IN BRIEF.VALLEY INDEX FALLS: The Daily News/Bloomberg Index fell 1.60 to 130.79, led by Wellpoint Health Networks and Foundation Health Systems, both of Woodland Hills. Wellpoint fell $3 to $58.3125. Foundation fell $2.0625 to $18.5625. - Bloomberg Bloomberg A major global provider of 24-hour financial news and information including real-time and historic price data, financials data, trading news and analyst coverage, as well as general news and sports. News ALIGN-RITE GOES UP: Burbank-based Align-Rite International Inc. stock continued its climb Monday on the strength of better-than-expected fiscal first-quarter results. The stock price for the maker of photomasks containing images of circuits for semiconductors closed Monday at $14.9375, up $1.625 - its second day of double-digit growth. - Daily News LITTON SELLS DIVISION: Woodland Hills-based Litton Industries Named after inventor Charles Litton Sr., Litton Industries was a large defense contractor in the United States, bought by the Northrop Grumman Corporation in 2001. Inc. agreed to sell its solid state division, which makes chips used for wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. , to the U.K.'s Filtronic Plc for about $43 million. The sale will help Litton focus on its main businesses, making defense and commercial electronics systems and building naval destroyers. The purchase price for the solid state division doesn't include accounts receivable accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying and other assets other assets Assets of relatively small value. For financial reporting purposes, firms frequently combine small assets into a single category rather than listing each item separately. , which it will retain, Litton said. - Bloomberg News EARNINGS Brilliant Digital Entertainment Inc. Woodland Hills-based interactive movie developer June 2nd Qtr. 1998 1997 Sales $1,000 $248,000 Net Income (Loss) ($2.8 million) ($765,000) Net Per Share (Loss) (29 cents) (11 cents) (xx) The company said Monday that Packard Bell NEC (Packard Bell, The Netherlands, www.packardbell.com) A major PC manufacturer that is the consumer brand of NEC Computers International and the home computing market leader in the U.K. and much of Western Europe. has commenced shipping personal computers pre-bundled with its multipath movies and enabling software. Terms call for the product to be included with up to 6 million multimedia personal computers over a three-year period. The movies can be viewed on desktop PCs via the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the . Unilab Corp. Tarzana-based provider of clinical laboratory testing services. June 2nd Qtr. 1998 1997 Sales $54.4 million $54 million Net Income (xx) $3.4 million $54,000 Net Per Share 8 cents 0.00 (xx) The company reduced total expenses for the quarter by improving processing, streamlining work flow through the laboratory and, when appropriate, 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). delivery schedules. Also, sales volume declined 4 percent and pricing jumped 5 percent compared with the year-ago period. |
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