MINNEAPOLIS -- HEI swung to a net profit despite a 25% year-over-year drop in revenue for its fourth quarter ended Dec. 28. The contract assembler reported sales of $8.59 million, down as a result of lack of follow-on orders for military radio system components due to delays and reductions in government procurement.

REDMOND, WA -- Data I/O reported a smaller fourth-quarter net loss despite lower sales. Net sales for the period ended Dec. 31 were 3.3 million, down 10.8% from 2012, while the net loss shrank 53% to $1.6 million.

WASHINGTON, DC -- The US Department of Defense will host a public meeting to obtain views of experts and interested parties in the public and private sectors regarding further implementation of the requirement for detection and avoidance of counterfeit electronic parts. The requirements were established by the National Defense Authorization Act of 2012.

FRAMINGHAM, MA – Server sales from factories worldwide fell 4.4% year-over-year to $14.2 billion in the fourth quarter, the fourth consecutive quarter of year-over-year revenue declines. Server demand remained weak ahead of a forthcoming refresh cycle, which is expected to emerge in early 2014, said International Data Corp.