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Cybernetics Products Inc

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BUSINESS
December 24, 1995
Shareholders of Cybernetics Products Inc. have approved a one-for-four reverse stock split and a change of name to Dynamotion/ATI Corp. Cybernetics said the Dynamotion/ATI name is well-known for printed circuit board drilling technology. The company also announced that Howard J. Jelinek, founder of Electronic Design Associates, has joined its board of directors. Cybernetics Products Inc. develops and manufactures precision, high-volume drills and routers for electronic circuit boards.
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BUSINESS
December 24, 1995
Shareholders of Cybernetics Products Inc. have approved a one-for-four reverse stock split and a change of name to Dynamotion/ATI Corp. Cybernetics said the Dynamotion/ATI name is well-known for printed circuit board drilling technology. The company also announced that Howard J. Jelinek, founder of Electronic Design Associates, has joined its board of directors. Cybernetics Products Inc. develops and manufactures precision, high-volume drills and routers for electronic circuit boards.
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BUSINESS
April 1, 1994
Cybernetics Products Inc. said Thursday it has agreed to a stock swap to acquire a controlling interest in Vision Ten Inc., a maker of X-ray equipment. Cybernetics said a big shareholder agreed to exchange a 51% stake in Torrance-based Vision Ten for 160,000 Cybernetics shares. At Thursday's closing price of $1.187 a share, the deal has a value of $190,000 for Cybernetics.
BUSINESS
March 31, 1995 | ROSS KERBER, TIMES STAFF WRITER
Cybernetics Products Inc., a maker of computer manufacturing equipment, Thursday announced employee layoffs from its main plant and the resignation of its president and chief executive officer, following three years of losses. Kirk A. Waldron, the company's chief financial officer, declined to specify the number layoffs at the Santa Ana plant, except to say that it would be a quarter of non-production employees there.
BUSINESS
March 4, 1995
Cybernetics Products Inc., the Santa Ana manufacturer of drills and routers for electronic circuit boards, reported a loss from continuing operations for 1994. The company said it lost $298,000, or 6 cents a share, compared to a loss from continuing operations of $861,000, or 23 cents a share, for 1993. The 1993 figures included a onetime restructuring cost of $812,000. Revenue from continuing operations for 1994 rose 43% to $16.2 million from $11.3 million.
BUSINESS
November 3, 1994
Cybernetics Products Inc.: The Santa Ana manufacturer of camera systems and drills and routers for electronic circuit boards incurred a third-quarter net loss of $321,000, or 9 cents a share, compared with a net loss of $1.3 million, or 37 cents a share, for the comparable quarter in 1993. Revenue rose to $5.1 million from $4.1 million. For the nine-month period, the company lost $176,000, or 13 cents a share, compared with a net loss of $1.
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