January 12, 2010 |
Bullet Freight Systems Inc., based in Anaheim, has been purchased by national trucking company Roadrunner Transportation Services Holdings Inc. "For the customer it's business as usual, and there shouldn't be any change in the personnel they deal with or anything," said Dave Brauer, Bullet's director of risk management and human resources. The terms of the sale were not released, and calls to Roadrunner and its owner, private-equity firm Thayer/Hidden Creek, were not returned Monday.
May 1, 2013 |
DreamWorks Animation has a bunch of cavemen to thank for getting some fresh Wall Street love. Analysts responded positively to news that the Glendale studio had scored with its prehistoric feature "The Croods," which helped drive first-quarter profit to $5.6 million. The results sailed past Wall Street expectations. The unexpectedly good numbers coming from DreamWorks triggered investors to snap up the company's stock. After closing at $19.28 on Tuesday, shares climbed 7% in after-hours trading after the studio reported financial results.
July 15, 2005 |
Rambus Inc. said second-quarter profit fell 36% because of higher legal costs racked up as the memory chip designer sued rivals to protect its patents. Net income fell to $5.36 million, or 5 cents a share, from $8.32 million, or 8 cents, a year earlier. Sales jumped 14% to $40 million. Los Altos, Calif.-based Rambus sued Samsung Electronics Co. for alleged license infringement June 6, adding a new case to legal battles with Hynix Semiconductor Inc. and Micron Technology Inc.
June 26, 2003 |
3Com Corp., the world's No. 3 maker of computer-networking equipment, reported a fiscal fourth-quarter loss Wednesday and said that falling demand was behind a 41% slide in revenue. The company said it sees no sign of improvement in the current quarter. The loss from continuing operations was $98.2 million, or 27 cents a share, contrasted with a profit of $4.68 million, or 1 cent, a year earlier. Sales at the Santa Clara, Calif.-based company fell to $175 million.
June 13, 2003 |
Network equipment maker 3Com Corp. said Thursday that it would cut 10% of its workforce, about 390 jobs, over the next six months to reduce costs amid weak demand for its products. 3Com said the decision would affect mostly employees in the United States and Europe. Within the United States, the deepest cuts will be in the company's Santa Clara, Calif., headquarters. 3Com employed 3,900 people at the end of its fiscal third quarter, which ended in February. Shares rose 5 cents to $5.
April 13, 2010 |
California Pizza Kitchen Inc. said it is reviewing options including a possible sale and reported preliminary first-quarter earnings that beat its forecast. The shares gained 2% in morning Nasdaq trading. Alternatives may include a sale, merger or changes to the company's capital structure, the Los Angeles-based restaurant chain said today in a statement. Moelis & Co. is advising the company, which has 253 company-owned stores and franchises. The shares jumped 14% on the Nasdaq Stock Market on Friday after the Wall Street Journal reported the restaurant chain had approached potential buyers, including private-equity firms.
July 30, 1999 |
Mossimo Inc. reported its first quarterly operating profit in two years Thursday, as sales from ongoing operations rose 22%. Factoring in a one-time charge of $6.1 million, the Irvine-based clothing designer remained in the red. But Mossimo's improving numbers indicate that its internal reorganization is paying off, according to Chief Executive Edwin Lewis.
February 17, 1999 |
In a deal that could help Interplay Entertainment bolster its operations and return to profitability, the struggling Irvine-based developer of video games said Tuesday that it has acquired a 49.9% stake in British competitor Virgin Publishing. Financial terms were not disclosed, but the transaction involves only a "minimal" amount of cash, said Brian Fargo, Interplay's chief executive.
October 7, 2003 |
The Supreme Court on Monday cleared the way for Rambus Inc., a maker of computer chip interface technology, to proceed with its patent-infringement lawsuit against Infineon Technologies and take its case to a jury. The justices rejected Infineon's bid to end the suit and reinstate a jury finding that Rambus committed fraud while pursuing patents for high-speed chips that became an industry standard. Los Altos, Calif.
May 23, 2003 |
Wet Seal Inc., which sells trendy clothes to girls and women, continued Thursday to pile up losses in the first quarter as comparable-store sales slumped almost 26% compared with the previous year. But the company's stock price jumped 15% as investors focused on the positive as some analysts said the retailer finally could be gaining traction as it tries to turn its business around. Shares closed at $10.05, up $1.32, on Nasdaq. The Foothill Ranch-based company lost $8.