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Cerplex Group Inc

BUSINESS
June 18, 1999
Cerplex Group Inc. announced a management realignment Thursday, promoting Richard Alston to president and chief operating officer. Alston, who had been executive vice president and chief financial officer since joining Cerplex in February, will assume responsibility for the Irvine technology company's day-to-day operations.
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BUSINESS
February 14, 1999
The Cerplex Group Inc.: The Tustin provider of high-technology hardware services reported a net loss of $7.3 million, or $1.06 a share, for the fiscal first quarter, compared with a net loss of $5 million, or $8.50 a share, for the comparable period in 1997. The company's stockholders approved a 1-for-10 reverse stock split on Oct. 5. Revenue rose to $29.5 million from $8.3 million. The Cerplex Group, formerly known as Aurora Electronics Inc.
BUSINESS
January 16, 1999 | Reuters
Tustin-based Cerplex Group Inc. said Friday that it is closing its manufacturing plant in Leeds, northern England, affecting about 30 employees. Cerplex, a provider of assembly, parts, repair and other services to the high-tech industry, said it will shift work from Leeds to plants in Enfield, England, and Lille, France. The move should boost productivity and turnaround times for Cerplex's customers, the company said in a statement.
BUSINESS
October 6, 1998
Shareholders of Tustin-based Cerplex Group Inc. have approved a 1-for-10 reverse stock split, decreasing the number of shares of common stock outstanding to 7.2 million from 72 million, the company said. The company, a provider of computer services, was created from the merger April 30 of Cerplex and Aurora Electronics. The company also said it has received an additional infusion of $5 million from its largest shareholder, New York-based private capital company Welsh, Carson, Anderson & Stowe.
BUSINESS
August 14, 1998
The Cerplex Group Inc.: The Tustin company, formed by the merger of Cerplex Inc. and Aurora Electronics Inc., reported a net loss of $9.6 million, or 22 cents a share, for the third fiscal quarter ended June 28, compared with a net loss of $4.8 million, or 71 cents a share, for the comparable quarter of fiscal 1997. Revenue advanced 38% to $23.7 million from $17.2 million. For the nine-month period, a net loss of $25.1 million, or $1.
BUSINESS
May 13, 1998 | Dow Jones
Cerplex Group Inc. said it signed a service agreement, believed to be worth about $2 million, with Aon Corp.'s IDS Aon Warranty unit. Tustin-based Cerplex, which provides a variety of services for the technology industry, said its service agreement with Aon's unit involves ink jet printers and monitor programs.
BUSINESS
February 3, 1998 | P.J. Huffstutter
Troubled Tustin computer service firm Cerplex Group Inc. said it has agreed to merge with a San Diego rival, Aurora Electronics Inc. The deal, a stock swap that is expected to close in April, will turn Cerplex into a wholly owned subsidiary of Aurora and will help it ease some of its ongoing financial problems, Cerplex officials said. Cerplex specializes in handling electronic repairs, while Aurora focuses on recycling technology and selling spare parts to the computer industry.
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