December 5, 1990 |
Personal computer maker AST Research Inc. has established sales offices in Singapore and Taiwan as part of an effort to boost sales in the Far East. "The opening of AST's Singapore and Taiwan offices reflects the company's commitment to the Pacific Rim's personal computer marketplace and its continued global strategy to gain worldwide market share," said Tom Yuen, AST's chief operating officer. "AST's local proximity will allow it to keep pace with the region's rapidly growing computer industry."
April 24, 1985
Boosted by strong demand for its recently-introduced products, AST Research Inc. reported a three-fold increase in fiscal 1985's third-quarter and nine-month profits, the company said Tuesday. The Irvine-based computer accessory maker reported net income of $5.8 million for the third quarter, ended March 31, up from $1.6 million for the year-ago period. Nine-month earnings were $12.3 million, compared to $4 million during the first three quarters of fiscal 1984.
August 2, 1985 |
Four years ago, and just days after IBM released its new desk-top business computer, three young fellows tracked down one of the few available machines and ordered it air-freighted to Irvine. After dismantling it and tracing its circuitry, the three determined what additional gadgetry the machine required to make it more useful to the average business. A quick 10 weeks later, AST Research Inc.
February 24, 1986 |
AST Research Inc., which became the nation's largest manufacturer of "turbo-charging" computer extras on the strength of its products for the IBM personal computer, is expected today to announce the acquisition of a small maker of products for the more powerful and sophisticated computers of Digital Equipment Corp.
June 21, 1994 |
AST Research Inc., the Irvine-based maker of personal computers, lost a big corporate customer to the IBM Personal Computer Co., according to an article in the June 27 issue of Business Week. Cigna Corp., the Philadelphia-based health insurance giant, said it could save 20% on its annual PC purchasing tab by switching to IBM. Cigna's PC bill is expected to be about $12.6 million. Officials at AST did not comment on Monday.
October 27, 1993 |
Thanks in part to its July acquisition of Tandy Corp.'s computer manufacturing business, AST Research Inc. on Tuesday reported a rise in quarterly profit and and a hefty 80% increase in revenue. Earnings for the company's first quarter, which ended Oct. 2, were $8.2 million, or 26 cents a share, compared to profit of $7.6 million, or 24 cents a share, for the corresponding period a year earlier. Sales soared to $514.
January 11, 1989 |
AST Research, an Irvine maker of personal computers, said it has received a contract valued at about $30 million from a Silicon Valley company. The agreement with Tandem Computers, a Cupertino computer manufacturer, will mark the first major contract in which AST's computers will be marketed under another company's name. Until now, AST's computers have been sold almost exclusively through computer retail stores, resellers and national distributors.
September 9, 1992 |
AST Research Inc., the Irvine personal-computer maker, launched its third generation of Bravo PCs for the general consumer market Tuesday. Prices range from $995 to $2,495. The five redesigned Bravo models feature a smaller motherboard--the circuit board that houses the primary functions of a computer--thus reducing the cost of manufacturing. AST introduced the first line in 1988. The machines also can be easily hooked up to computer networks.
July 13, 1996
AST Research Inc. said it paid off a $90-million three-year note to Tandy Corp. using $30 million in stock and $60 million in cash raised by issuing new shares to Samsung Electronics Co. The transaction raised Samsung's stake in AST from 40% to 46%. AST said it issued a total of 13 million shares, representing 23% of its stock outstanding, under agreements with the two companies. The note stemmed from AST's 1993 acquisition of Tandy's personal-computer manufacturing unit.
February 25, 1992 |
AST Research switched gears on its distribution strategy and said Monday that it has signed a central purchasing agreement with ComputerLand Corp. to sell AST computers in more than 400 ComputerLand stores. Previously, AST sold its computers directly to franchisees of ComputerLand. But the company said the agreement would enable a greater number of ComputerLand dealers to receive orders more quickly and efficiently through ComputerLand's network of regional warehouses.