Celestica (CLS $7.21 -0.26) announces that over the course of the next 3-6 mos, it will wind down its manufacturing services for Research in Motion (RIMM $10.86 -0.02). The comapny has been a high-performing manufacturing supplier for RIMM and will work closely with RIMM throughout the transition. As discussed on the co's first quarter results conference call on April 24, CLS has been working with RIMM as it assesses its supply chain strategy. CLS estimates that prior to any recoveries, its restructuring charges will not exceed $35 million.
In addition, the comapny reaffirmed guidance for the second quarter with EPS of $0.20-0.26 versus the $0.24 consensus with revenues of $1.65-1.75 billion versus the $1.71 billion versus the consensus.






