News
LOS ANGELES – Northrop Grumman Corp. plans to close its Interconnect Technologies business in Missouri, and will discontinue PCB manufacturing for third parties, effective July 31.
Its interconnect business base is declining, and the plant is currently operating at about 25% capacity, the company said in a statement.
The factory produced backplanes and printed circuit boards.
PHOENIX – EMS provider Suntron Corporation reported net sales of $65.2 million and an operating loss of $1.2 million for the first quarter of 2007.
Gross profit for the first quarter was $3.5 million (5.3% of net sales), a decrease of $4.5 million compared to $8 million (8.4% of net sales) year-over-year.
Net sales in the first quarter last year were $95.8 million. This reflected a one-time increase in sales from an industrial customer and strong demand from semiconductor equipment customers.
PALO ALTO, CA – HP announced net revenue of $25.5 billion for its second fiscal quarter ended Apr. 30, representing 13% growth year-over-year.
For the quarter, year-over-year, revenue in the Americas grew 11% to $10.7 billion; revenue in Europe, the Middle East and Africa grew 14% to $10.3 billion, and revenue in Asia Pacific grew 16% to $4.5 billion.
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