Solectron Meets Expectations, Reports Growth.Solectron Corp. (Milpitas, CA) recently reported fourth-quarter cash earnings per share (EPS (Encapsulated PostScript) A PostScript file format used to transfer a graphic image between applications and platforms. EPS files contain PostScript code as well as an optional preview image in TIFF, WMF, PICT or EPSI, the latter being an ASCII-only format. ) of $0.06, within the range of guidance the company provided earlier this year. The company had cash EPS of $0.28 cents in the year-earlier period. Sales in the quarter that ended Aug. 31, 2001, were $3.6 billion, compared with $4.7 billion in the same period last year and $4 billion in the third quarter of fiscal 2001. Solectron reported a fourth-quarter net loss of $250.3 million, or $0.38 cents per diluted share, compared with net income of $171 million, or $0.27 cents per diluted share, in the year-earlier period. Excluding restructuring and other non-recurring charges, the company had a fourth-quarter loss of $67 million, or $0.10 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. . Fourth-quarter results were affected by a charge of $207 million for restructuring activities and one-time charges of $66 million credit and other losses. Restructuring charges restructuring charge The expense of reorganizing a company's operations. A restructuring charge is an infrequent expense that generally results from asset writedowns or facility closings. to consolidate facilities, relocate certain capabilities and refine the value proposition of a number of sites include costs of eliminating equipment, writing off or terminating leases on property and reducing the company's work force. The company's cash position in the quarter improved to $2.8 billion. http://www.circuitsassembly.com/ Copyright [copyright] 2001 CMP CMP (cytidine monophosphate): see cytosine. (1) (CMP Media LLC, Manhasset, NY, www.cmp.com) Part of United Business Media, CMP is a leading integrated media company that offers a wide variety of publications and services in the information Media LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control |
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