News
LOUISVILLE — Sypris Solutions today lowered its 2007 guidance, citing a $10 million shortfall in revenue from its Industrial division.
In an SEC filing, the EMS firm said it expects to lose 10 to 12 cents per share this year, compared with previous guidance of a 5 cent loss or flat earnings.
The company forecast 2007 revenue of $425 million to $430 million, compared with previous guidance of $435 million to $440 million.
For 2008, Sypris expects to return to profitability on revenue of $460 million to $480 million.
In an SEC filing, the EMS firm said it expects to lose 10 to 12 cents per share this year, compared with previous guidance of a 5 cent loss or flat earnings.
The company forecast 2007 revenue of $425 million to $430 million, compared with previous guidance of $435 million to $440 million.
For 2008, Sypris expects to return to profitability on revenue of $460 million to $480 million.
ST. PETERSBURG, FL – Jabil yesterday said it expects fiscal second-quarter revenues to fall $250 million to $350 million, to $3 billion to $3.1 billion, on seasonality in consumer demand.
SAN JOSE – North American manufacturers of semiconductor equipment posted $1.15 billion in orders in November and a book-to-bill ratio of 0.82, according to SEMI.
The three-month average of worldwide bookings was about 2% less than October and about 19% less than last year.
The three-month average of worldwide billings was $1.39 billion, about 6% less than October and down about 6% year-over-year.
"November orders are 19% below one year ago, and at levels last reported in late 2005,” said Stanley T. Myers, president and CEO of SEMI. “Semiconductor manufacturers have added a tremendous amount of 300-mm capacity over the past year. This, combined with the overall booking trends, indicates that investments will slow in the near-term, which is consistent with concerns about the economy as a whole.”
The three-month average of worldwide bookings was about 2% less than October and about 19% less than last year.
The three-month average of worldwide billings was $1.39 billion, about 6% less than October and down about 6% year-over-year.
"November orders are 19% below one year ago, and at levels last reported in late 2005,” said Stanley T. Myers, president and CEO of SEMI. “Semiconductor manufacturers have added a tremendous amount of 300-mm capacity over the past year. This, combined with the overall booking trends, indicates that investments will slow in the near-term, which is consistent with concerns about the economy as a whole.”
EL SEGUNDO, CA -- A leading research firm today lowered its outlook for electronics equipment, although the revised growth remains solid for 2008.
BANGKOK – EMS provider Fabrinet has completed construction of a 300,000 sq. ft. addition to its Pinehurst optical manufacturing complex near Bangkok, and has commenced operations there.
PARIS – ASTEEL will acquire Flash Electronics in an all-stock deal, forming an EMS company with some $750 million in annual sales, the companies announced today.
SANTA ANA, CA – Christopher Associates announced delivery of its 100th Koh Young solder paste inspection system in North America.
The equipment was sent to a supplier of embedded computing systems in Huntsville, AL.
Christopher began selling the Koh Young product line in the U.S. in May 2005.
There are now more than 450 Koh Young systems installed worldwide.
The equipment was sent to a supplier of embedded computing systems in Huntsville, AL.
Christopher began selling the Koh Young product line in the U.S. in May 2005.
There are now more than 450 Koh Young systems installed worldwide.
YAVNE, ISRAEL – Digitaltest will integrate its design-to-test software with Valor Computerized Systems’ process engineering software, the companies said today.
In a press release, the companies said Digitaltest’s C-LINK tool will be built into Valor’s vPlan software.
The integration is said to deliver a manufacturing process definition to the production floor through a lean dataflow, and automatically generate machine-specific libraries on demand.
In a press release, the companies said Digitaltest’s C-LINK tool will be built into Valor’s vPlan software.
The integration is said to deliver a manufacturing process definition to the production floor through a lean dataflow, and automatically generate machine-specific libraries on demand.
ATLANTA – The 12th annual Atlanta SMTA Expo returns to the Gwinnett Civic Center in Duluth, GA, on April 17.
This free, one-day event will feature electronics assembly suppliers displaying products and services, as well free technical presentations.
The event includes networking opportunities such as free lunch on the show floor for pre-registrants.
For more information, visit http://www.smta.org/education/vendor_days/vendor_days.cfm.
This free, one-day event will feature electronics assembly suppliers displaying products and services, as well free technical presentations.
The event includes networking opportunities such as free lunch on the show floor for pre-registrants.
For more information, visit http://www.smta.org/education/vendor_days/vendor_days.cfm.
WESTLAKE, OH – Nordson Corp., parent company to Asymtek, EFD, Dage and YesTech, reported record fourth quarter sales of $290.8 million, a 20.4% increase year-over-year.
PAOLI, PA – Ametek Inc. has acquired privately held California Instruments Corp. Terms of the agreement were not disclosed.
California Instruments provides programmable alternating current power sources used for testing. The company has annual sales of approximately $22 million.
Ametek manufactures electronic instruments and electromechanical devices globally, with annual sales of $2 billion.
California Instruments provides programmable alternating current power sources used for testing. The company has annual sales of approximately $22 million.
Ametek manufactures electronic instruments and electromechanical devices globally, with annual sales of $2 billion.
OAK BROOK, IL – A coterie of leading semiconductor experts today said looming market concerns over higher oil prices, the U.S. mortgage crisis and fears of a possible recession make the outlook for consumer spending a cautious one. The market is slipping slowly, the panel said, but there is hesitant optimism for overall growth.
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