The U.S. Department of Commerce plans on submitting comments and encourages affected companies to do the same, said Bob Straetz of the Commerce Department's Office of the European Union. "Anyone who has to meet CE mark requirements on a regular basis might be interested in seeing this report. The last five pages of the 51-page document discuss possible revisions to the CE mark program. "
Comments are due July 26.
In a press statement, David Intson, Siemens Canada sales manager for the Electronics Assembly Systems division, said, “This new relationship will provide Siemens with enhanced customer access to the Canadian electronics industry. While Northtouch/Comtree have been highly successful for many years in providing advanced SMT assembly solutions to the Canadian market; Siemens has been very successful in penetrating new accounts with leading edge SMT placement solutions for NPI, high-mix and high-volume applications. The joining of these organizations will result in enhanced customer focus and continued growth of SMT placement solutions for the Canadian market.”
Siemens Energy and Automation Inc. represents Siemens Automation and Drives (A&D) in the U.S. Its parent company, Siemens AG, is one of the largest global electronics and engineering companies with reported worldwide sales of $96 billion in fiscal 2005. Siemens has sales of $18.8 billion and employs approximately 70,000 people in the U.S.
Opto-Control’s inspection systems are fully automated and use 3-D sensor to detect solder or placement defects. The newly expanded Siplace portfolio combines these AOI systems from Opto-Control with Siemens SMT placement machines, enabling customers to better implement the high process reliability requirements of electronics manufacturing, the company said.
The Opto-Control business will be integrated into the Optical Solutions (OI) unit of Siemens’ Electronics Assembly Systems division. Siemens said it wants to significantly expand its system with fully automated 3-D inspection systems in the future.
Iehab J. Hawatmeh, CirTran's founder, president and CEO, said that the company is projecting sales of approximately $2.2 million for the period ended June 30, up from $1.7 million for the first quarter.
Fourth quarter revenues increased 52% to $34.5 million.
President and chief executive Gary R. Fairhead said, "Although we remained profitable in fiscal 2006, we were disappointed that our profits this year declined in comparison to the prior three-years' results. While the acquisition of Able Electronics in July of 2005 negatively impacted our fiscal 2006 results, we believe Able will strengthen our long-term position by diversifying our customer base, growing our international footprint and improving our operations."
During fiscal 2006, sales increased in industrial electronics, life sciences, semiconductor and appliances, primarily due to sales to new customers as a result of the Able acquisition. The increase in sales was partially offset by price reductions, and the company expects pricing pressures will continue in fiscal 2007. Sales in the gaming industry decreased during the year mainly due to the sale of the company's Las Vegas operation, in May 2005.
Selling and administrative expenses for the periods ended April
30, 2006 and 2005 were $10.9 million and $10.1 million, respectively.
In fiscal 2006, selling and administrative expenses represented 8.8%
of net sales compared to 10.7% of net sales in fiscal
2005.
Each of the company's operations is now certified to produce RoHS-compliant assemblies.
Fairhead said revenue grew at its Elk Grove Village site, and the company will study possible expansion of its Acuna, Mexico, location
(already the firm's largest). The firm's Tijuana, Mexico, location was not profitable in
fiscal 2006, but SigmaTron has added staff, increased operational space and is in the process of relocating several customers to that facility.
Sanmina said that excluding one-time items, it expects earnings of six to seven cents a share, down from previous guidance of eight to 10 cents.
The EMS provider blamed the shortfall on a less favorable product mix, less-than-expected profitability in computing, and slower than anticipated improvement in the enclosures.
Strength in communications infrastructure products is being offset by soft sales in military/aerospace and computing, wrote Deutsche Bank analyst Carter Shoop in a research note.
Chairman and chief executive Jure Sola said, "While we are disappointed that our financial results for the fiscal third quarter fell short of our expectations, we believe we have taken the steps necessary to improve on our execution. The market conditions continue to improve and we feel that our short and long-term business model remains intact."
The company also cited poor execution at its Asia PCB plants and restructuring inefficiencies at its facility in Toledo, Spain.
Absolute inventory dollars rose sequentially despite previous expectations of a decline. Shoop estimates third-quarter inventory turns fell from 8.6 times in the second quarter.
On a conference call, Sanmina management said that the fourth quarter will be "hopefully a little bit” better sequentially.
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