News
DANDERYD, SWEDEN – Note AB reported December quarter sales dropped 9.6% to $49.4 million. The operating loss was $5.7 million, and the operating margin was -11.6%.
For the quarter, the EBIT loss after one-time items was $6 million, and the after-tax loss was $4.4 million.
For 2008, the EMS company reported sales of $203.5 million, down 1.8% from a year ago. The operating loss was $452,000, down from a profit of $13.3 million. The operating loss includes restructuring-related costs of $9.5 million during the year. The operating margin amounted to -0.2%.
For the year, the EBIT loss was $1.71 million, down from a profit of $12.4 million. For the year, the loss after one-time items was $1.6 million, and the after-tax loss was SEK $4.4 million. Cash flow from operations was $3 million.
The company is cutting its Swedish labor force by 400, or just over 50%, mostly in the first half of 2009. Worldwide, Note employs more than 1200 staff.
The company is a worldwide Top 50 EMS company, according to Circuits Assembly.
WASHINGTON, DC – Intel today announced plans to spend $7 billion over the next two years to build advanced manufacturing facilities in the US. The investment funds deployment of Intel's 32nm manufacturing technology and represents Intel's largest-ever investment for a new manufacturing process.
MELVILLE, NY -- Arrow Electronics reported fourth-quarter net income fell 62% year-over-year to $43.2 million on a 7.5% drop in revenue to $4.09 billion.
Excluding the company's acquisition of Logix, revenue would have falled 12%.
The company guided for first-quarter revenue of $3 billion to $3.6 billion.
In a statement, chairman and chief executive William E. Mitchell said, "We expect the marketplace to continue to be unsettled and that visibility will remain limited most likely through 2009."
SANTA CLARA, CA – Agilent Technologies plans to exit the electronics inspection systems business by the end of March, the company announced today. The company deferred comment on the number of persons affected or potential financial charges.
This results will be used to help iNEMI improve test implementation and coverage for electronics products, the organization said. iNEMI encourages the global supply chain to participate in the online survey.
“We want to hear about people’s experiences with boundary scan,” said Steve Butkovich, structural test manager for Cisco and co-chair of the iNEMI Boundary Scan Adoption Project. “We’re looking for input from the people who would use boundary scan, such as PCB designers, test engineers, engineering managers or design-for-test consultants, and from IC designers who would integrate boundary scan into their products. If they use boundary scan, we want to know how well it works – or doesn’t work; and if they do not use it, we would like to know why not.
The survey is available through the end of February at inemi.org/boundary_scan_survey.
