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SPOKANE VALLEY, WA – EMS provider Key Tronic Corp. on Tuesday reported third-quarter fiscal 2010 revenue of $51.7 million, up 16% sequentially, and up 17% compared to the same period of fiscal 2009.

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GARBSEN, GERMANYLPKF Laser & Electronics AG has raised its sales forecast for 2010 to at least $79.2 million, up 17.7% compared to 2009.

The forecast has been upgraded as a result of a strong increase in orders for LPKF’s cutting and structuring lasers segment.

Following first-quarter growth for laser direct structuring systems, LPKF received an order today for LDS systems totaling about $6.6 million. No further details were disclosed.
LONDON -- Gordon Arbib, the former chief executive of Multicore Solders, passed away this month. Read more ...
FRAMINGHAM, MA — The electronic manufacturing services industry contracted 11% in 2009, less than expected due to a resurgence of consumer spending late in the year. According to a new forecast from International Data Corp., the industry will enjoy a compound annual growth rate of 8% for the 2010-2014 forecast period. But the recovery is still on shaky ground, with periods of weakness expected into 2011. Read more ...
STOCKHOLM -- EMS firm Note Ab reported first-quarter sales from continuing operations fell 3% to SEK 273.5 million($37.9 million) as the company continues to struggle from the economic downturn.

The net loss was SEK 55.1 million, down from a loss of SEK 11.1 million a year ago.

Including the electronics manufacturing firm's discontinued telecom operations, sales fell 17%.

The operating loss increased to SEK 52.5 million, from a loss of 8.6 million last year, including structural and other nonrecurring costs of SEK 44 million. The operating margin was -19.2%, down from -2.6%.

During the quarter, Note began to shutter production at its plants in Skänninge, Sweden, and Tauragé, Lithuania, and took restructuring costs of SEK 40 million. The closures should save the firm SEK 50 million.

Also, new contracts were signed with Axell Wireless and Hernis.

Ed.: 1 SEK = 0.138551 US$

 

 

SAN JOSE, CA -- Sanmina-SCI reported second-quarter revenue of $1.53 billion, up 27.8% from a year ago. Read more ...

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