News
ELK GROVE VILLAGE, IL – EMS firm SigmaTron International reported fiscal 2009 first-quarter revenues of $38.5 million, down 3.3% year-over-year.
Net income was $579,324, down nearly 30% compared to the same period last year.
The company said that while backlogs have remained steady, customer inventory levels are dipping in response to uncertainty over the economy.
“While our first quarter has historically been one of our softer quarters in terms of revenue,” said Gary R. Fairhead, SigmaTron president and CEO, “I believe the drop in revenue indicates the concern our customer base has regarding the economy. As the economy slows, inventory levels are a significant concern, and I believe the lower revenues are reflective of our customers making a modest adjustment to their inventory levels for the balance of calendar 2008.”
He said that given the uncertainty regarding the economy, the second quarter revenue is expected to ramp slower and lower than in prior years.
During the quarter, SigmaTron laid off personnel at its factories in Elk Grove Village, IL, and Mexico.
Net income was $579,324, down nearly 30% compared to the same period last year.
The company said that while backlogs have remained steady, customer inventory levels are dipping in response to uncertainty over the economy.
“While our first quarter has historically been one of our softer quarters in terms of revenue,” said Gary R. Fairhead, SigmaTron president and CEO, “I believe the drop in revenue indicates the concern our customer base has regarding the economy. As the economy slows, inventory levels are a significant concern, and I believe the lower revenues are reflective of our customers making a modest adjustment to their inventory levels for the balance of calendar 2008.”
He said that given the uncertainty regarding the economy, the second quarter revenue is expected to ramp slower and lower than in prior years.
During the quarter, SigmaTron laid off personnel at its factories in Elk Grove Village, IL, and Mexico.
THIEF RIVER FALLS, MN – Component distributor Digi-Key Corp. will distribute Altium’s Desktop NanoBoard, including a 12-month timed Altium Designer License.
Digi-Key also plans to carry Altium’s NanoBoard plug-in peripheral and FPGA daughter boards.
The Altium products are available for purchase directly from Digi-Key.
No financial terms concerning this agreement were disclosed.
Digi-Key also plans to carry Altium’s NanoBoard plug-in peripheral and FPGA daughter boards.
The Altium products are available for purchase directly from Digi-Key.
No financial terms concerning this agreement were disclosed.
SAN JOSE –Texas Instruments VP of emerging medical applications Doug Rasor will keynote the upcoming Medical Electronics symposium: Technology Concepts Enabling Product Reality.
His talk, How Technology will Revolutionize Healthcare in the 21st Century and Beyond, will highlight the third annual MicroElectronics Packaging and Test Engineering Council event.
The event takes place Sept. 25 at Arizona State University in Tempe.
Other sessions will include Revolutionary Concepts in Medical Electronics; Advanced Materials for Medical Electronics; Key Enabling Technologies, and Next Generation of Bio-Medical Systems.
For more information and to register, contact bcooper@meptec.org or visit www.meptec.org.
His talk, How Technology will Revolutionize Healthcare in the 21st Century and Beyond, will highlight the third annual MicroElectronics Packaging and Test Engineering Council event.
The event takes place Sept. 25 at Arizona State University in Tempe.
Other sessions will include Revolutionary Concepts in Medical Electronics; Advanced Materials for Medical Electronics; Key Enabling Technologies, and Next Generation of Bio-Medical Systems.
For more information and to register, contact bcooper@meptec.org or visit www.meptec.org.
SMYRNA, GA – The PCB West 2008 two-day exhibition will be held Sept. 16 – 17 at the Santa Clara Marriott in Santa Clara, CA.
The exhibition features a sold-out show floor of 46 exhibiting companies for the PCB design industry. Exhibitors include Advanced Assembly, Applied Spectra, Dassault Systemes, Elgris Technologies, EMA Design Automation, Intercept Technology, IPC, JetPCB, National Instruments, Sigrity, Taconic, T-Tech, Valor Computerized Systems, X2y Attenuators, and others.
PCB West is for PCB engineers, designers, fabricators and managers and includes a five-day conference of more than 35 technical courses.
For more information, visit www.pcbwest.com.
TAIPEI – Compal Electronics today lowered its annual sales guidance by 9 to 13%, citing slowing US and European demand. The company, the world's second largest contract assembler of laptops, expects to ship 28 million to 29 million units this year, down from a previous forecast of 32 million. The company also forecast third-quarter shipments would grow 15% sequentially, down from earlier guidance of 20%.
BANNOCKBURN, IL – A new standard for testing and identifying the worst-case thermal process limitations for all electronic components that may be processed as part of a assembly was released today.
J-STD-075, Classification of Non-IC Electronic Components for Assembly Processes, covers passives, connectors, switches and other devices. The standard was developed jointly by IPC, JEDEC and ECA (Electronic Components Association).
J-STD-075, Classification of Non-IC Electronic Components for Assembly Processes, covers passives, connectors, switches and other devices. The standard was developed jointly by IPC, JEDEC and ECA (Electronic Components Association).
ESPOO, FINLAND – Elcoteq SE has closed on a deal to purchase Philips' flat panel TV assembly operations in Juarez, Mexico. Under terms of the deal, Elcoteq will pay $32 million in cash for certain fixed assets and inventories. The 740 local Philips personnel will become employees of Elcoteq.
WASHINGTON – While enactment of the RoHS Directive made waves, what’s been less visible is enforcement. This week, Fern Abrams, IPC’s director of government relations and environmental policy, discussed the association’s role with regard to RoHS and other looming “green” issues.
VANCOUVER – Creation Technologies today acquired Circuit Service Inc. and its Chinese subsidiary, Changzhou CSI Ltd. (CCSI) of Changzhou, China.
The acquisition marks the first foray for the EMS provider into Asia. No financial details were disclosed.
JASPER, IN – Kimball Electronics on Aug. 31 acquired Genesis Electronics Manufacturing for an undisclosed sum.
Genesis, an EMS provider based in Tampa, FL, has annual revenues of about $17 million and operates from a 50,000 sq. ft. facility formerly owned by Jabil.
Genesis, an EMS provider based in Tampa, FL, has annual revenues of about $17 million and operates from a 50,000 sq. ft. facility formerly owned by Jabil.
TIJUANA, MEXICO -- Catalyst Manufacturing Services has opened a 80,000 sq. ft. facility in Tijuana, its second here, the company said.
The site features two SMT lines and 60,000 sq. ft. of manufacturing space.
The EMS company also operates an 80,000 sq. ft. plant in Tijuana, and facilities in Endicott, NY (the former Ramp Industries), and Morrisville, NC.
The site features two SMT lines and 60,000 sq. ft. of manufacturing space.
The EMS company also operates an 80,000 sq. ft. plant in Tijuana, and facilities in Endicott, NY (the former Ramp Industries), and Morrisville, NC.
STAMFORD, CT – Asia-Pacific semiconductor revenue will outperform global revenue growth of 4.6% in 2008, reaching nearly $160 billion, up 6.4% year-over-year, said Gartner Inc.
Gartner forecasts Asia-Pacific semiconductor revenue will reach more than $203 billion by 2012.
“Worldwide semiconductor revenue is set for single-digit growth over the next five years; however, selected devices in specific electronic equipment types will post much higher growth,” John Barber, research director at Gartner, said in a statement.
China’s electronics sector will continue to lead growth in the region and the global semiconductor arena, said the research firm. However, China’s electronics manufacturing industry slowed in 2006 and is forecasted to record slower growth until 2012.
