NEENAH, WI – Plexus Corp. today announced fiscal third-quarter revenue of $379 million, down nearly 17% year-over-year.

• End corporate bailouts, including the Troubled Asset Relief Program, that artificially prop up industries, and end “Buy American” and other bailout provisions that reward backward protectionist policies that will hurt America’s ability to compete in the global economy.

• Oppose the Employee Free Choice Act, or “card check,” and other anti-business measures that hurt American employers and infringe on the rights of workers.

• Pass pending free trade agreements, particularly those with Colombia, Panama and South Korea, to boost U.S. exports and let American companies fairly compete with their international trading partners.

• Support the free and open market and promote technology innovation by U.S. companies. When aided by trade, the technology industry will help mend the global economy and drive the creation of new jobs.

SAN JOSE – Flextronics today reported a fiscal first-quarter loss of $154 million on a 31% year-over-year revenue drop to $5.78 billion. 

The results pale against last year, when the company reported $8.35 billion in revenue and $110 million in profits.

BANNOCKBURN, IL – North American PWB shipments in June decreased 29% year-over-year, and orders fell 15.1%, says IPC.
 
Year to date, combined shipments were down 27.3% and orders were down 28%. Sequentially, combined shipments for the month rose 18.9%, while orders increased 28%, according to the association.
 
The June book-to-bill ratio climbed to 1.11.
 
June rigid PWB shipments declined 30.8%, while orders dropped 16.6% compared to 2008. Year to date, rigid shipments were down 29.3% and orders fell 29.6%. Sequentially, rigid shipments grew 18.6% and orders increased 27.9%.
 
The rigid book-to-bill ratio continued climbing to 1.12.
 
Flex shipments dropped 3.1% in June, but orders were up 4% year-over-year. Year to date, flex shipments were up 1.5% and orders were down 5%. Sequentially, flex shipments went up 21.3% and orders increased 28.7%.
 
The flex book-to-bill ratio in June reached 1.02.

A ratio of more than 1.0 suggests current demand is ahead of supply, which is a positive indicator for sales growth over the next two to three months.
 
Rigid PWBs represent an estimated 91% of the current industry in North America, says IPC. In June, 88% of total shipments were domestically produced, meaning 12% were built offshore and sold in North America. Domestic production accounted for 88% of rigid and 83% of flex circuit shipments.