News
MELVILLE, NY -- Nu Horizons Electronics, a distributor of electronics components, reported net sales rose to
$147.5 million from $116.2 million for the quarter ended Nov. 30, 2005. Net income was $1.5 million vs. $585,000 last year.
Sequentially, net sales rose 15% to $19.3 million, and net income almost doubled to $1.5 million.
Year-to-date, net sales were up12.3% to $397.2 million, from $353.6 million last year. Net income was down $100,000, to $2.8 million.
Sequentially, net sales rose 15% to $19.3 million, and net income almost doubled to $1.5 million.
Year-to-date, net sales were up12.3% to $397.2 million, from $353.6 million last year. Net income was down $100,000, to $2.8 million.
In a press statement, chairman and chief executive Arthur Nadata said, "The third quarter was a very exciting and busy period for us.
New additions to our line card, combined with the expansion of certain
partnerships, enabled our sales force to penetrate into new markets
and provide enhanced system solutions for customers."
Nu Horizons added 100 sales and engineering
staff during the quarter, he said.
VANCOUVER -- EMS firm Nam Tai Electronics Inc. today promoted Patinda Lei to chief executive and chief financial officer. Lei, 39, was chairman of Zastron Precision-Tech, a wholly owned subsidiary of Nam Tai.
Former CEO and CFO Joseph Li has been named vice chairman of J.I.C. Technology Co. Ltd., another subsidiary.
Former CEO and CFO Joseph Li has been named vice chairman of J.I.C. Technology Co. Ltd., another subsidiary.
San Diego, CA – FocalSpot has expanded its corporate office and manufacturing facilities, doubling its presence in the Scripps Ranch area of San Diego. The expansion will accommodate growing production demands for its BGA/SMT inspection and rework solutions.
Construction is expected to be completed this month. Facilities will include: administrative operations, demonstration and training rooms, manufacturing, assembly, equipment/parts warehousing and an applications/prototype lab.
Construction is expected to be completed this month. Facilities will include: administrative operations, demonstration and training rooms, manufacturing, assembly, equipment/parts warehousing and an applications/prototype lab.
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