Alpha Microsystems

Alpha Microsystems, the Santa Ana computer hardware and software company posted a profit of $29,000, or 1 cent a share, for its latest quarter. The figure, which includes a tax benefit of $58,000, contrasts with a loss of $1.3 million, or 44 cents a share, for the same period a year earlier. Revenue for the company's first fiscal quarter, which ended May 30, declined 19%, to $9.5 million from $11.8 million.

Alpha Microsystems has agreed to acquire Rexon Business Machines Corp., a Culver City-based computer maker, for $2.5 million. Alpha Micro, a Santa Ana computer maker, said the purchase would give it entree into the market for business computers that use the Pick, Xenix and Business Basic operating systems. An operating system is the software that acts as the brains of the computer, allowing it to read programs and carry out instructions. Rexon Business Machines, a subsidiary of Rexon Inc.

For the past three years, computer maker Alpha Microsystems' financial performance has been, well, unspectacular. Because of that, the Santa Ana company had virtually eliminated its budget for training programs intended to sharpen employees' job skills or teach them new ones. Now, thanks to a $232,000 grant from the state Employment Training Panel, Alpha Micro is providing training to 132 employees in a 58-week program that began in April. "Most of this type of training usually has to be done by outside firms," said William Mitchell, director of human resources.

A small New York industrial holding company has made an unsolicited offer to buy business-computer maker Alpha Microsystems Inc. for $10 million in cash plus stock, the company announced Thursday. The Aril Group Inc., a publicly held company that recently acquired a kitchen-cabinet manufacturer, hopes to acquire Alpha Microsystems as part of a plan to expand into the computer industry, said Alfred Schoenberg, Aril's president.

Alpha Microsystems, a maker of business computers, said cost controls and product expansion enabled it to return to profitability in its fiscal year ended Feb. 23--a dramatic turnaround from a record loss the previous year, the company said Thursday. The company reported a modest profit of $304,000, equal to 10 cents per share, for the 1992 fiscal year, contrasted with a loss of $7.5 million, or $2.65 per share, a year earlier. Revenue fell nearly 7% to $49.3 million from $52.

John S. Cain, president and chief operating officer of Alpha Microsystems, has resigned from the struggling computer manufacturer for personal reasons, the company said Friday. Cain, who has been with Alpha Micro since 1983, will be replaced by Clarke Reynolds, the company's vice chairman and a director. Cain is the second high-ranking executive to leave the firm in two months. On Oct. 8, Richard C.

A stock jumps and you don't know why? Credit the Internet, of course. Santa Ana-based Alpha Microsystems, a 22-year-old computer services firm, saw its stock soar from $2.25 last week to a 52-week high of $9 a share during Monday's session, before settling back to close at $4.88 on volume that was 17 times the daily average.

Alpha Microsystems in Santa Ana, which does business as AlphaServ.com, said Tuesday that it has signed a definitive agreement to sell its managed services division to a company headed by one of its directors in a transaction valued at $2.8 million to $3.2 million. AlphaServ.com said in a press release that the deal with R.E. Mahmarian Enterprises LLC consists mainly of liabilities that Mahmarian Enterprises will assume. AlphaServ.com will retain about $2.

Richard C. Wilcox, a co-founder of business computer maker Alpha Microsystems, has resigned as chief technology officer and vice chairman to pursue other interests, the company said Monday. Alpha Micro President John S. Cain described the parting as amicable and said Wilcox will continue to work for the firm as a consultant on new product development. "What you really have here is a very creative guy that built a large company with a lot of rules and structures," Cain said.