News
STRATHAM, NH – Vitronics Soltec has named Erik Tobiason president, replacing Jeroen Schmits, who was named head of Universal Instruments last month.
Vitronics and Universal are subsidiaries of Dover Technologies. Tobiason was president of Graphics Microsystems Inc., also a Dover Corp. subsidiary.
NEW YORK -- Banc of America
Securities says EMS demand should pick up in the second half as customers exhaust their budgets ahead of the next fiscal year.
"We still expect a second-half seasonal pick-up in demand due to corporate 'budget flush' and consumer holiday spending," said Banc of America. "On a year-over-year basis, we see mid-to-high single-digit growth in IT spending."
The analyst rated Flextronics and Benchmark as its best buys, while noting problems at Solectron and Sanmina-SCI.
"We still expect a second-half seasonal pick-up in demand due to corporate 'budget flush' and consumer holiday spending," said Banc of America. "On a year-over-year basis, we see mid-to-high single-digit growth in IT spending."
The analyst rated Flextronics and Benchmark as its best buys, while noting problems at Solectron and Sanmina-SCI.
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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