TAIPEI -- Hon Hai Precision Industry's (Foxconn) 2008 unconsolidated net profit fell 29% even as its unconsolidated revenue rose 19% to an all-time high of nearly NT$1.5 trillion.

For the year ended Dec. 31, the contract electronics assembler reported net profits of NT$55.13 billion ($1.59 billion) on sales of NT$1.47 trillion ($42.3 billion in today's dollars).

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OFAKIM, ISRAEL -- Flextronics has begun layoffs of about 200 employees at its plant here, according to local reports.

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KIRKWOOD, NY -- Universal Instruments is laying off about 35 workers from its plant here, according to several reports.

Local television stations are reporting the placement equipment OEM will consolidate its operations in its Conklin headquarters.

TORRANCE, CA – Technical Devices Company has acquired all marketing, sales/distribution, and service rights for the AquaTherm batch cleaner and X-Series vertical stencil cleaner from Austin American Technology of Burnet, TX, effective immediately.

Technical Devices is the exclusive North American distributor of these products.

Under the multiyear exclusive distribution agreement, AAT will no longer manufacture batch and stencil cleaning systems for sale to the public.

No financial terms of the agreement were disclosed.