TOKYO – Juki Corp. updated its forecast for its fiscal first half of 2009, predicting net sales of $275.3 million. The figure would be down 49% compared to 2008.
The net loss is expected to be nearly $87 million, compared to a net loss of $5.8 million during the same period last year.
Full fiscal 2009 net sales are expected to be $702.3 million, down 19.1% year-over-year. The net loss is forecast to be $103.7 million, compared to a net loss of $104.2 million in 2008.
Juki notes its current financial situation is influenced by the worldwide economic recession; business is falling short of its original projections.
The market for pick-and-place equipment hit bottom in the first quarter, the firm says, and the severe situation is continuing.
SAN JOSE – Cisco awarded Flextronics the 2009 EMS Partner Operational Excellence and B2B Collaboration awards.
The awards recognize Flextronics as the EMS partner that has delivered the strongest performance in demonstrating end-to-end operational excellence, and for going beyond expectations to implement a B2B program, process or initiative.
The awards were presented during Cisco's 18th annual supplier appreciation event on Sept. 30 in San Jose.
STAMFORD, CT — The electronics equipment industry recovery is underway, but uncertainty swirls thanks to the macroeconomic recovery and the effectiveness of government stimulus packages, especially when that stimulus runs out, a leading research firm says.
WILSONVILLE, OR – Leading EDA vendor Mentor Graphics announced last night an agreement to buy Valor Computerized Systems for $82 million in cash and stock in a deal expected to be finalized by March 2010.
SANTA CLARA, CA -- EMS provider NBS has added a 10,000 sq. ft. facility dedicated to box-build and system integration services.
SAN FRANCISCO – Phones and printers are among the electronics products covered by a document restricting the disposal of electronics products issued last week by China’s Ministry of Industry and Information Technology.