First Trade Date for Molex Incorporated (Common)
Company Name | First Trade Date (yyyy-mm-dd) |
Molex Incorporated (Common) | 1972-11-02 |
Company Name | Symbol |
Molex Incorporated (Common) | MOLX |
History and Business of Company (this information may include date of incorporation) | |
Molex Incorporated originated from an enterprise established in 1938. It was incorporated in 1972 in the state of Delaware. As used herein the term "Molex" or "Company" includes Molex Incorporated and its United States and international subsidiaries. Molex is a global manufacturer of electronic components, including electrical and fiber optic interconnection products and systems, switches, integrated products and application tooling. The Company operates 58 plants in 19 countries and employs 17,275 people worldwide. In fiscal 2003, products manufactured and sold outside the U.S. generated 66% of sales. Molex makes available through its website, www.molex.com, its annual report on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and all amendments to those reports as soon as reasonably practicable after such material is electronically filed with the Securities and Exchange Commission. Molex serves original equipment manufacturers in industries that include automotive, business equipment, computer, computer peripheral, consumer products, industrial equipment, premises wiring and telecommunications. The Company offers more than 100,000 products to customers, primarily through direct sales people and authorized distributors. The global market for electronic connectors is estimated at $24.9 billion. Molex is the second-largest connector manufacturer in the world in what is a fragmented but highly competitive industry. Molex conducts business in one industry segment: the manufacture and sale of electrical components. The Company designs, manufactures, and distributes electrical and electronic devices such as terminals, connectors, planar cables, cable assemblies, interconnection systems, fiber optic interconnection systems, backplanes and mechanical and electronic switches. Crimping machines and terminal inserting equipment (known as "application tooling") are offered on a lease or purchase basis to the Company's customers for the purpose of applying the Company's components to the customers' products. The Company sells its products primarily to original equipment manufacturers and their subcontractors and suppliers. The Company's customers include various multinational companies, including AT&T, Canon, Cisco, Compaq, Delphi, Hewlett Packard, IBM, Lucent, Matsushita, Motorola, Nokia, Philips, Sony, Tellabs, Thomson, Toshiba, Visteon and Xerox, many of which Molex serves on a global basis. Net revenues contributed by different industry groups fluctuate due to various factors including model changes, new technology, introduction of new products and composition of customers. No customer accounted for 10% or more of net revenues in fiscal years 2003, 2002 or 2001. |
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