| Sanmina-SCI Meets Q1 Guidance |
 |
 |
 |
| Thursday, 24 January 2008 05:38 | |||
|
SAN JOSE – Sanmina-SCI reported first-quarter revenue of $2.53 billion, up a slight 0.8% sequentially and down almost 9% year-over-year. The results were inline with company guidance.
Net income was $21 million, up 51% sequentially, and down 39.5% year-over-year. Gross profit was $155.1 million, or 6.1% of revenue. During the quarter, Sanmina-SCI was boosted by demand for high-end computing storage (up 13% sequentially) and communications (up 6% sequentially). Core EMS gross margins improved 100 basis points over the fourth quarter to 7.7%. Overall, the company's core business revenue was $1.79 billion. Its discontinued PC business experienced weakness in the quarter with revenue of $740 million, Sanmina said. “While the company is making good progress on its plans, we remain concerned about the slowing macro environment and the sale of the PC business,” said analyst Sherri Scribner of Deustche Bank’s equity research group. The company forecast revenue in the range of $2.4 billion to $2.5 billion for the second quarter. The PC business is expected to be down five to 10% sequentially, suggesting the EMS sales will be flat to up in the March quarter. “In the current macro environment, we view flat-to-up EMS revenue as somewhat optimistic,” Scribner said.
|
Columns
| European RoHS Enforcement Explained |
A series of workshops next month on compliance with RoHS and other directives will help US companies looking to break into the European market. |
| Read more... |
| Believing Foxconn Means Suspending Belief |
The Foxconn makeover is in full swing, with the latest this piece from the New York Times that supposes that the world's largest ODM is worried that Apple -- yes, Apple -- might be bringing it down: |
| Read more... |
Features
| Managing Your ESD Program |
The processes are as important as the tools. |
| Read more... |
| SMT Reflow Oven-to-Oven Repeatability |
How to adjust an oven so a single recipe will work across multiple ovens for an individual product. |
| Read more... |
Search
Search
Login
CB Login
Language
Language
Products
Kolb Releases PS300 2HY Stencil Cleaner
PS300 2HY hybrid batch stencil cleaner is suitable for stencils, PCBs, misprints and solder frames. Is an automatic single-chamber system; features 3-4 step PowerSpray cleaning. Is part of compact...
PS300 2HY hybrid batch stencil cleaner is suitable for stencils, PCBs, misprints and solder frames. Is an automatic single-chamber system; features 3-4 step PowerSpray cleaning. Is part of compact...
