NEENAH, WI -- The outlook for Plexus in fiscal 2009 is stabilizing, the EMS company told analysts Wednesday. The company reiterated its long-term target of 15 to 18% growth, saying it could reach $3.4 billion in sales by fiscal 2013.
WASHINGTON – The Secretary of the Navy has been confirmed as the Department of Defense Executive Agent for printed circuit board technology, according to a memorandum issued this week by the Deputy Secretary of Defense.
CHICAGO -- A federal judge has tossed out the Sherman Act claims in a dispute between Hon Hai Precision Industry (Foxconn) and Molex Inc. over a patent licensing contract between the two companies for a connector used with audiovisual equipment, but has let the other claims stand.
Judge Harry D. Leinenweber of the U.S. District Court for the Northern District of Illinois ruled this week that Hon Hai had not alleged sufficient facts to state a plausible claim.
EL SEGUNDO, CA – Saying the electronics manufacturing industry is now “out of the hypergrowth phase,” iSuppli today forecast the sector would grow an anemic 1.1% compounded annually between 2009 and 2013.
MINNEAPOLIS -- CyberOptics today said fourth-quarter sales plunged 55% year-over-year to $6.7 million as the economic slump hit the inspection equipment maker.