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MINNEAPOLIS – HEI Inc. reported third-quarter net sales were $7 million, down 38% year-over-year.

The firm generated a net loss of $1.03 million, compared to net income of $156,000 for the same period last year.

Net sales for the first nine months of fiscal 2009 were $23.7 million, down 25% compared to the prior year period. The net loss was $934,000, compared to net income of $377,000.

"The results reflect the impact of some pricing concessions we made in order to retain certain business for HEI, and the discontinuation of certain products by some of our customers. The third quarter appears to be the low point," said HEI CEO Mark B. Thomas.

TAIPEI -- Foxconn plans to open up to 10,000 retail stores in China, hoping to raise brand awareness and lure even more manufacturing contracts, local media is reporting.

WASHINGTON -- Nokia has filed suits in multiple countries against a total of 11 companies, alleging price-fixing on LCDs.

VERL, GERMANY -- Smyczek GmbH, a German EMS company, has been acquired by the Beckhoff Group.

TAIPEI – Foxconn is in talks with Acer about producing its notebooks, say published reports.

Acer currently outsources its notebook production, with 40% of the 2010 production going to Compal Electronics, and Wistron and Quanta Computer getting 20% to 30% each. Remaining orders will go to Inventec, reports DigiTimes.

However, some analysts discount the odds that Foxconn will receive orders from Acer in the near future, the reports say.