News
HONG KONG -- Surface Mount Technology Holdings reported June quarter revenue of HK$435.3 million ($56.2 million), down 49.8% year-over-year, on slower demand.
SCOTTSDALE, AZ – Aggregate sales of the 20 largest semiconductor companies rose 21% sequentially, says IC Insights, on strong inventory replenishment.
That’s up 37 points from the first-quarter sequential results.
The research firm said inventory cutbacks reversed their trend of the previous two quarters, and seasonal demand for electronics will drive third-quarter semiconductor sales up at least another 8%.
The firm reiterated its forecast of a 17% decline for 2009.
NEWARK, NY -- The comeback at IEC Electronics continued in its third quarter as the EMS company reported net earnings rose 4% on a 45% jump in revenues.
SAN JOSE -- Flextronics' chief executive clarified earlier reports pegging the EMS company's target revenue from notebook PCs at $3.5 billion by fiscal 2011.
NEENAH, WI – Plexus Corp. today announced fiscal third-quarter revenue of $379 million, down nearly 17% year-over-year.
SAN JOSE – Flextronics today reported a fiscal first-quarter loss of $154 million on a 31% year-over-year revenue drop to $5.78 billion.
The results pale against last year, when the company reported $8.35 billion in revenue and $110 million in profits.
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