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Loss Could Hit $20 Million for Rochester, N.Y.-Based Electronics Maker.

Post-Bulletin (Rochester, MN)

| July 02, 2002 | COPYRIGHT 2002 Post-Bulletin. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Bob Freund

Jul. 2--Pemstar Inc.'s finances won't get any better in its upcoming first-quarter report, due partially to the bankruptcy of a Top 20 customer.

Chief financial officer Bill Kullback also has left the Rochester-based electronics manufacturer, the company said this morning. Director Greg Lea, a former executive with Josten's and IBM Corp., was elected interim chief financial officer.

Kullback resigned "to pursue other opportunities," the company said in a statement.

The contract manufacturer said its loss for the quarter ending June 30 likely will grow to between $18 million and $20 million, well above the prior ...

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Source: HighBeam Research, Loss Could Hit $20 Million for Rochester, N.Y.-Based Electronics...