IN BRIEF.VALLEY INDEX GAINS: The Daily News/Bloomberg Index rose 0.20 to 131.09, led by Camarillo's ACT Networks Inc. and Burbank's 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. Disney rose 93.75 cents to $31.875. ACT Networks rose $1.4375 to close at $11.1875, giving the maker of telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. equipment a one-week gain of 35.6 percent. The company's performance is a marked improvement over the recent past, when shares fell to as low as $4.9375 after ACT said it would lay off a quarter of its work force in a major restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). . - Bloomberg News SALES GAIN: Newhall-based Special Devices Inc. said it expects to report a 21 percent gain in annual sales, despite a 4 percent drop in fourth-quarter sales. Preliminary figures show Special Devices, a maker of automotive air-bag initiators, with revenues of $170.5 million for fiscal 1998. The company's shares rose 25 cents to close at $32.75. - Daily News BAD BAT: Van Nuys-based Easton Sports, one of the nation's largest manufacturers of metal baseball bats, got another thwack thwack tr.v. thwacked, thwack·ing, thwacks To strike or hit with a flat object; whack. n. A hard blow with a flat object; a whack. [Imitative. of bad news Friday when it was announced that college baseball College baseball is baseball as played on the intercollegiate level at institutions of higher education, predominantly in the United States. Compared to American football and basketball in the United States, college competition plays a less significant contribution to cultivating teams in the West Coast and Big South conferences will use bats that meet new NCAA NCAA abbr. National Collegiate Athletic Association standards beginning Jan. 1. The standards include changes reducing a bat's approved diameter and limiting batted-ball speeds to 93 mph. Previously, there was no limit, allowing manufacturers to produce bats that could make a ball travel more than 110 mph. The changes are expected to encourage more teams and players to abandon metal bats in favor of upon the side of; favorable to; for the advantage of. See also: favor traditional wooden ones. - Daily News FUNDING DEAL: Chatsworth-based Intellicell Corp. said Critical Capital Growth Fund LP has agreed to provide it with a $2.5 million senior debt facility. The company said it will use the money in part to fund the creation of an Internet-based distribution system. Intellicell sells wireless communication devices. - Daily News |
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