IN BRIEF.VALLEY INDEX FALLS: Shares of most companies in the Daily News Index were lower Monday, led by Sylmar's MiniMed Inc. and Westlake Village's NetZero Inc. MiniMed dropped $3.0625 to $64.875. NetZero fell $1 to $22.125. - Daily News SEMTECH PURCHASE: Integrated circuit integrated circuit (IC), electronic circuit built on a semiconductor substrate, usually one of single-crystal silicon. The circuit, often called a chip, is packaged in a hermetically sealed case or a nonhermetic plastic capsule, with leads extending from it for manufacturer Semtech Corp. announced late Monday it plans to acquire a 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 company that makes products for notebook computers and palm-top organizers. Newbury Park-based Semtech said it will incur a charge of $500,000 in the fourth quarter to account for the merger with USAR USAR abbr. United States Army Reserve Systems Inc. The merger will allow USAR to offer its products in tandem Adv. 1. in tandem - one behind the other; "ride tandem on a bicycle built for two"; "riding horses down the path in tandem" tandem with Semtech circuits, the company said. - Daily News CASE CLOSED: Westlake Village-based Pinkerton USA said it will buy American Protective Services Inc. of Oakland and First Security Services Corp. of Boston. Terms were not disclosed. Pinkerton said the deals make it the market share leader in the U.S. security market with annual revenues of about $1.5 billion. Pinkerton is a unit of privately held Securitas Group. - Daily News YARC YARC You're Absolutely Right, Commander (military slang) FUNDING: Yarc Systems Corp. has received a $10 million interest-only loan Interest-only loan A loan in which payment of principal is deferred and interest payments are the only current obligation. that will provide enough funding to expand the Camarillo-based company's merger and acquisition activities, the company announced Monday. Part of the funding will be used to grow Yarc's first acquisition, Quality Photographic Imaging. The remainder of the funding will be used to complete other acquisitions Yarc has identified within the printing industry, the company said in a statement. - Daily News |
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