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Cerplex Group Inc

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.
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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.
BUSINESS
February 3, 1998 | P.J. HUFFSTUTTER, TIMES STAFF WRITER
Troubled computer service firm Cerplex Group Inc. said Monday that 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 help the Orange County firm ease some of its ongoing financial problems, company officials said.
BUSINESS
August 28, 1997 | John O'Dell
Cerplex Group Inc., an electronic repair services and spare parts supplier, posted a second-quarter loss of $9.4 million, or 30 cents a share, compared with a year-earlier profit of $702,000, or 5 cents a share. Revenue fell 23% to $39.3 million from $51.3 million. The company said its second-quarter results included a $6.6-million gain from the sale of its Peripheral Computer Support Inc. subsidiary and charges of $4.3 million for restructuring expenses and $7.
BUSINESS
August 12, 1997
Cerplex Group Inc. said Monday it has signed an agreement to sell its Modcomp / Cerplex L.P. computer systems subsidiary to CSP Inc. Cerplex, a provider of electronic repair services and spare parts, said it will net about $8.2 million from the sale and will use the proceeds to reduce its bank debt and for working capital. The company said the sale is expected to close by the end of the month. Florida-based Modcomp posted $36.
BUSINESS
July 9, 1997 | JOHN O'DELL, TIMES STAFF WRITER
Cerplex Group Inc. said Tuesday that a turnaround specialist recommended by its bankers will take over as chief executive to guide the computer repair services firm through a restructuring. Stephen J. Hopkins, a principal of Nightingale & Associates LLC, a Connecticut-based financial and management consulting firm, replaces Cerplex founder William A. Klein.
BUSINESS
June 28, 1997 | From Times Staff and Wire Reports
Struggling computer services company Cerplex Group said Friday it plans to eliminate a third of the work force at the company's headquarters here as part of a sweeping plan to cut costs. The company will cut 42 of the 125 jobs at its Tustin offices, part of a plan to reduce its North American work force by more than 16%. Cerplex said it also plans to consolidate its operations and look for new headquarters in Orange County for its reduced corporate staff.
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