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ST. PETERSBURG, FL -- Jabil Circuit Inc. on Wednesday reported a 50% jump in profit for its fiscal second quarter.

For quarter ended Feb. 28, the EMS provider reported profits of $69 million on a 35% spike in revenue, to $2.3 billion.  Read more ...

SEATTLE -- Microsoft will increase supplies of its Xbox 360 games console to retailers by two to three times, beginning this week.

The company, which due to component shortages has struggled with production of the popular device, has lowered its target to 4.5 million to 5.5 million units to be shipped by June.

The component situation has been resolved, the company said.

Microsoft outsources production of the consoles to Wistron, Flextronics and Celestica.

SAN JOSE -- Verigy Pte. Ltd., the ATE branch of Agilent which is on track to be spun off,  will outsource its manufacturing to Flextronics beginning later this year.

The plan was detailed in a S-1 filing required as part of Verigy's proposed initial public offering.
Read more ...

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