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Datapower Inc. Lists Quarter's Loss of $582,000

September 02, 1986

Datapower Inc. reported a net loss of $582,000 for its fiscal 1987 first quarter ended June 30, compared with a year-earlier net loss of $320,000.

Separately, the Santa Ana-based maker of power supplies for computers said its bank has agreed not to take action until Sept. 15 to collect loans that are in default. The company said in its 1986 annual report that it was in violation of certain of its bank borrowing agreements. Earlier this month, Datapower received a notice of default from its banker.

The company said its first quarter revenue totaled $1.4 million, down slightly from $1.8 million. In a prepared statement, the company attributed the downturn to "the continuing decline in the personal computer market."

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