January 21, 1988 |
Computer Memories, which has been trying to go out of business for some 18 months, is finding itself the object of a takeover fight. The nearly liquidated Chatsworth concern last month agreed to be absorbed by DIC, a Burbank company that is the nation's largest television cartoon factory. But an investment group led by Paul and Natalie Koether of Far Hills, N.J.
July 28, 1985
Regarding "Computer Memories Fires 177 in Chatsworth" (July 13), the reporter tells a tale that has graced our newspapers all too often in the past few years. The story said that our small community of Chatsworth has lost a computer memories company to Singapore. Irwin Rubin, the company's chief executive, said: "We have to go where it's cheaper to do things." Was Rubin born in Singapore; did he receive his education in Singapore, will he sell his product to Singapore? Of course not!
December 6, 1988
The table below lists the short interest in various Valley stocks. In a short sale, an investor sells borrowed stock--in effect betting the price will drop--after which he can buy back the stock at a lower price and return the shares to the lender and pocket the difference. Of course, if the stock goes up in price, the short seller loses money. Short interest is the number of shares that have been borrowed for short sales and not yet repurchased.
March 17, 1987 |
Less than two years ago, Computer Memories enjoyed a coveted contract to supply mighty IBM with about $100 million worth of its computer disk drives. But Computer Memories withered away in a hurry. The company went from one of the nation's largest makers of computer disk drives, with 1,600 employees, to little more than a corporate shell with two dozen employees. And last Friday it announced it would merge with another company in a move that will end Computer Memories' seven-year existence.