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JACKSON, MI – Sparton Corp. reported a net loss of $13 million on sales of $229.8 million for the fiscal year ended June 30. Sales were up 15%, but the net loss widened 68%. Operating losses declined from a $12.2 million loss in fiscal 2007 to a $6.9 million loss in 2008.

GLENVIEW, IL – Illinois Tool Works today reported operating revenues rose 10.1% for the three months ended Aug. 31, on the back of translation and acquisitions.

CHANDLER, AZ – Isola USA today filed orders against TUC and ITEQ, demanding the companies cease all acts that would infringe on the firm’s patents.

Isola filed a cease and desist against TUC, claming its TUC662 and TUC752 products violate China patent no. 123529 covering fillers for improved epoxy laminates.

Isola further claims ITEQ’s ITEQ 200DK violates China patent no. 142122.

In both cases, Isola also filed Injunctions in China’s IP court to prohibit the companies from manufacturing, using or exporting or importing the products.

“Isola has experienced significant growth in low DK materials over the last few years and we are initiating this legal action to protect our Intellectual property rights,” said Ray Sharpe, CEO of Isola Group.

PALO ALTO, CA – Tech giant Hewlett-Packard said it would cut 24,600 jobs worldwide – about half in the U.S. – during the next three years, in response to its acquisition and integration of Electronic Data Systems.

The computer maker purchased the Texas-based business services outsourcer last month as part of a $13.9 billion deal .

The cuts will affect 7.5% of the combined workforce, and HP will record a charge of $1.7 billion in the fourth quarter fiscal 2008 as a result of the restructuring program.

Once completed, the program is expected to result in annual cost savings of approximately $1.8 billion, HP said.

LAKE FOREST, CA – Probe Manufacturing’s board has cut ties with chief executive Reza Zarif and named Barrett Evans interim CEO.

Zarif, who was on a month-to-month employment agreement, remains on the company’s board.

The company reported 2007 revenues fell 26% to $6.9 million, although the net profit was up 148% to $374,896.

Evans will receive a base salary of $175,000.

MALVERN, PA – Vishay Intertechnology has acquired a specialty capacitor (wet tantalum) product line from Kemet Corp. for $35.2 million and other consideration in the form of a three-year term loan of $15 million.

Sales of these products during Kemet’s fiscal-year ended March 31 were approximately $16 million, of which approximately $7 million represent former Arcotronics products (acquired last year by Kemet ) sold mostly outside of the US.

Worldwide sales during the quarter ended June 30, 2008 were $4.4 million.

Closing is scheduled to occur by the end of business today.

SAN FRANCISCO – Major IT OEMs gave cautious outlooks on the macro environment and overall IT spending at an analyst-sponsored conference last week.

SMYRNA, GA – Circuits Assembly will accept entries for its 2009 New Product Introduction Award for electronics assembly equipment, materials and software suppliers beginning Nov. 3.

RENTON, WA – Microscan will purchase Siemens' machine vision business for an unspecified amount. The deal is expected to close Sept. 19. Microscan said it would maintain the Nashua, NH, site of the Siemens' business, formerly Acuity CiMatrix, and retain the majority of the workforce.

CARLSBAD, CA – Asymtek has expanded its facility in Singapore to include a modern lab with a full range of dispensing and coating equipment.

The company is colocated in the facility with parent Nordson and fellow subsidiary EFD. Asymtek offers equipment service, product demonstrations and the latest technical data on dispensing at the site.

WASHINGTON, DC – Two top electronics trade groups are talking merger in what would become the nation's largest tech trade group, boasting more than 2,600 member companies and annual revenues of more than $26 million.

The AeA (formerly the American Electronics Association) and the Information Technology Association of America announced discussions to merge the trade associations' memberships and programs.

ST. PETERSBURG, FL – After a minor battle broke out over its secret deals with the local city council, Jabil Circuit appears to be in line for a host of incentives to remain here. The EMS company will keep its headquarters here and expand into a proposed facility, according to reports in local papers today.