21 REGIONAL FIRMS ON BIG-GAINS LIST.Byline: Jason Z. Cohen cohen or kohen (Hebrew: “priest”) Jewish priest descended from Zadok (a descendant of Aaron), priest at the First Temple of Jerusalem. The biblical priesthood was hereditary and male. Staff Writer When a business achieves revenue growth of more than 78,000 percent and comes in second, you know the competition is tough. Even though a Valley business wasn't on top, local firms - 21 of them - were all over the Deloitte & Touche Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. Technology Fast 50 list revealed Thursday night. EarthLink Network, a Pasadena-based Internet service provider Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. , stood squarely atop the list with five-year revenue growth of 158,405 percent. Xylan xylan /xy·lan/ (zi´lan) any of a group of pentosans composed of xylose residues; major structural constituents of wood, straw, and bran. Corp. of Calabasas, an independent company when the information was compiled but now a division of the French communications firm Alcatel, was second on the list with revenue growth of 78,361 percent for the five-year period. The rankings are based on revenue growth among technology companies in the five-county Los Angeles region. The competition is limited to firms that manufacture technology products or use technology primarily in their business. Competitors also must be more than 5 years old and have had 1994 revenues of at least $50,000. The competition was fierce, said Gary Dickey, a partner in the Los Angeles office of Deloitte & Touche. ``Revenue is just one measure, but if you look at the number of technology companies and the increase in that number over the past five years, that's been at a very strong rate,'' Dickey said. ``We're seeing a lot of strength in the Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, technology marketplace. We're seeing more venture capital flowing into the Southern California area.'' The picture is constantly changing, Dickey said. Of the top five firms, none was even on the list last year. Three, however, were listed last year as jump-starters, firms whose growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. would have placed them on the list if they had met the five-year eligibility requirement. This year's jump-starters include Dental Medical Diagnostic Systems Inc. of Westlake Village, which had revenue growth of 8,600 percent, enough to qualify for third place. The company will be eligible for listing next year, Dickey said. Just being on the list is a huge honor, said Govind R. Vaghashia, president and chief executive officer of Delta Circuits Technology of Van Nuys, a circuit-board maker whose products are in the international space station and Mars Pathfinder. ``Whatever the number or whatever the position, that's great, but we will be pursuing . . . first place,'' said Vaghashia, who was contacted before his company's 34th-place ranking was revealed. ``What it takes is the teamwork with the employees and state-of-the-art equipment.'' Bob Kassel, chief administrative officer A chief administrative officer (CAO) is responsible for administrative management of private, public or governmental corporations. The CAO is one of the highest ranking members of an organization, managing daily operations and usually reporting directly to the chief executive of Northridge-based Soligen Technologies, said his company's success can be attributed to a new way of thinking about manufacturing. The company, with a licensed process developed at the Massachusetts Institute of Technology Massachusetts Institute of Technology, at Cambridge; coeducational; chartered 1861, opened 1865 in Boston, moved 1916. It has long been recognized as an outstanding technological institute and its Sloan School of Management has notable programs in business, , has reduced the time it takes to bring cast-metal products to production, Kassel said. In the past five years, Soligen's revenue has increased 3,948 percent, good for fifth place on the Fast 50. TOP OF THE CHARTS The Valley and adjacent areas are well represented on this year's Deloitte & Touche Technology Fast 50 list, with 21 Valley and Ventura County companies on the list, including seven in the top 12: RANK, COMPANY, GROWTH (collective five-year revenue growth), HQ 2. Xylan Corp. 78,361 Calabasas 5. Soligen Technologies 3,948 Northridge 7. Advanced Recognition Tech 3,157 Simi Valley Simi Valley (sē`mē, sĭm`ē), city (1990 pop. 100,217), Ventura co., SW Calif. in an oil, fruit, and farm region; laid out 1887, inc. 1969. 9. THQ THQ Toy Headquarters THQ Territorial Headquarters THQ Tehsil Headquarters (Pakistan) THQ The Holy Quran THQ Theater Headquarters Inc. 1,518 Calabasas 10. MRV Communications  OverviewMRV NASDAQ: MRVC is a company that designs, manufactures, sells, distributes, integrates and supports communication equipment and services, and optical components. Inc. 1,407 Chatsworth 11. View Tech Inc. 1,315 Camarillo 12. Nova Development Corp. 1,294 Calabasas 19. jeTech Data Systems 530 Camarillo 21. EOS Eos (ē`ŏs), in Greek religion and mythology, goddess of dawn; daughter of the Titans Hyperion and Theia. Every morning she arose early and preceded her brother Helios into the heavens. Corp. 467 Camarillo 26. Vitesse Semiconductor 392 Camarillo 28. Optical Comm. Products 368 Chatsworth 30. Sound Source Interactive 363 Calabasas 31. Rifocs Corp. 347 Camarillo 33. ACT Networks Inc. 334 Calabasas 34. Delta Circuits Tech. 333 Van Nuys 35. Ampersand The ampersand (&) normally means "and" as in Jones & Company. However, in the computer world, it is used in various ways. In Windows, it is used as a code to precede an underlined character. Corp. 328 Glendale 36. No. American Scientific 318 Chatsworth 37. MiniMed 282 Sylmar 38. BioSource International 250 Camarillo 44. Irvine Optical Co. 183 Burbank 35. DataDirect Networks 169 Chatsworth SOURCE: Deloitte & Touche CAPTION(S): chart Chart: Top of the charts (see text) |
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