BANGKOK -- Fabrinet reported fiscal third quarter net income more than doubled to $47.7 million, up from $21.1 million a year ago. For the period ended March 28, revenue rose 7.8% from a year ago to $167.7 million.
NATICK, MA -- A US District Court jury has found in favor of Cognex in the company’s patent infringement lawsuit against Microscan Systems and Microscan's development and manufacturing partner, The Code Corp. The lawsuit filed by Cognex alleged that Microscan’s Mobile Hawk handheld imager infringed US Patent No. 7,874,487, held by Cognex.
LOUISVILLE, KY -- Sypris Solutions today said first-quarter revenue at its Electronics Group rose 16% to $8.4 million. Gross loss for the quarter was $600,000, down from breakeven in 2013, primarily reflecting a change in mix of electronics manufacturing services due to the loss of certain high margin space programs in 2013.
BILLINGSTAD, NORWAY -- Kitron yesterday named ex PartnerTech EMS head Peter Nilsson chief executive officer. Nilsson will assume the new role no later than November, and will replace Dag Songedal, who took the job on an interim basis last June.
NEENAH, WI -- Plexus chief financial officer Ginger Jones has resigned, effective immediately. The company named treasurer and vice president of finance Patrick Jermain as CFO.
GOLDEN, CO - Photo Stencil has opened an additional 35,200 sq. ft. manufacturing plant here for producing electroform and complex stencils. Full-scale manufacturing is expected to begin in the March quarter next year.
WASHINGTON — Worldwide semiconductor sales reached $78.5 billion on a 90-day moving average during the first quarter, the highest-ever first quarter mark.
MALMO, SWEDEN -- PartnerTech today named Stefan Hansson-Mutas acting president of its Electronics Technology division, effective immediately. He replaces Peter Nilsson, who is leaving the company.
JASPER, IN -- Kimball today reported net income at its EMS unit rose 6% to $6.85 million for its fiscal third quarter. Overall sales were up 3% to $310.8 million, and net income rose 96% to $7.2 million for the period ended March 31.
TORONTO -- SMTC today reported a 14% year-over-year drop in revenue, citing seasonality and severe winter weather affecting an industrial sector customer. The net loss for the March quarter was $1.1 million, an improvement over a $7.7 million loss in the fourth quarter but down from a profit of $1.17 million last year.
SAN MATEO, CA – Worldwide tablet plus 2-in-1 shipments were 50.4 million units in the first quarter of 2014, up 3.9% year-over-year, and down 35.7% sequentially, says IDC.
SAN JOSE – Flextronics reported fourth-quarter net sales were $6.7 billion, up 27% year-over-year, above previous guidance.