News
MELVILLE, NY – Electronics components distributor Nu Horizons Electronics reported first-quarter fiscal 2010 net sales of $147.8 million, down 26.2% year-over-year.
The net loss for the quarter was $944,000, compared to net income of $1.15 million in the first quarter of the prior year.
Sequentially, net sales decreased 2% year-over-year, from $150.77 million for the fourth quarter of fiscal 2009.
Sequentially, the actives segment saw sales grow $4.83 million (13.2%) in Asia and $445,000 (2.5%) in Europe, offset by a $6.9 million (8%) decline in North America.
Gross profit for actives decreased 29.8% compared to the prior comparable period, and 9.6% sequentially. Gross profit passives dropped 44.9% year-over-year and 14.3% sequentially.
The net loss for the quarter was $944,000, compared to net income of $1.15 million in the first quarter of the prior year.
Sequentially, net sales decreased 2% year-over-year, from $150.77 million for the fourth quarter of fiscal 2009.
Sequentially, the actives segment saw sales grow $4.83 million (13.2%) in Asia and $445,000 (2.5%) in Europe, offset by a $6.9 million (8%) decline in North America.
Gross profit for actives decreased 29.8% compared to the prior comparable period, and 9.6% sequentially. Gross profit passives dropped 44.9% year-over-year and 14.3% sequentially.
RENTON, WA — Microscan and Cogiscan have signed a long-term deal covering several initiatives ranging from joint product development to cross-selling of each company’s products.
TAIPEI -- Flextronics is upping the ante in the notebook PC wars, as the EMS firm reportedly is set to add 1,500 workers to its Taiwan-based unit.
TAIPEI -- Compal Electronics shipped 7.9 million laptop PCs in the second quarter, up 25% sequentially and beating company forecasts.
BRIDGEWATER, MA -- Chase Corp. today reported revenues of $25.1 million for May quarter, down 26% year-over-year.
EL SEGUNDO, CA – Amid lingering economic woes and continuing poor visibility into future demand trends, iSuppli last night lowered its forecasts for global semiconductor and electronics equipment revenue in 2009. The research firm cited lagging auto sales as the major drag on a recovery.
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