ROCHESTER, MN -- EMS firm Pemstar Inc., in its final days as a standalone company, reported fiscal 2007 second-quarter revenue rose $1.2 million to $212.3
million from last year. Net income was
$3.2 million compared to a
net loss of $13.5
million a year
ago. The prior
year loss from continuing operations includes restructuring
and impairment
charges totaling $7.9 million.
Last month Benchmark Electronics announced it would buy Pemstar in a deal expected to close next quarter.
WASHINGTON -- The U.S. Department of Justice's antitrust division has subpoenaed Sony's electronics unit for information on its sales of SRAM memory chips. The company expressed its full cooperation with the probe.
The move appears to be part of a growing Justice Department probe into SRAM sales. Earlier
this month, Cypress Semiconductor said its
SRAM operations were also under investigation.
VANCOUVER -- Nam Tai Electronics today reported third-quarter sales rose 5.1% year-over-year to $218.5 million. Operating income fell 11.6% to $12.4 million, and net income plummeted 35.7% to $12.1 million for the period ended Sept. 30.