IN BRIEF.

VALLEY INDEX DROPS: Shares of most companies in the Daily News Index were lower Wednesday, led by ACT Networks Inc. of Calabasas. ACT dropped $1.375 to $10.625.

- Daily News

LOCAL HONORS: Two San Fernando Valley companies - Woodland Hills-based credit-card processor Superior BankCard Service and Reseda's Weber's Place Restaurant - received Blue Chip Enterprise Awards on Wednesday for their success in overcoming challenges. The program, organized by the MassMutual insurance firm, cited Superior for dedication to personalized customer service and Weber's for coming back from the Northridge Earthquake and employee empowerment efforts.

- Daily News

EARNINGS

Iwerks Entertainment Inc.

Burbank-based producer of ride-simulation and large-format films

June 4th Qtr. 1999 1998

Sales $8.42 million $6.55 million

Net Income (Loss) ($2.58 million) ($2.48 million)

Net Per Share (21 cents) (20 cents)

June Year-end 1999 1998

Sales $34.87 million $25.07 million

Net Income (Loss) ($4.78 million) ($11.56 million)

Net Per Share (39 cents) (95 cents)

x Fourth quarter included $1 million loss from R&D contract termination.