News
LAFOX, IL, Dec. 17 -- Richardson Electronics has acquired assets from Evergreen Trading Co. Ltd., a distributor of power components in China.
"Evergreen has been able to realize exponential growth in the Chinese power conversion market through their longstanding relationships with customers in the UPS and industrial markets," said Murray Kennedy, executive vice president and general manager of Richardson's Industrial Power Group, in a statement.
Richardson provides power components.
Evergreen supplies power components and devices to small- to medium-sized companies in China.
SAN JOSE, Dec. 17 -- Sanmina-SCI Corp. said it will delay filing its Form 10-K for the fiscal year ended Oct. 2, and may revise its results to include a charge of up to 3 cents a share.
In a press release today, the EMS company said the delay stemmed from the need to review accounts at one of its plants.
The company said it had substantiated the questionable accounts but that its independent auditor had yet to sign off.
The company said it filed for a 15-day extension for the 10-K. It expects to file by the end of the calendar year.
ROCHESTER, MN, Dec. 16 -- Pemstar Inc. today named Roy A. Bauer president and chief operating officer. The EMS firm also named Bauer to its board of directors.
He succeeds Al Berning, who remains chairman and chief executive officer.
Bauer was executive vice president and chief operating officer of Pemstar.
"We brought Roy on board in 2001 for his extensive industry and global operational experience. He's a tremendous asset and promoting him to president is recognition of his performance, abilities and potential," said Berning, in a press release.
Bauer was chief executive of Key Teknowledgy Corp., and spent 20 years at IBM in manufacturing, product development and quality management.
Bauer has a bachelor's degree in industrial science from the University of Wisconsin-Stout.
Pemstar is a provider of engineering, product design, manufacturing and fulfillment services.
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