IN BRIEF.VALLEY INDEX GAINS: The Daily News/Bloomberg Index rose 2.06 to 115.71, led by Sylmar's MiniMed Inc. and Glendale's Public Storage Inc. MiniMed rose $3.6875 to $69. Shares of Public Storage rose $2.25 to $27.50 after analyst Lawrence D. Raiman at Donaldson Lufkin & Jenrette Securities Corp. raised his rating on the real estate investment trust to ``top pick'' from ``buy'' with a 12-month target price of $30. The analyst also raised his rating on the REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). industry from ``hold'' to ``buy,'' saying that a decrease in real estate lending will make acquisitions more profitable for REITs. - Daily News SWEET DEAL: Sunkist, the Sherman Oaks-based citrus marketing cooperative, will be selling fruit year-round as a result of an alliance with Tuxedo Fruit Co. of Florida. As a nonmember, licensed packer of Sunkist, Tuxedo will be selling Florida grapefruit and tangerines under the Sunkist brand, giving the cooperative grapefruit sales in the East Coast from October to May. Sunkist is owned and operated by more than 6,500 citrus growers in California and Arizona, most of whom are small family farmers. - Daily News NO INFRINGEMENT: An appellate court A court having jurisdiction to review decisions of a trial-level or other lower court. An unsuccessful party in a lawsuit must file an appeal with an appellate court in order to have the decision reviewed. has ruled that Spatializer Audio Laboratories' technology does not infringe on patents held by QSound Labs QSound Labs is primarily a developer and provider of audio enhancement technologies for entertainment and communications devices and software. The company is best known as a pioneer of 3D audio effects, beginning with speaker-targeted positional 3D technology applied to arcade Inc. However, the Woodland Hills-based designer of technologies for the consumer electronics, computing and entertainment industries intends to keep its counterclaims for damages. Spatializer's audio technology is incorporated into consumer electronics audio, video and DVD DVD: see digital versatile disc. DVD in full digital video disc or digital versatile disc Type of optical disc. The DVD represents the second generation of compact-disc (CD) technology. products of global brand leaders. - Daily News PSA (Professional Services Automation) An information system designed to organize, track and manage all opportunities, work, resources, costs, revenues and invoices to improve the productivity and efficiency of the workforce. CHANGES: To raise its price per share, Los Angeles-based PSA Inc. last week initiated a 1-for-50 reverse stock split of 43 million outstanding common shares. The parent of Pacific Southwest Airlines
v. re·is·sued, re·is·su·ing, re·is·sues v.tr. To issue again, especially to make available again. v.intr. To come forth again. n. 1. procedure of their stock certificates, if they have any. - Daily News |
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