News
TORONTO -- Electronics manufacturing services provider SMTC Corp. reported third-quarter net income of $6.1 million on revenue of $65.7 million for its third quarter ended Oct. 1, aided by $5 million in gains from one-time items. Last year, the company had earnings of $700,000 on sales of $64.6 million. Sequentially, net income was $1.3 million on $61.1 million in sales.
MILPITAS, CA -- Solectron expects to meet or exceed its previous first-quarter revenue guidance of $2.6 billion to $2.8 billion. The EMS firm maintained its first-quarter earnings of 4 to 6 cents per share.
The announcement came despite a delay in implementation of a new supply chain management program with Cisco Systems.
The announcement came despite a delay in implementation of a new supply chain management program with Cisco Systems.
SAN JOSE -- Electronics manufacturing services
company Suntron Corp. has reached a
confidential settlement with Applied Materials, the company said. Applied agreed to
pay Suntron an undisclosed sum in exchange for certain
Suntron inventory.
The companies also ended their other claims.
Suntron sued Applied in 2004, seeking damages related to more than $18 million in unused and obsolete inventory it had acquired to meet expected future demand from Applied.
In May, Suntron said that the Texas Supreme Court had cleared its litigation against Applied.
