BUSINESS NOTES\DEVELOPMENTS.Byline: Daily News Datron Systems Inc. plans to consolidate its image procession division in San Jose San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. with its ground station business in 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. in a cost-cutting move. The company expects to take a $1.4 million charge related to the restructuring in its fourth quarter of 1996. The charge includes costs associated with employee terminations and future losses on its lease in San Jose. Because of the cost of restructuring, the company estimates it will incur a net loss in fiscal 1996 of $1.1 million to $1.3 million or $0.40 to $0.50 per share. DDL (1) (Data Description Language) A language used to define data and their relationships to other data. It is used to create the data structure in a database. Major database management systems (DBMSs) use a SQL data description language. Electronics Inc. has completed three private placement financings totaling about $10 million. The financing arrangements replace $7 million of short-term bridge debt incurred with the acquisition of SMTEK Inc. in January and, after financing costs and interest reserves, include more than $2 million of working capital for SMTEK. Newbury Park-based DDL Electronics Ltd. provides customized electronic manufacturing services to original equipment manufacturers in various industries. DEALS Gecko gecko (gĕk`ō), small or medium-sized lizard of the family Gekkonidae. The more than 300 species are distributed throughout the warm regions of the world, mostly in the Old World. Despite folklore to the contrary, their bite is not poisonous. Group Inc. has been awarded the contract for promotions and publicity for Travel Expo Inc. of Nevada and California. The Travel Expo exhibit hall can be found on the World Wide Web at http://www.travel-expo.com. Westlake Village-based Gecko provides marketing services through print and on-line promotions. DIVIDENDS Simi Valley Bank has declared a cash dividend of 25 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. of common stock. The dividend is payable to shareholders of records April 5. PRODUCTS Matech Advanced Materials Advanced Materials is a leading peer-reviewed materials science journal published every two weeks. Advanced Materials includes Communications, Reviews, and Feature Articles from the cutting edge of materials science, including topics in chemistry, physics, in Westlake Village has been granted two U.S. patents relating to its fiber-optic sensing technology. The sensors, which use porous ceramic beads at the end of an optical fiber, are intended for use in environmental and biomedical testing. PEOPLE IPC (1) (InterProcess Communication) The exchange of data between one program and another either within the same computer or over a network. It implies a protocol that guarantees a response to a request. Systems Engineering Inc. has named Robert R. Naranjo as senior designer for the Ventura-based oil industry consulting firm. Naranjo previously worked for Fenner Engineering in Ventura and Bartlett Design Associates in Santa Barbara. |
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