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East Valley business update

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Posted: Friday, March 17, 2006 8:05 am | Updated: 3:01 pm, Fri Oct 7, 2011.

Business briefs around the East Valley.

Gasoline prices up slightly

A gallon of unleaded gasoline in the East Valley costs an average of $2.34, up 2 cents from last week and up 26 cents from a year ago, according to AAA Arizona.

While the cost of gas is higher in the East Valley as a whole this week, prices dropped by about a penny in Scottsdale to $2.40 per gallon. The average price of a gallon of gas statewide is $2.39, up 2.5 cents from last week, and the same as the national average.

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Semiconductor spending to rise

Capital spending by the semiconductor industry is expected to expand 10 percent this year to $50.4 billion, according to IC Insights, a Scottsdale-based industry research firm.

The prediction is up from a 4 percent increase the company forecast in January. If this year’s capital spending reaches expectations, it would be second only to the $60.3 billion spent in 2000.

The firm said the industry is not likely to build too much production capacity in 2006 because worldwide sales are expected to expand about 8 percent. However, overcapacity in specific market segments such as flash memory is still a potential problem, the company said.

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InPlay reports net income up

InPlay Technologies, a Mesa-based developer of electronic switches and pen computing products, reported net income Thursday of $118,000, or 1 cent a share, in the fourth quarter ended Dec. 31. That compared with a net loss of $924,000, or 10 cents a share in the same quarter the previous year.

Revenue for the fourth quarter was $3.2 million compared with $198,000 in the same period during 2004.

For all of 2005, the company reported net income of $668,000, or 7 cents a share, on revenue of $6.5 million. Revenue the previous year was $1.8 million.

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Attendants approve deal

After 2 1 /2 years of negotiations, Alaska Airlines flight attendants have reached a tentative agreement with the company’s management on a new contract, the Association of Flight Attendants said Thursday.

The pact includes a wage increase for flight attendants and other improvements, said Veda Shook, president of the union’s Alaska Airlines Master Executive Council.

Details of the agreement will be released following ratification by the attendants, the union said.

A tentative agreement was rejected last year by the membership.

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