Avnet Outlines its Post-Maxim Strategy

Analog Devices Inc. (ADI) is not commenting on changes in its distribution network now that the acquisition of Maxim Integrated Products has been finalized. But Phil Gallagher, CEO of distributor Avnet Inc., is addressing the merger for the first time since Maxim dropped two of its global broadline distributors, Avnet and one unconfirmed company. “The…

Microchip Revises Fiscal Q2 Forecast

Microchip Technology Incorporated (MCHP), a leading provider of microcontroller, mixed signal, analog and Flash-IP solutions, today narrowed the range and  increased the mid-point of its prior guidance for net sales and earnings per share for its fiscal second quarter of fiscal 2016 ending September 30, 2015. Microchip’s core business is tracking towards our original guidance…

Why is Distribution Outperforming Suppliers?

This past financial quarter has driven home the adage that business concentration among a few large customers has its downside.  For example, although Apple Inc. sold almost 48 billion iPhones in Q2, many of its suppliers – according to CNN and others – were “getting crushed:” Just look at Cirrus Logic (CRUS), which makes micro chips…

Diversification Yields Positive Results for Sanmina

Sanmina Corp. is the new investors’ darling of the contract manufacturing industry. Its stock price has surged at a double-digit clip in recent days despite tepid sales growth and amidst continuing signs visibility into end-markets remain limited. What accounts for this disparity? Sanmina isn’t exactly the same company it was only a few years ago.…

Plexus Cuts Fiscal Q3 Sales Forecast

Plexus Corp. has lowered its fiscal third quarter revenue and profit estimates due to production problems at one of its factories and unanticipated weakness in demand from customers in the networking and communications equipment market. The Wisconsin-based electronics manufacturing services (EMS) provider said it now projects revenue for the quarter ended July 4 will be…

Flextronics Fiscal Q4 Sales Sag, Profits Rise

Flextronics (NASDAQ: FLEX), a leading end-to-end supply chain solutions company, today announced results for its fourth quarter and fiscal year ended March 31, 2015: Flextronics net sales for the fourth quarter ended March 31, 2015 were just under $6.0 billion, slightly below its previously provided revenue guidance of $6.0 billion to $6.4 billion. Despite the…