Hon Hai Targets 30% Revenue Rise

Taiwan's Hon Hai Precision Industry Co., the world's largest contract electronics maker, is targeting a 30% increase in sales in 2009 despite an 8% fall in revenues in the first quarter. The company, which makes a wide range of white-label electronics goods, recorded revenues of 1.47 trillion Taiwanese dollars (43.5 billion US dollars) in 2008. source: Total Telecom/Dow Jones