News
MANKATO, MN — Winland Electronics chairman Thomas J. de Petra has been named interim CEO and president, effective Jan. 2. He succeeds Lorin Krueger, who is retiring. The board hopes to have a permanent successor by the end of the first quarter, the company said in a press statement.
"We have made progress in the search to recruit a permanent replacement, but as we grow closer to Jan. 2, we wanted to put a transition process in place," de Petra said.
de Petra has been chairman since October 2006 and a director since 1994.
LOUISVILLE — Sypris Solutions today lowered its 2007 guidance, citing a $10 million shortfall in revenue from its Industrial division.
In an SEC filing, the EMS firm said it expects to lose 10 to 12 cents per share this year, compared with previous guidance of a 5 cent loss or flat earnings.
The company forecast 2007 revenue of $425 million to $430 million, compared with previous guidance of $435 million to $440 million.
For 2008, Sypris expects to return to profitability on revenue of $460 million to $480 million.
In an SEC filing, the EMS firm said it expects to lose 10 to 12 cents per share this year, compared with previous guidance of a 5 cent loss or flat earnings.
The company forecast 2007 revenue of $425 million to $430 million, compared with previous guidance of $435 million to $440 million.
For 2008, Sypris expects to return to profitability on revenue of $460 million to $480 million.
ST. PETERSBURG, FL – Jabil yesterday said it expects fiscal second-quarter revenues to fall $250 million to $350 million, to $3 billion to $3.1 billion, on seasonality in consumer demand.
SAN JOSE – North American manufacturers of semiconductor equipment posted $1.15 billion in orders in November and a book-to-bill ratio of 0.82, according to SEMI.
The three-month average of worldwide bookings was about 2% less than October and about 19% less than last year.
The three-month average of worldwide billings was $1.39 billion, about 6% less than October and down about 6% year-over-year.
"November orders are 19% below one year ago, and at levels last reported in late 2005,” said Stanley T. Myers, president and CEO of SEMI. “Semiconductor manufacturers have added a tremendous amount of 300-mm capacity over the past year. This, combined with the overall booking trends, indicates that investments will slow in the near-term, which is consistent with concerns about the economy as a whole.”
The three-month average of worldwide bookings was about 2% less than October and about 19% less than last year.
The three-month average of worldwide billings was $1.39 billion, about 6% less than October and down about 6% year-over-year.
"November orders are 19% below one year ago, and at levels last reported in late 2005,” said Stanley T. Myers, president and CEO of SEMI. “Semiconductor manufacturers have added a tremendous amount of 300-mm capacity over the past year. This, combined with the overall booking trends, indicates that investments will slow in the near-term, which is consistent with concerns about the economy as a whole.”
EL SEGUNDO, CA -- A leading research firm today lowered its outlook for electronics equipment, although the revised growth remains solid for 2008.
BANGKOK – EMS provider Fabrinet has completed construction of a 300,000 sq. ft. addition to its Pinehurst optical manufacturing complex near Bangkok, and has commenced operations there.
