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MACAO, CHINA -- Nam Tai Electronics today announced that Chan Sze (Anthony) Chung has resigned as acting chief financial officer.

M.K. Koo has been appointed as executive chairman and chief financial officer. Koo is a founder of the Nam Tai Group and has served various senior executive positions over the years.

TAIPEI -- Compal Electronics reported second-quarter net profit rose 1.1% year-over-year to T$3.237 billion ($98 million) on a 40% jump in sales to T$121.9 billion.

REDMOND, WA – Data I/O Corp., provider of manual and automated device programming systems, reported fourth-quarter 2008 revenues of $5.6 million, down 27.3% year-over-year.

Net income was $78,000, compared with net income of $1.09 million in the same quarter of 2007. This includes a restructuring charge primarily related to severance of $535,000.

For full-year 2008, revenues were $27.6 million, up 2.9% year-over-year. Net income was $5.13 million, up 83.8% compared to 2007.

Fred Hume, president and CEO, said, “We had success in acquiring new customers and had strong orders from European customers. During the fourth quarter, we also took action to further reduce our operating expense to bring our estimated revenue breakeven under $5 million per quarter, while increasing our cash reserves to $13.3 million."

SIOUX FALLS, SD – EMS provider Electronic Systems Inc. has received its official International Traffic in Arms Regulations registration from the US Department of State, Bureau of Political-Military Affairs.

ITAR regulates the manufacture, export and transfer of defense articles, information, and services. Registration means a firm is positioned to fully support defense-related projects in the US.

ITAR compliance is a key program to support military and homeland security customers. The program enhances existing intellectual property and document control policies and helps protect sensitive products and information.

ITAR is administered by the US Department of State's Directorate of Defense Trade Controls, under authority established by the Arms Export Control Act.

ESPOO, FINLAND – Elcoteq has joined its home communications and personal communications businesses into one business unit: consumer electronics, say published reports.

Approximately 150 staff will be laid off as a result of this restructuring; talks have begun in Finland on this matter.

Effective immediately, the firm has appointed managers Sándor Hajnal in human resources and Tomi Saario in new sales and business development.

Consumer electronics will now represent about 75% of the firm’s sales, while system solutions will account for roughly 25%.