News
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.
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.
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 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.
SAN JOSE -- Flextronics last night reported fiscal first-quarter net sales from continuing operations rose 6% to $4.06 billion, while GAAP net income rose 44% to $85 million. Both numbers topped previous estimates.
Sequentially net sales from continuing operations increased 15%, and GAAP operating margin improved 180 basis points, for the period ended June 30.
"There has been a reacceleration of significant growth in our core EMS business, which includes design, vertically-integrated manufacturing services, components and logistics," said chief executive Mike McNamara.
Sequentially net sales from continuing operations increased 15%, and GAAP operating margin improved 180 basis points, for the period ended June 30.
"There has been a reacceleration of significant growth in our core EMS business, which includes design, vertically-integrated manufacturing services, components and logistics," said chief executive Mike McNamara.
SAN CLEMENTE, CA -- Test and inspection OEM YESTech has opened a sales and tech support branch in Alton, Hampshire, UK.
The office will provide service to YESTech's European representatives and customers. YESTech Europe handles most European countries, the Middle East and South Africa.
"YESTech prides itself on its exceptional level of customer support and in providing local help with applications," commented Don Miller, YESTech president. "Adding further backup within the European time zone is another example of this continued commitment to bring all of our support capability to a local focus, world wide."
The office will provide service to YESTech's European representatives and customers. YESTech Europe handles most European countries, the Middle East and South Africa.
"YESTech prides itself on its exceptional level of customer support and in providing local help with applications," commented Don Miller, YESTech president. "Adding further backup within the European time zone is another example of this continued commitment to bring all of our support capability to a local focus, world wide."
NEW YORK -- Dover Corp. last night said it discontinued seven businesses during its just-ended quarter, including five from Dover Technologies and one from Dover Electronics. The discontinued businesses include Universal Instruments, Hover-Davis, Vitronics Soltec and Alphasem.
DEK, the screen printer OEM, and Everett-Charles Technologies, the semiconductor and PCB test unit, and OK International were not among those companies put on the block.
In 2005, the five businesses had combined revenue of $580.2 million and earnings of $26.7 million. To-date this year the companies have joint earnings of $9.3 million on sales of $291.8 million.
DEK, the screen printer OEM, and Everett-Charles Technologies, the semiconductor and PCB test unit, and OK International were not among those companies put on the block.
In 2005, the five businesses had combined revenue of $580.2 million and earnings of $26.7 million. To-date this year the companies have joint earnings of $9.3 million on sales of $291.8 million.
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