June 19, 2001
The slowdown in capital spending along with fewer orders for its wireless products led Datum Inc. on Monday to cut its second-quarter earnings forecast by as much as half. The Irvine maker of timing and frequency supplies said in a press release that it expects quarterly revenue to be $27 million to $29 million, which would result in earnings of 10 cents to 13 cents a share. Analysts had expected the company to earn 20 cents a share, according to a survey by First Call.
April 27, 2001
The Irvine manufacturer of time and frequency products reported record first-quarter net income of $1.8 million, or 28 cents a share, compared with net income of $328,000, or 5 cents a share, for the first quarter of 2000. Revenue increased 12% to a record $32.3 million.
April 10, 2001 |
Datum Inc. expects earnings of 25 cents to 30 cents a share for the first quarter ended March 31, up sharply from earnings a year ago and surpassing an analyst's estimates. The Irvine company, which makes high-performance products for telecommunications networks, earned $328,000, or 5 cents a share, a year ago. An analyst had estimated quarterly earnings of 20 cents a share, according to First Call/Thomson Financial. Revenue totaled about $33 million for the first quarter, up from $28.
February 21, 2001 |
The chief executive of Datum Inc., an Irvine maker of time and frequency products, said Tuesday that he is "nervous" about the ongoing turmoil at its biggest customer, troubled Lucent Technologies Inc. Erik H. van der Kaay, speaking at the Roth Capital Growth Conference in Dana Point, stated his feelings bluntly: "With all of the management turmoil, who is running the ship?" Van der Kaay has reason to be nervous. Lucent's business makes up about 30% of Datum's annual revenue, he said.
October 18, 2000 |
Datum Inc., an Irvine-based maker of precision timing systems, named Robert Krist vice president and chief financial officer, effective Nov. 1. He succeeds David A. Young, who resigned in July to pursue other opportunities. Christopher Felfe, Datum's corporate controller, had assumed the position on an interim basis. Krist previously served as chief financial officer of Bridge Medical Inc., a medical information technology company in Solana Beach, Calif.
August 9, 2000 |
Datum Inc. said it will cut about 20 jobs and combine operations in San Jose and Beverly, Mass., to reduce costs and eliminate duplicate positions and services. The Irvine-based telecommunications equipment company will form a test and measurement division with sales, marketing and administrative functions based in Beverly. Some other administrative and manufacturing operations in San Jose will be moved to Irvine. Datum shares rose $1.13 to close at $24 on Nasdaq.