News
For the July quarter, BTU reported net income of $770,000, up 361% sequentially, on sales of $15.8 million. The company's net loss for the year-ago quarter was $892,000.
First-half net sales were up 12% to $28.6 million. Net income was $937,000, compared to a loss of $1.9 million.
"We are pleased with the progress we are making in bringing cost under control, improving our results and globalizing our business," said Paul J. van der Wansem, chairman and chief executive.
"Our visibility into the future remains limited, but we continue to see strength in most of our markets," said van der Wansem. "Based on our current knowledge, we expect third quarter sales to be equal or better than the second quarter, with profits improving in line with revenue growth."
SANTA CLARA, CA -- Intel Corp. today announced plans to build a state-of-the-art $3 billion semiconductor production plant in Arizona.
The world's largest maker of microprocessers plans to construct a 300-mm silicon wafer fab at the company's Chandler, AZ, manufacturing site.
ANGLETON, TX -- Benchmark Electronics, a leading contract manufacturing provider, reported June quarter sales of $561 million, up 14% from $491 million last year. Second-quarter net income was $18.7 million, up from $17.6 million a year ago.
The results were driven by "significant" new program production, said president and chief executive Cary T. Fu, in a statement. "We expect strong growth and opportunities in the second half of 2005."
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