News
SINGAPORE – SMT Holdings Ltd. reported fourth-quarter revenue was $134.6 million, up 7.1% year-over-year.
For the three months ended March 31, the net loss was $3.8 million, the EMS company reported.
For the year ended March 31, the group’s revenue was $543.5 million, up 12.2% compared to the same period last year. Net profit was $680,000, down 94.3% year-over-year.
The year-over-year revenue growth resulted mainly from higher demand for turnkey projects in industrial control products, says SMT. The higher net operating loss in the quarter, compared to the prior quarter, was caused by a decrease in gross profit because of fewer customer orders in consigned component assembly work, particularly in the computer peripheral and telecommunication products segments; severe cold weather in southern and central China during January, which affected the supply chain; fewer working days as a result of the Chinese New Year holidays; the continued escalation of wages, energy and other operating costs, and cost increase as a result of continued appreciation of the Chinese currency against the dollar.
“Our fiscal 2008 performance was disappointing,” said chairman and senior managing director Chan Kei Biu. “Global economic growth is expected to be slow with many challenges and uncertainties ahead. We are moving forward with greater caution.”
For the three months ended March 31, the net loss was $3.8 million, the EMS company reported.
For the year ended March 31, the group’s revenue was $543.5 million, up 12.2% compared to the same period last year. Net profit was $680,000, down 94.3% year-over-year.
The year-over-year revenue growth resulted mainly from higher demand for turnkey projects in industrial control products, says SMT. The higher net operating loss in the quarter, compared to the prior quarter, was caused by a decrease in gross profit because of fewer customer orders in consigned component assembly work, particularly in the computer peripheral and telecommunication products segments; severe cold weather in southern and central China during January, which affected the supply chain; fewer working days as a result of the Chinese New Year holidays; the continued escalation of wages, energy and other operating costs, and cost increase as a result of continued appreciation of the Chinese currency against the dollar.
“Our fiscal 2008 performance was disappointing,” said chairman and senior managing director Chan Kei Biu. “Global economic growth is expected to be slow with many challenges and uncertainties ahead. We are moving forward with greater caution.”
WASHINGTON -- The US International Trade
Commission granted Tessera Technologies' request for an investigation into
the unlawful importation, sale for importation and sale after importation of
certain small-format BGA packages
and products that include such packages.
A hearing date has not yet been set.
A hearing date has not yet been set.
MOUNTAIN VIEW, CA -- Intel's chief executive yesterday said emerging markets and the quest for productivity
will mitigate US drops in PC demand.
"The core markets that we serve today are strong and continue to grow," Paul Otellini told shareholders at a scheduled meeting. Intel has a "more robust view of the market than we had a year ago," he said, Bloomberg News reported.
Intel owns a more than 70% share of the global market for PC microprocessors.
The appetite for PCs is rising in developing countries as incomes climb, Otellini said, according to Bloomberg.
"The core markets that we serve today are strong and continue to grow," Paul Otellini told shareholders at a scheduled meeting. Intel has a "more robust view of the market than we had a year ago," he said, Bloomberg News reported.
Intel owns a more than 70% share of the global market for PC microprocessors.
The appetite for PCs is rising in developing countries as incomes climb, Otellini said, according to Bloomberg.
