News
SAN JOSE -- Flextronics, the world's second-largest EMS company, reported record fourth quarter net sales on the integration of competitor Solectron.
For the period ended March 31, sales rose 66% year-over-year to $7.8 billion, while operating profit increased 86% to $263 million, and adjusted net income jumped 76% to $215 million. Including one-time charges, the company took a loss of $93 million, down from $121 million last year.
MOSCOW – JSC Sitronics reported a 7.9% year-on-year gain in sales, to $605 million, but fell to a net loss of $46.1 million, from earnings of $24.3 million, for the period ended Dec. 31.
For the year, Sitronics reported revenues of $1.62 billion and a net loss of $233.9 million. Cash from operating activities rose $147.1 million for the year.
Sitronics makes telecommunications, IT and other electronics products, and suppliers EMS services.
Sitronics EMS reported sales of $69.3 million for the year. Last year, the company merged its Consumer Electronics and Electronics Manufacturing Services units.
Sitronics forecasted growth of more than 15% in 2008.
For the year, Sitronics reported revenues of $1.62 billion and a net loss of $233.9 million. Cash from operating activities rose $147.1 million for the year.
Sitronics makes telecommunications, IT and other electronics products, and suppliers EMS services.
Sitronics EMS reported sales of $69.3 million for the year. Last year, the company merged its Consumer Electronics and Electronics Manufacturing Services units.
Sitronics forecasted growth of more than 15% in 2008.
TAIPEI -- Wistron Corp. will buy Lite-On
Technology's monitor business for $300
million in cash, the company said Tuesday.
The deal covers inventory, equipment, IP and personnel, but no manufacturing plants.
Wistron said more acquisitions would be in the offing and the firm has plans to move some manufacturing to Vietnam.
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