Celestica to stop making products for RIM

Contract electronics manufacturer Celestica Inc said it will stop making products for Research in Motion Ltd , its largest customer, over the next three to six months as the BlackBerry maker shrinks its global supply base.

RIM accounted for 19 percent of Celestica's first-quarter revenue, down 16 percent from a year earlier due mainly to weak demand for BlackBerry products and program transitions at the smartphone company.

Celestica is involved in the production of better-performing RIM products such as the Bold 9900 and Curve 8520 and provides some after-market services from its operations in Mexico, Romania and Malaysia.

Struggling RIM has hired bankers from J.P. Morgan and RBC Capital to help evaluate its strategic optionsž.

Read Full Article from Reuters

- Posted: 2012-06-18 11:25:02

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