April 4, 1991
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.
December 12, 1989 |
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.
May 9, 1992 |
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.
July 17, 1991 |
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.
February 22, 1991 |
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.
March 14, 1992 |
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.