APPLIED CIRCUIT<ACRT> SELLS ELECTRONICS BUSINESS Applied Circuit Technology Inc (ACT) said it has agreed in principal to sell its primary computer electronics business to the <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.