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ST. PETERSBURG, FL -- Jabil Circuit today reported fiscal first quarter revenues of $3.38 billion, basically flat versus last year. The company's gross profits slipped to $223.7 million from $239.7 million in the year ago quarter.

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ARMONK, NY -- IBM will lay off 5,000 workers in its services divisions in the US, the Wall Street Journal reported today, citing an IBM manager.

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PALO ALTO, CA -- Agilent will lay off 2,700 workers as part of a major restructuring of its Electronic Measurement and Test businesses in response to a sustained 30% reduction in demand.

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LOUISVILLE -- A Flextronics subsidiary will lay off about 150 workers here, according to a state filing.

Flextronics Global Services, which employed 940 staffers as of 2007, repairs cellphones, bar code readers and home electronics.

COLONIE, NY -- PVA will relocate its US operations by July to a 115,000 sq. ft. facility here, approximately 5 miles south of the old site.

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ST. PETERSBURG, FL -- Jabil reported second-quarter revenues fell 5.5% to $2.89 billion. The net loss was $42.1 million, down from a loss of $24 milion a year ago.

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