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Cms Enhancements Inc

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BUSINESS
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.
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BUSINESS
June 12, 1997 | (John O'Dell)
AmeriQuest Technologies said Wednesday that it will sell its CMS Enhancements Inc. subsidiary to the unit's general manager, Kenneth Burke. CMS designs, makes and markets data storage systems solutions. It was started in 1983 and changed its name to AmeriQuest in 1993, shifted its focus to wholesale distribution of computer products and retained the CMS operations in Costa Mesa as a subsidiary. AmeriQuest recently relocated its headquarters from Orange County to Florida.
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BUSINESS
April 21, 1987
CMS Enhancements Inc., a Tustin maker of personal computer enhancement products, said it has signed a multimillion-dollar contract with Panasonic Industrial Co., a division of Matsushita Electric Corp. of America, to supply hard disk drives for its line of personal computers. The exact value of the contract was not revealed.
BUSINESS
August 6, 1996 | GREG MILLER, TIMES STAFF WRITER
AmeriQuest Technologies Inc., a computer products developer and distributor, said Monday it will move its corporate headquarters to Florida and lay off more than 60 workers as it struggles to regain profitability. The company's CMS Enhancements subsidiary, which makes computer disk drives, will remain in Anaheim and will not be affected by the changes. The Santa Ana-based company disclosed its plans while reporting financial results for its third fiscal quarter.
BUSINESS
September 9, 1992 | DEAN TAKAHASHI, TIMES STAFF WRITER
Plagued for much of the year by layoff costs and intense competition in the computer industry, CMS Enhancements Inc. on Tuesday reported its second annual loss in a row. CMS also reported that it laid off dozens of employees during its fourth fiscal quarter, which ended June 30. That reduced the company's worldwide employment to 215, contrasted with more than 500 at the beginning of the calendar year. Stephen G.
BUSINESS
December 12, 1989 | David Olmos, Times staff writer
Enhancements' Stock: CMS Enhancements Inc.'s stock began trading on the New York Stock Exchange last week under the symbol CME. The Tustin computer company's shares previously were listed on the over-the-counter market.
BUSINESS
August 20, 1990 | From Times Staff and Wire Reports
Compaq Claims Trademark Infringement: Compaq Computer Corp. filed a trademark infringement suit against CMS Enhancements Inc. in Tustin, maintaining that CMS illegally used Compaq's name in disks and tape storage units for personal computers. The federal suit seeks to stop CMS from using Compaq trademarks, and asks for treble damages. (Filed Aug. 14, 1990. Case No. 90-4338).
BUSINESS
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.
BUSINESS
February 8, 1994 | DEAN TAKAHASHI, TIMES STAFF WRITER
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.
BUSINESS
December 10, 1993 | JAMES M. GOMEZ, TIMES STAFF WRITER
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.
BUSINESS
November 29, 1993
CMS Enhancements Inc., the Irvine computer products company, posted a profit of $62,000, or 2 cents a share, for the first quarter of its current fiscal year. That was up 22% from earnings of $51,000, or 2 cents a share, for the corresponding period a year earlier. Revenue for the quarter ended Sept. 30 declined 5% to $19.6 million from $20.6 million.
BUSINESS
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.
BUSINESS
November 29, 1993
CMS Enhancements Inc., the Irvine computer products company, posted a profit of $62,000, or 2 cents a share, for the first quarter of its current fiscal year. That was up 22% from earnings of $51,000, or 2 cents a share, for the corresponding period a year earlier. Revenue for the quarter ended Sept. 30 declined 5% to $19.6 million from $20.6 million.
BUSINESS
April 22, 1993 | From Times Staff and Wire Reports
New Subsidiary for Irvine Firm: CMS Enhancements Inc. said Wednesday that it has formed a new subsidiary to oversee distribution of its AnyBus translator, which allows for computer upgrades that keep pace with advances in personal computer technology. AnyBus Technology Corp. joins CDS Distribution Inc., formed earlier this year, as the Irvine-based company's two major subsidiaries. CMS President Michael J.
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