News
ELK GROVE VILLAGE, IL – EMS provider SigmaTron International Inc. reported second-quarter fiscal 2009 revenues were $41.1 million, down 4% year-over-year.
Net income was $1.5 million, up 54% compared to the same quarter last year.
For the six months ended Oct, 31, revenues were $79.6 million, down nearly 4% year-over-year. Net income for the same period was $2.1 million, up 28.6% year-over-year.
“Unfortunately, starting the first week in November, we have seen our revenue drop approximately 30% from October's run rate. Given the condition of the economy, this slowdown comes as no surprise, and at this point, it will certainly continue for the third quarter and probably beyond. Recently, the company decided to postpone the planned expansion of its China facility, announced in July 2008, in response to the current economic conditions,” said Gary R. Fairhead, president and CEO.
Net income was $1.5 million, up 54% compared to the same quarter last year.
For the six months ended Oct, 31, revenues were $79.6 million, down nearly 4% year-over-year. Net income for the same period was $2.1 million, up 28.6% year-over-year.
“Unfortunately, starting the first week in November, we have seen our revenue drop approximately 30% from October's run rate. Given the condition of the economy, this slowdown comes as no surprise, and at this point, it will certainly continue for the third quarter and probably beyond. Recently, the company decided to postpone the planned expansion of its China facility, announced in July 2008, in response to the current economic conditions,” said Gary R. Fairhead, president and CEO.
ROGERS, CT - Rogers Corp. initiated a patent infringement complaint against Arlon Electronic Material Group for its sale in the US of Arlon TC-600 circuit board material.
The complaint claims Rancho Cucamonga, CA-based Arlon is infringing on a 1996 Rogers patent: Ceramic Filled Composite Polymeric Electrical Substrate Material Exhibiting High Dielectric Constant and Low Thermal Coefficient of Dielectric Constant.
In the complaint, Rogers demanded Arlon, a division of WHX Corp., cease manufacture, sale and distribution of its TC-600 materials.
Rogers develops and manufactures high-performance specialty material products.
The complaint claims Rancho Cucamonga, CA-based Arlon is infringing on a 1996 Rogers patent: Ceramic Filled Composite Polymeric Electrical Substrate Material Exhibiting High Dielectric Constant and Low Thermal Coefficient of Dielectric Constant.
In the complaint, Rogers demanded Arlon, a division of WHX Corp., cease manufacture, sale and distribution of its TC-600 materials.
Rogers develops and manufactures high-performance specialty material products.
PEMBROKE, BERMUDA – Tyco Electronics will lay off 2,500 staff globally, with 70 cuts coming in its Wilsonville, OR, plant, where the conglomerate employs approximately 500 workers, according to published reports.
The communication equipment maker said in November business would slow in 2009 as a result of increasing costs and the state of the economy.
The communication equipment maker said in November business would slow in 2009 as a result of increasing costs and the state of the economy.
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