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BUSINESS
October 9, 1999 | Bloomberg News
Bell Industries Inc., an electronics and computer-products maker and distributor based in El Segundo, said it rejected as inadequate a $5.30-a-share offer by Steel Partners II. Bell told the New York-based investment fund that it would consider a higher offer. Bell's shares, which reached a 52-week high of $6 last month, rose 31 cents, or 7%, to close at $4.88. The shares have jumped 21% during the past year. Steel Partners is Bell's largest shareholder, with a stake of 15%, as of last March.
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BUSINESS
December 24, 1999 | Bloomberg News
An investment group disclosed that it sold about two-thirds of its Bell Industries Inc. holdings after company shares soared on reports that billionaire investor Warren Buffett had acquired a stake in the El Segundo-based systems integrator. Steel Partners sold more than 1.1 million common shares from Monday through Wednesday for $5.76 to $6.37 apiece, according to an amended Schedule 13D filed with the Securities and Exchange Commission. The shares were worth about $7.1 million.
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BUSINESS
August 3, 1991 | From Times Staff and Wire Reports
Bell Industries to Close Unit: Bell Industries Inc. of Los Angeles said it will discontinue the business of its electronic systems division, which makes printed circuit boards for the defense industry. This action will result in a pretax charge of $3.5 million to operating results in the fourth quarter. The division had net sales of about $4.1 million and an operating loss of about $1.1 million for the fiscal year, before the non-recurring charge.
BUSINESS
October 9, 1999 | Bloomberg News
Bell Industries Inc., an electronics and computer-products maker and distributor based in El Segundo, said it rejected as inadequate a $5.30-a-share offer by Steel Partners II. Bell told the New York-based investment fund that it would consider a higher offer. Bell's shares, which reached a 52-week high of $6 last month, rose 31 cents, or 7%, to close at $4.88. The shares have jumped 21% during the past year. Steel Partners is Bell's largest shareholder, with a stake of 15%, as of last March.
BUSINESS
April 17, 1997 | Bloomberg News
Bell Industries Inc. said it plans to fire about 50 employees over the next 18 months and close about 15 warehouses in a restructuring after its January acquisition of Milgray Electronics Inc. The electronics products distributor is closing warehouses in locations where both Bell and Farmingdale, N.Y.-based Milgray have sites, resulting in "some displacement of personnel that wasn't planned initially," said Gordon Graham, Bell's president and chief operating officer.
BUSINESS
February 13, 1995 | Times Staff and Wire Reports
Bruce M. Jaffe, executive vice president and chief operating officer of Bell Industries Inc., has been elected president of the Los Angeles-based company. Jaffee, 51, succeeds Theodore Williams, 74, who continues as chairman and chief executive. Jaffe joined Bell in 1967. Bell Industries manufactures and distributes products for the electronics, computer, graphics and other industrial markets. * Frank J. Holdraker has joined La Salsa Holding Co. as senior vice president of franchising.
BUSINESS
December 24, 1999 | Bloomberg News
An investment group disclosed that it sold about two-thirds of its Bell Industries Inc. holdings after company shares soared on reports that billionaire investor Warren Buffett had acquired a stake in the El Segundo-based systems integrator. Steel Partners sold more than 1.1 million common shares from Monday through Wednesday for $5.76 to $6.37 apiece, according to an amended Schedule 13D filed with the Securities and Exchange Commission. The shares were worth about $7.1 million.
BUSINESS
December 14, 1999 | SIOBHAN HUGHES, BLOOMBERG NEWS
Billionaire Warren Buffett, who has avoided investing in technology companies, saying he doesn't understand them, has made a bet on computer services by buying a 5.3% stake in Bell Industries Inc. of El Segundo. According to a filing with the Securities and Exchange Commission, Buffett reported that he held 506,700 Bell Industries shares as of Dec. 1. His stake in Bell had a market value of almost $3.3 million as of the close of trading Monday, when the stock was at $6.44, up $1.
BUSINESS
April 17, 1997 | Bloomberg News
Bell Industries Inc. said it plans to fire about 50 employees over the next 18 months and close about 15 warehouses in a restructuring after its January acquisition of Milgray Electronics Inc. The electronics products distributor is closing warehouses in locations where both Bell and Farmingdale, N.Y.-based Milgray have sites, resulting in "some displacement of personnel that wasn't planned initially," said Gordon Graham, Bell's president and chief operating officer.
BUSINESS
February 13, 1995 | Times Staff and Wire Reports
Bruce M. Jaffe, executive vice president and chief operating officer of Bell Industries Inc., has been elected president of the Los Angeles-based company. Jaffee, 51, succeeds Theodore Williams, 74, who continues as chairman and chief executive. Jaffe joined Bell in 1967. Bell Industries manufactures and distributes products for the electronics, computer, graphics and other industrial markets. * Frank J. Holdraker has joined La Salsa Holding Co. as senior vice president of franchising.
BUSINESS
August 3, 1991 | From Times Staff and Wire Reports
Bell Industries to Close Unit: Bell Industries Inc. of Los Angeles said it will discontinue the business of its electronic systems division, which makes printed circuit boards for the defense industry. This action will result in a pretax charge of $3.5 million to operating results in the fourth quarter. The division had net sales of about $4.1 million and an operating loss of about $1.1 million for the fiscal year, before the non-recurring charge.
BUSINESS
November 9, 2000 | JAMES F. PELTZ, TIMES STAFF WRITER
He's baaack. Warren Buffett, the billionaire investor who caused a stir last year when he bought a big stake in tiny Bell Industries Inc., sparked a rally in Bell's stock and then quickly sold out for a handsome profit, has once again bought a sizable position in the El Segundo company--again sending its stock sharply higher. Buffett bought 442,200 shares, or 5.1%, of Bell's common stock outstanding, according to a filing with the Securities and Exchange Commission.
BUSINESS
April 11, 1989
Bruce M. Jaffe, senior vice president-finance, has been promoted to executive vice president at Bell Industries Inc., Los Angeles. Jaffe also will assume the newly created post of chief operating officer. Paul Doucette and Gordon Graham have been promoted to senior vice presidents, with operating responsibilities for Bell's Industrial Products Group and the Electronics Distribution Group, respectively. Howard B. Franklin will remain president of the Electronics Distribution Group and Nathan Landgarten will remain president of the Industrial Products Group.
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