IN BRIEF.VALLEY INDEX DROPS: Shares of companies in the Daily News Index were mostly lower Monday Monday: see week. , led by Westlake Westlake, city (1990 pop. 27,018), Cuyahoga co., NE Ohio, a suburb of Cleveland; inc. as a city 1956. A growing city, its various manufactures include ink and plastics. Village's K-Swiss Inc. and Newbury Park's Semtech Corp. K-Swiss fell $2.25 to $47. Semtech dropped $1.375 to $25.6875.- Daily News DONE DEAL: Woodland Hills-based telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. software developer Vertel Corp. said it has completed the purchase of San Diego-based Expersoft Corp., also a software developer. Vertel paid $3 million for the purchase, which it is recording as a merger. Vertel shares closed down 6.25 cents at $1.50. - Daily News VALUATION: Woodland Hills-based insurer An individual or company who, through a contractual agreement, undertakes to compensate specified losses, liability, or damages incurred by another individual. An insurer is frequently an insurance company and is also known as an underwriter. Zenith zenith, in astronomy, the point in the sky directly overhead; more precisely, it is the point at which the celestial sphere is intersected by an upward extension of a plumb line from the observer's location. National Insurance Corp. said a third-party assessment of the value of a business it bought from Riscorp Inc. in April puts the fair market price at $92.3 million, far less than Riscorp had anticipated. Zenith already has paid Riscorp $35 million. Zenith said it is now considering what changes it will have to make to its financial statements to account for the lower valuation. Zenith shares closed down 68.75 cents at $24.25. - Daily News EARNINGS Whitewing Labs Inc. Mission Hills-base developer and marketer of 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. Dec. 4th Qtr. 1998 1997 Sales $579,069 $1.3 million Net Income (Loss) ($14,964) ($50,277) Net Per Share (1 cent) (2 cents) Year End 1998 1999 Sales $3.9 million $3.6 million Net Income (Loss) ($273,939) ($943,652) Net Per Share (9 cents) (33 cents) Fourth-quarter revenues fell as the company focused advertising media on more profitable products. |
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