-makers with the latest and most complete information available on the life science and analytical instrument industry, and lab product markets. IBO delivers the latest curated industry news, information and trends, as well as SDi data and analysis to deliver the maximum in industry insight with a minimum time investment for executives and investors.
