2013 was a successful year for the company and I congratulate all of you for your contributions to that success. I am particularly proud of the positive feedback that I receive from customers, who regularly tell me that Fabrinet stands above our competitors in terms of manufacturing excellence and our commitment to total customer satisfaction. This positive feedback is a testament to our character and to your dedication to delivering nothing short of world-class service to our customers.
As we enter 2014, I believe we are well positioned to deliver another strong year. Demand trends, [including the need for more bandwidth in data center, telecommunications, enterprise and commercial networks, combined with an increasing number of applications for optics, industrial lasers and sensors,] should provide us with a solid foundation from which we can continue to grow our business. We will continue to align our resources to support our customers’ current and future engineering and manufacturing needs, while making investments that are in the best interests of our customers, employees and shareholders. To that end, we remain highly focused on the ideals that drive our consistent execution:
• We will aggressively pursue new revenue opportunities where our expertise and core strengths add value to our customers and potential customers.
• We will be strategic in our customer partnerships by collaborating on measures to improve product engineering, quality cost and on-time delivery.
• We will empower our staff to continuously improve our operations, lower production costs, increase our competitiveness, and support the success of our customers.
• We will profitably grow our company.
With our strong customer relationships and expanding pipeline of business, I am confident that with your continued hard work and support, we will be able to build off our successful 2013 and deliver another strong year of profitable growth.
On behalf of myself, the senior staff, and our customers, I want to thank all of you for your dedication and hard work. I wish each of you, and your families, a happy, healthy and prosperous 2014.
Tom