AILING FIRM REVISES BOARD : EXECUTIVES QUIT DATAMETRICS.Byline: P.J. Huffstutter Daily News Staff Writer In a bid to boost revenues and its faltering stock prices, Datametrics Corp. on Wednesday Wednesday: see week. restructured its board of directors. Richard A. Foster resigned as chairman of the Woodland Hills company and Dann V. Angeloff quit as the firm's director. Daniel P. Ginns, currently president of the financial advisory firm Belmont Capital, Inc., was named Datametrics' new chairman. In addition to Ginns, three others have been added to the Datametrics board: Adrien A. Maught, president of the Adrien A. Maught Company, a management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects firm; Douglas S Douglas, city, Isle of Man Douglas, city (1991 pop. 19,950), capital of the Isle of Man, Great Britain. It is a popular resort, connected by rail to Ramsey and Port Erin, on the Irish Sea. Tourism is the chief industry. . Friedenberg, president of Firebird Management Corp., a financial advisory firm; and James Haber, the sole general partner of Infiniti Investment, L.P., an investment limited partnership. Ginns' firm, Belmont, has been retained by the board to undertake ``a complete strategic and operational examination of the company,'' according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a Datametrics statement. ``This is great news for Datametrics,'' said Seth Feinstein, a financial analyst and Datametrics shareholder. ``The company has been in trouble for a while.'' The maker of high-speed computer printers and other computer products reported a $2.83 million loss for the fiscal third quarter ending July 28. For the fiscal year ending Oct. 29, 1995, the company's net loss was $9.2 million, or 84 cents a share. Its stock, which traded at nearly $12 a share almost a year ago, dipped to a personal low at 87 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. Monday. On Tuesday, after the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. closed, a group of investors that owns a 10.8 percent stake announced it was seeking a new board of directors. The next day, the company announced that Foster and Angeloff had resigned. Datametrics stock jumped nearly 68 cents per share after Wednesday's news, closing at $1.9375. ``The stockholders approached us last month about this matter,'' Ginns said. ``We are determined to turn this company around.'' Angeloff admits that he and Foster were forced to resign. ``There was no choice in the matter,'' said Angeloff, a corporate financial adviser based in downtown Los Angeles Downtown Los Angeles is the central business district of Los Angeles, California, located close to the geographic center of the metropolitan area. The sprawling, multi-centered megacity is such that its downtown core is often considered just another district like Hollywood or . ``They came in and took control of the company. They think they can do a better job. I wish them well.'' |
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