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MUNICH -- A conference pairing the fashion and high-tech industries takes place next week in Munich.

The first Wearable Technologies Congress takes place July 8 to 10, in the International Congress Centre Munich at the New Munich Trade Fair Centre.

According to conference organizers, the event aims to make possible the transfer of relevant know-how, the exchange of experiences among the participants of the involved industries and the exposition of visions for the next WT-product generations. The event is focused on future-oriented and marketable products, as well as new sales potentials for manufacturers of WT-products with emphasis in added value.

Attendees are expected to include experts in commerce, product development, production from the sports, fashion, electronics and consumer electronics sectors.

Among the topics presented:

High-tech meets low-tech – strategy for added-value-selling.
RFID – Chance and opportunities for the sport and textile industries.
New market perspectives through modern technology transfer.

WASHINGTON -- The Institute of Supply Management on Monday morning is expected to release data showing an improved June manufacturing index, and on Friday, the Labor Department is expected to report a stable unemployment rate.

The numbers, if accurate, suggest the economy is recovering after a first quarter dip.

MILPITAS, CA – Solectron Corp. reported net income for the third quarter fell 71% to $42 million year-over-year.

The company’s sales were $2.99 billion for the quarter, an increase of 3% over the previous quarter, and an increase of 10% year-over-year.

On June 4, Flextronics announced it would acquire Solectron. The merger agreement has been filed with the SEC. The transaction is expected to close in the fourth quarter. In a conference call with analysts last night, Solectron did not provide guidance or details on the pending acquisition.

A rebound in sales to Cisco following its Lean initiative and share gains from Celestica drove the sequential increase, said analyst Carter Shoop of Deutsche Bank. Excluding Cisco, Solectron's sales were off 4% sequentially. Consumer electronics sales dropped 15% sequentially and 6% versus last year.

The operating margin was 1.3%, up 0.l points sequentially. Gross margins fell 0.2 points. Inventory days fell one day to 58 days.