caLogo

News

TORTOLA, BRITISH VIRGIN ISLANDS -- Bonso Electronics International, a maker of sensor and communications products, reported net sales rose 29.7% to $20.7 million for the three month period ended Sept. 30. Net income rose 98% to $483,000 during that time.

Prices for oil, raw material and labor cut the gross profit margin from 19.7% to 18.9% in the quarter.

PHOENIX -- Electronics manufacturing solutions provider Suntron Corp. today reported an operating loss of $2.6 million on net sales of $70.6 million for its third quarter. The net loss increased $2.2 million to $3.7 million.

The results include $1.2 million of professional fees related to outstanding litigation and $1.1 million of restructuring charges related to severance, retention and lease exit costs tied to the closure of two U.S. manufacturing operations.
Read more ...
TORONTO -- Celestica Inc. will form a joint venture with IT services provider HCL Technologies Ltd. to provide concept-to-manufacturing solutions.

The companies said the JV will integrate the supply chain including product concept, design, engineering, manufacturing, fulfillment, sustaining engineering, reverse logistics and after-market services.

Celestica and HCL have had a three-year relationship during which they have supplied integrated solutions to telecom, enterprise, consumer, medical, aerospace and semiconductor customers. HCL's software is in use in Celestica's Solutions Accelerator platforms for server blades, WiMAX, ATCA and storage equipment.

"Our customers are increasingly being challenged to compress their concept-to-manufacturing schedule," said Dave Tiley, Senior Vice President, Global Services, Celestica. "This exciting joint venture between two world-class companies creates a highly integrated, flexible offering that enables OEMs to focus on IP generation while Celestica and HCL focus on time-to-market and total cost of ownership."

PALO ALTO, CA -- H-P will license its photo-enhancing technology to Flextronics for use in camera-equipped cellphones. The deal is for five years; the companies did not diclose the royalty fees or other aspects of the agreement.

According to H-P, Flextronics will license the software for camera modules that capture images at 3 MP and above,. That segment is forecast to make up five to 13% of the more than 600 million camera phones expected to be shipped next year.

It is not clear whether the deal is exclusive to Flextronics .

"Flextronics is the ideal partner to harness the capabilities of H-P's digital-imaging technology to open new markets," H-P imaging and printer group vice president Tara Bunch said in a statement. "The agreement is a breakthrough for the booming camera-phone market because it will transform photos into higher-quality images and keepsakes to share and print."

In licensing the technology, H-P's goal is that more users will print the images -- ideally using H-P printers, ink and paper stock.
HIALEAH, FL -- EMS provider Simclar Inc. reported September quarter revenue of $30,653,658, up 85% from 2005. Net income was $617,868, up from $241,611. A portion of the growth was came from acquisitions.

Pretax income was $1 million, up from $396,084 last year.

VANCOUVER -- Northstar Electronics, a electronics contractor and OEM of sonar technologies, today reported third-quarter revenues climbed up 87% to $413,132, while the net loss from operations narrowed to $161,514.

Northstar CEO Dr. said, "We have taken measures to reduce salary and overhead expenses. These measures along with increased revenues have helped reduce the loss in the quarter to approximately 40% of the loss in the third quarter of 2005.

"During the quarter, we made good progress in our efforts to secure new contracts in defense and Homeland Security and anticipate concrete results shortly in several areas."

In the quarter, the company continued work on a Lockheed Martin contract for command and control consoles for submarines, on an a digital receiver for wireless underwater products, and on a sonar system for fisheries research.


Page 2128 of 2495

Don't have an account yet? Register Now!

Sign in to your account