Advertisement
YOU ARE HERE: LAT HomeCollectionsSci Systems Inc
IN THE NEWS

Sci Systems Inc

FEATURED ARTICLES
BUSINESS
February 27, 2001 | Bloomberg News
SCI Systems Inc., an electronics contract manufacturer, said it plans to cut about 3,800 jobs, or 10% of its staff, and close an unspecified number of plants because of weak sales growth. The company, which makes personal computers and base stations for cell phones for other companies, said the cutbacks will result in a charge of $40 million to $60 million.
ARTICLES BY DATE
BUSINESS
July 17, 2001 | MICHAEL LOVELL, BLOOMBERG NEWS
Sanmina Corp., a contract manufacturer of telecommunications equipment and computers marketed by other companies, agreed to buy rival SCI Systems Inc. for about $4.5 billion in stock as competition intensifies for fewer sales. Sanmina will swap 1.36 shares for each SCI share, and will assume about $1.5 billion in SCI debt, the companies said Monday. Shares of San Jose-based Sanmina fell $2.38, or 11%, to $19.76 on Nasdaq. Huntsville, Ala.-based SCI rose $1.28, or 5.1%, to $26.
Advertisement
BUSINESS
July 17, 2001 | MICHAEL LOVELL, BLOOMBERG NEWS
Sanmina Corp., a contract manufacturer of telecommunications equipment and computers marketed by other companies, agreed to buy rival SCI Systems Inc. for about $4.5 billion in stock as competition intensifies for fewer sales. Sanmina will swap 1.36 shares for each SCI share, and will assume about $1.5 billion in SCI debt, the companies said Monday. Shares of San Jose-based Sanmina fell $2.38, or 11%, to $19.76 on Nasdaq. Huntsville, Ala.-based SCI rose $1.28, or 5.1%, to $26.
BUSINESS
April 25, 2001 | From Reuters and Bloomberg News
Amazon.com Inc. on Tuesday posted a sharply lower first-quarter loss--in line with a recent announcement--and affirmed that it was on-track for its first quarterly operating profit by the end of the year. Amazon, which sells everything from books to electronics to hardware, reported a loss of $49 million, or 21 cents a share, excluding a broad range of costs, compared with a loss of $99 million, or 35 cents a share, a year earlier.
BUSINESS
November 12, 1991
Vitesse Semiconductor Corp., a Camarillo maker of computer circuits, said an Alabama company has developed a pair of high-speed computer circuits that use Vitesse's gallium-arsenide technology. Vitesse said the new devices, developed by SCI Systems Inc. of Huntsville, Ala., have the ability to receive data from several sources and put them on one high-speed wire. The circuits will be used to transmit data from guided missiles.
BUSINESS
April 5, 1996 | Times Staff and Wire Reports
Apple to Sell Colorado Plant: The Cupertino, Calif.-based company, taking another step in redesigning itself, said it will shed one of its four factories but the new owner will still make Macintosh computers. The sale of the Fountain, Colo., plant to SCI Systems Inc. marks the first time Apple Computer Inc. has had another company manufacture a large number of its computers, the company said. Previously, Sony made some PowerBook portable computers. SCI Systems, of Huntsville, Ala.
BUSINESS
April 25, 2001 | From Reuters and Bloomberg News
Amazon.com Inc. on Tuesday posted a sharply lower first-quarter loss--in line with a recent announcement--and affirmed that it was on-track for its first quarterly operating profit by the end of the year. Amazon, which sells everything from books to electronics to hardware, reported a loss of $49 million, or 21 cents a share, excluding a broad range of costs, compared with a loss of $99 million, or 35 cents a share, a year earlier.
BUSINESS
December 4, 1999 | Bloomberg News
PairGain Technologies Inc. said it will cut an undetermined number of jobs from its 700-member work force and contract out some manufacturing to Monterrey, Mexico, by July to reduce costs. The telephone equipment maker said it hasn't determined how many workers it will fire at its headquarters in Tustin. The company has warned twice in the last year that earnings would miss forecasts as it lost business and cut prices to compete with rivals.
BUSINESS
December 13, 1995 | From Associated Press
Chrysler Corp. and Ford Motor Co. took a small step toward making electric cars more attractive to the public Tuesday by agreeing to use the same type of charging system for the batteries. "The goal is to avoid the VHS versus Beta problems we saw with early videotape technology," John Wallace, director of Ford's electric vehicle systems, said. However, General Motors Corp.
BUSINESS
December 4, 1999 | JONATHAN GAW, TIMES STAFF WRITER
Tustin-based PairGain Technologies Inc., which has seen its profit margins squeezed this year by competitors, said Friday that it is moving most of its manufacturing operations to Mexico. Company officials said that fewer than 100 of its 600 employees in Orange County would lose their jobs. PairGain has more than 800 employees worldwide. The company said the transition, which began last month, would be completed by the middle of next year.
BUSINESS
February 27, 2001 | Bloomberg News
SCI Systems Inc., an electronics contract manufacturer, said it plans to cut about 3,800 jobs, or 10% of its staff, and close an unspecified number of plants because of weak sales growth. The company, which makes personal computers and base stations for cell phones for other companies, said the cutbacks will result in a charge of $40 million to $60 million.
BUSINESS
April 5, 1996 | Times Staff and Wire Reports
Apple to Sell Colorado Plant: The Cupertino, Calif.-based company, taking another step in redesigning itself, said it will shed one of its four factories but the new owner will still make Macintosh computers. The sale of the Fountain, Colo., plant to SCI Systems Inc. marks the first time Apple Computer Inc. has had another company manufacture a large number of its computers, the company said. Previously, Sony made some PowerBook portable computers. SCI Systems, of Huntsville, Ala.
BUSINESS
November 12, 1991
Vitesse Semiconductor Corp., a Camarillo maker of computer circuits, said an Alabama company has developed a pair of high-speed computer circuits that use Vitesse's gallium-arsenide technology. Vitesse said the new devices, developed by SCI Systems Inc. of Huntsville, Ala., have the ability to receive data from several sources and put them on one high-speed wire. The circuits will be used to transmit data from guided missiles.
BUSINESS
March 20, 2002 | BEN BERKOWITZ and SUE ZEIDLER, REUTERS
Gemstar-TV Guide International Inc. said Tuesday that a judge representing the International Trade Commission had extended by three months his review of a patent infringement lawsuit filed by Gemstar, until June 21. Gemstar shares, already down sharply on a disappointing earnings report Monday, plummeted further on the news. The shares dropped $5.69, or 26% to a 52-week low of $16.04 in Nasdaq trading.
BUSINESS
March 19, 2002 | From Reuters and Bloomberg News
Gemstar-TV Guide International Inc. on Monday reported a wider fourth-quarter net loss and said it will take a write-down for amortization of goodwill of up to $5 billion in the current quarter. The company, which operates an interactive TV program guide and publishes TV Guide magazine, also announced the resignation of its co-president and co-chief operating officer, Peter Boylan. Gemstar's shares fell on the news, dropping by $1.97, or 9.1%, to $19.76 in after-hours trading.
Los Angeles Times Articles
|