February 13, 1994
CMS Enhancements Inc., an Irvine computer products distributor, lost almost $5 million, or $1.07 a share, for the second fiscal quarter, when it took a restructuring charge of $5 million, the company said. For the corresponding period a year earlier, the company posted a profit of $61,000, or 2 cents a share. Sales for the quarter, which ended Dec. 31, were up 7%, to $20.3 million from $18.9 million. For the first six months, the company reported a loss of $4.9 million, or $1.24 a share.
February 8, 1994 |
In a bid to become a national distributor of computer products, CMS Enhancements Inc. said Monday it has closed a division, has laid off 25% of its staff, and will change its name. The company is shutting down its Anybus personal-computer components subsidiary and taking a charge against earnings of $4.8 million to $5.2 million for its second fiscal quarter ended Dec. 31, said Stephen Holmes, chief financial officer. "Anybus is not consistent with the strategy," Holmes said.
December 10, 1993 |
Shortly after reporting its first profit in two years, CMS Enhancements Inc. said Thursday that it has chosen a new management team to lead the Irvine distributor and assembler of computer supplies. Terren Peizer, 34, was elected chairman of the CMS board, replacing Jamshed (Jim) Farooquee, who co-founded the company in 1983. Farooquee also lost his post as chief executive officer.
September 26, 1993
CMS Enhancements Inc., the Irvine computer products company, reported a profit of $236,000, or 8 cents a share, for its latest fiscal year. That contrasted with a loss of $8.9 million, or 3.04 cents a share, for the previous 12 months. Sales for the year ended June 30 declined to $73.1 million from $115.1 million. For its fourth fiscal quarter, the company posted a profit of $40,000, or 1 cent a share, contrasted with a loss of $1.