BRIEFCASE CAL AMP'S STOCK UP ON VYTEK NEWS.Byline: - Staff and Wire Services CAMARILLO - Shares of California Amplifier Inc. soared 39 percent in after-hours trading after-hours trading The trading of securities after the exchanges are closed. After-hours trading often refers to trading a listed security in the over-the-counter market after the exchanges have been closed for the day. after the company reported a solid third quarter and said it was buying Vytek Corp., a tech company focused on information access. Camarillo-based California Amplifier said the deal for San Diego-based Vytek is valued at $76.8 million. Vytek will become a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of California Amplifier in the first quarter of 2004. Additionally, California Amplifier said it earned $3.5 million, 22 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. , in the third quarter, up from $905,000, 6 cents, in the like period a year ago. Quarterly sales at the communications equipment manufacturer increased to $44.2 million from $24 million. Cal Amp's president and chief executive officer, Fred Sturm, credited stronger demand and higher prices of its latest satellite TV products for the strong result. The company now expects fourth-quarter sales in the range of $40 million to $48 million and earnings in the range of 18 cents to 24 cents per diluted share. In after-hours trading Cal Amp's stock was up $3.94 to $13.99. That was well above the 52-week high of $11.60 reached in late October. CSC's $1.7 billion deal for UK tie-up EL SEGUNDO El Segundo (ĕl sēgŭn`dō), industrial city (1990 pop. 15,223), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1917. Its products include navigation and computer systems, aircraft parts, office machines, telephone apparatus, and - El Segundo-based Computer Sciences Corp. announced Tuesday that it was awarded a $1.7 billion contract to run until 2013 with the United Kingdom's National Health Service. The contract was awarded as part of the NHS' national program to improve health care service for patients in the Northwest and West Midlands West Midlands, former metropolitan county, central England. Created in the 1974 local government reorganization, the county embraced the Birmingham conurbation and comprised seven metropolitan districts: Walsall, Wolverhampton, Dudley, Sandwell, Birmingham, Solihull, of England. Under the agreement, a CSC-led alliance will design, deliver and operate an integrated patient care record system to improve the way patient information is accessed and shared by 275,000 health professionals. Vivendi, Messier to give up millions NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of - French media giant Vivendi Universal will pay a $50 million penalty and former CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Jean-Marie Messier Jean-Marie Messier (born December 13, 1956) is a French businessman who was Chairman and Chief Executive of the multinational media conglomerate Vivendi SA (formerly Vivendi Universal) until 2002. will forfeit a $25 million severance package to settle fraud charges brought by U.S. regulators. The settlement was announced Tuesday by the Securities and Exchange Commission after an 18-month probe into Paris-based Vivendi, whose U.S. holdings include the Universal movie studio, Def Jam Records and the USA cable network. SEC court papers filed in New York accuse Vivendi, Messier and former company finance chief Guillaume Hannezo of deceptive accounting practices so the company could meet earnings estimates. In a September report, the SEC's French counterpart said Vivendi had broken French rules on financial disclosures. The investigation by that agency, the COB, continues. |
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