IN BRIEF.VALLEY INDEX RISES: Stocks in the Daily News-Bloomberg Index rose 0.97 to 129.06, led by Tekelec of Calabasas and Amgen Inc. of Thousand Oaks Thousand Oaks, residential city (1990 pop. 104,352), Ventura co., S Calif., in a farm area; inc. 1964. Avocados, citrus, vegetables, strawberries, and nursery products are grown. . Tekelec rose 4-7/8 to 40-1/4. Amgen Inc. rose 2 11/16 to 53 15/16. - Bloomberg News IWERKS SUED: Burbank-based Iwerks Entertainment Iwerks Entertainment was founded in 1985 by Stan Kinsey and Don Iwerks, two former Disney Executives, and became well known through 1996 as a leading developer of special venue and virtual reality theaters throughout the world. Inc. has been sued by rival Imax Corp. in federal court in 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 on grounds that Iwerks' pending takeover of Showscan Entertainment violates anti-trust laws. Iwerks said the suit is frivolous and intended to force Iwerks to settle a suit it has against Imax over that company's attempts to illegally dominate the giant-screen market. - Daily News MORE MONEY: Recovery in California's real estate market added $106 billion to the value of single-family homes and condominiums in the state, a real estate information service said Friday. By the end of 1997, the state's 7 million homes were worth $1.4 trillion, up 8.2 percent from $1.3 trillion a year earlier, 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. data compiled by Acxiom/DataQuick Information Systems. Values rose 5.9 percent in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. County and 4.1 percent in Ventura County. - 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. EARNINGS Trio-Tech International San Fernando-based maker of environmental test equipment Dec. 2nd Qtr. 1997 1996 Sales $4.8 million $5.4 million Net Income $181,000 $202,000 Net Per Share 8 cents 9 cents The company attributed the sales decline in part to a drop in testing volume in Southeast Asia. Networks Electronic Corp. Chatsworth-based maker of bearings, rod ends, ignitors and seals Dec. 2nd Qtr. 1997 1996 Sales $1.6 million $978,629 Net Income $257,184 $25,970 Net Per Share 15 cents 2 cents |
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