News
MILPITAS, CA – Solectron Corp. will purchase McDATA Corp.’s Lumberton, NJ, manufacturing operations and assets. The deal is expected to close this week.
McDATA, a provider of storage networking solutions, obtained the operations as part of the company's recent acquisition of CNT.
GREENVILLE, SC -- Kemet Corp., a provider of passive components, will cut 150 jobs, mostly in the U. S., and take a charge against earnings of $4 million in the June quarter.
The restructuring will result in annual savings of approximately $8 million, the company said.
MILPITAS, CA -- Solectron Corp., the world's fourth largest provider of electronics manufacturing services, reported a third-quarter loss of $64.1 million on sales of $2.6 billion.
For the quarter ended May 31, revenue dropped 14%. Last year the company reported net income of $21.4 million on revenues of $3.03 billion.
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