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IN BRIEF.


VALLEY INDEX RISES: The Daily News/Bloomberg Index rose 1.27 Tuesday to 142.67, led by Burbank-based 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., which gained $2.526 to close at $123.50, and Special Devices Inc. of Newhall, which gained $2.25 to close at $32.

- Bloomberg News

ACQUISITION: Burbank-based film equipment specialist Matthews Studio Equipment Group has signed a letter of intent to buy privately-held Canadian Staging Products Limited, based in Toronto, for $1.4 million. Shares of Matthews closed up 9.37 cents Tuesday at $5.062.

- Daily News

ATLANTIC ATLANTIC Cardiology A clinical trial–Angina Treatments–Lasers And Normal Therapies In Comparison  ALLIANCE: Calabasas videogame publisher THQ THQ Toy Headquarters
THQ Territorial Headquarters
THQ Tehsil Headquarters (Pakistan)
THQ The Holy Quran
THQ Theater Headquarters
 Inc. will publish ``International Rally Championship,'' an auto racing game A racing game is any game that involves competing in races through a surrogate playing piece or vehicle, either getting it from one point to another or completing a number of circuits in the shortest time.  developed by British game maker Europress. THQ shares gained 18.75 cents Tuesday to close at $24.687.

- Daily News

GOAL!: El Segundo-based toy maker Mattel Inc. said it has struck a licensing agreement with FIFA Women's World Cup The FIFA Women's World Cup is recognized as the most important International competition in women's football and is played amongst women's national football teams of the member states of FIFA, the sport's global governing body.  to launch a Women's World Cup The Women's World Cup could refer to either the:
  • FIFA Women's World Cup
  • UCI Women's Road World Cup
  • Women's Cricket World Cup
  • Women's Rugby World Cup
 Barbie next year.

- Daily News

EARNINGS

Cheesecake Factory

Calabasas Hills-based restaurant chain

March 1st Qtr. 1998 1997

Sales $59.5 million $45.2 million

Net Income (Loss) $3 million $1.7 million

Earnings Per Share 15 cents 10 cents

Despite weaker sales among Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region,  restaurants due to heavy rain, company same-store sales Same-store sales is a business term which refers to the revenue generated by one of a retail chain's specific outlets during a certain period of time (often a fiscal quarter or a particular shopping season), compared to an identical period in the past, usually in the previous year.  remained strong. The incorrect figures appeared in Saturday's edition.

Eltron International Inc.

Simi Valley-based label printer manufacturer

1st Quarter

ended April 4 1998 1997

Sales $30.7 million $28.7 million

Net Income $3.3 million $2.6 million

Net Per Share 43 cents 34 cents

(x) R&D expenses increased 53 percent to $2.4 million in the first quarter.

Tekelec

Calabasas-based maker of computer network equipment

1st Quarter

ended March 31 1998 1997

Sales $34.9 million $20.5 million

Net Income $6.65 million $1.62 million

Net Per Share 23 cents 6 cents

The company had a one-time gain of $1.03 million from the settlement of an insurance claim.
COPYRIGHT 1998 Daily News
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1998, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Title Annotation:BUSINESS
Publication:Daily News (Los Angeles, CA)
Date:Apr 29, 1998
Words:317
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