SAN JOSE -- Sanmina-SCI reported third-quarter revenue of $2.71 billion, up 1.5% sequentially but down 4.2% from a year ago.
A special committee of the company's board and an independent outside legal counsel are reviewing stock option administration policies and practices
dating to Jan. 1, 1997. As such, the company did not provide
detailed earnings financial information for the quarter.
NEENAH, WI -- Plexus Corp.'s net income was a record $25.1 million on a 27% gain in revenues for the period ended July 1. The EMS firm reported a record $397.4 million for the quarter. Sequential
growth in the third quarter was exceptional. Gross margins expanded 50 basis
points sequentially to 11.5% of revenues, and operating margins
rose 75 basis points to 6% of revenues.
The company will close its facility in Maldon, England, to reduce
manufacturing capacity and relocate the programs to a facility in Kelso, Scotland, by the end
of 2006 or early in 2007. About 77 employees will be laid off.
MILPITAS, CA -- Electronics manufacturing services provider Solectron Corp. today
announced its Fremont NPI facility has received ISO
13485:2003 medical certification.
The standard specifies requirements
for a quality management system for regulatory purposes in the
manufacture of medical devices.
The Fremont plant, which Solectron operates under the name FinePitch, is the seventh company site to gain the certification. The others are Charlotte,NC; Scotland; Quebec; Suzhou, China; and two in Singapore.