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HIALEAH, FL -- Electronics contract manufacturer Simclar Inc. expects June quarter net income of $790,000 on sales of $30.5 million, compared to net income of $510,000 and sales of $21.8 million for the March quarter.
The company will restate its 2005 and March quarter 2006 financials due to accounting errors in the company's Mexico subsidiary during 2005.
The company will restate its 2005 and March quarter 2006 financials due to accounting errors in the company's Mexico subsidiary during 2005.
ARMONK, NY -- IBM Corp. last week issued layoff notices to about 400 employees of its hardware development division. The company downsized staff in Austin, TX; Burlington, VT; San Jose; Raleigh, NC; and Rochester, MN.
Employees have 30 days to secure another job within the company, according to a spokesman.
Employees have 30 days to secure another job within the company, according to a spokesman.
TORTOLA, BRITISH VIRGIN ISLANDS --
The CEO and president of EMS provider Bonso Electronics International retired, effective Oct. 1.
Chairman Anthony So has taken over as president and CEO from George O'Leary, who was with Bonso for 15 years.
Chairman Anthony So has taken over as president and CEO from George O'Leary, who was with Bonso for 15 years.
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