SINGAPORE-Flextronics will acquire Hughes Network Systems' 55-percent ownership stake in Hughes Software Systems, which provides software products and services to telecom infrastructure companies, for $226 million. Together, Flextronics and HSS will provide a complete outsourcing solution to telecom original equipment manufacturers, including engineering services,...
Nortel Networks Ltd. is in talks to divest most of its major operations, including factories and supply chains, to Flextronics Inc., a contract electronics manufacturer. If the talks materialize, it may lead to a major loss of up to 2,500 jobs."This proposed transaction would...
Nortel Networks Ltd. is in talks to divest most of its major operations, including factories and supply chains, to Flextronics Inc., a contract electronics manufacturer. If the talks materialize, it may lead to a major loss of up to 2,500 jobs."This proposed transaction would...
Longtime wireless modem maker Sierra Wireless announced a significant new business direction with the unveiling of its Voq phone-a device that marks the arrival of a new smart-phone player and another Microsoft Corp. backer.Investors seemed cheered by the bold move, sending Sierra's stock up...
Longtime wireless modem maker Sierra Wireless announced a significant new business direction with the unveiling of its Voq phone-a device that marks the entrance of a new smart-phone player and another Microsoft Corp. backer.Investors seemed cheered by the bold move, sending Sierra's stock up...
SINGAPORE-A jury ordered contract manufacturer Flextronics to pay more than $934 million to Beckman Coulter, which makes medical equipment.Flextronics said it would appeal the motion.Flextronics is the manufacturing muscle behind several mobile-phone companies, including Sony Ericsson.
Manufacturing giant Flextronics announced it will buy Finnish mobile-phone design company Microcell Group for $80 million in cash. Flextronics said the move would strengthen its mobile-phone design capabilities by adding Microcell's expertise in GSM, GPRS and EDGE networks."In addition to increasing capabilities for our...
SOLOTHURN, Switzerland-Flextronics Technology plans to close its production site here and cut 300 jobs, or more than 90 percent of its work force in the country.The company, which said it will retain 30 engineers, stated a lack of orders was behind its decision.
PRETORIA, South Africa-Flextronics Inc. said it has acquired Azisa, a global software and hardware service company."They are a world-class design organization with proven expertise in software architecture, application development and value-added services," said Ron Snyder, president of Flextronics design.
BOSTON-Contract manufacturers will make 26 percent of all handsets worldwide, a number that will likely grow to 38 percent in 2007 as first and second-tier handset vendors seek lower costs, production flexibility and economies of scale, according to a new report from Strategy Analytics.In...
MORGAN HILL, Calif.-Anritsu said it is partnering with Flextronics Test to co-develop integrated test solutions for digital and Internet Protocol market."Anritsu's renowned world-class quality and extensive range of test and measurement products, combined with Flextronics Test's outstanding ability to integrate equipment into a total...
BEDMINSTER, N.J.-Flarion Technologies Inc., Bedminster, N.J., has contracted with Flextronics, an outsourced manufacturer of telecommunications equipment, to produce its RadioRouter and PC card products for interoperability between wireless local area networks and cellular networks.In its Sept. 19 announcement, Flarion said it plans to release...
STOCKHOLM, Sweden-Allgon Telecom Ltd. announced Magnus Friberg has been made president, responsible for day-to-day operations, including sales, marketing and operations. Friberg rejoins Allgon, having served as vice president of sales for five years at Allgon. He most recently served as an executive at Flextronics...
SAN BRUNO, Calif.—Broadband wireless company IPWireless Inc. announced it will partner with Flextronics Semiconductor to develop and manufacture the IPWireless System on a Chip (SoC)."The SoC design will open the door for mobile hardware manufacturers to integrate our technology into existing and future mobile...
NEW YORK—Flextronics International Ltd. announced its 20 million-share offering is complete.Flextronics sold the shares for $25.96 each, bringing in gross proceeds of $519.2 million, which it said will be used for general corporate purposes, including working capital, capital spending and strategic acquisitions. The financing...
1. Jan. 29Re-auction brings in record $17B to FCCAfter 101 rounds and $16.85 billion, the Federal Communications Commission's auction of 422 personal communications services licenses ended last Friday. The auction, which began Dec. 12, broke the previous record of $9.2 billion for PCS spectrum...
STOCKHOLM, Sweden—Flextronics announced it will acquire 91 percent of The Orbiant Group from Telia and integrate it with Flextronics Network Services, which offers network installation and commissioning services worldwide."The sale of Orbiant is an important part of Telia's long-term and deliberate ambition to streamline...
KUNGSBACKA, Sweden—Flextronics said it has signed an agreement to make Elanders a preferred supplier of Ericsson mobile phones in Europe."Elanders will set up a production facility in Hungary connected to Flextronics' product completion center from where Ericsson's mobile phones will be delivered to the...
SINGAPORE—Flextronics International Ltd. said it plans to acquire Telecom Global Solutions Inc., which provides wireless networks and radio-frequency consulting services for the wireless telecommunications industry.The company expects to close the acquisition of Irving, Texas-based Telecom Global by the end of August this year.
OXFORD, United Kingdom—Having accepted the contract to manufacture Ericsson's cell phones, Flextronics has run into a storm of protest in Sweden following the announcement that it plans to cut nearly 25 percent of its work force. The company said the downturn in the worldwide...
Even the last bastion has been hit.The heat of the economic slowdown is choking contract electronics manufacturers that help the major original equipment manufacturers make their phones and infrastructure equipment.The scourge of high inventory levels with the OEMs and operators has infected the CEMs,...
By outsourcing their handset and network equipment production, major vendors may be unwittingly yielding enormous influence to contract electronics manufacturers that could acquire enough expertise and experience to develop their own brands and technologies.Two reports, one by market research firm Bear Stearns and the...
The economy cast a pall over the vendor space last week with major equipment makers wallowing in job cuts, negative credit ratings, earnings forecast reviews and downgrades.The companies involved are the struggling Lucent Technologies Inc., Nortel Networks Corp. and the almost immune Nokia Corp.Lucent...
Alcatel has signed a memorandum of understanding to outsource the European manufacturing of its GSM handsets to Flextronics amid rumors the French equipment vendor was holding talks with Lucent Technologies Inc.over a possible merger.Under the MOU, Alcatel will transfer its Laval GSM manufacturing facility...
