Formerly About Applied Materials Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Applied Materials

AMAT 306.82

-0.1%

1:15 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: StanX Long who wrote (58778)	1/14/2002 4:35:18 AM
From: StanX Long	Read Replies (1) of 70976

Big Bucks for EMS in New Deals IBM, NEC hike outsourcing to contractors By Bernard Levine -- Electronic News, 1/14/2002 e-insite.net IBM and NEC are shifting billions of dollars' worth of production over to leading contractors, fulfilling a prophecy by contract manufacturers that OEM outsourcing would be the downturn's silver lining. IBM has agreed to outsource a significant portion of its desktop PC manufacturing needs to Sanmina-SCI, which will acquire IBM's NetVista desktop manufacturing operations in the United States and Europe. IBM will continue to design and market the NetVista line of desktops and has signed a three-year, $5 billion outsourcing agreement with Sanmina-SCI to provide desktop manufacturing services for these markets. Japan's NEC Corp. agreed to expand its outsourcing relationship with Celestica Inc. through a five-year supply agreement with total estimated revenue of $2.5 billion. “The amount of outsourcing is still a very small percentage, in the teens, of the total amount of electronic products produced.” Eugene Polistuk, chairman and CEO, Celestica Inc. Also last week, Flextronics International announced the pricing of a public offering of 20 million ordinary shares at $25.96 per share under its currently effective shelf registration. Some of the proceeds may go to strategic acquisitions, among other corporate purposes, such as working capital and capital expenditures.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next