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ROCHESTER, MN -- Pemstar Inc.'s June quarter revenue rose 1.3% to $212.5 million, and net income jumped to $4.8 million, compared to a net loss of $17.6 million a year ago.

The June quarter period includes a one-time gain of $2.5 million related to the reversal of previous restructuring provisions.

President and COO Roy Bauer said, "We are still doing a little bit more realigning of our portfolio. We are considering, as previously disclosed, strategic alternatives for our Tianjin, China, operations. We see optimism in our medical, computing and data storage and industrial businesses for the second half of the year."

For the quarter, industrial sales accounted for 38.4% of net sales, computing and data storage was 23.5%, communications was 36.2% and medical was 1.9%.

Accounts receivable at June 30 was $125.5 million with days sales outstanding of 53 compared with $121.1 million in accounts receivable with DSO of 56 at March 31.

Net inventories were up nearly $10 million, to $64.2 million, and inventory turns dropped 0.9 turns to 12.4 times. Cash cycle was 31 days, down from 40 days in the March quarter.

Jefferies Broadview was retained to explore possible partnerships or a sale of the Tianjin, China operations. Pemstar said it seeks to reduce its consumer business and focus on more profitable markets like medical, industrial, instrumentation, military/aerospace and process equipment.

For the September quarter, Pemstar expects net sales of $200 million to $220 million.

NEW YORK -- The world market for SMT screen printers will grow from $190.2 million in 2005 to $366.4 million in 2012, a research firm said today. Sales of glue dispensers will grow from $26.3 million in 2005 to $42.1 million in 2012, said Frost & Sullivan.

EL SEGUNDO, CA — Illustrating the increasing domination of Asian producers in the global mobile-PC market, a whopping 82.6% of notebook computers in 2005 were manufactured by contract manufacturers mainly in the Greater Shanghai area, according to research firm iSuppli Corp.

Worldwide mobile PC production in 2005 amounted to 61.9 million units, and will grow at a compound annual growth rate of 17.9% to reach 141.4 million units in 2010, iSuppli predicts.

In 2005, 82.6% of this production, or 51.2 million units, was outsourced by PC OEMs to contract manufacturers. By 2010, the portion of outsourced PC production will rise to 92.5%, or 130.8 million units.