SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Speculating in Takeover Targets
ULBI 10.94-1.9%Jul 19 4:30 PM EDT

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: richardred who wrote (2608)1/22/2011 3:18:24 PM
From: richardred  Read Replies (1) of 7071
 
Vision needed ULBI/GE Future business ?

If you have vision. Picture this, UBLI someday getting a GE contract. ULBI in Newark, NY and GE in Schenectady, NY. Besides Mr. Cuomo needs NY Businesses to want to stay in NY. It's the future site of GE's advanced battery manufacturing program. ULBI's China Business IMO is starting to look promising.

AP SNIP>Displaying stepped-up outreach, Obama on Friday named GE's chief executive, Jeffrey Immelt, as the head of a Council on Jobs and Competitiveness. The panel replaces Obama's Economic Recovery Advisory Board, which had been chaired by former Federal Reserve Chairman Paul Volcker. Obama announced late Thursday that Volcker, as expected, was ending his tenure on the panel.

Immelt has been an advocate of alternative forms of energy, and the GE facility Obama visited, the company's largest energy plant, is the future site of GE's advanced battery manufacturing program. New battery technology has become something of an Obama pet project as a symbol of innovation, clean energy and job creation

The trip followed on the heels of a state visit by Chinese President Hu Jintao that featured announcement of new trade deals worth about $45 billion and vows to ease restrictions on U.S. investments in China.

"We want to open up their markets so we have two-way trade, not just one-way trade," the president said.
finance.yahoo.com.

____________________________________________________________________________________

Popielec, Michael Mr. Michael D.

Snip>Mr. Popielec held positions of increasing responsibility at General Electric Company, most recently as a GE corporate officer and president and chief executive officer of GE Power Controls, the European arm of GE Industrial Systems.

Popielec has been appointed as President, Chief Executive Officer, Director of Ultralife Corp since December 30, 2010. He has 25 years experience in growing domestic and international industrial businesses. Prior to joining Ultralife, he was group president, Applied Technologies at Carlisle Companies, Inc., a $2.5 billion diversified global manufacturer. Prior to that, he was chief operating officer, Americas, for Danka Business Systems, PLC. From 1985 to 2002, Mr. Popielec held positions of increasing responsibility at General Electric Company, most recently as a GE corporate officer and president and chief executive officer of GE Power Controls, the European arm of GE Industrial Systems. Mr. Popielec has a B.S. in Mechanical Engineering from Michigan State University.
_________________________________________________________________

Sept.2010 10K snip
Overview
Consolidated revenues for the three-month period ended September 26, 2010 increased by $10,918, or 25.8%, from the three-month period ended September 27, 2009. This increase was primarily caused by increased revenues in our Communications Systems segment as a result of deliveries on the SATCOM-on-the-Move order received in May 2010. Gross margin increased to 27.9% as a percentage of total revenues for the three-month period ended September 26, 2010, as opposed to 24.5% for the three-month period ended September 27, 2009. Gross margin increased in our Battery & Energy Products and Communications Systems operating segments, which was partially offset by the decrease in the gross margin in our Energy Services operating segment. Gross margin as a percentage of total revenues for our Battery & Energy Products and Communications Systems segments during the three-months ended September 26, 2010 increased to 21.7% and 35.3%, respectively. The primary reason for the gross margin improvement was a favorable mix of high-margin Communications Systems revenue, including strong SATCOM-on-the-Move and AMTI amplifier revenue, and Battery & Energy Products manufacturing efficiencies particularly in our China operations.

In our Battery & Energy Products segment, the cost of products sold decreased $3,402, from $19,553 during the three-month period ended September 27, 2009 to $16,151 during the three-month period ended September 26, 2010. Battery & Energy Products gross margin for the second quarter of 2010 was $4,481, or 21.7% of revenues, a decrease of $775 from gross margin of $5,256, or 21.2% of revenues, for the third quarter of 2009. Battery & Energy Products gross margin as a percentage of revenues increased for the three-month period ended September 26, 2010, primarily as a result of manufacturing efficiencies, higher selling prices realized for some of our products and favorable performance from our China operations, in comparison to the three-month period ended September 27, 2009.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext