Distributed Logic Corp

Distributed Logic Corp. of Anaheim on Tuesday reported a loss of $2.2 million for fiscal 1988, its second annual loss in a row, and disclosed that it has laid off 30 workers. The layoffs were mostly confined to the computer equipment maker's Anaheim plant and constituted a 10% reduction in its work force nationwide, said Sam M. Auriemma, Distributed Logic's chief financial officer.

Distributed Logic Corp., a struggling computer peripherals company in Irvine, confirmed Friday that it has liquidated its two subsidiaries in Great Britain. The subsidiaries--Dialog Computer Systems Ltd. and Dialog Computer Products Group--went into receivership April 21 after the company failed to find a buyer for them. The units were acquired in 1987 from Plessey U.K. Ltd., together with Plessey's subsidiaries in Canada and Irvine.

Distributed Logic Corp. has endured one disaster after another in the past year. The computer products company's financial performance took a nose dive because of a failed merger, a shortage of working capital that forced the company to trim its product lines and a steep drop in sales, the company reported Friday. Thomas R.

Distributed Logic Corp., the Anaheim maker of computer storage systems, reported net income of $228,886 on revenue of $8.6 million for the first quarter ended Jan. 31, compared to a loss of $1.7 million on revenue of $10.3 million for the same period a year earlier. The earnings included a onetime gain of $1.9 million on the sale of the company's field-service assets.

Tighter Management: Distributed Logic Corp. said Monday that it has made organizational changes intended to streamline its worldwide operations. The Anaheim company said the moves are designed to provide "tighter, more responsive management control on a regional basis." Under the restructuring, Distributed Logic formed operating units for its Pacific Rim, European and Canadian operations.

Distributed Logic Corp., a struggling computer peripherals company in Irvine, confirmed Friday that it has liquidated its two subsidiaries in Great Britain. The subsidiaries--Dialog Computer Systems Ltd. and Dialog Computer Products Group--went into receivership April 21 after the company failed to find a buyer for them. The units were acquired in 1987 from Plessey U.K. Ltd., together with Plessey's subsidiaries in Canada and Irvine.

Distributed Logic Corp., a struggling maker of storage systems for Digital Equipment Corp. computers, agreed to be acquired Tuesday by a Massachusetts computer company in a stock transaction. Clearpoint Research Corp. will acquire 87% of Dilog's stock in the deal, known as a reverse acquisition. In exchange, Dilog shareholders will receive 13% of a newly formed company, to be called Clearpoint Technology Inc. The assets and liabilities of Clearpoint will be transferred to Dilog.

Distributed Logic Corp. on Thursday reported a $5.7-million loss and declining sales for its fiscal 1990 and said it has laid off 35% of its domestic work force. Between November and January, the company laid off 45 people, trimming its total work force to about 160, said Thomas R. Anderson, chief financial officer. The manufacturer of computer storage products and communications components defaulted on its loan payments earlier this month, he said.

Distributed Logic Corp. has endured one disaster after another in the past year. The computer products company's financial performance took a nose dive because of a failed merger, a shortage of working capital that forced the company to trim its product lines and a steep drop in sales, the company reported Friday. Thomas R.

Distributed Logic Corp., a struggling maker of storage systems for Digital Equipment Corp. computers, agreed to be acquired Tuesday by a Massachusetts computer company in a stock transaction. Clearpoint Research Corp. will acquire 87% of Dilog's stock in the deal, known as a reverse acquisition. In exchange, Dilog shareholders will receive 13% of a newly formed company, to be called Clearpoint Technology Inc. The assets and liabilities of Clearpoint will be transferred to Dilog.

Distributed Logic Corp., the Anaheim maker of computer storage systems, reported net income of $228,886 on revenue of $8.6 million for the first quarter ended Jan. 31, compared to a loss of $1.7 million on revenue of $10.3 million for the same period a year earlier. The earnings included a onetime gain of $1.9 million on the sale of the company's field-service assets.

Distributed Logic Corp. on Thursday reported a $5.7-million loss and declining sales for its fiscal 1990 and said it has laid off 35% of its domestic work force. Between November and January, the company laid off 45 people, trimming its total work force to about 160, said Thomas R. Anderson, chief financial officer. The manufacturer of computer storage products and communications components defaulted on its loan payments earlier this month, he said.

Under pressure from its lenders, financially troubled Distributed Logic Corp. said Wednesday that it has sold its computer service operations in the United States to Santa Ana-based Novadyne for an undisclosed price. The cash-hungry company also sold its computer service operations in the United Kingdom, to British computer firm Sorbus Ltd. The purchase price was not disclosed.

Distributed Logic Corp., an Anaheim-based computer products company, has promoted three senior managers to new posts as vice presidents. William E. Walker and Paul Cummings have been named vice presidents in the sales division, supervising sales to original equipment manufacturers and to end-users, respectively. Lewis Wagner is the new vice president of operations. Walker joined Dilog in 1985 as western region sales manager and was named director of international sales in 1986.

Under pressure from its lenders, financially troubled Distributed Logic Corp. said Wednesday that it has sold its computer service operations in the United States to Santa Ana-based Novadyne for an undisclosed price. The cash-hungry company also sold its computer service operations in the United Kingdom, to British computer firm Sorbus Ltd. The purchase price was not disclosed.

Distributed Logic Corp. of Anaheim said it is negotiating to buy the Plessey Peripheral Systems Inc. unit of the Plessey Co. of Essex, England, as well as two PPSI subsidiaries. The purchase price would be less than $10 million, the company said. Distributed Logic officials said they hope to close a deal in two or three weeks to buy PPSI of Irvine and its sales and service companies in Toronto and in Towcester, England, about 60 miles northwest of London. No definite agreement has been reached.

Tighter Management: Distributed Logic Corp. said Monday that it has made organizational changes intended to streamline its worldwide operations. The Anaheim company said the moves are designed to provide "tighter, more responsive management control on a regional basis." Under the restructuring, Distributed Logic formed operating units for its Pacific Rim, European and Canadian operations.

Distributed Logic Corp. of Anaheim on Tuesday reported a loss of $2.2 million for fiscal 1988, its second annual loss in a row, and disclosed that it has laid off 30 workers. The layoffs were mostly confined to the computer equipment maker's Anaheim plant and constituted a 10% reduction in its work force nationwide, said Sam M. Auriemma, Distributed Logic's chief financial officer.