| Sanmina-SCI’s Q1 Net Income Plummets |
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| Written by Chelsey Drysdale | |||
| Monday, 28 January 2013 17:45 | |||
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SAN JOSE – Sanmina-SCI Corp. reported first-quarter revenue of $1.49 billion, down 0.67% year-over-year, and down 5.7% sequentially. GAAP net income was $621,000 compared to $8.6 million in the year-ago period. “First quarter revenue and EPS were below expectations due to weak demand across most of our market segments,” said Jure Sola, chairman and CEO. “Our second quarter guidance reflects seasonality, along with continued uncertainty in the macro-environment. Based on the pipeline of new business opportunities and the ramping of new programs in fiscal 2013, we should see improvements in the second half of the year.” Second-quarter revenues are expected to be $1.4 billion to $1.45 billion.
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Ultra thin double coated tapes are for bonding and attaching components and assemblies where high dielectric strength is required. REACH and RoHS compatible. Come in polyimide (PI) and polyester...
