January 17, 1999
Dear Editor: Your one-paragraph item on our company, Amplicon Inc., published Jan. 1, characterizes a lawsuit recently filed against our company as "a continuation of a string of contract litigations against the company." In fact, nearly all litigation involving Amplicon, including the three cases cited in the brief, has been filed by our company, not against it. What's more, nearly all of these lawsuits--including those cited in the brief, as well as those few not initiated by us--have ended in substantial monetary settlements or adjudications in Amplicon's favor, with the courts upholding the enforceability of our contracts.
April 28, 2001
The Santa Ana company, which leases high-technology equipment, reported that net earnings for the third quarter that ended March 31 decreased 23% to $4.1 million, or 36 cents a share, from $5.3 million, or 45 cents a share, for the third quarter last year. Revenue declined 17% to $16.5 million.