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BUSINESS
August 20, 1994
* Howard Crystal has been appointed to the newly created position of senior vice president for marketing and purchasing at AmeriQuest Technologies Inc., an Irvine distributor of computer products. Crystal has 18 years of management experience in computer technology, distribution and sales, including senior vice president for sales and marketing at Tech Data and as vice president and general manager at Arrow Electronics' Commercial Systems division. * Robert E.
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BUSINESS
June 12, 1997 | (John O'Dell)
AmeriQuest Technologies said Wednesday that it will sell its CMS Enhancements Inc. subsidiary to the unit's general manager, Kenneth Burke. CMS designs, makes and markets data storage systems solutions. It was started in 1983 and changed its name to AmeriQuest in 1993, shifted its focus to wholesale distribution of computer products and retained the CMS operations in Costa Mesa as a subsidiary. AmeriQuest recently relocated its headquarters from Orange County to Florida.
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BUSINESS
June 8, 1994
AmeriQuest Technologies Inc., a distributor of computer hardware, has traded 1.1 million newly issued common shares for 3.3 million shares, or 51%, of Kenfil Inc. common stock held by its principal shareholders. The stock swap, first announced in April, is part of AmeriQuest's proposed acquisition of Kenfil, a Van Nuys-based software distributor. Subject to the approvals of both companies' shareholders, the remaining Kenfil shares would be exchanged in a merger at the same conversion ratio of 0.
BUSINESS
September 11, 1996 | GREG MILLER, TIMES STAFF WRITER
AmeriQuest Technologies Inc. said its chairman and chief executive, Steve DeWindt, has decided to resign rather than take part in the company's planned move to Florida. Harry Krischik, an executive with AmeriQuest's parent company, was named chairman. Michael Dressen, who was recently appointed president of AmeriQuest, will also be appointed to the company's board of directors. The company said that the CEO position will not be filled.
BUSINESS
February 8, 1994 | DEAN TAKAHASHI, TIMES STAFF WRITER
In a bid to become a national distributor of computer products, CMS Enhancements Inc. said Monday it has closed a division, has laid off 25% of its staff, and will change its name. The company is shutting down its Anybus personal-computer components subsidiary and taking a charge against earnings of $4.8 million to $5.2 million for its second fiscal quarter ended Dec. 31, said Stephen Holmes, chief financial officer. "Anybus is not consistent with the strategy," Holmes said.
BUSINESS
December 24, 1995
AmeriQuest Technologies Inc. received about $66 million of interim financing, which the company will use to lower existing lines of credit. The company said the interim financing was provided through lending sources of Computer 2000 AG, which owns or has the right to acquire a majority of AmeriQuest's voting stock.
BUSINESS
May 29, 1996
AmeriQuest Technologies Inc. said Tuesday that it has become a nationwide distributor for hard disk drive products made by Quantum Corp. in Milpitas. Under the agreement, AmeriQuest is authorized to sell Quantum's line of hard disk drives and will sell Quantum's tape storage products in the near future.
BUSINESS
September 28, 1994
AmeriQuest Technologies Inc. said Tuesday it has agreed to acquire a Florida-based computer hardware distributor. Under the terms of the agreement, Irvine-based AmeriQuest, which also distributes computer hardware, will buy National Computer Distributors of Miami for 1.86 million shares of newly issued AmeriQuest common stock and $3.5 million in cash. The sale is expected to close by the end of October.
BUSINESS
August 6, 1996 | GREG MILLER, TIMES STAFF WRITER
AmeriQuest Technologies Inc., a computer products developer and distributor, said Monday it will move its corporate headquarters to Florida and lay off more than 60 workers as it struggles to regain profitability. The company's CMS Enhancements subsidiary, which makes computer disk drives, will remain in Anaheim and will not be affected by the changes. The Santa Ana-based company disclosed its plans while reporting financial results for its third fiscal quarter.
BUSINESS
May 29, 1996
AmeriQuest Technologies Inc. said Tuesday that it has become a nationwide distributor for hard disk drive products made by Quantum Corp. in Milpitas. Under the agreement, AmeriQuest is authorized to sell Quantum's line of hard disk drives and will sell Quantum's tape storage products in the near future.
BUSINESS
May 16, 1996
Ameriquest Technologies Inc. said Wednesday that Mark Mulford is resigning as president and chief operating officer for personal reasons. The computer products distributor also announced that its losses for the second fiscal quarter grew and revenue fell as the company discontinued unprofitable businesses and juggled several acquisitions. Ameriquest said Mulford will be a consultant until a replacement is found. The company also said Robert Beckett Sr.
BUSINESS
December 24, 1995
AmeriQuest Technologies Inc. received about $66 million of interim financing, which the company will use to lower existing lines of credit. The company said the interim financing was provided through lending sources of Computer 2000 AG, which owns or has the right to acquire a majority of AmeriQuest's voting stock.
BUSINESS
November 22, 1995
Computer products distributor AmeriQuest Technologies Inc. said its losses grew in the first quarter, although sales more than doubled. The company lost $7 million, or 30 cents a share, for the first fiscal quarter ended Sept. 30, compared with a net loss of $1.1 million, or 10 cents a share, a year ago. Sales climbed to $100.7 million from $49.5 million.
BUSINESS
September 23, 1994
AmeriQuest Technologies Inc. stock ticked up slightly Thursday after the company said it had completed the first stage of its acquisition of a Robec Inc., a microcomputer distributor based in Horsham, Pa. Irvine-based AmeriQuest distributes both computer hardware and software products. In a stock swap, AmeriQuest purchased 2.22 million shares of Robec--a 50.1% stake in the company. The merger should be completed by the end of the year.
BUSINESS
August 11, 1995 | DAN MARGOLIS
Computer 2000, a German company that acquired a controlling interest earlier this week in AmeriQuest Technologies Inc., a microcomputer company, said Thursday that it is replacing top AmeriQuest management with Computer 2000 executives. Steve DeWindt, currently co-president of Computer 2000, was named chairman and chief executive, succeeding Harold Clark, who will remain as a consultant.
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