HIALEAH, FL -- Electronics contract manufacturer Simclar Inc. expects June quarter net income of $790,000 on sales of $30.5 million, compared to net income of $510,000 and sales of $21.8 million for the March quarter.
The company will restate its 2005 and March quarter 2006 financials due to accounting errors in the company's Mexico subsidiary during 2005.
The company will restate its 2005 and March quarter 2006 financials due to accounting errors in the company's Mexico subsidiary during 2005.
ARMONK, NY -- IBM Corp. last week issued layoff notices to about 400 employees of its hardware development division. The company downsized staff in Austin, TX; Burlington, VT; San Jose; Raleigh, NC; and Rochester, MN.
Employees have 30 days to secure another job within the company, according to a spokesman.
Employees have 30 days to secure another job within the company, according to a spokesman.
TORTOLA, BRITISH VIRGIN ISLANDS --
The CEO and president of EMS provider Bonso Electronics International retired, effective Oct. 1.
Chairman Anthony So has taken over as president and CEO from George O'Leary, who was with Bonso for 15 years.
Chairman Anthony So has taken over as president and CEO from George O'Leary, who was with Bonso for 15 years.
THIEF RIVER FALLS, MN – Digi-Key has signed an agreement to globally distribute the power transducers and other components from CR Magnetics.
CR Magnetics manufactures current, voltage, power and frequency transducers, relays, current transformers, hall effect sensors and other devices.
Separately, Digi-Key announced its distribution agreement with Winbond would be extended to include Europe.
Winbond supplies various semiconductors.
Digi-Key distributes electronic components and currently ships product to more than 140 countries.
CR Magnetics manufactures current, voltage, power and frequency transducers, relays, current transformers, hall effect sensors and other devices.
Separately, Digi-Key announced its distribution agreement with Winbond would be extended to include Europe.
Winbond supplies various semiconductors.
Digi-Key distributes electronic components and currently ships product to more than 140 countries.
MILPITAS, CA -- Electronics
manufacturing services provider Solectron Corp. will cut 1,400 jobs -- about 2.5% of its workforce -- and close or consolidate roughly 11% of its square
footage in Western Europe. The firm will take restructuring charges of $50 million to $60 million for the job cuts, which would be spread over the next 12 months.
MINNEAPOLIS – The SMTA is seeking papers for the 4th annual Medical Electronics Symposium, to be held May 1 to 3.
The mini-conference will be held at the Sheraton Hotel in Bloomington, MN.
The symposium will focus on medical electronics and device applications. The technical committee is soliciting abstracts and papers from the medical community on current electronics practices, technology and applications. Abstracts and presentations must be noncommercial and emphasize medical technology, not branded products.
Abstracts are due to Melissa Serres, conference coordinator, at melissa@smta.org by Dec. 1. Papers are due March 30, 2007.
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