News
VANCOUVER -- Nam Tai Electronics reported second-quarter net income of $6 million on sales of $185 million, a company record for quarterly sales.
For the June quarter, the EMS provider's sales were up 25.5% year-over-year, while net income fell 92.8%. In Q2 2004, the company received a one-time gain of $71 million from the IPO of one of its subsidiaries. Gross profit was up 7% to $23.8 million.
BEIJING -- A merger of several of state-owned electronics firms will create the nation's largest electronics concern, various news outlets reported today.
China Electronics Corp. and China Great Wall Computer Group are among more than a half-dozen firms that will merge into the new comglomerate. The group received government approval earlier this week.
TORONTO – In its second acquisition in as many days, Celestica has bought CoreSim, a provider of design analysis and redesign services. The move will strengthen Celestica’s design services by adding intellectual property in the form of unique engineering tools and processes.
