News
PEMBROKE, BERMUDA -- Tyco Electronics reported first-quarter sales dropped 21% from a year ago, and the GAAP operating loss swung to a loss on lower demand and poorer margins.
EINDHOVEN, NETHERLANDS -- Royal Philips
Electronics swung to a fourth-quarter loss of $1.9 billion
and sales fell 9% to $10.1 billion in the quarter.
RICHARDSON, TX – Elcoteq will lay off 96 workers including all its employees in engineering services here, according to reports.
The layoffs will take place between late March 24 and early April 7.
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