News
TEMPE, AZ, Jan. 7 -- Three-Five Systems Inc., a provider of electronics manufacturing services, sold its headquarters here in a deal worth more than $11 million.
TFS sold the building, located at 1600 N. Desert Dr., as well as its lease-hold interest in the ground sublease to Papago Paragon Partners, an unaffiliated company.
TFS received $9.35 million in cash plus a $2 million promissory note. The deal closed Dec. 30.
PHOENIX, Jan. 5 -- EMS provider Suntron Corp. has signed a five-year lease to expand its footprint in Mexico as more business migrates to lower-cost regions.
The company said it will expand its plant in Tijuana to 110,000 sq. ft. The plant is currently 35,000 sq. ft.
"This expansion is critical to being able to continue to provide world class service in a low cost region as we continue to migrate more and more of our customers' high labor content products to our Tijuana facility," said Jim Bass, president and CEO, in a statement.
ANGLETON, TX, Jan. 6 -- Benchmark Electronics Inc. today reaffirmed fourth quarter revenue targets of $505 million to $530 million, with corresponding diluted earnings per share of $0.41 to $0.45. The guidance is in line with analysts' consensus of revenues of $521.6 million and earnings per share of $0.44, and at the upper end of guidance provided Oct. 21.
Benchmark will announce fourth-quarter results on Feb. 8.
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- DISTRON CORPORATION Celebrates 20-Year Anniversary of Test Engineering Manager Richard Guerin