Book Reviews
The company tabbed James P. McClintock, president and chief operating officer, and David E. Gable, vice president and chief financial officer, to handle CEO responsibilities on an interim basis.
The board is actively seeking a new CEO.
Last week the company posted wider-than-expected losses of $38.9 million amid declining revenues and inventory problems.
The 101,000 sq. ft. Wylie plant is home to Lone Star Circuits, which IPS acquired last November in what is considered a reverse takeover.
The company said it would close its PC Dynamics manufacturing plant located in Frisco, TX. PC Dynamics is a wholly owned subsidiary of IPFS.
The firm said it has begun duplicating processes at its Wylie site and should have all of the new lines running within the next eight weeks.
Abstracts of 200-300 words are due to conference coordinator Kristin Nafstad (kristin@smta.org) by March 1. Written papers are not required.
Robert LaGuerra states that differing factors around the world are driving this growth for automotive-specific semiconductors. For example, in Europe and Asia, smaller engines are the norm and there is a defined need to match their performance with those of larger displacement engines. To maximize the performance of these smaller engines, advanced engine management technologies including displacement on demand, variable valve timing and direct fuel injection are being aggressively rolled out in these regions.
The same is happening in the U.S., although this is predominantly due to rising fuel costs and CAFE standards. More specifically, new government legislation mandates that automakers must implement advanced airbag safety systems and tire pressure monitoring systems into future car lines.
LaGuerra cautions, "Automotive processors are proliferating, but in some applications adding too many components that are intended to make the car more reliable, may actually reduce reliability." He adds that in some situations, the industry will actually look to simplify things using fewer, heavier-duty processors.
SAN JOSE - Flextronics posted record GAAP net income of $98.7 million, up 361%, for its third quarter. The EMS firm also topped previous records for revenues, reporting sales of $4.3 billion, up 3% over last year.
The company recorded restructuring charges of $30.7 million during the quarter, primarily related to closures and consolidations. Excluding one-time items, net income rose 24% to $116.3 million.
The company reaffirmed previous revenue guidance of $3.8 billion to $4.2 billion for the March quarter, and $4.1 billion to $4.5 billion in the June quarter. The company told analysts that end-markets are solid.
Press Releases
- Metal Etch Services Installs First NEVIS Stencil Laser System in the US
- RBB Welcomes Shawn Myers as Engineering Project Manager
- ECIA’s Market Sentiment Index Average Hits Five-Year High in June Industry Pulse Survey
- Incap Slovakia invests in cleanroom capability to support semiconductor manufacturing requirements