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DALLAS -- EMS company TXP Corp. took another blow last week as a major creditor demanded reimbursement by today.

YA Global on Jan. 8 notified TXP of its default over a failure to pay more than $250,000 and is demanding the company assemble all its pledged property, which YA Global intends to take possession of today. Read more ...

SANTA CLARA, CA – EMS firm NBS will acquire CompServ, whose president will head the companies, the company said today. Financial terms of the deal were not disclosed.

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SAN JOSE -- Flextronics is analyzing the potential effects of Nortel’s impending bankruptcy on the EMS company’s finances and operations.

The contract assmbler has contracted with Blackstone Group as a financial adviser to study the impact, the company revealed.

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SAN JOSE – The MicroElectronics Packaging and Test Engineering Council has named Ronald Steger, partner-in-charge of global semiconductor practice, KPMG, as keynote speaker for its Feb. 19 symposium in San Jose.
 
In his presentation, The Consumer Electronics Boom - How Semiconductor and Consumer Electronics Companies Can Improve Cost, Time-To-Market and Product Quality, Steger will provide analysis of survey results, with a particular emphasis on time-to-market and cost-reduction initiatives.
 
Other topics at the symposium, titled Semiconductor Packaging – Impacting the Age of Consumer Electronics, include time-to-market and consumer semiconductor packaging; cost-of-ownership challenges for consumer products; solutions for consumer product miniaturization, and advancing technologies for consumer electronics.
 
ELKHART, INCTS Corp. today reaffirmed its financial guidance for full-year 2008 sales, expected to be essentially flat from 2007.
 
CTS will release earnings for the fourth quarter and 2008 on Jan. 28.
 
CTS designs and manufactures electronic components and sensors, and is a provider of EMS to OEMs in the automotive, computer, communications, medical, defense and aerospace and industrial markets.
 

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.

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