News
NEW YORK -- Banc of America
Securities says EMS demand should pick up in the second half as customers exhaust their budgets ahead of the next fiscal year.
"We still expect a second-half seasonal pick-up in demand due to corporate 'budget flush' and consumer holiday spending," said Banc of America. "On a year-over-year basis, we see mid-to-high single-digit growth in IT spending."
The analyst rated Flextronics and Benchmark as its best buys, while noting problems at Solectron and Sanmina-SCI.
"We still expect a second-half seasonal pick-up in demand due to corporate 'budget flush' and consumer holiday spending," said Banc of America. "On a year-over-year basis, we see mid-to-high single-digit growth in IT spending."
The analyst rated Flextronics and Benchmark as its best buys, while noting problems at Solectron and Sanmina-SCI.
HONG KONG -- Foxconn International reported first-half net earnings of $146.9 million, up 66% from $88.3 million last year. For the six months ended June 30, the ODM posted revenue of $2.35 billion, up from $1.29 billion a year ago.
Torrance, CA – Excellon Automation has opened its new
corporate offices and North American production facility in Rancho
Dominguez, CA. The relocation efforts will be completed by mid-October.
“Our current facility is outdated and no longer supports our North American production needs or provides the necessary capabilities for our world headquarters operations, “ said David Balsbough, president. “With our increased emphasis on customer support and technology leadership we need a facility that supports these objectives while providing efficient and flexible operating capabilities.”
“Our current facility is outdated and no longer supports our North American production needs or provides the necessary capabilities for our world headquarters operations, “ said David Balsbough, president. “With our increased emphasis on customer support and technology leadership we need a facility that supports these objectives while providing efficient and flexible operating capabilities.”
