News
Santa Clara, CA -- Taking another stride in its recently launched yearlong turnaround effort, Sun Microsystems has laid off about 950 more U.S. employees, including about 430 in the Bay Area, the company confirmed Monday.
This second round of pink slips papered the computer-server and software maker's Newark campus and other sites across the U.S., with additional cuts in Canada, Europe and Asia. Sun spokeswoman Stephanie Hess said in a press release that a worldwide figure totaling the latest job cuts was not available.
This second round of pink slips papered the computer-server and software maker's Newark campus and other sites across the U.S., with additional cuts in Canada, Europe and Asia. Sun spokeswoman Stephanie Hess said in a press release that a worldwide figure totaling the latest job cuts was not available.
TORONTO – SMTC Corp. reported revenue of $61.1 million and net income of $1.3 million, or $0.09 per share, for the second quarter ended July 2, up from revenue of $57 million and net income of $0.3 million from Q2 2005. The results are also up from the first quarter of 2006, when the company reported revenue of $59.9 million and net income of $1.0 million, or $0.06 per share.
Gross profit for the quarter was $6.8 million, or 11.2% of revenue, compared with $6.1 million, or 10.1%, for the previous quarter and $4.7 million, or 8.3% of revenue for Q2 2005.
John Caldwell, president and chief executive, said in a statement, “Strengthening revenue resulted from increased orders from both long standing and newer customers while improved margins in part reflect favorable customer and product mix.”
“The company again affirms annual guidance provided at the beginning of the year indicating that 2006 is expected to be a year of growth in both revenues and earnings,” stated Caldwell. “We expect continuing revenue growth in the last half of the year and increased net income.”
On July 21, SMTC was notified of the approval of a U.S. income tax refund of $2.7 million plus interest relating primarily to fiscal years 1999 and 2000. It is anticipated that the refund will be received in Q3 2006. Separately, on July 31, redundant land located in Texas was sold for net proceeds of approximately $1 million. Both transactions are expected to be recorded in the third quarter of 2006 and proceeds of approximately $4 million applied to reduce indebtedness.
Gross profit for the quarter was $6.8 million, or 11.2% of revenue, compared with $6.1 million, or 10.1%, for the previous quarter and $4.7 million, or 8.3% of revenue for Q2 2005.
John Caldwell, president and chief executive, said in a statement, “Strengthening revenue resulted from increased orders from both long standing and newer customers while improved margins in part reflect favorable customer and product mix.”
“The company again affirms annual guidance provided at the beginning of the year indicating that 2006 is expected to be a year of growth in both revenues and earnings,” stated Caldwell. “We expect continuing revenue growth in the last half of the year and increased net income.”
On July 21, SMTC was notified of the approval of a U.S. income tax refund of $2.7 million plus interest relating primarily to fiscal years 1999 and 2000. It is anticipated that the refund will be received in Q3 2006. Separately, on July 31, redundant land located in Texas was sold for net proceeds of approximately $1 million. Both transactions are expected to be recorded in the third quarter of 2006 and proceeds of approximately $4 million applied to reduce indebtedness.
TAIPEI -- Recent aggressive moves by EMS providers, including Flextronics and Hon Hai, will step up competition in the digital still camera (DSC) manufacturing industry. Taiwanese contract makers are expected to come under more pressure, market watchers told the Taipei Times.
"Manufacturing digital cameras is a growing industry with higher margins, and EMS players want to have a share," said Ken Yu, an analyst with SinoPac Securities Corp.
"Manufacturing digital cameras is a growing industry with higher margins, and EMS players want to have a share," said Ken Yu, an analyst with SinoPac Securities Corp.
San Jose -- The world’s third largest computer maker, Lenovo Group Ltd., is rolling out a new line of desktop PCs with chips from Advanced Micro Devices, another sign that AMD is making inroads against rival Intel Corp.
Lenovo has long offered PCs with AMD chips in its home market of China, but not until February did Lenovo launch AMD-based PCs elsewhere, with a line of computers for small and medium-sized businesses. Now, AMD chips will be available in Lenovo's new ThinkCenter A60 PCs, which are targeted at big business customers.The systems are expected to be announced later this week.
Lenovo has long offered PCs with AMD chips in its home market of China, but not until February did Lenovo launch AMD-based PCs elsewhere, with a line of computers for small and medium-sized businesses. Now, AMD chips will be available in Lenovo's new ThinkCenter A60 PCs, which are targeted at big business customers.The systems are expected to be announced later this week.
Even while locked in an intense price war with AMD, Intel sells about 80% of the world's microprocessors. But AMD has eaten up about 5 percentage points of Intel's market share in the past year with better performing chips.
Lisle, IL — To help speed the flow of information to Mexico’s fast-growing electronics design community, ROC Exhibitions has added an Electronics Design & Development Conference to Mexitrónica, scheduled in Guadalajara on Oct. 10-12.
The ED&D Conference will cover circuit and system design, embedded systems, advanced components, manufacturing design and other enabling technologies necessary in developing intelligent electronic applications.
The trade show group is also adding a 200-sq. m. design pavilion to the exhibition hall. It will showcase a sampling of creative solutions, from concept to reality, produced by engineers working in companies throughout Mexico.
The number of design engineers and software developers in Mexico—working with OEMs, EMS companies and independent design firms—has grown to nearly 4,000, according to The Jalisco Institute of Technology Information (IJALTI).
Jerry Carter, ROC’s managing director of exhibitions, estimates that 400 of the 5,000 Mexitronica participants will be design engineers.
The ED&D Conference will cover circuit and system design, embedded systems, advanced components, manufacturing design and other enabling technologies necessary in developing intelligent electronic applications.
The trade show group is also adding a 200-sq. m. design pavilion to the exhibition hall. It will showcase a sampling of creative solutions, from concept to reality, produced by engineers working in companies throughout Mexico.
The number of design engineers and software developers in Mexico—working with OEMs, EMS companies and independent design firms—has grown to nearly 4,000, according to The Jalisco Institute of Technology Information (IJALTI).
Jerry Carter, ROC’s managing director of exhibitions, estimates that 400 of the 5,000 Mexitronica participants will be design engineers.
WASHINGTON, DC – A bill introduced late last month by Sen. Dianne Feinstein (D-CA) proposed to suspend duties on certain PCB assembly imports.
S. 3750, proposed on July 26, proposes “to suspend temporarily the
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