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.
April 22, 1993 |
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.