June 6, 2001 |
Dense-Pac Microsystems' stock price moved up Tuesday amid rumors that the Garden Grove builder of high-powered computer memory systems is a takeover target. A handful of takeover rumors appeared on Internet message boards saying Micron Technology, a Boise, Idaho, chip maker, was targeting Dense-Pac. Dense-Pac would not confirm or deny the rumors, "but to my knowledge there has been no attempt to take over the company," spokesman Joe Zappulla said. Micron executives did not return calls.
April 13, 2001
The Garden Grove maker of electronic design and manufacturing systems posted a fourth-quarter loss of $669,000, or 3 cents a share, compared with a profit of $864,000, or 4 cents a share, a year earlier. Revenue for the three months ended Feb. 28 rose 22% to $8 million. For the fiscal year, the company earned $1.8 million, or 9 cents a share, down from $2.6 million, or 13 cents a share, the previous year. Revenue rose 30% to $35.8 million.
December 7, 2000 |
Dense-Pac Microsystems Inc. said its board authorized the repurchase of up to 500,000 shares, or 2.5% of the Garden Grove company's common stock outstanding. Dense-Pac, which provides high-density electronic design and manufacturing systems, said it will buy back the shares from time to time over the next year at prevailing prices in the open market, subject to market conditions.
November 28, 2000 |
Dense-Pac Microsystems Inc. said Monday it has sold its TypeHaus unit to the unit's management for cash and a secured note. Financial details were not disclosed. Dense-Pac said the unit, which provides printing services for laser printing, was acquired in 1997. Garden Grove-based Dense-Pac makes three-dimensional high-density semiconductor packaging products.
October 20, 2000 |
Dense-Pac Microsystems Inc., a Garden Grove maker of high-density semiconductor products, said Thursday that it has signed a letter of intent to buy a Laguna Hills engineering and manufacturing outsourcing firm for $6 million in stock and debt. Dense-Pac said in a press release that it plans to buy Productivity Enhancement Products Inc., which has generated $7 million in revenue over the past 12 months.
August 11, 2000 |
Dense-Pac Microsystems Inc. shares moved lower again Thursday after the one analyst who covers the company lowered his rating. The Garden Grove company's stock, which tumbled more than 30% Wednesday, fell nearly 20%, or $1.31, on Thursday to close at $5.31 in Nasdaq trading. The first-day sell-off came after the company, which builds computer memory systems, warned that a shortage of some computer chips will hurt business in the current quarter.