April 17, 1997 |
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.
February 13, 1995 |
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.
December 24, 1999 |
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.
December 14, 1999 |
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.