News
NEENAH, WI -- Plexus Corp. reported record fiscal fourth-quarter net income of $42.6 million on a 23% hike in revenues over last year. For the quarter ended Sept. 30, the EMS firm's sales hit $396.9 million, bringing full year revenues to a record $1.46 billion, a 19% increase
over 2005.
For the quarter, net income was up 305%, including a $17.7 million gain due to tax provisions and a $500,000 loss on the adoption of "FIN 47" concerning conditional asset retirement obligations. Non-GAAP quarterly net income was $25.5 million, a company record for the fourth quarter.
For the quarter, net income was up 305%, including a $17.7 million gain due to tax provisions and a $500,000 loss on the adoption of "FIN 47" concerning conditional asset retirement obligations. Non-GAAP quarterly net income was $25.5 million, a company record for the fourth quarter.
ROCHESTER, MN -- EMS firm Pemstar Inc., in its final days as a standalone company, reported fiscal 2007 second-quarter revenue rose $1.2 million to $212.3
million from last year. Net income was
$3.2 million compared to a
net loss of $13.5
million a year
ago. The prior
year loss from continuing operations includes restructuring
and impairment
charges totaling $7.9 million.
Last month Benchmark Electronics announced it would buy Pemstar in a deal expected to close next quarter.
Last month Benchmark Electronics announced it would buy Pemstar in a deal expected to close next quarter.
WASHINGTON -- The U.S. Department of Justice's antitrust division has subpoenaed Sony's electronics unit for information on its sales of SRAM memory chips. The company expressed its full cooperation with the probe.
The move appears to be part of a growing Justice Department probe into SRAM sales. Earlier this month, Cypress Semiconductor said its SRAM operations were also under investigation.
The move appears to be part of a growing Justice Department probe into SRAM sales. Earlier this month, Cypress Semiconductor said its SRAM operations were also under investigation.
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