SAN JOSE -- Flextronics, the world's largest contract electronics manufacturer, last night reported first-quarter net sales of $3.9 billion, up $17 million over last year.
For the quarter ended June 30, Flextronics' pro-forma net income rose 27% to $99.6 million. GAAP net income slid $15.6 million to $58.7 million year-over-year.
SAN JOSE -- Revenues of EMS provider Sanmina-SCI fell 8% to $2.83 billion and the company was hit with a quarterly loss of $202,000 due to restructuring charges taken in its fiscal third quarter.
Sanmina-SCI recorded a profit of $11.4 million last year. For the June quarter, the pro-forma profit was $24.4 million, down from $34.4 million a year ago.
MYRTLE BEACH, SC -- AVX Corp. reported net sales of $319.8 million for its fiscal first quarter ended June 30, down 7% year-on-year but up 4.5% sequentially. Net income was $10.2 million, down 55% year-on-year.
John Gilbertson, president and chief executive, said, "The sales increases in the last two quarters indicate that end market growth is continuing, and this is a positive sign for AVX and the industry."
Sequentially, profit from operations improved to $10.1 million. Profit from operations was $30.7 million last year.
Cash and short and long-term investments in securities increased $5.4 million to $725.9 million during the quarter.
Redmond, WA -- Datalight and Data I/O Corp. announced a joint technology effort aimed to ease the task of bringing NAND Flash products to market.
As market demand for increased memory in electronic products has surged, designers of new products increasingly use NAND Flash memories in new designs to capture a cost advantage. The challenge is that NAND memories require bad-blocks to be detected and managed while writing to the device. The joint effort hopes to enable NAND flash users to leverage performance capabilities, shortening the development cycle and ensuring accurate handling of bad blocks.
Datalight specializes in system software to help OEMs add value to embedded devices. Data I/O is a provider of manual and automated device programming systems for programmable flash technologies.
Mansfield, TX – Mouser Electronics will be the first catalog distributor to market Oki Semiconductor’s advanced integrated circuits to the industry.
Oki manufactures a line of ICs for the telecommunications, automotive, computer, medical and consumer markets. Its portfolio of products includes microcontroller, ASIC, memory, speech synthesis and RF devices.
Mouser’s customer base of over 100,000 business accounts focuses primarily on the design-in and prototyping stage of the design cycle and are comprised of a range of companies, universities and engineering consultants who recommend, specify and purchase board level components for product designs.
GREENVILLE, SC -- Kemet Corp. today June quarter net income of $3 million on net sales of $114.1 million. The company's net loss before special items was $300,000, with the difference made up by a one-time tax benefit of $3.3 million.
Sales at the maker of passive chips were down 6.8% from last year and up 12.5% sequentially.
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