HONG KONG -- Foxconn International reported first-half net earnings of $146.9 million, up 66% from $88.3 million last year. For the six months ended June 30, the ODM posted revenue of $2.35 billion, up from $1.29 billion a year ago.

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Torrance, CA – Excellon Automation has opened its new corporate offices and North American production facility in Rancho Dominguez, CA. The relocation efforts will be completed by mid-October.
 
 “Our current facility is outdated and no longer supports our North American production needs or provides the necessary capabilities for our world headquarters operations, “ said David Balsbough, president. “With our increased emphasis on customer support and technology leadership we need a facility that supports these objectives while providing efficient and flexible operating capabilities.”

TOKYO -- Sony's new CEO didn't wait long to shake up the company, as the consumer electronics giant announced plans to close 11 factories and cut 10,000 jobs from its electronics business.

Howard Stringer, the media executive whom Sony hired to revitalize its listing electronics business, said the cuts will save $1.8 billion in costs by the end of fiscal 2007. The company revised downward its forecast for the fiscal year ending in March to a net loss of $89.8 million.

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