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News

REDMOND, WA – Data I/O announced third-quarter revenues rose 7% to $7.8 million over a year ago, but slipped 3% sequentially.

Net income was $1.2 million, down 25% from last year. Gross margin as a percentage of sales was 60%. Operating expenses were $3.3 million, up $300,000.

For the quarter, orders fell 16% to $6.9 million. “We were disappointed to see some orders slide out, primarily in Europe and the US, but Asia remained very strong with orders up nearly 50% compared with the same quarter of 2007," said Fred Hume, president and CEO, in a statement.

STOCKHOLM – NOTE today reported September sales of $50.7 million, up 2.2% over a year ago. Operating profits were $1.8 million, down 50%. Net profits were down 59% to $980,000.

The operating margin of 3.6% is down 50% from last year. The EMS company took $1.2 million in restructuring charges for the quarter.

Through September, NOTE had nine-month sales of $164 million and a net profit of $7.3 million. Year-to-date operating profits were $5.6 million. To date, the EMS provider has taken $3.8 million in charges for ongoing restructuring. Profit after items, but before taxes, was $9.8 million, down more than 50% year-over-year. Operating margins are 3.4%, down from 6.5% last year.

NOTE is transferring labor-intensive production and sourcing services to lower-labor rate countries, and cutting its headcount in Sweden by 200 staff, or just over 25%.

BREST, FRANCE – Jabil Circuit will close, sell or otherwise restructure its plant here, a local paper reported this week.

Ouest France is reporting the site’s revenues are 25% below expectations. The plant employs about 300 workers, down from 515 a year ago, when Alcatel-Lucent reportedly moved production from the site to a Solectron (now Flextronics) plant in China.

Jabil acquired the site and its then 700 employees from Alcatel in 2002.