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Spotlight: Pinnacle Micro Interim CEO Resigns

December 10, 1996

Pinnacle Micro Inc., an Irvine-based maker of optical data storage devices, said its interim president and chief executive, Lawrence Goelman, has resigned, citing fundamental differences with Scott Blum, son of founder William F. Blum, and a board member. Kenneth Campbell was named president. Pinnacle Micro laid off 15% of its work force in May and in October posted quarterly losses of $7.8 million. Its shares lost 25 cents Monday to close at $4.75 on Nasdaq.

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