Ailing Franklin Electronics cuts staff by 15 pct

Article Abstract:

Burlington, Penn.-based Franklin Electronics, which has reported losses of $30.2 million in the year ended March 31, will reduce its workforce by 15 percent. The company also is considering discontinuing its REX organizers at the same time it is trying to decide whether to release its new Rocket ebook product. Franklin Electronics, which produces electronic dictionaries, reference books, and Bibles, blames its poor performance on low sales of its REX pocket-size electronic organizers.

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Sensar expanding ID technology; the Moorestown firm will test iris-recognition at staffed teller stations. Tests are under way now at ATMs

Article Abstract:

Banking firms are testing the technology that uses a camera to scan a bank customer's iris instead of requiring a PIN or ID card; Unisys is testing for market interest. The Moorestown, PA, firm will test its equipment locally after initial ATM tests in Texas and in eight foreign countries.

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Market for components booms, and so does Vishay

Article Abstract:

Vishay Intertechnology of Malvern, Pennsylvania and its Silicon Valley subsidiary, Siliconix reported triple digit earnings growth in the second quarter of 2000. The companies make capacitors, diodes and semiconductors. In July Vashay's stock rose to $35.

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