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BUSINESS
July 1, 1986 | HENRY RIVERO
Datum Inc. said it has completed its purchase of Spectrum Technology Inc., a Goleta-based supplier of defense and aerospace specialty frequency products. The purchase, for an undisclosed cash amount, comes two months after Datum's announcement of an agreement in principle to acquire all of Spectrum's 45.5 million shares. This is the second such acquisition for Datum this year. In January, the company purchased the assets of Bancomm Inc., a San Jose-based manufacturer of precision timing devices.
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NEWS
October 8, 2002
Datum Inc., an Irvine maker of timing and frequency products for telecommunications industry, said Monday that its directors have rejected an unsolicited bid to buy the company for cash and stock worth $51.7 million. Datum said in a news release that Frequency Electronics Inc. in Mitchel Field, N.Y., offered, in a Sept. 26 letter, to buy Datum for $2 in cash and one share of Frequency stock for every Datum share. Instead, Datum said it will continue with plans to merge with Symmetricom Inc.
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BUSINESS
April 29, 1986
Datum Inc. said Monday that it will purchase for an undisclosed amount of cash 100% of the stock of Spectrum Technology Inc., a Goleta-based distributor of crystal oscillators for use in defense and aerospace applications. The Anaheim-based company declined to say how much it will pay for Spectrum, which had 1985 revenues of approximately $4 million. However, Louis B.
BUSINESS
May 24, 2002 | JAMES S. GRANELLI, TIMES STAFF WRITER
Datum Inc., an Irvine maker of timing devices, said Thursday that it agreed to be acquired by a San Jose-based competitor for stock worth $97 million. Symmetricom Inc., which has another deal pending to acquire a much smaller competitor, would exchange nearly 2.8 of its shares for each share of Datum. News of the deal sent Datum stock up 21%, or $2.39, to close at $13.80. Symmetricom fell 81 cents to $5.29. Both companies trade on Nasdaq.
BUSINESS
October 8, 1999 | Dow Jones
Third-quarter fall of 11 to 14 cents a share not as bad as last year but worse than analysts' 6-cent estimate. Datum Inc. said it expects to post losses of 11 cents to 14 cents a share for the third quarter, slightly less than what the Irvine company lost a year ago but steeper than what analysts were expecting. Analysts estimated the company's losses at 6 cents a share, according to a survey by First Call/Thomson Financial.
BUSINESS
August 9, 2000 | From Times Wire Services
Datum Inc., an Irvine-based maker of precision timing systems, said Tuesday it will cut about 20 jobs and combine operations in Massachusetts and San Jose to reduce costs and eliminate duplicate positions and services. The company will form a test and measurement division with sales, marketing and administrative functions based in Beverly, Mass. Some other administrative and manufacturing operations in San Jose will be moved to the company's headquarters in Irvine.
BUSINESS
February 24, 1985 | CARLA LAZZARESCHI
Datum Inc., an Anaheim company that shed its money-losing mini-computer line and now concentrates exclusively on precision frequency and timing devices, last week reported its highest-ever quarterly and annual earnings. For the fourth calender quarter, Datum posted profits of $480,000, nearly 6% higher than the $454,000 in the year-earlier period. Quarterly revenues were $5.3 million, 23% above those for the comparable 1983 quarter. For the entire year, the company's profits hit $1.
BUSINESS
November 9, 1992
Nature of Business: State-of-the-art time and frequency systems and equipment Total employees: 271 In Orange County: 87 Stock listing in The Times: On NASDAQ as "Datum" Ticker Symbol: "DATM" Friday's Stock Close: $2.50 Change: Down $0.13 Analyst Review: "Datum makes time crystal oscillators and atomic clocks that are so accurate they can test Einstein's theory of time and space travel. The problem is 75% of its products were geared to defense industry.
BUSINESS
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.
BUSINESS
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.
BUSINESS
April 10, 2001 | Dow Jones
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.
BUSINESS
February 21, 2001 | From Dow Jones Newswires
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.
BUSINESS
October 18, 2000 | Dow Jones
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.
BUSINESS
August 9, 2000 | Bloomberg News
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.
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