-
- News
- Books
Featured Books
- smt007 Magazine
Latest Issues
Current IssueIPC APEX EXPO 2024 Pre-show
This month’s issue devotes its pages to a comprehensive preview of the IPC APEX EXPO 2024 event. Whether your role is technical or business, if you're new-to-the-industry or seasoned veteran, you'll find value throughout this program.
Boost Your Sales
Every part of your business can be evaluated as a process, including your sales funnel. Optimizing your selling process requires a coordinated effort between marketing and sales. In this issue, industry experts in marketing and sales offer their best advice on how to boost your sales efforts.
The Cost of Rework
In this issue, we investigate rework's current state of the art. What are the root causes and how are they resolved? What is the financial impact of rework, and is it possible to eliminate it entirely without sacrificing your yields?
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - smt007 Magazine
Solectron in Compliance with Debt Covenants
July 16, 2003 |Estimated reading time: Less than a minute
Milpitas, Calif. — Solectron Corp. has obtained amendments to the definitions of minimum tangible net worth covenants of the company's undrawn, $450 million credit facilities.
As a result, the company remains in compliance with all of its debt covenants.
The amendments were obtained July 9 and are effective retroactively to May 30, 2003. In its June 19 earnings release, Solectron said it was seeking the amendments as a result of non-cash charges recorded in the company's fiscal third quarter, which ended in May. Information about the amendments was contained in Solectron's Form 10-Q report filed Friday with the Securities and Exchange Commission.
Solectron Corp. provides a full range of global manufacturing and supply-chain management services to the world's premier high-tech electronics companies. For more information, visit www.solectron.com.