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IN BRIEF.

VALLEY INDEX FALLS: Shares of companies in the Daily News Index were mostly lower Tuesday, led by Sylmar's MiniMed Inc. and Camarillo's Vitesse Semiconductor Inc. MiniMed fell $3.5675 to $70.25. Vitesse fell $3.9375 to $58.50.

- Daily News

LOCAL FIRM MAKES GOOD: Shares in Thousand Oaks managed care giant WellPoint Health Networks Inc. rose as much as $5.75 Tuesday on news the issue will be included in the Standard and Poor's 500 Index, a benchmark for the health of the U.S. stock market. WellPoint shares closed up $2.6875, or 3.22 percent, at $86.125.

- Daily News

OFFER DELAYED: Westlake Village-based Dental/Medical Diagnostic Systems Inc., a maker of tooth-whitening equipment and supplies, said it has delayed a European public offering of its stock until at least the third quarter of 1999. The company said market conditions were unfavorable for an offering now.

- Daily News

MOVING IN: Reptron Electronics Inc., a Florida-based electronics components distribution firm, has leased 2,878 square feet of office space from athletic-shoe maker K-Swiss Inc. at 31248 W. Oak Crest Drive in Westlake Village. The company is relocating its local sales office from Agoura Hills.

- Daily News

NEW CFO: Woodland Hills-based Panavision Inc. has named Scott Seybold, who has been director of corporate planning for Harman International Inc., as chief financial officer. His appointment fills a post that had been vacant since August when majority owner Ronald Perelman shook up management and Jeffrey Marcketta departed the CFO slot.

- Daily News

EARNINGS

Four Media Co.

Burbank-based post-production services provider

May 3rd Qtr. 1999 1998

Sales $51.5 million $39.1 million

Net Income ($1.3 million) $2.7 million

Net Per Share (14 cents) 21 cents

1999 results include $2.4 million loss on early debt retirement. Stock gained $1.375 to $7.625 following release of earnings
COPYRIGHT 1999 Daily News
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:BUSINESS
Publication:Daily News (Los Angeles, CA)
Geographic Code:1USA
Date:Jun 9, 1999
Words:308
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