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Basic Four Corp

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BUSINESS
August 18, 1991 | DEAN TAKAHASHI, TIMES STAFF WRITER
It was a pink slip that prompted Ted Smith to strike out on his own a decade ago. A computer industry veteran, Smith had been chief executive of a Tustin computer maker called Basic Four Corp. for five years, building its sales to about $240 million. But after a quarrel over the company's future direction with executives of Basic Four's parent company, he was fired. Determined to run a large company again, he scouted around for ideas.
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BUSINESS
August 18, 1991 | DEAN TAKAHASHI, TIMES STAFF WRITER
It was a pink slip that prompted Ted Smith to strike out on his own a decade ago. A computer industry veteran, Smith had been chief executive of a Tustin computer maker called Basic Four Corp. for five years, building its sales to about $240 million. But after a quarrel over the company's future direction with executives of Basic Four's parent company, he was fired. Determined to run a large company again, he scouted around for ideas.
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BUSINESS
December 24, 1992
David C. Seigle has joined the board of directors of Kofax Image Products Inc., a document image processing company in Irvine. Seigle, who is retired, is one of the founders of FileNet Corp. in Costa Mesa, where he served as vice president of marketing and senior vice president of international operations. Seigle has held senior management positions at a number of technology companies, including Basic Four Corp., Sycor Inc., Medical Data Systems and Interface Systems Inc.
BUSINESS
December 12, 1987 | MARIA L. LaGANGA, Times Staff Writer
Attempting to reassemble a company dismantled three years ago during an unfriendly takeover, MAI Basic Four Inc. said Friday that it will acquire two of its former operations for $148 million. The Tustin-based manufacturer of business computers will buy MAI Canada Ltd. and the MAI Basic Four computer maintenance business of Sorbus Inc. from Bell Atlantic of Philadelphia. The all-cash deal should be completed in early January, MAI Basic Four officials said.
BUSINESS
December 12, 1987 | MARIA L. LaGANGA, Times Staff Writer
Attempting to reassemble a company dismantled three years ago during an unfriendly takeover, MAI Basic Four Inc. said Friday that it will acquire two of its former operations for $148 million. The Tustin-based manufacturer of business computers will buy MAI Canada Ltd. and the MAI Basic Four computer maintenance business of Sorbus Inc. from Bell Atlantic of Philadelphia. The all-cash deal should be completed in early January, MAI Basic Four officials said.
BUSINESS
December 3, 2000
Gareth Chang, Roger W. Johnson and Sam Yau have joined the board of directors of SRS Labs Inc. in Santa Ana. With the recent resignation of Thomas Wan, the board increased from seven to nine members. Chang is executive chairman of the board of Click2Asia and chairman and chief executive of PingPong Technology. Chang is also a member of the board of directors of Apple Computer Inc., and is on the advisory council of Nike Inc.
BUSINESS
April 13, 1993 | DEAN TAKAHASHI, TIMES STAFF WRITER
After about four years of redefining itself as a software publisher and computer maintenance concern, MAI Systems Corp. filed for bankruptcy protection Monday. The 22-year-old company, which is controlled by New York financier Bennett S. LeBow, said the bankruptcy filing was a precautionary move to let it reorganize its business. Ian Gilson, an analyst at the investment bank L.H. Friend, Weinress & Frankson Inc. in Irvine, said the filing had long been expected.
BUSINESS
April 28, 1988 | DAVID OLMOS, Times Staff Writer
MAI Basic Four disclosed Wednesday that two of its principal owners intend to sell their combined 43% stake in the Tustin-based computer manufacturing and service company. Wall Street apparently welcomed the news. MAI's shares jumped $3.875 per share Wednesday to close at a 52-week high of $19 per share, a gain of 26%. The stock was the biggest percentage gainer on the New York exchange. MAI said that Bennett S.
BUSINESS
June 4, 1988 | DAVID OLMOS, Times Staff Writer
When two New York investors decided to put their 43% stake in MAI Basic Four up for sale, the Tustin computer company's riches-to-rags-to-riches-again story suddenly became dotted with question marks. Why are Bennett S. LeBow, MAI's chairman, and William Weksel, a LeBow business associate and former MAI president, unloading $116 million worth of stock? Will they find a purchaser? If so, will the buyer be content to acquire slightly less than half of MAI, or will the entire company change hands?
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