APPLIED CIRCUIT&lt;ACRT> SELLS ELECTRONICS BUSINESS

  Applied Circuit Technology Inc
  (ACT) said it has agreed in principal to sell its primary
  computer electronics business to the &lt;Sanpao Group> of San
  Francisco.
      ACT said it has not disclosed the deal's terms, but added
  that 50 pct of the sale price is in cash, with the remainder to
  be paid over a two year period.
      The deal is expected to close on March 31, ACT said.
      ACT said it made the move to concentrate resources on its
  pharmaceuticals subsidiaries.
  

