WASHINGTON-Lucent Technologies Inc. announced it signed a three-year agreement with electronics manufacturing services company Celestica Corp., giving Celestica exclusive rights to manufacture Lucent's existing and new wireless products, according to a Securities and Exchange Commission filing. "The agreement with Celestica is part of our...
Lucent Technologies Inc. announced it signed a three-year agreement with electronics manufacturing services company Celestica Corp. giving Celestica exclusive rights to manufacture Lucent's existing and new wireless products, according to a Securities and Exchange Commission filing."The agreement with Celestica is part of our effort...
Following is a roundup of ratings and financial information relating to wireless companies announced this week by banking and investment firms and financial analysts.Standard & Poor's Ratings Services withdrew its ratings on Crown Castle International Corp. including its B corporate credit rating after the...
CHINAElectronics manufacturing services company Flextronics said it will score more than $550 million in upfront cash payments from the sale of its network and semiconductor businesses. AMIS Holdings Inc. will buy the company's semiconductor business, and as previously announced, Telavie AS will buy its...
Following are wireless company and industry ratings changes made by financial services and investment banking firms this week.In a telecom services report, Merrill Lynch said it expects Verizon Wireless will gain share during the second quarter, while Cingular's growth will remain solid but slower....
SINGAPORE—Electronics manufacturing services company Flextronics said it will score more than $550 million in upfront cash payments from the sale of its network and semiconductor businesses. AMIS Holdings Inc. will buy the company's semiconductor business, and as previously announced Telavie AS will buy its...
The mobile-phone industry has evolved in countless ways during the past few decades. Phones today feature a dizzying array of new technologies and services, from multiple radios to integrated digital cameras to blazing fast processors. But perhaps the most notable change in the market...
SINGAPORE-Electronics manufacturer Flextronics announced Chief Operating Officer Michael McNamara will helm the company following the retirement of its current chief executive officer next year. The news comes as Flextronics plans to merge its Network Services subsidiary with Telavie A/S, a company wholly owned by...
SINGAPORE-Electronics manufacturer Flextronics announced Chief Operating Officer Michael McNamara will helm the company following the retirement of its current chief executive officer next year. The news comes as Flextronics plans to merge its Network Services subsidiary with Telavie A/S, a company wholly owned by...
Motorola Inc. appears to be in the midst of reordering its phone design and manufacturing strategy, moves that could yield either boon or doom for those along its supply chain. Motorola's exercises also highlight the complex, cutthroat nature of electronics manufacturing. Specifically, Motorola last...
KYOTO, Japan-Kyocera Wireless Corp. will outsource the manufacture and delivery of its mobile phones to contract manufacturing giant Flextronics International Ltd. Although terms of the deal were not disclosed, Kyocera said it will sell "certain manufacturing equipment and inventory" to Flextronics, and it will...
SINGAPORE-Flextronics said it has proposed to delist its Flextronics Software Systems Ltd. subsidiary by purchasing all of its outstanding publicly held shares. The India-based subsidiary previously was Hughes Software Systems Ltd. Flextronics currently owns nearly 70 percent of the company through its Flextronics Sales...
KYOTO, Japan-Kyocera Wireless Corp. will outsource the manufacture and delivery of its mobile phones to contract manufacturing giant Flextronics International Ltd. Although terms of the deal were not disclosed, Kyocera said it will sell "certain manufacturing equipment and inventory" to Flextronics, and it will...
SINGAPORE-Contract electronics manufacturer Flextronics posted shrinking revenues but a higher net income in its fourth quarter, news that helped send its stock up around 4 percent to around $11 per share. "While our quarterly revenue and operating profits were less than expected due to...
CANNES, France-Electronics manufacturing company Flextronics International Ltd. will make a smart phone reference design for companies looking to build devices running Microsoft Corp.'s smart phone operating system, the companies announced today. Flextronics is the 40th company with plans to use Microsoft's Windows Mobile operating...
SINGAPORE-Nortel Networks Ltd. said it has completed the transfer of its manufacturing operations and other assets in Montreal to Flextronics.The related assets include product integration, testing, repair and logistics operations of Nortel Systems House in Montreal."This step moves us closer to completing the journey...
Nortel Networks Ltd. said it has completed the scheduled transfer of certain optical design operations and related assets in Ottawa and Monkstown, Northern Ireland, to Flextronics. The transfer was part of a larger transaction announced earlier this year. The remainder of the divestiture is...
TORONTO-Nortel Networks said it has completed the scheduled transfer of certain optical design operations and related assets in Ottawa and Monkstown, Northern Ireland, to Flextronics. The transfer was part of a larger transaction announced earlier this year. The remainder of the divestiture is scheduled...
SINGAPORE-Nortel Networks Ltd. announced it is postponing the transfer of two Canadian manufacturing plants to Flextronics, highlighting the impact of Nortel's ongoing financial statements review on the vendor's business.The company is putting the transfer off from November 2004 and February 2005 to February 2005...
CHENNAI, India-Flextronics Inc. said it has signed an agreement to buy FutureSoft, spreading the breadth of the electronic manufacturing services company's acquisitions.FutureSoft makes software products, services and solutions like Internet Protocol switching/routing, broadband access and wireless applications."The convergence of hardware and software expertise that...
With China's wireless profile on the rise, big vendors are not only raising their stakes in the market, but also bringing local companies into their investments.Joint ventures and other forms of partnerships are nourishing the businesses of players such as L.M. Ericsson, Lucent Technologies...
SAN JOSE, Calif.-In a stock-for-stock merger, Multek Inc. has entered into an agreement to acquire Sheldahl.Multek, a Flextronics subsidiary, makes rigid circuit boards while Sheldahl makes high-performance tapes and flexible printed circuit materials for the worldwide automotive and data communication markets.The deal will close...
SINGAPORE-Flextronics' shares dropped 8.25 percent on its projections for the company's second-quarter results, which fell lower than expected.But the company said it generated a net income of $78.3 million, which represents a 283-percent rise, or 14 cents per share. This contrasts with the year-ago...
Signifying a strategic shift away from infrastructure manufacturing, Nortel Networks Ltd. reached an agreement last week to divest certain production operations and related activities in Canada and Brazil as well as options on its facilities in France and Northern Ireland to Flextronics Inc. for...
