Investment bank Deutsche Bank recently lowered its estimates for the connector and distribution industries to incorporate the recent decline in the euro and dollar exchange rate, higher borrowing costs and slowing macro-economic environment.
The bank believes many investors are currently overlooking the impact from Forex (over-the-counter markets) particularly for companies like Arrow, Avnet, and Tyco Electronics who record more than 30 percent of their sales in euros / British pounds.
In addition, the bank feels the outlook for almost every technology end market has deteriorated over the past quarter (auto, handsets, personal computing, IT infrastructure, communications infrastructure, etc), and will likely get worse before it gets better given its cautious view on the global consumer (housing market, unemployment, tighter credit) and discretionary technology spending by corporations and carriers.
Source: Deutsche Bank
Get list of EMS manufacturers for your requirements (Its free)
Save time and money. Find quality EMS manufacturers. Fast. Venture Outsource has a massive, global database of contract electronic design and manufacturing capabilities. Speak with a Provider Advisor.
“Was able to very quickly find details on the important elements of setting up EMS and ODM partnerships, talked with an advisor for personalized info on quality providers matching our requirements while getting up to speed quickly about the industry and connect with key staff from like-minded companies and potential partners. Great resource.”
— Jeff Treuhaft, Sr. Vice President, Fusion-IO
Advisors tell you matches we find for your needs, answer your questions and, can share EMS industry knowledge specific to your industries and markets.
