EXHIBIT 10.27


             ACCOUNTS RECEIVABLE PURCHASE MODIFICATION AGREEMENT


     This Accounts Receivable Purchase Modification Agreement is entered 
into as of December 8, 1998, by and between Integrated Packaging Assembly 
Corporation (the "Seller") whose address is 2221 Old Oakland Road, San Jose, 
California 95131 and Silicon Valley  Financial Services, a division of 
Silicon Valley Bank ("Buyer"), whose address is 3003 Tasman Drive, Santa 
Clara, CA 95054.

1.   DESCRIPTION OF EXISTING INDEBTEDNESS:  Among other indebtedness which 
may be owing by Seller to Buyer, Seller is indebted to Buyer pursuant to, 
among other documents, a Accounts Receivable Purchase Agreement, dated 
October 9 , 1998 by and between Seller and Buyer  ( the "Accounts Receivable 
Purchase Agreement").  Capitalized terms used without definition herein 
shall have the meanings assigned to them in the Accounts Receivable Purchase 
Agreement.   

     Hereinafter, all indebtedness owing by Seller to Buyer shall be 
referred to as the "Indebtedness" and the Accounts Receivable Purchase 
Agreement  and any and all other documents executed  by Seller in favor of 
Buyer shall be referred to as the "Existing Documents".

2.   DESCRIPTION OF CHANGE IN TERMS.

     A.   Modification(s) to Accounts Receivable Purchase Agreement, 
effective as of December 1, 1998:.

          The first sentence of Section 3.2. shall be amended as follows:

          On each Reconciliation Date Seller shall pay to Buyer a finance 
charge in an amount equal to 1.25 (%) percent per month of the average daily 
Account Balance outstanding during the applicable Reconciliation Period
(the "Finance Charges").

          The first sentence of Section 3.3. shall be amended as follows:

          On each Reconciliation Date Seller shall pay to Buyer an 
administrative fee equal to .50 (%) percent of the face amount of each 
Purchased Receivable first purchased during that Reconciliation Period (the 
"Administrative Fee").
	
          The first sentence of Section 17 shall be amended as follows:

          This Agreement shall be terminated June 1, 1999 unless terminated 
in writing by Buyer or Seller at a sooner date.

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3.   CONSISTENT CHANGES.  The Existing Documents are each hereby amended 
wherever necessary to reflect the changes described above.

4.   NO DEFENSES OF SELLER.  Seller agrees that, as of this date, it has no 
defenses against the obligations to pay any amounts under the Indebtedness.

5.   CONTINUING VALIDITY.  Seller understands and agrees that in modifying 
the existing Indebtedness, Buyer is relying upon Seller's representations, 
warranties, and agreements, as set forth in the Existing Documents.  Except 
as expressly modified pursuant to this Accounts Receivable Purchase 
Modification Agreement, the terms of the Existing Documents remain unchanged 
and in full force and effect.  Buyer's agreement to modifications to the 
existing Indebtedness pursuant to this Accounts Receivable Purchase 
Modification Agreement in no way shall obligate Buyer to make any future 
modifications to the Indebtedness.  Nothing in this Accounts Receivable 
Purchase Modification Agreement shall constitute a satisfaction of the 
Indebtedness.  It is the intention of Buyer and Seller to retain as liable 
parties all makers and endorsers of Existing Documents, unless the party is 
expressly released by Buyer in writing.  No maker, endorser, or guarantor 
will be released by virtue of this Accounts Receivable Purchase Modification 
Agreement.  The terms of this paragraph apply not only to this Accounts 
Receivable Purchase Modification Agreement, but also to any subsequent 
Accounts Receivable Purchase modification agreements.



This Accounts Receivable Purchase Modification Agreement is executed as of 
the date first written above.


SELLER:                             BUYER:

Integrated Packaging Assembly       Silicon Valley Financial Services,
Corporation                         a division of Silicon Valley Bank


By:                                 By:
   --------------------------------    ----------------------------------
Name:                               Name:
     ------------------------------      --------------------------------
Title:                              Title:
      -----------------------------       -------------------------------

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