News
NEENAH, WI -- Plexus Corp. reported record fiscal fourth-quarter net income of $42.6 million on a 23% hike in revenues over last year. For the quarter ended Sept. 30, the EMS firm's sales hit $396.9 million, bringing full year revenues to a record $1.46 billion, a 19% increase
over 2005.
For the quarter, net income was up 305%, including a $17.7 million gain due to tax provisions and a $500,000 loss on the adoption of "FIN 47" concerning conditional asset retirement obligations. Non-GAAP quarterly net income was $25.5 million, a company record for the fourth quarter.
For the quarter, net income was up 305%, including a $17.7 million gain due to tax provisions and a $500,000 loss on the adoption of "FIN 47" concerning conditional asset retirement obligations. Non-GAAP quarterly net income was $25.5 million, a company record for the fourth quarter.
ROCHESTER, MN -- EMS firm Pemstar Inc., in its final days as a standalone company, reported fiscal 2007 second-quarter revenue rose $1.2 million to $212.3
million from last year. Net income was
$3.2 million compared to a
net loss of $13.5
million a year
ago. The prior
year loss from continuing operations includes restructuring
and impairment
charges totaling $7.9 million.
Last month Benchmark Electronics announced it would buy Pemstar in a deal expected to close next quarter.
Last month Benchmark Electronics announced it would buy Pemstar in a deal expected to close next quarter.
WASHINGTON -- The U.S. Department of Justice's antitrust division has subpoenaed Sony's electronics unit for information on its sales of SRAM memory chips. The company expressed its full cooperation with the probe.
The move appears to be part of a growing Justice Department probe into SRAM sales. Earlier this month, Cypress Semiconductor said its SRAM operations were also under investigation.
The move appears to be part of a growing Justice Department probe into SRAM sales. Earlier this month, Cypress Semiconductor said its SRAM operations were also under investigation.
VANCOUVER -- Nam Tai Electronics today reported third-quarter sales rose 5.1% year-over-year to $218.5 million. Operating income fell 11.6% to $12.4 million, and net income plummeted 35.7% to $12.1 million for the period ended Sept. 30.
LONDON -- Schneider Electric will acquire American Power Conversion for $6.1 billion in cash, the companies said Monday. The deal has been approved by APC's board and
is expected to close in the first quarter 2007, pending APC shareholder approval.
The deal will make Schneider the world's largest provider of surge protector equipment.
"APC has always been a strategic target for Schneider. It is a reference brand in the fast-growing segment of critical power and has superb technology," Schneider chief executive Jean-Pascal Tricoire said on a conference call with analysts Monday.
APC had about $2 billion sales in 2005, and employs 7,600 workers.
The deal will make Schneider the world's largest provider of surge protector equipment.
"APC has always been a strategic target for Schneider. It is a reference brand in the fast-growing segment of critical power and has superb technology," Schneider chief executive Jean-Pascal Tricoire said on a conference call with analysts Monday.
APC had about $2 billion sales in 2005, and employs 7,600 workers.
EL SEGUNDO, CA - Voice over Internet Protocol has become a key growth driver for telecom equipment suppliers, according to iSuppli Corp. Worldwide VoIP equipment revenue will rise to $11.9 billion in 2010, a compound annual growth rate of 24.7% from $3.95 billion in 2005.
At the end of 2005, private branch exchanges accounted for 46% of VoIP equipment revenue, while infrastructure and residential gear each took a 27% share, says iSuppli. According to Steve Rago, principal analyst for networking and optical service, PBX/enterprise equipment sales will rise to $5.6 billion in 2010, a CAGR of 25.8%.
VoIP equipment revenue growth for enterprise/PBX is said to be driven by these factors:
· The need for service providers and enterprises to control capital expenditures and operating expenses.
· The introduction of new PBX features for enterprise equipment.
· The drive to networks completely based on IP.
The number of residential VoIP subscribers worldwide is expected to increase to 151.2 million by 2010, a CAGR of 57.1% from 15.8 million in 2005, iSuppli adds.
Equipment makers and telecom service providers are targeting the residential VoIP market; residential VoIP product revenues are projected to grow at a CAGR of 31.1%, rising to more than $4.1 billion in 2010, up from $1.1 billion in 2005.
At the end of 2005, private branch exchanges accounted for 46% of VoIP equipment revenue, while infrastructure and residential gear each took a 27% share, says iSuppli. According to Steve Rago, principal analyst for networking and optical service, PBX/enterprise equipment sales will rise to $5.6 billion in 2010, a CAGR of 25.8%.
VoIP equipment revenue growth for enterprise/PBX is said to be driven by these factors:
· The need for service providers and enterprises to control capital expenditures and operating expenses.
· The introduction of new PBX features for enterprise equipment.
· The drive to networks completely based on IP.
The number of residential VoIP subscribers worldwide is expected to increase to 151.2 million by 2010, a CAGR of 57.1% from 15.8 million in 2005, iSuppli adds.
Equipment makers and telecom service providers are targeting the residential VoIP market; residential VoIP product revenues are projected to grow at a CAGR of 31.1%, rising to more than $4.1 billion in 2010, up from $1.1 billion in 2005.
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