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SEOUL -- The suitors for Daewoo Electronics include a US private equity firm and a Russian manufacturer, the company's creditors said today.

Woori Bank and Korea Asset Management, which own 97.5%of the South Korean consumer and white goods OEM, disclosed Ripplewood and Digilant Systems as finalists. The sale is expected to be completed by year-end.

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ST. LOUIS – LaBarge Inc. has received an add-on contract for $7 million from Raytheon Missile Systems to continue to provide cables and electronics assemblies for the Tactical Tomahawk cruise missile.
 
The contract is in addition to the $9.2 million the firm announced last February.
 
Production at LaBarge’s Joplin, MO, and Huntsville, AK, facilities is expected to begin in November and continue through July 2010.
 
WOBURN, MA – From the ashes of MassTech EMS and Nexus Nano Electronics has come a new electronics manufacturing company: Newview EMS Corp. 
 
Paul Walker, former founder and CEO of SMTC, is reportedly involved with the new company, as is Jerry Panos, the former CEO of MassTech and Neo Nano.
 
The new company is located at the former Nexus Electronics site on New Boston St. in Woburn, MA.

This new development marks an end to the various incarnations of Nexus Nano. Last November, Titan Global Holdings purchased the assets of Nexus Nano, including the former Nexus Electronics site in Woburn and the Nexus operations in Brandon, VT. The division was renamed Neo EMS shortly thereafter.

However, Titan quickly decided to sell the division. The Neo EMS facility in Vermont was closed Aug. 13. The company’s answering service references callers to Titan Global Holdings’s corporate headquarters in Richardson, TX.

Nexus had revenues of $12 million in the period ended June 30, 2007. Titan has not reported the group’s revenues for fiscal 2008. 
 
NEWARK, NY – EMS provider IEC Electronics Corp. reported fourth-quarter revenue of approximately $16 million, up 40% year-over-year.
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SAN JOSECisco Systems named ISU Petasys Supplier of the Year for excellence across all operational areas in the supply chain: technology, quality, delivery, cost, fulfillment and responsiveness. The printed circuit board fabricator was also nominated for the award in 2007.
 
ISU is one of Cisco's four main PWB suppliers. 
 
“ISU has consistently exceeded expectations by demonstrating superior responsiveness and flexibility in all areas of our partnership,” said Gina Balunas, Cisco director of global supply management, in a press release. “The result is an enhanced experience for Cisco customers and a mutually beneficial supplier and partner relationship.”
 
"It is very meaningful that we were recognized by Cisco, the world's leading communications equipment provider," said Sang Kim, chairman, ISU Petasys. "Our ability to cohesively manage a great collection of quality and technology, including competitiveness in performance, was proven by this award. Our goal is to become a world-class company. This award is a platform to be the number one PCB manufacturer worldwide in quality, technology and service."

TAIPEI -- Asustek Computer will postpone the planned hirings of some 1,500 workers in response to the slowing economy, according to published reports.

In today's newsletter, DigiTimes reports Asustek has instituted "a high standard to inspect its human resource demands in each department." The company, DigiTimes said, "will continue on schedule with its personnel plan for next year, so it does not really consider itself as having a hiring freeze."

Asustek is one of the world's largest PC manufacturers and its ODM revenues rank it third in the world.

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