No savings this year for Rakon’s manufacturing shift to China, grand plan coming in July

Thu, 23 May 2013

By Paul McBeth May 23 (BusinessDesk) - Rakon, which makes crystal oscillators used in smart phones and navigation systems, doesn’t expect dividends from its decision to shift its local manufacturing to China this year, but is promising investors will get a better steer on its fortunes in a July update. Last year’s decision to cut up to 60 local jobs and shift manufacturing to China won’t provide any boost to the company’s profit margins this year, with the $10 million improvement flagged in November likely to be further out, managing directo...

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