BANGKOK – Fabrinet reported third-quarter fiscal 2012 revenue of $139 million, down 28.7% year-over-year.
MINNEAPOLIS – HEI reported first-quarter sales of $9.1 million, down 6.2% year-over-year.
The firm generated a net loss of $157,000 for the period, compared to net income of $185,000 in the first quarter of 2011.
“Our first-quarter results were negatively impacted by a design contract postponed until late in 2012 by one of our customers in our Boulder operation, which generated an unexpected loss for the Boulder division,” said CEO Mark B. Thomas.
“For our Victoria operation, we succeeded in securing two contracts in April that we have been working on for the past three years, providing components to two government contractors in support of the Joint Tactical Radio Systems or JTRS program for the US military.”
HEI designs and manufactures microelectronics, substrates and software solutions.
SUZHOU, CHINA -- Panasonic Factory Solutions Suzhou has begun operations at its new 376,000 sq. ft. factory here, where it will build SMT placement equipment and peripherals.
LAGUNA, PHILIPPINES – Integrated Micro-Electronics Inc. reported net income rose 128% year-over-year to $853,900 on regional improvements and lower operating expenses.
HELSINKI -- Scanfil EMS Oy reported net profits of EUR 1.2 million ($1.57 million) despite weak demand for telecommunications, offset in part by strong demand for professional electronics products.
