Circuits Assembly Online Magazine - CA Magazine Issues

News

BREST, FRANCE – Jabil Circuit will close, sell or otherwise restructure its plant here, a local paper reported this week.

Ouest France is reporting the site’s revenues are 25% below expectations. The plant employs about 300 workers, down from 515 a year ago, when Alcatel-Lucent reportedly moved production from the site to a Solectron (now Flextronics) plant in China.

Jabil acquired the site and its then 700 employees from Alcatel in 2002.

STOCKHOLM – NOTE today reported September sales of $50.7 million, up 2.2% over a year ago. Operating profits were $1.8 million, down 50%. Net profits were down 59% to $980,000.

The operating margin of 3.6% is down 50% from last year. The EMS company took $1.2 million in restructuring charges for the quarter.

Through September, NOTE had nine-month sales of $164 million and a net profit of $7.3 million. Year-to-date operating profits were $5.6 million. To date, the EMS provider has taken $3.8 million in charges for ongoing restructuring. Profit after items, but before taxes, was $9.8 million, down more than 50% year-over-year. Operating margins are 3.4%, down from 6.5% last year.

NOTE is transferring labor-intensive production and sourcing services to lower-labor rate countries, and cutting its headcount in Sweden by 200 staff, or just over 25%.

REDMOND, WA – Data I/O announced third-quarter revenues rose 7% to $7.8 million over a year ago, but slipped 3% sequentially.

Net income was $1.2 million, down 25% from last year. Gross margin as a percentage of sales was 60%. Operating expenses were $3.3 million, up $300,000.

For the quarter, orders fell 16% to $6.9 million. “We were disappointed to see some orders slide out, primarily in Europe and the US, but Asia remained very strong with orders up nearly 50% compared with the same quarter of 2007," said Fred Hume, president and CEO, in a statement.

TORONTO – Celestica Inc. reported third-quarter revenue was $2.03 billion, down 2.4% year-over-year, in line with company guidance.

Net earnings were $32.1 million, down nearly 38% compared to the same quarter last year.

SAN JOSE – The MicroElectronics Packaging and Test Engineering Council (MEPTEC) released the program for its Nov. 13 symposium “Packaging Developments and Innovations: From System Design to Integrated Delivery” in San Jose.

Glenn Daves, director of packaging technology at Freescale Semiconductors will keynote, discussing aligning packaging developments with the market.

Sessions include advanced packages and processes; packaging to board assembly trends; microelectronics substrate fabrication and assembly innovation, and design tools and co-design solutions.

To register, visit www.meptec.org.