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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.
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BUSINESS
February 17, 1999 | P.J. HUFFSTUTTER, TIMES STAFF WRITER
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.
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.
BUSINESS
April 13, 2010 | Bloomberg News
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.
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