Market conditions dim; brake lights ahead
20081025
Flextronics
20080724
Sanmina-SCI Corp
Revenue, Net Income & Inventory $ Billions Revenue, Net Income & Inventory
5.0
"With the completion of the sale of our personal computing business and our
$ Billions
4.0
restructuring initiatives largely behind us, I believe we will be able to sustain our
10.0 financial improvements despite the challenging economic environment." 7/23/08
"We are pleased with our execution this past quarter, especially given the
+59%
challenging economic environment," said Mike McNamara, chief executive
-24%
3.0
8.0 officer of Flextronics. "Highlights of the quarter included revenue growth
in all of our market segments, new product and customer wins, increased
diversification in our customer base, improved SG&A and operating
2.0
6.0 efficiencies, and the repurchase of 30 million, or approximately four
percent, of our outstanding shares." 10/23/08
1.0
4.0
0.0
1.8-1.9
2.0
7/23/08
-1.0
Goodwill
Impairment
0.0
-2.0
8.0-9.0 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3
10/23/08 99 00 01 02 03 04 05 06 07 08
-2.0
Revenue 2.6 2.8 3.3 3.3 4.1 3.2 2.8 2.4 2.4 2.4 2.6 2.6 2.5 2.4 2.6 2.7 3.0 2.9 3.1 3.3 3.3 2.9 2.8 2.8 2.9 2.7 2.7 2.7 1.9 1.8 2.5 2.5 1.8 1.8 1.9 1.9
4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4
Income 0.1 0.1 0.1 0.1 0.2 0.2 0.0 0.0 0.0 -0.0 -0.0 0.0 0.0 -0.0 -0.0 -0.1 0.0 0.0 0.0 0.0 0.0 -1.0 -0.0 0.0 0.0 -0.1 -0.1 -0.0 0.0 -0.0 -0.0 -1.1 0.0 -0.0 0.0
Inventory 1.4 1.6 1.8 2.0 2.2 2.3 2.1 2.0 1.5 1.3 1.3 1.1 1.1 1.1 1.1 1.0 1.1 1.2 1.1 1.1 1.0 1.0 0.9 1.0 1.1 1.2 1.6 1.5 1.3 1.2 1.1 1.1 1.1 0.9 0.9
99 00 01 02 03 04 05 06 07 08
Revenue 2.0 2.2 2.7 3.1 3.2 3.1 3.1 3.2 3.5 3.3 3.1 3.3 3.9 3.1 3.1 3.5 4.2 3.8 3.9 4.1 4.3 3.6 3.9 3.9 4.2 3.5 4.1 4.7 5.4 4.7 5.2 5.6 9.1 7.8 8.4 8.9 8.5
Income 0.0 0.1 -0.4 0.0 0.1 -0.2 0.1 -0.3 0.1 0.0 0.0 0.0 0.1 0.0 -0.3 -0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.0 0.1 0.2 0.1 0.1 0.1 0.1 -0.8 -0.1 0.1 0.0 CY
Inventory 0.5 1.1 1.4 1.6 1.7 1.8 1.5 1.4 1.4 1.3 1.3 1.3 1.2 1.1 1.2 1.2 1.2 1.2 1.4 1.4 1.4 1.5 1.5 1.7 1.7 1.7 2.2 2.6 2.5 2.6 2.5 2.7 4.3 4.1 4.5 4.5
FY ends 3/31
CY FLEX FY ends 9/30
SANM
(historical data = combined Sanmina & SCI)
Chart 11. Chart 12.
• secured over US $100 million in tries, including solar power and LEDs as capacity for ethylene copolymers.
service contracts for both single and TFT-LCD industry decelerates. • is establishing a solar-energy lab at the
tandem junctions SunFab lines. China Gengsheng Minerals received 300- DuPont Knowledge Center in Hydera-
ARISE Technologies 500 tons/month contract from Taiwanese bad, India, by 2010.
• signed a lease for a facility in Kitch- solar panel producer for silicon carbide • opened a new technical center at its
ener, Ontario, for production of 7N+ pellets for use in polishing surfaces of solar facility in Taoyuan, Taiwan.
solar-grade polysilicon. panels and other precision instruments. • developed a proprietary technol-
• appointed Peter Currie to board of Coherent introduced a new laser for cell ogy to produce backsheet containing
directors. and panel manufacturing that has output DuPont™ Tedlar® polymer in a single
• expects to boost annual production to power levels to 28 W at the short ultravio- step, and signed a technology licensing
50 tons of the 99.99999% pure silicon let wavelength of 355 nm. agreement with Toppan to commercial-
in 2009 and 400 tons by 2010. Cookson ize backsheet for PV modules using
ASYS Automatisierungssysteme intro- • Electronics introduced 15 new solar this new technology.
duced a new laser edge isolation system products at PV Valencia exhibition. • introduced Kalrez® perfluoroelasto-
and a rotary table printer. • named Richard J. Ertmann President mer parts specifically designed to help
Avancis is building 20 MW/yr indium- of Cookson’s Assembly Materials improve sealing reliability in critical PV
solar cell manufacturing plant in Torgau, Group. wafer processing equipment.
Germany. DEK commercialized its PV1200 metalliza- Dyesol opened new manufacturing
Basler entered exclusive cooperation with tion line. facilities for Dye Solar Cell materials and
Komax for solar cell module inspection Dilas Diodenlaser formed independent technologies in Queanbeyan, New South
solution during stringing process. business unit, Dilas Industrial Laser Sys- Wales.
Bharat Electronics and Bharat Heavy tems, to focus on manufacturing turnkey Enthone acquired Ormecon, a supplier
Electricals formed a JV to set up a poly- diode laser systems. of nano-dispersions for solar cells and
crystalline silicon manufacturing unit in Dow Chemical entered into a term loan OLEDS.
Bangalore. agreement of up to US $13 billion with a Evatec launched new ‘Radiance’ multi-
Bosch is spending an additional S$30 group of lenders to partially finance Rohm process sputter platform with cluster
million over five years to expand its energy & Haas acquisition. architecture.
research center in Singapore. Dubai Group is investing Rs.1,500 Cr. to FANUC Robotics demonstrated robotic
Bruker AXS acquired S.I.S. Surface Imag- build a PV panel float glass manufacturing solutions designed for the solar industry.
ing Systems. facility in Tamil Nadu. FCT Solder named Ally Jakusovas U.S.
btechcorp introduced NTP Series of highly DuPont West Coast sales manager.
conductive ACF adhesives for solar cells • Photovoltaic Solutions opened a new Ferro
that contain almost 1 million Z-axis nickel PV technical center in Kawasaki, • sold its Fine Chemical Business to
fibers per square cm. Japan. Novolyte Technologies for US $66
BTU International appointed Frank Bot- • is doubling its Solamet® production at million.
tari director of solar applications. its Dongguan, China, facility. • named Mark Duesenberg VP, general
Carbone Lorraine received US $60 • began construction on a new research counsel and secretary.
million/4 yrs isostatic material deal with center in Hong Kong and a manufac- Fluid Research introduced a new Plur-
polysilicon producer and US $25 million/ turing facility in Shenzhen, China, aSilver dual component silver epoxy paste
1 yr. graphite systems contract with a solar to support the emerging amorphous dispensing machine.
equipment manufacturer. silicon thin film PV market. Gigastorage transferred its PV conductive
Chi Mei Optoelectronics is increasing • is investing US $150 million to expand paste business unit to its subsidiary, Med-
investments in ‘green energy’-related indus- and upgrade facilities to manufacturing well Technology.
www.globalsolartechnology.com Global Solar Technology – November/December 2008 – 15
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