More shakeup continues at the senior executive level for Alcatel-Lucent, as the company has brought in a new CFO.The French-U.S. company announced today that Hubert de Pesquidoux has decided to leave his post as CFO to pursue other opportunities. Pesquidoux was also president of...
Watching the competitive jockeying of the world's largest handset brands has its pleasures-the neck-and-neck excitement of a horserace, the tragedies of thrown jockeys and doomed steeds and, naturally, the wagering, er, investing. Behind the scenes, however, the major handset brands all depend to some...
Singapore-based Flextronics International Ltd. said it would acquire Solectron Corp., of Milpitas, Calif., for $3.6 billion in cash and stock to create an even larger electronics manufacturing service that will generate more than $30 billion in annual revenue.Flextronics is well-known in the cellular industry...
Cingular Wireless L.L.C. announced it will sell a new phone aimed at children. The carrier picked up Firefly Mobile Inc.'s Firefly phone, which Firefly has been selling through retail outlets and its Web site. Cingular said it will sell the phone for $50 with...
ATLANTA-Cingular Wireless L.L.C. announced it will sell a new phone aimed at children. The carrier picked up Firefly Mobile Inc.'s Firefly phone, which Firefly has been selling through retail outlets and its Web site. Cingular said it will sell the phone for $50 with...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.
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...
A startup company today released a mobile phone designed specifically for 8- to 12-year-old children. "Why aren't parents buying cell phones (for their children)? They're such practical tools," said Fred Bullock, chief marketing officer for Firefly Mobile Inc., the company behind the new device....
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...
TOKYO-Handset maker NEC Corp. further expanded its outsourcing agreement with electronics manufacturing company Solectron Corp., under which Solectron will provide manufacturing and after-sales services for NEC's advanced Internet-enabled handsets.Solectron will manufacture NEC's third-generation handsets for markets outside Japan and will produce more than 1...
Handset maker NEC Corp. further expanded its outsourcing agreement with electronics manufacturing company Solectron Corp., under which Solectron will provide manufacturing and after-sales services for NEC's advanced Internet-enabled handsets.Solectron will manufacture NEC's third-generation handsets for markets outside Japan and will produce more than 1...
REDMOND, Wash.-AT&T Wireless Services Inc. announced Koichi Nishimura will join its board of directors, effective April 1. Nishimura was chairman, president and chief executive officer of Solectron Corp. until his retirement in January. He also has 23 years of experience with IBM Corp. Nishimura,...
MILPITAS, Calif.—Contract electronic manufacturer Solectron says it is negotiating a deal to buy Lucent Technologies Inc.' specialized equipment and usable inventory for between $250 million and $290 million.In a statement, Solectron said an agreement is not guaranteed.
VANCOUVER, British Columbia—Electronics manufacturing service provider Solectron Corp. has set plans to offer Sierra Wireless design support, prototype, pilot and volume manufacturing services for wireless data product development."Establishing a scalable, high quality and cost competitive global supply chain strategy is a key element of...
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,...
Give up DoD spectrum fightDear Editor,I am writing you in concern of the battle over the Department of Defense spectrum battle. I myself am split between how I feel and what should be done with this spectrum. I have worked in the wireless industry...
NEW YORK-With NEC Corp. and Sony Corp. serving as "trend setters" among their in-country peers, Japanese electronics equipment companies are poised to follow the lead of their American and European competitors toward contract manufacturing, said Peter McGowan, managing director of the Lehman Brothers Inc....
E2open has opened its doors.The new electronics marketplace sports 10 high-powered founders, including IBM Corp., Hitachi and Nortel Networks. With this backing, e2open aspires to be nothing less than "one of the largest enterprises of the 21st century," said John Mumford, partner at Crosspoint...
NEW YORK-Manufacturers increasingly are planning to outsource production as more companies transition to the virtual manufacturing model, according to a recent Bear, Stearns & Co. Inc. study.A substantial number of electronics manufacturers plan to outsource a collective average of 72 percent of production, a...
MILPITAS, Calif.-Solectron Corp., a supply-chain facilitator for customized electronics technology, completed the acquisition of Alcatel's manufacturing assets in Aguadilla, Puerto Rico, and will assume full manufacturing responsibility for Alcatel's printed circuit board products focused on the networking and telecommunication industries.The acquisition calls for Solectron...
MILPITAS, Calif.-Solectron Corp., a supply-chain facilitator for customized electronics technology, manufacturing and service solutions, agreed to acquire privately held Americom Wireless Services, according to a letter of intent signed by the companies.Solectron will gain specialized repair and testing equipment and assume responsibility for Americom's...
Glenayre Technologies Inc. released more details of its worldwide restructuring plan last week, saying the effort will result in a 20-percent work force reduction and expected annualized operating cost savings of up to $20 million.According to Eric Doggett,Glenayre president and chief executive officer, most...
CHARLOTTE, N.C.-Glenayre Technologies Inc. said it ended negotiations to sell its Quincy, Ill., manufacturing plant to Solectron.The two signed a letter of intent earlier this year calling for Solectron to buy the radio-frequency design and manufacturing assets of the facility and assume all manufacturing...
The wireless handset market has proven that a strong brand name doesn't guarantee success.
Sony Electronics Inc. announced last week it is pulling out of the North American handset business and terminating 200 jobs in San Diego. The well-known consumer electronics giant is one of...
