September 15, 1999 |
In politics, low voter turnout can mean a miscarriage of democracy. In the corporate world, it means business doesn't get done. Santa Ana-based AlphaServ.com said Tuesday that just more than a third of its common shares were voted at its annual meeting in June, forcing the postponement of the company's plans to reincorporate in Delaware. That's less than a typical turnout in an off-year political election.
February 2, 2000 |
Alpha Microsystems, a Santa Ana computer consulting company that does business as AlphaServ.com, said Tuesday that it has completed the sale of its managed services division to a company owned by one of its directors. Alpha Micro said in a press release that the transaction with R.E. Mahmarian Enterprises LLC is valued at $2.8 million to $3.2 million. The deal consists mainly of liabilities that R.E. Mahmarian assumed. Alpha Micro retained about $2.
March 31, 2000 |
Alpha Microsystems said Thursday that its AlphaServ.com sold 2.3 million restricted shares to private institutional investors for $14.6 million. The Santa Ana maker of information technology products said in a press release that the common shares were priced at $6.25 each. The company said it plans to file a registration statement in connection with the shares. Hampshire Equity Partners, whose investment represents about $6.2 million of the total placement, led the investors.
November 10, 1999 |
AlphaServ.com, which provides Internet consulting and networking services, said Tuesday it has arranged a $5-million cash infusion and will spin off one of its units to shore up its bottom line. The Santa Ana-based company, one of the county's most consistently unprofitable technology firms, also posted a third-quarter loss--instead of returning to profitability as its executives had predicted late last year. In addition, AlphaServ.com's chief financial officer, Jeffrey J.