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BUSINESS
July 15, 2005 | From Bloomberg News
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.
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BUSINESS
June 13, 2003 | From Reuters
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.
BUSINESS
July 30, 1999 | LESLIE EARNEST, TIMES STAFF WRITER
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.
BUSINESS
October 7, 2003 | Terril Yue Jones, Times Staff Writer
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.
BUSINESS
May 23, 2003 | Leslie Earnest, Times Staff Writer
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.
BUSINESS
October 30, 2002 | From Reuters
Musical instruments and products retailer Guitar Center Inc. on Tuesday posted sharply higher third-quarter net income, helped by cost containment and an increase in same-store sales, but the company's revenue increase was lower than expected. The Westlake Village-based company posted net income of $4.4 million, or 19 cents a share, compared with $1.4 million, or 6 cents, in the third quarter of 2001. Net sales rose 13% to $257.4 million.
BUSINESS
August 18, 2005 | David Colker, Times Staff Writer
Shares of teenage clothing retailer Hot Topic Inc. tumbled Wednesday after the company reported disappointing second-quarter results and warned that sales and earnings for the rest of the year would be below Wall Street's expectations. The City of Industry-based company saw its earnings drop 80% to $893,000, or 2 cents a share, down from a restated $4.5 million, or 9 cents, last year. Sales for the quarter that ended July 30 increased 12% to $152.2 million, up from $136.3 million.
BUSINESS
December 17, 2004 | Leslie Earnest, Times Staff Writer
Quiksilver Inc.'s annual sales swelled past $1 billion for the first time in fiscal 2004, a first for a "board sports" apparel manufacturer, a quintessentially Southern California enterprise. The Huntington Beach-based company, which makes clothing and gear for surfing, skateboarding and snowboarding, said revenue in the 12 months ended Oct. 31 rose 30% to $1.27 billion. Analyst Jeffrey Van Sinderen at B. Riley & Co.
BUSINESS
July 31, 2003 | Melinda Fulmer, Times Staff Writer
Big 5 Sporting Goods Corp.'s earnings jumped 52% in the second quarter, the company said Wednesday, as stronger sales of apparel and outdoor goods helped offset the dampening effects of poor weather. The El Segundo-based retailer, which went public in June 2002, said net income climbed to $6.3 million, or 28 cents a share, from $4.1 million, or 13 cents a share, a year earlier.
BUSINESS
June 26, 2003 | From Bloomberg News
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.
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