Tag Archives: Celestica

EMS Q3: Cloudy, with a Chance of Pitfalls

Checking our pool of 30 or so publicly traded EMS companies that have thus far reported third-quarter earnings, we see an industry that is decidedly mixed. Exactly half of those in our pool reported net income rose over last year. … Continue reading

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After the Product Build

Some very interesting developments in after-market services these days. One major player, Celestica, has been expanding its AMS for the past several years as it seeks higher margins. Higher-value services now represent roughly 5% of the company’s revenue, according to … Continue reading

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Malaysia v. China

Don’t laugh: When it comes to manufacturing competitiveness, the divide between the two nations is not so wide. Flextronics, Celestica, Plexus, Beyonics and other major EMS companies are heavily invested in Malaysia. Plexus’ largest factories are there, and the company … Continue reading

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The ‘Sale’ of Foxconn

Foxconn Precision Electronics, the cellphone manufacturing arm of — guess who? — Foxconn, is for sale. Well, actually it has been sold. To Foxconn. Allow me to explain. Hon Hai, which trades under the Foxconn name, has myriad subsidiaries. Some … Continue reading

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Predictions, Revisited

In mid July, I made five predictions for the second half of this year. Here’s how I fared: Prediction 1. All of 2009’s 10 largest EMS companies – Foxconn, Flextronics, Jabil, Celestica Sanmina, Cal-Comp, Elcoteq, Venture, Benchmark and Plexus – … Continue reading

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5 Predictions for the Second Half

Here’s my 5 predictions for the second half of 2010. All of 2009’s 10 largest EMS companies – Foxconn, Flextronics, Jabil, Celestica Sanmina, Cal-Comp, Elcoteq, Venture, Benchmark and Plexus – will be intact at year end, and with the exception … Continue reading

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Add Ons

Now that the worst of the financial meltdown is (hopefully) behind us, one of the trends to watch will be how quickly EMS companies expand capacity. Plexus, which has always been conservative in its approach, said this week it would … Continue reading

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CEOs: Not Much EMS M&A Expected

Earnings announcements came out this week for Flextronics, Sanmina-SCI, CTS, Celestica, Key Tronic, IEC and a few others. I’ve been listening to the quarterly analyst briefings, and it would *appear* that most of the major EMS companies don’t plan any … Continue reading

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When It Comes to Capacity, There’s Never Enough

Most industry observers believe the EMS industry suffers from overcapacity. When it’s difficult to make money in an upcycle, yet the majority of risk is shouldered by the manufacturer, it stands to reason that’s a fair assessment. Which is why … Continue reading

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Blue Sun

IBM’s potential merger with Sun is hardly a done deal, and reporters at The Wall Street Journal and elsewhere now think the deal may be off. (For the record, neither OEM has yet commented on the deal.) Which, for EMS … Continue reading

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