VELLINGE, SWEDEN -- PartnerTech today lowered its revenue and profit guidance for its fourth quarter, citing postponed or sharply decreased volumes from a number of customers. The company is instituting a series of plant consolidations and layoffs as a result.
PLAYA VISTA, CA -- Belkin will acquire the home networking business unit of Cisco for an undisclosed price, the company said today. The deal, which is expected to close in March, includes the Linksys brand of consumer-based routers.
WASHINGTON -- The US Defense Logistics Agency today issued a brief instituting DNA marking for any company that seeks to supply electronics components deemed to be high counterfeit risks.
NEVADA CITY, CA – The worldwide printed electronics market has been overhyped and inaccurately forecast for over a decade, and frequently confused with conventional semiconductor electronics manufacturing. Yet PE holds significant potential and is now starting to show real commercial promise, an industry research group says.
SAN JOSE — Flextronics today reported third-quarter net income plunged 70% to $32 million as the company took $103 million in restructuring and other one-time charges.
ZHUHAI, CHINA -- In the wake of the sale of its UK assets to TT Electronics, ACW Technology has put its Zhuhai-based EMS plant on the block.
HANGZHOU, CHINA -- It's basic, and there's no information available on how fast it works, or even what kind of base it is built on.
AUSTIN, TX – Flextronics renewed its lease here for more than 1 million sq. ft., according to published reports.
EL SEGUNDO, CA -- In spite of some recent, slightly positive, global economic news, IHS iSuppli is forecasting that any recovery in semiconductor device revenues will not start until mid-2013.
BUDAPEST -- Hungarian officials will sign a strategic cooperation agreement with Jabil Circuit, although terms have not been disclosed.
CHICAGO -- Lincoln International has published its quarterly EMS stock index and, as usual, there are several interesting nuggets to be gleaned.
TORONTO – Contract electronics manufacturer Celestica reported a fall in fourth-quarter profit, as it stopped manufacturing products for its largest customer, Research In Motion.