, Columnist
Foxconn IPO Shows an Unfit Industry
The connector unit's declining sales and narrowing margins are a sign of tough times.
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Foxconn Technology Group's latest IPO is giving the world a clearer picture of just how tough the technology environment really is.
In 455 pages of pre-listing documents filed to the Hong Kong stock exchange, Foxconn affiliate FIT Hon Teng gives an array of data that, despite its sales pitch, actually shows how weak the industry looks.