August 5, 1986 |
Tandon's stock slipped 25% on heavy volume in the past two days of trading, after the company's unexpected announcement Friday that it will post a significant loss for the third quarter that ended June 29 and suffer further losses through at least December. The Chatsworth computer products company's stock closed Monday at $3.37 1/2 in over-the-counter trading, on volume of nearly 1.5 million shares. The price was down $.12 1/2 from Friday's closing price and $1.
July 8, 1986 |
Stock prices for public companies in the San Fernando Valley area leveled off in the second quarter after rising sharply in the first three months. Losers and gainers were split evenly in the quarter ended June 30 among the 63 publicly traded companies in the area tracked by MPACT Securities, an Austin, Tex.-based firm that computes stock-price information for The Times on companies with headquarters or more than 2,000 employees in the San Fernando Valley-area.
September 2, 1986 |
Nearly 60% of the largest public companies based in the San Fernando Valley area posted higher profits in their most recently completed quarters, with insurance firms showing the biggest gains. Among the 53 companies surveyed, 30 reported higher profits than in the same period last year while eight posted lower net income. Another 15 firms lost money, but six of them narrowed their deficits from a year before.