News
EL SEGUNDO, CA – Revenue for the global contract manufacturing industry, consisting of EMS and ODM providers, is set to expand to $432.3 billion by 2012, rising at a CAGR of 7.2% from 2007.
While a $126.7 billion gain in revenue during a five-year period may sound like fantastic growth, it actually represents a major slowdown compared to years past, on a percentage basis, says iSuppli Corp.
SAN JOSE, CA – Tessera Technologies Inc., provider of miniaturization technologies, reported total second-quarter revenue of $56.3 million, up about 17% year-over-year.
Net income was $84,000, down significantly from a net income of $9.9 million during the same quarter last year. Income for the second quarter 2008 included non-cash charges of $5.8 million for stock-based compensation and $2.9 million for amortization of acquired intangibles.
Total revenue for the six-month period ended June 30 was $115.7 million, up 19.2% year-over-year. Net income for the period was $2.3 million, down 89% compared to the same period in 2007.
“The significant year-over-year growth in our high margin, recurring royalties highlights the fundamental strength of our business,” said Bruce McWilliams, chairman, president and CEO for Tessera. “In the second half of 2008, we expect to build on the traction gained in our Consumer Imaging business, as illustrated by the new license agreement with Samsung.”
Tessera expects third-quarter total revenue to be within the range of $62 million to $64 million.
LOUISVILLE, KY – Sypris Solutions reported revenue of $110.4 million for the second quarter, down nearly 5% year-over-year.
The company reported a net loss of $900,000 compared to a net loss of $2.3 million for the second quarter last year.
The company reported a net loss of $900,000 compared to a net loss of $2.3 million for the second quarter last year.
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