SAN JOSE -- EMS giant Sanmina-SCI's problems continued in the September quarter as earnings fell by $20 million on a 1.8% drop in revenue, to $2.71 billion. The company reported a net loss of $28.1 million, down from a loss of $8 million a year ago.
For fiscal 2006, revenues decreased 6.6% to $11 billion on weakness in its computing businesses, for which sales to existing customers fell $772 million. Other decreases included a $262 million drop in enclosures sales and a $186 million fall in storage systems. The net loss fell to $141.6 million, from a loss of $1.03 billion in fiscal 2005.
For fiscal 2006, revenues decreased 6.6% to $11 billion on weakness in its computing businesses, for which sales to existing customers fell $772 million. Other decreases included a $262 million drop in enclosures sales and a $186 million fall in storage systems. The net loss fell to $141.6 million, from a loss of $1.03 billion in fiscal 2005.
EL SEGUNDO, CA – Sales of electronics equipment will maintain growth rates this year, as global revenue will rise 6.7% to $1.47 trillion in 2007. iSuppli (isuppli.com) predicts. The research firm estimates sales rose 6.6% last year.
Data processing will be the fastest-growing segment, comprising some 28.8% of total electronics revenue. The sector is expected to grow 9.1% to $421.7 billion in 2007. Wired communications expand 7.2% $101.4 billion. Consumer electronics will grow 6.4% to $327.2 billion, the firm says.
Higher unit shipments and average selling prices will boost PCs, datacom’s largest segment. PC shipments will rise 10.2% to 262.9 million units in 2007. Dual-core microprocessors and the availability of a Microsoft’s Vista will spur growth, says iSuppli.
Meanwhile, three other segments will decelerate. Wireless communications will cool considerably, predicts iSuppli, growing 4.9%, after expanding 8.7% last year. Automotive and industrial will grow 4.5 and 5.7%, respectively, down slightly from 4.8 and 7.5%.
Data processing will be the fastest-growing segment, comprising some 28.8% of total electronics revenue. The sector is expected to grow 9.1% to $421.7 billion in 2007. Wired communications expand 7.2% $101.4 billion. Consumer electronics will grow 6.4% to $327.2 billion, the firm says.
Higher unit shipments and average selling prices will boost PCs, datacom’s largest segment. PC shipments will rise 10.2% to 262.9 million units in 2007. Dual-core microprocessors and the availability of a Microsoft’s Vista will spur growth, says iSuppli.
Meanwhile, three other segments will decelerate. Wireless communications will cool considerably, predicts iSuppli, growing 4.9%, after expanding 8.7% last year. Automotive and industrial will grow 4.5 and 5.7%, respectively, down slightly from 4.8 and 7.5%.
VENTURA, CA - CoorsTek has acquired Gaiser Tool Co., a ceramic precision tooling manufacturer based in Ventura with operations in Tokyo. Established in 1962, Gaiser invented the alumina ceramic capillary in 1970 and developed "Process1800" to produce bottleneck-style ceramic capillaries in 1987. In a statement, CoorsTek said it will retain the Gaiser brand.
SHANGHAI -- Foxconn has purchased a 10,000 sq. meter plot here and will build its national headquarter,Taiwan's Commercial Times reported.
The company's global research and development center in Tucheng, Taiwan has been completed, DigiTimes said, and will spend roughly $369.8 million over the next three years on it.
Foxconn will employ over 3,000 employees at the R&D site, the report said.
The company's global research and development center in Tucheng, Taiwan has been completed, DigiTimes said, and will spend roughly $369.8 million over the next three years on it.
Foxconn will employ over 3,000 employees at the R&D site, the report said.
SAN FRANCISCO – December poll results were at their weakest level of 2006, says Deutsche Bank Equity Research. CIOs expect IT budgets to grow 5.8% during the next 12 months, down from 6.5% in September.
LOS ANGELES - P. Kay Metal announced the
opening of its Shenzhen, China office – its first in Asia
Dr. Erik Severin will head the office, supporting the market development efforts of Wong's Kong King and other company distributors throughout the Pacific Rim. Dr. Severin has worked in new business development and with startup companies for the past seven years. He has a Ph.D. in chemistry from the California Institute of Technology.
Dr. Erik Severin will head the office, supporting the market development efforts of Wong's Kong King and other company distributors throughout the Pacific Rim. Dr. Severin has worked in new business development and with startup companies for the past seven years. He has a Ph.D. in chemistry from the California Institute of Technology.
