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Cerplex Group Inc

BUSINESS
January 12, 2000
The Irvine computer hardware servicing company Cerplex Group Inc. posted a net loss of $50.6 million, or $7.43 a share, for the fiscal year ended Sept. 30. It lost $29.1 million, or $8.26 a share, for the previous fiscal year. Its annual revenue rose to $93.3 million last year from $66.4 million. Cerplex did not disclose its fourth-quarter results.
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BUSINESS
November 30, 1999
The Cerplex Group Inc. in Irvine, which provides computer parts and repair to the high-tech industry, said Monday that it has closed a $13-million revolving credit line to provide additional working capital and financing for domestic growth. The credit facility with Congress Financial Corp. is secured by assets and matures in February 2001.
BUSINESS
October 28, 1999 | JOSEPH MENN, TIMES STAFF WRITER
Packard Bell NEC made an undisclosed payment to Irvine-based Cerplex Group on Wednesday and retrieved hundreds of customers' laptop computers held hostage during a dispute between the companies. "They fulfilled their obligation under the agreement we signed, and the trucks are being loaded right now," Cerplex President Dick Alston said. The dispute stems from what Cerplex says are unpaid bills to Packard Bell for repair work dating back more than six months.
BUSINESS
October 25, 1999 | JOSEPH MENN, TIMES STAFF WRITER
Hundreds of NEC laptop users who sent their computers in for repair have had the machines held hostage in a business dispute between Packard Bell NEC and Cerplex Group, an Irvine-based company under contract to fix the machines. Sacramento-based Packard Bell directed the customers to send the Ready line of commercial laptops, which were made by another contractor, to a repair facility run by Cerplex in Livermore, Calif.
BUSINESS
August 19, 1999
The Irvine provider of high-tech services and parts reported a net loss in the quarter of $23.4 million, or $3.18 a share, which included a special charge of $18.4 million. That compared with a net loss of $9.6 million, or 22 cents a share, for the second quarter last year. Revenue increased 1% to $23.9 million.
BUSINESS
June 29, 1999 | P.J. Huffstutter
In an effort to help it repay debt and return to profitability, computer service firm Cerplex Group Inc. said Thursday that its majority shareholder will invest another $50 million and convert $32.1 million of its existing debt into equity. The New York-based investment firm, Welsh, Carson, Anderson & Stowe VII L.P., already owns about 85% of Cerplex's common stock. Irvine's Cerplex is a provider of assembly, parts, repair and other services to the high-tech industry.
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.
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.
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