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Carmelo Santoro

BUSINESS
August 7, 1990 | DEAN TAKAHASHI, TIMES STAFF WRITER
Silicon Systems Inc., a semiconductor manufacturer owned by Japan's TDK Corp., said Monday that it has reorganized its operations as part of a long-term plan to fuel the company's growth and boost employment during the 1990s. Carmelo Santoro, president of Silicon Systems, said the firm expects to add as many as 700 jobs in Orange County and elsewhere by the end of 1991, which would bring its total employment to 2,300. The company is currently trying to fill 170 jobs.
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BUSINESS
June 12, 1991 | ANNE MICHAUD, SPECIAL TO THE TIMES
Silicon Systems Inc., a semiconductor manufacturer with its U.S. headquarters here, has laid off 40 of its 2,000 employees because of a drop in sales, its president said Tuesday. The company, which is owned by Japan's TDK Corp., makes computer microchips found in many disk drives. Carmelo Santoro, company president, said a drop in disk drive sales in early April caused a resulting drop in demand for his company's product. He said the layoffs are a normal adjustment in a cyclical business.
BUSINESS
July 11, 1986
Despite the continuing sluggishness of the computer industry, Silicon Systems Inc. reported net earnings of $556,000 for the third quarter of its fiscal 1986, more than twice the $261,000 reported a year ago. The Tustin-based semiconductor maker said record revenues of $19.7 million helped fuel the rebound for the three-month period ended June 28. Revenues were $11.1 million in the year-ago quarter. Owing to first-quarter losses of $2.4 million, Silicon Systems posted a $1.
BUSINESS
November 14, 1986
Despite record revenues in the fourth quarter and a $1.7-million tax credit, Silicon Systems Inc.'s annual net income for the fiscal year ended Sept. 27 shrunk to $87,000 from $3 million in the last fiscal year. Annual revenues rose 22% to $66.8 million from $54.6 million last year. The Tustin semiconductor maker posted a $1.8-million net income for the fourth quarter, nearly six times the $338,000 it earned in last year's final quarter.
BUSINESS
January 18, 1987
Silicon Systems Inc., a Tustin semiconductor manufacturer, posted fiscal 1987 first-quarter earnings of $302,000, compared with a net loss of $2.4 million for the year-earlier period. Revenue for the first quarter ended Dec. 27 was $17.4 million, a 54% increase from $11.3 million for the year-ago quarter.
BUSINESS
April 14, 1989
Silicon Systems Inc., a Tustin-based firm that this week agreed to be acquired by TDK Corp., reported that net income for the second quarter ended April 1 declined 47%, to $1.5 million from the $2.8 million in the year-earlier quarter. Revenue rose 9%, to $30.7 million from $28.1 million. For the 6 months, net income dropped 30%, to $4 million from $5.2 million for the comparable period a year ago. Revenue totaled $60.8 million, up 13% from the $53.8 million reported for the first half of fiscal 1988.
BUSINESS
May 5, 1985
Marvel Productions, Van Nuys, named Ralph Rivera vice president-finance and administration. David Kirkpatrick was named executive vice president-production for Paramount Pictures' motion picture group, Los Angeles. Walt Disney Pictures named Gary Kalkin vice president-publicity for the motion picture division. Sally K. Wilson has been named vice president of the public relations firm Doremus/Los Angeles. Roger Armstrong has been appointed a vice president at ICPR Public Relations, Los Angeles.
BUSINESS
November 4, 1993
Mattel Inc. said Wednesday that James Eskridge, currently executive vice president and chief financial officer of the El Segundo-based toy maker, would become president of Fisher-Price upon completion of a proposed merger. In August, Mattel said it had agreed to buy Fisher-Price, maker of preschool and infant toys and juvenile products, in a stock-swap merger valued at $1.1 billion. The merger is expected to be completed by the end of the month.
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