News

LISLE, IL – Molex Inc. reported first-quarter revenues fell 20.8% from last year to $666.7 million. For the quarter, the gross profit margin dropped to 26.4%, compared to 30.1% in 2007, on lower production levels and absorption of manufacturing overhead.
 
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BANNOCKBURN, IL – IPC is hoping the government’s economic stimulus package reaches the electronics-manufacturing sector. The trade association is lobbying Congress to pass bonus depreciation tax incentives, as well as research and experimentation (R&E) tax credits, contained in the American Recovery and Reinvestment Plan.
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