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BRIEFLY SYNCOR SUBSIDIARY TO BUY 14 CENTERS.


Comprehensive Medical Imaging Inc. has signed a $40 million deal to purchase 14 medical imaging centers in California and Florida from US Diagnostic, a company official said Friday.

Comprehensive Medical Imaging, a subsidiary of Woodland Hills-based Syncor International Group, will pay approximately $39.5 million in cash and assume $1.5 million in debt for the centers.

CMI (Computer-Managed Instruction) Using computers to organize and manage an instructional program for students. It helps create test materials, tracks the results and monitors student progress.  operates 42 medical imaging centers located in 11 states. The acquisition will increase the number to 56 within the same 11 states.

Robert Funari, Syncor's president and chief executive officer, said the deal further strengthens the company's presence in South Florida and California.

- Daily News

Gateway offering PC trade-in credit

In an industry first, Gateway Inc. is now offering to credit customer trade-ins of competitors' PCs toward the purchase of one of its new systems.

The San Diego-based company, which sells computers over the Internet and through its Gateway Country stores, will offer consumers and businesses the fair-market trade-in value trade-in value trade nGebrauchtwert m  of any Pentium processor-class desktop computers running at 75 megahertz One million cycles per second. See MHz.

MegaHertz - (MHz) Millions of cycles per second. The unit of frequency used to measure the clock rate of modern digital logic, including microprocessors.
 or higher.

By Sept. 30, the company will extend the program to all PCs, spokesman Brian Williams This article is about the American journalist. For other uses, see Brian Williams (disambiguation).
Brian Douglas Williams (born May 5, 1959) is an anchor and managing editor of NBC Nightly News, the flagship evening news program of the NBC television network.
 said Friday.

Of course, trade-in credit will be negligible if the computer is obsolete - and is turned in at Gateway's instructions to a recycling center rather than the company.

Gateway is the fourth-largest PC seller in the country, behind Dell Computer Corp., Compaq Computer Corp. and Hewlett-Packard Co., 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.
 recently released figures from research firms Dataquest and IDC.

Like some other manufacturers, Gateway has long accepted its own PCs as trade-ins toward new machines. But U.S. personal computer sales have been lagging Lagging

Strategy used by a firm to stall payments, normally in response to exchange rate projections.
 recently.

- Associated Press Associated Press: see news agency.
Associated Press (AP)

Cooperative news agency, the oldest and largest in the U.S. and long the largest in the world.
 

Aetna profits drop in second-quarter

Aetna, the nation's largest health insurer, reported a 17 percent drop in second-quarter profits Friday as more people sought increasingly costly treatment. But it said it was moving along on sweeping changes aimed at improving business.

``We recognize that we must remake re·make  
tr.v. re·made , re·mak·ing, re·makes
To make again or anew.

n.
1. The act of remaking.

2. Something in remade form, especially a new version of an earlier movie or song.
 our model to better serve employers and consumers and improve relationships with physicians and hospitals,'' said William H. Donaldson, Aetna's chief executive.

Donaldson said Aetna had begun increasing prices for managed care coverage and giving regional managers greater authority in dealing with costs and pricing. For consumers, he said, Aetna was trying to make its services easier to use.

The earnings for the second quarter, excluding charges, fell to $134 million, or 94 cents a share, down from $160.9 million or $1.03 a share in the same quarter a year earlier. Aetna attributed the decline mainly to higher-than-expected costs for treating patients.

The results were better than the lowered average profit predictions by analysts of 88 cents a share, but far worse than the original consensus estimate of $1.20 before Aetna said in mid-July that it would not meet that target. Investors responded by bidding up Bidding up

Moving the bid price higher.
 share prices $1.187, to $59.50.

- The 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
 Times

Damages not part of Morris' report

MIAMI Miami, cities, United States
Miami (mīăm`ē, –ə).

1 City (1990 pop. 358,548), seat of Dade co., SE Fla., on Biscayne Bay at the mouth of the Miami River; inc. 1896.
 - When Philip Morris reports its third-quarter results later this year, don't expect to see its share of the largest punitive award in history sullying the company's bottom line.

The New York-based food and tobacco conglomerate lost the biggest share of the $145 billion smokers' punitive damage award - $73.96 billion - but won't show any loss from the verdict on its books, at least for now.

Its reasoning is based on a two-pronged accounting rule in place for decades that requires companies to record liabilities when they can be estimated and are considered probable.

- Associated Press
COPYRIGHT 2000 Daily News
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2000, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Title Annotation:Business
Publication:Daily News (Los Angeles, CA)
Geographic Code:1USA
Date:Aug 5, 2000
Words:581
Previous Article:IN BRIEF.(Business)
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