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MACAO, CHINA – EMS provider Nam Tai Electronics today announced negotiations have begun to sell its entire interest in its subsidiary, J.I.C Technology Co. to an unidentified company.

SAN JOSE – Flextronics will add production and up to 1,000 new employees in Hungary this spring, according to published reports.

SAN JOSE – Sanmina-SCI has signed a definitive agreement with Foxteq Holdings (a subsidiary of Foxconn Technology) to sell certain assets of its PC business, the company said today.

YAVNE, ISRAEL – Orbotech today reported fourth-quarter revenues of $103.6 million, flat with 2006. The net loss for the period ended Dec. 31 was $1.1 million, down from net income of $9.4 million a year ago.

The net loss includes an impairment charge of $4.7 million to write-down goodwill and intellectual property of Orbotech Medical Solutions Ltd.; restructuring charges of $500,000, $1.9 million of amortization of intangible assets from the acquisitions of 3 D - Danish Diagnostic Development A/S and New System during 2007, and $900,000 in share-based compensation expenses.

For the year, the inspection equipment maker reported revenues fell 13% to $360.7 million. Net income fell 97% to $1.5 million.

For the quarter, bare board equipment sales were $50 million, up from $40.8 million a year ago, on strong customer demand for LDI systems. Flat panel display inspection equipment sales were $10.6 million, down from $27.8 million. PCB assembly equipment sales were $8.3 million, down from $8.5 million. Service revenue increased to $25 million from $22.9 million a year ago.

Cash flow was up $10.5 million.

SPOKANE, WA – EMS provider Servatron Inc. announced record revenue for the year ended Dec. 31 on new customer wins and higher orders from existing customers. Gross revenue exceeded $32 million in sales for 2007, up 39% over 2006.

During the year, the company combined operations previously in two separate facilities, and added 10,000 sq. ft. of floor space, bringing the total production area to 61,000 sq. ft.

During the expansion, Servatron installed a new surface mount line and added AOI capabilities.

Tod Byers, company president commented, "In 2007 we achieved our goals through adding several new key customers, while many existing customers increased orders for the year."

SMYRNA, GA – UP Media Group announced that Virtual PCB, the industry's first virtual trade show and conference for PCB design, fabrication and assembly, was a rousing success.