News
Net profit fell 18%, to $1 million, for the quarter ended July 31.
During the quarter the company ramped production in China. In a press release, president and CEO Gary Fairhead said near-term results "will be negatively impacted by investment in China." He said China should show positive operating results in fiscal 2005.
Las Vegas operations were slow which the company attributed to normal seasonality. Mexico operations were busy, and Fairhead said the company has seen "renewed interest in Mexico as opposed to China."
Solectron, which owned 23.5% of ECS, sold the remaining 2.15% to an undiclosed group.
ECS officials said the deal shouldn't have negative repercussions for ECS, which doesn't distribute Solectron products.
In a press statement issued jointly by ECS and ST Electronics, the companies said the investment isn't expected to have a material impact on earnings in 2004.
ST Electronics designs and develops electronics systems mainly for industrial use. ECS provides IT services and sells software and hardware.
Kester (kester.com) will hold a lead-free mini-clinic at its booth during the ATE Show in Chicago on Sept. 28-30. Peter Biocca, senior market development engineer for lead-free implementation, and Gary Nicholls, Kester University administrator, will be on hand to answer future lead-free users' questions.
Kester's line of lead-free products will be on exhibit, and information on the Kester University lead-free training program will also be available.
Visitors are encouraged to bring their boards, components or soldered assemblies to discuss lead-free transition issues.
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