Advertisement
YOU ARE HERE: LAT HomeCollections

CALIFORNIA | TECHNOLOGY | THE STATE

Quarterdeck Posts $54.8-Million Loss

November 26, 1996|Times Staff and Wire Reports

Quarterdeck Corp. reported a loss for its fourth quarter after paying for acquisitions and a restructuring and said demand for its computer memory management products declined. The Marina del Rey-based company, which develops personal computer and Internet software, also said it set aside additional reserves for product returns during the quarter. Quarterdeck had a net loss of $54.8 million, or $1.53 a share, in the quarter ended Sept. 30, contrasted with profit of $277 million, or 1 cent, in the year-ago period. The results include about $15 million in non-cash write-offs relating to acquisitions, $13 million of restructuring charges and $8.4 million of additional return reserves.

Advertisement
Los Angeles Times Articles
|
|
|