real-time news and commentary for investors
Sunday, Sep 5
2010, 1:15 PM
Foxconn Chairman Terry Gou cuts the company's long-term sales growth target to 15% from its...
Foxconn Chairman Terry Gou cuts the company's long-term sales growth target to 15% from its longstanding 30%, asking how many $60B companies with nearly 1M employees still set growth targets that high. Foxconn, which manufactures products for Apple (AAPL), Dell (DELL) and Nokia (NOK) among others, faces more than just success of size; Apple's growth hasn't offset slowing PC sales, and a spate of suicides forced the company to raise wages.