This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Molex Celebrates 75 Years Of Innovation

Stock quotes in this article: MOLX, MOLXA

As Molex Incorporated (NASDAQ: MOLX) and (NASDAQ: MOLXA), begins its new fiscal year today, the company proudly celebrates its 75 th year in business serving customers in the global electronics industry. Providing innovative interconnect solutions to the world’s leading manufacturers, the company’s primary markets include data communications, telecommunications, consumer electronics, industrial, automotive, aerospace and defense, medical and lighting. Molex sells more than 100,000 different products and ranks among the top three connector companies in the world based on annual revenue.

“Molex has built a legacy of innovation while growing from a small, local enterprise in Chicago’s western suburbs to one of the largest connector companies in the world,” states Martin P. Slark, vice chairman and CEO, Molex. “This milestone gives us an opportunity to reflect on where we’ve been, as we look forward to a promising and powerful future.”

Established in 1938, Molex earned an industry reputation for developing unique interconnect solutions for challenging design problems. Examples include: simple PCB connectors and stamped circuitry, as well as nylon plugs and receptacles for color TVs. Molex also introduced ever-smaller connectors and modular interconnects—the micro products of their day—and continues to be a leader in the miniaturization of electronic components.

Molex opened its first factory outside the U.S. in Japan in 1970. The company has since opened manufacturing operations in many other overseas locations, including Mexico, Ireland, Hong Kong, Singapore, India and China. In 1972, Molex went public launching a period of rapid growth as the company expanded into global markets to provide design, customer service and manufacturing capabilities closer to its increasingly diverse customer base. On its 60 th anniversary, Molex sales had reached over $1.6 billion in annual revenue—a figure that has since more than doubled.

“Investing in the development of innovative products has always been an important part of our strategy and that will not change,” adds Slark. “Molex continues to invest in design innovation, organic growth and strategic acquisitions to bring greater value to our shareholders and customers.”

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,804.71 -238.19 -1.40%
S&P 500 1,946.16 -26.13 -1.32%
NASDAQ 4,422.0850 -71.3050 -1.59%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs