CHICAGO – Methode Electronics Inc. reported a third-quarter net loss of $27 million, compared to a net income of $9.8 million year-over-year. The decline is due to a $32.7 million charge for impairment of goodwill and intangible assets, $3.8 million in restructuring charges and weakened market capitalization.
EL SEGUNDO, CA — Global mobile internet device unit shipments expected to expand by nearly a factor of eight from 2007 to 2012, according to iSuppli Corp.