If you don't have past/current projects listed on your CV then you are crazy! That is probably the most important part for a graduate, or anyone for that matter.
No one will give a toss about what grades you got, what classes you studied, that you made shift manager at Macca's, or that you are the dean's pet student. All they care about is what stuff you have worked on, what stuff you think you know, and how keen you are.
Always put a short summary at the top as the first thing. i.e "I have X years experience in analog and high speed circuit design. I specialise in X and X" etc.
Summary first, key skills list second, reverse chronological work history third, personal projects and publications, and finally qualifications last.
If you think you have in-depth knowledge of something, then say so, don't hold back. You MUST appear confident in your abilities.
Forget anything to do with high school, hobbies, your pet dog, or previous jobs unrelated to the field, no one cares.
DO mention that you read and participate in forums, read mags, and have an active interest in the electronics industry outside of work or regular study, that will set you apart.
Feel free to bullshit a little if you think you can back it up!
I had a new-ish grad once say he was an "expert in microcontrollers" so I asked him to name two brands. He scored zero.
I agree with Ross, it pays to customise your resume.
Resumes get sorted by "sniff test", a 10 second scan is often all they get. Stand out in the first sentence.
Dave.