November 10, 1998 |
Santa Ana-based Alpha Microsystems has signed a multimillion-dollar deal to provide installation and warranty service programs to the country's second-largest personal computer distributor, the companies said Monday. The announcement by Alpha Micro and Tech Data Corp. of Clearwater, Fla., is part of Tech Data's plan to enter the business of manufacturing and marketing no-name personal computers, known as "white boxes." The Tech Data strategy directly challenges Santa Ana-based Ingram Micro Inc.
October 7, 1998
Alpha Microsystems: The Santa Ana computer services company reported a net loss of $1.2 million, or 11 cents a share, for the second fiscal quarter, compared with a net loss of $798,000, or 7 cents a share, a year ago. Revenue for the quarter ended Aug. 23 increased 24% to $5.7 million from $4.6 million.
September 23, 1998 |
Santa Ana-based Alpha Microsystems has signed an agreement to provide service and support for Ingram Micro Inc.'s line of unbranded computers. Financial terms of the deal weren't disclosed. Ingram Micro, the world's largest distributor of computer products, began assembling PCs for different manufacturers earlier this year. Some of the machines carry a manufacturer's brand such as IBM or Compaq; others--known as "white boxes"--have no brand.
September 12, 1998 |
Computer services company Alpha Microsystems gave Chief Executive Douglas Tullio a 19% pay increase--and a $100,000 bonus--for the 1998 fiscal year, even though the Santa Ana company's losses grew and its sales and stock price both fell by more than 17%. Tullio's pay package was disclosed Friday in documents filed with the Securities and Exchange Commission.
September 2, 1998 |
Alpha Microsystems said it has completed its acquisition of Delta CompuTec Inc. for $8.2 million. Alpha Microsystems, a Santa Ana-based computer services company, said Rochester, N.Y.-based Delta, a computer products and services provider, is expected to contribute about $13 million in additional revenue annually. In connection with the acquisition, Alpha Microsystems received an initial $8 million investment from ING Equity Partners II L.P.
August 13, 1998
Douglas J. Tullio, 54, has been named chairman of Alpha Microsystems, a Santa Ana-based software company and provider of Internet technologies. Tullio, who will continue to serve as president and chief executive officer, replaced Clarke E. Reynolds, who had been chairman since 1991. Reynolds first served with Alpha Microsystems as an independent consultant in 1984, and has since held various senior management positions, including president, chief executive and chief operating officer.
August 12, 1998 |
Alpha Microsystems said Tuesday it has agreed to sell $20 million in preferred stock to ING Equity Partners, which will end up with a 42% stake in the Santa Ana computer services company after the transactions. Alpha Microsystems will also expand its board to seven members from four and give ING the right to designate three directors.
July 7, 1998 |
Alpha Microsystems said Monday it agreed to acquire management and consulting services provider Delta CompuTec Inc. for $8.2 million, including the repayment of debt. Santa Ana-based Alpha said that if the acquisition were included in its revenue for fiscal 1998, it would have increased abut 70%, based on Delta CompuTec's fiscal 1997 revenue of $13.4 million. Delta CompuTec reported earnings of $1.
May 5, 1998
Alpha Microsystems narrowed its losses in the fourth quarter on a 6% increase in revenue. The Santa Ana computer services company said it lost $674,000, or 6 cents a share, in the quarter, compared with a loss of $883,000, or 9 cents a share, for the comparable period a year earlier. Revenue for the three months ended Feb. 22 increased to $5.1 million from $4.8 million. For the year, the net loss totaled $3.3 million, or 30 cents a share, compared with a net loss of $2.
April 24, 1998 |
After two days of investor frenzy and rocketing stock prices, Alpha Microsystems' shares dropped 41% Thursday. Shares of the Santa Ana-based software and computer-services company fell $2.56 to close at $3.63 on the Nasdaq market. On Wednesday, Alpha Micro stock hit a 52-week high after the company unveiled free software to help investors use the Internet. Analysts say the company's recent stock boom reflected the current Wall Street craze over Internet stocks.