DISCONTINUED UNITS HURT SIMI VALLEY'S WHITTAKER.Byline: Enrique Enrique (IPA [en'ɾike]) is the Spanish form of the name Henry. As a given name, it ranked 298 out of 1219 for males of all ages in the 1990 U.S. Census. Rivero Daily News Staff Writer Troubled 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. electronics company Whittaker Corp. said it lost $163.6 million, or $14.68 a share, for the fiscal year ended Oct. 31, blaming the bulk of the loss on two discontinued dis·con·tin·ue v. dis·con·tin·ued, dis·con·tin·u·ing, dis·con·tin·ues v.tr. 1. To stop doing or providing (something); end or abandon: units. The company said it lost nearly $122.5 million from the defense electronics unit it sold Sept. 30 and on its Xyplex Networks unit in Littleton, Mass., which makes remote access products that connect local area networks to wide area networks. The company had announced during the fourth quarter that it also wants to sell Xyplex. Once sold, Whittaker will focus its energies on reducing debt and on its aerospace business, chief financial officer John K. Otto Otto, Austrian archduke Otto: see Hapsburg, Otto von. said Tuesday. ``We're optimistic op·ti·mist n. 1. One who usually expects a favorable outcome. 2. A believer in philosophical optimism. op about the future of our aerospace business,'' he said. ``The outlook is good for that business.'' Total sales for the year were $95.1 million, down almost 4 percent from $98.6 million last year when the company posted a $17.1 million loss. |
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