LISLE, IL – Molex Inc. reported a fourth-quarter loss of $219.7 million, compared to a profit of $52.6 million last year.

Adjusted profits, excluding a $171 million impairment charge, were $1.3 million. Revenue for the quarter dropped 35% from last year to $570.6 million.

The company reports orders for the June quarter fell 33% to $576 million, while the order backlog was down 42% to $253 million year-over-year.

Over the past three quarters, Molex has cut 24% of its workforce.  

PLACENTIA, CA – Despite the lackluster economy, Cartel Electronics has seen sales nearly triple since 2007, according to Bruce McMaster, president and CEO.

Part of the reason the PCB fabricator was able to keep its workflow—flowing—was because of the multilayer laminate support it received from a partnership with CCMP, based in Anaheim.

To facilitate the company’s vision for continued growth, it plans to form other strategic partnerships within the industry.