IN BRIEF.VALLEY INDEX JUMPS: The Daily News/Bloomberg Index rose 0.36 to 127.10, led by Newbury Park's Xircom Inc. and Sylmar's MiniMed Inc. MiniMed rose $1.75 to $70.75. Xircom rose $1.78125 to $35.25 after the company announced it is going after the Japanese market by opening a regional headquarters in Tokyo. The company makes laptop communication products and Japan accounts for about 25 percent of notebook computer A laptop computer that weighs in a range from five to seven pounds. The term originated when laptops were routinely more than 10 pounds, and those that became lighter were placed in a special "notebook" category. In practice, notebook computer and laptop computer are synonymous. sales worldwide and 73 percent of those in the Asian market. - Daily News BROKEN GROUND: Pac Ten Partners, a Los Angeles-based development company, began construction Tuesday on the first phase of the 700,000-square-foot Valencia Corporate Point office complex. The initial phase of the campus-style facility in the Santa Clarita Valley The Santa Clarita Valley is the valley of the Santa Clara River in Southern California. It stretches through Los Angeles County and Ventura County. Its main population center is the city of Santa Clarita. The valley was part of the 48,612-acre (19,672. will consist of three buildings totaling 180,000 square feet. The project is at the junction of Interstate 5 and Highway 126. - Daily News K-TEL FACES THE MUSIC: Calabasas-based K-Tel International Inc. has been told by the Nasdaq that it could be delisted because it fails to meet listing requirements Listing requirements Requirements, including minimum shares outstanding, market value, and income, that are laid down by an exchange for any stock to be listed for trading. . K-tel has a hearing scheduled before Nasdaq in January in an attempt to get a temporary extension to the requirements, said K-tel President Lawrence Kieves. Shares have been swinging wildly since K-tel entered the online retailing business in April. - Bloomberg News RECORD SALE: Simi Valley-based Tempo One Stop Records Inc. has sold 12 of its 21 stores to Pittsburgh-based retailer National Record Mart Inc. for an undisclosed cash amount, officials said Tuesday. Four of the stores sold are in Northridge, Simi Valley Simi Valley (sē`mē, sĭm`ē), city (1990 pop. 100,217), Ventura co., SW Calif. in an oil, fruit, and farm region; laid out 1887, inc. 1969. , Century City and across from the University of Southern California The U.S. News & World Report ranked USC 27th among all universities in the United States in its 2008 ranking of "America's Best Colleges", also designating it as one of the "most selective universities" for admitting 8,634 of the almost 34,000 who applied for freshman admission campus; the remaining eight are in Hawaii and were operated under Tempo's Honolulu-based corporation Happy Town Inc. Tempo continues to own nine stores, including one each in Reseda, Montrose, Valencia, Santa Barbara Santa Barbara (săn'tə bär`brə, –bərə), city (1990 pop. 85,571), seat of Santa Barbara co., S Calif., on the Pacific Ocean; inc. 1850. and Goleta; two in Hawaii, and two in Guam. - Daily News EARNINGS Coyote Network Systems Westlake Village-based provider of telecommunications equipment and network services Sept. 2nd Qtr. 1999 1998 Sales $15.16 million $106,000 Net Income (Loss) ($1.38 million) ($8.77 million) Net Per Share (14 cents) ($1.27) Revenues surged from strong telecommunication equipment sales. While the company incurred an overall net loss, operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. was $269,000 (3 cents) in the second quarter compared with an operating loss operating loss The excess of operating expenses over revenue. As with operating income, operating losses exclude revenues and expenses from operations that are not considered a regular part of the business. Also called deficit. Compare operating income. of $3.1 million (45 cents) a year ago. CSL (Computerese as a Second Language) Said of people who love to speak high-tech words even though they often use them erroneously. See TLA. 1. CSL - Computer Structure Language. A computer hardware description language, written in BCPL. Lighting Manufacturing Inc. Valencia-based maker of lighting fixtures Sept. 3rd Qtr. 1998 1997 Sales $3.01 million $3.08 million Net Income (Loss) ($516,000) ($689,000) Net Per Share (47 cents) (84 cents) The company said it has reduced selling, general and administrative expenses by $740,000. Whitewing Laboratories Mission Hills-based nutritional supplements Nutritional Supplements Definition Nutritional supplements include vitamins, minerals, herbs, meal supplements, sports nutrition products, natural food supplements, and other related products used to boost the nutritional content of the diet. company Sept. 3rd Qtr. 1998 1997 Sales $629,481 $987,518 Net Income (Loss) ($106,633) ($136,272) Net Per Share (4 cents) (5 cents) While third-quarter sales were down, revenues rose by 49 percent for the first three quarters this year to $3.36 million and net loss narrowed by 71 percent to $258,975 (9 cents), reflecting strong growth and improvement in the company's core business. |
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