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REDMOND, WA – Data I/O Corp., provider of manual and automated device programming systems, reported fourth-quarter 2008 revenues of $5.6 million, down 27.3% year-over-year.

Net income was $78,000, compared with net income of $1.09 million in the same quarter of 2007. This includes a restructuring charge primarily related to severance of $535,000.

For full-year 2008, revenues were $27.6 million, up 2.9% year-over-year. Net income was $5.13 million, up 83.8% compared to 2007.

Fred Hume, president and CEO, said, “We had success in acquiring new customers and had strong orders from European customers. During the fourth quarter, we also took action to further reduce our operating expense to bring our estimated revenue breakeven under $5 million per quarter, while increasing our cash reserves to $13.3 million."

EL SEGUNDO, CA -- Although the outlook for the overall mobile handset market continues to dim, smartphones remain a bright spot with global unit growth as high as 11.1% in 2009, iSuppli Corp. predicts.

HARTLEPOOL, UK – Electronic manufacturing services company Stadium Group reported 2008 revenues rose 17% to £47.6 million and pretax profits were up 5% to £2.78 million, aided by the acquisition of Zirkon Ltd. Operating profits from Stadium Electronics and its subsidiary Stadium Power were above 25%.

Net cash flow was down 15% to £4.12 million for the year.

Chief executive Nigel Rogers said customer demand and visibility have been weak as 2009 gets underway. "We have experienced weakening of customer demand in the opening few weeks of 2009, and these conditions are expected to prevail in the short term. The full extent of the global downturn and its impact on manufacturers worldwide is as yet unclear. “

On Oct. 31, the Stadium acquired EMS provider Zirkon, and said today the integration of its operations “is progressing very well.”

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