IN BRIEF.VALLEY INDEX JUMPS: Stocks in the Daily News/Bloomberg Index rose 1.31 to 133.01, led by Camarillo's Vitesse Semiconductor Corp. and The Walt Disney Noun 1. Walt Disney - United States film maker who pioneered animated cartoons and created such characters as Mickey Mouse and Donald Duck; founded Disneyland (1901-1966) Disney, Walter Elias Disney Co. of Burbank. Vitesse rose 2 1/32 to 49 11/16. Disney rose 1 to 114-7/8. - Bloomberg News RECORD EARNINGS: Semtech Corp, a Newbury Park maker of computer chips, reported record fourth-quarter and year-end earnings Wednesday. For the quarter ended Feb. 1,the company earned $4.5 million, or 28 cents per diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. share, on $28 million in sales, a 63 percent increase over the same period a year earlier. For fiscal 1998 the company's earnings rose 74 percent to $14 million, or 93 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. , on revenues of $102 million. - Daily News SILVER DEAL: Universal Studios has signed Casey Silver to a new contract as chairman of Universal Pictures. Silver, who assumed the post in November 1995, has been overseeing the studio's moves to expand its film slate. Universal had the leading and third-largest films worldwide last year with ``The Lost World: Jurassic Park'' and ``Liar Liar - MIT Scheme Liar.'' - Daily News EARNINGS Image Entertainment Inc. Chatsworth-based laserdisc An earlier optical disc used for full-motion video and interactive training. It was introduced in the late 1970s and became obsolete in the 1990s. Videodisc systems based on a stylus were introduced (see CED), but only the optical-based LaserDisc survived, although never very popular. distributor Dec. 3rd Qtr. 1997 1996 Sales $26.3 million $25 million Net Income $1.1 million $158,000 Net Per Share 8 cents 1 cent Coyote Network Systems Inc. Westlake Village-based communications equipment supplier Dec. 3rd Qtr. 1998 1997 Sales $1.7 million $2.6 million Net Income (Loss) ($3.4 million) ($12 million) Net Per Share (Loss) (44 cents) ($2.28) x Year-ago results reflect a one-time charge of $5.5 million related to the sale of a discontinued operation discontinued operation A segment of a business that has been abandoned or sold or for which plans for one or another of these actions have been approved. See also continuing operations. . The company's Coyote Technologies subsidiary also said it signed a three-year deal this week worth $20 million to a Tokyo-based company. |
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