Electronics Production | June 29, 2007

Solectron Increase Sales in Q3

Solectron reported sales of $2.99 billion in the third quarter of fiscal 2007, an increase of 3 percent over second quarter fiscal 2007 revenues of $2.90 billion, and an increase of 10 percent over third quarter fiscal 2006 revenues of $2.70 billion.

The company reported GAAP profit after tax from continuing operations of $12.2 million, in the third quarter of fiscal 2007, compared with a GAAP profit after tax from continuing operations of $15.6 million, in the second quarter of fiscal 2007. In the third quarter of fiscal 2006, Solectron reported a GAAP profit after tax from continuing operations of $42.4 million . Non-GAAP profit after tax from continuing operations was $50.2 million, in the third quarter of fiscal 2007, compared with non-GAAP profit after tax from continuing operations of $41.0 million, for the second quarter of fiscal 2007. In the third quarter of fiscal 2006, Solectron reported non-GAAP profit after tax from continuing operations of $38.9 million. Non-GAAP financial results do not include restructuring costs, impairment charges, amortization of intangibles, or stock-based compensation expenses.

Autoliv's total workforce declined by 1'208 in the 2nd quarter, mainly direct labor. The...

Continental has officially opened its new Powertrain plant in Wuhu, China. Representing an investment of almost EUR 28 million for land and building, phase I involves a total built area of more than 24,000 square meters, housing 22 production...

Volvo Cars has made investments in two Israeli technology start-ups through the Volvo Cars Tech Fund, the company’s venture capital investment arm.

Varroc Lighting Systems will be opening a factory on a leased 25,000 sqm. plot at the...

Kapsch TrafficCom has officially opened its newest facility in North America at the Metropolis...

Mycronic has signed a partnership with TransTechnology Pte Ltd...

Marvin Test Solutions has completed deliveries, three months ahead of schedule, in...

One of the significant questions facing the IC industry in the second half of 2019 is if and when the DRAM market will rebound.

The steadily growing volumes of sold product, as well as the global orientation of the...

DRAM/NAND prices will be affected - short term - by the Japan-South Korea trade tension...

Cogiscan Inc. has partnered with Saki Corporation to expand the latter’s manufacturing software...

Mycronic has received an order for a mask writer from the Prexision series for display...