News
SAN JOSE -- Troubles continued at EMS firm Sanmina-SCI which this week concluded that its financial statements for the fiscal periods from September 2002 through April 2006 will be restated. The firm will take material charges for problems stemming from past stock option grants.
The company had previously disclosed a special special committee of its board to review matters related to stock option policies and practices dating to Jan. 1, 1997.
The company had previously disclosed a special special committee of its board to review matters related to stock option policies and practices dating to Jan. 1, 1997.
IRVING, TX – EMS firm Elcoteq will take over supply-chain management for Andrew Corp.'s filter business in Europe, a deal worth an estimated $100 million in net sales next year, Elcoteq said. Elcoteq will also pay $12 million for Andrew's manufacturing unit in Arad, Romania.
OTTAWA, IL – B&B Electronics, a provider of automation and communications products, has acquired Advanced Embedded Systems, a designer and developer of wireless solutions for the industrial market. Other terms were not disclosed.
AES will become part of B&B's engineering and technical group in Ottawa, IL. The acquisition provides B&B with in-house wireless design expertise, enhancing the company's research and development capabilities.
AES was founded in 2000 and is based in Phoenix.
AES will become part of B&B's engineering and technical group in Ottawa, IL. The acquisition provides B&B with in-house wireless design expertise, enhancing the company's research and development capabilities.
AES was founded in 2000 and is based in Phoenix.
EL SEGUNDO, CA -- Inventory at EMS providers rose 18.6% during the second quarter across a sample of publicly traded EMS companies, according to research firm iSuppli.
Circuits Assembly’s own research of 18 North American EMS firms found just two companies saw year-over-year revenues climb faster than inventories during their most recently reported quarter: SigmaTron (52.35% and 45.56%, respectively) and Winland Electronics (49.5% and 48.7%, respectively). Only one company, Suntron, actually saw stock levels drop, but revenues there fell 4%.
Circuits Assembly’s own research of 18 North American EMS firms found just two companies saw year-over-year revenues climb faster than inventories during their most recently reported quarter: SigmaTron (52.35% and 45.56%, respectively) and Winland Electronics (49.5% and 48.7%, respectively). Only one company, Suntron, actually saw stock levels drop, but revenues there fell 4%.
CUPERTINO, CA -- Apple's forthcoming iTV and refreshed line of iPod digital music players is putting the company in position to offer an integrated download and
playback platform for the home.
"We believe this represents a substantial new market opportunity and will support strong growth into 2007," said analyst Chris Whitmore of Deutsche Bank in a research note issued today.
"We believe this represents a substantial new market opportunity and will support strong growth into 2007," said analyst Chris Whitmore of Deutsche Bank in a research note issued today.
ELK GROVE VILLAGE, IL -- Electronic manufacturing services provider SigmaTron International today reported revenues rose 73% to $36.9 million during the quarter ended July 31, on demand for appliances, industrial electronics, life sciences and
gaming gear. Net income
rose 57% to $258,670 versus a year ago.
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