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SAN FRANCISCO -- The CFO and and executive vice president of Juniper Networks have resigned, the company said last night.

Juniper chief executive Scott Kriens said resignations were "not at all related to the financial model or the financial performance of the company." Juniper filed required financial statements for fiscal 2006 last Friday, following delays due to an internal probe into the network gear OEM's employee stock options disbursements.
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MANKATO, MN -- EMS provider Winland Electronics reported fourth quarter revenues rose 5% to $9.2 million year-over-year, led by new customer wins and expanding sales to current customers base. The company recorded a record $37.9 million in sales for the year.

For the period ended Dec. 31, net income fell 92.4% to $51,036, compared to last year.

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FRANKLIN, MA – On Apr. 19, Speedline will offer a Webcast on practical applications of design of experiments (DoE) and SPC. The Webinar will discuss factorial design and provide simple techniques with examples engineers and technicians can adapt to their production processes. The one-hour presentation begins at 11:00 a.m. EDT. For more information and to register, visit www.speedlinetech.com/seminars.
GLENVIEW, IL – Illinois Tool Works today reported operating revenue rose 15% for the three months ended Feb. 28. The conglomerate saw 2% growth from existing divisions and 11% from acquisitions.

Among ITW's major electronics assembly company holdings are Kester Solder, Speedline Technologies and ITW Chemtronics

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HANNOVER, Germany – Support for AMD’s new standard for small form factor PCs is growing, the chipmaker said today.

DTX open standard specification helps OEMs and suppliers to develop energy-efficient small form factor products that are smaller, quieter, and desktop-friendly. Akasa, Albatron, ASUS, Asetek, Compucase, ECS, Founder, FSP, Gigabyte, Hedy, NVIDIA, Shuttle, SilverStone Technology, Thermaltake and Tongfang have expressed support for DTX, AMD said.

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TORONTO – Electronics manufacturing services provider SMTC Corp. announced fourth quarter earnings rose 49% to $2.1 million on a 31% spike in revenue to $76.1 million.

For the quarter ended Dec. 31, gross profit was $7.7 million, or 10.1% of revenue, up from $4.9 million (8.4% of revenue).

Full-year revenue rose 15% to $262.8 million, while the company set a net income record of $10.5 million, including one-time items of $5 million, compared with a loss of $100,000 for 2005.

“For the first time since 2000, the company grew year-over-year revenue, reflecting a combination of growth from long-standing customers and the effect of new customer additions in 2005 and 2006,” said John Caldwell, president and chief executive. "As important, SMTC produced seven consecutive quarters of profitability culminating in record net income for 2006."

The full year net income included an income tax refund, gain on a sale of surplus real estate, final proceeds from operations discontinued in 2002 and a net adjustment to restructuring accruals.

 

 

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