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BUSINESS
July 8, 1997
DDL Electronics Inc. has repaid its 10% Senior Secured Notes due July 1 in the aggregate amount of $5.3 million, the Newbury Park company said. A portion of the notes were paid off with $2 million borrowed from a private investor under a 8% promissory note that is convertible into DDL common stock at 75 cents per share. The convertible note matures Aug. 31, 1998, and is secured by a pledge of all of the outstanding shares of SMTEK Inc., DDL's U.S. operating subsidiary.
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BUSINESS
July 8, 1997
DDL Electronics Inc. has repaid its 10% Senior Secured Notes due July 1 in the aggregate amount of $5.3 million, the Newbury Park company said. A portion of the notes were paid off with $2 million borrowed from a private investor under a 8% promissory note that is convertible into DDL common stock at 75 cents per share. The convertible note matures Aug. 31, 1998, and is secured by a pledge of all of the outstanding shares of SMTEK Inc., DDL's U.S. operating subsidiary.
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BUSINESS
July 24, 1991 | RALPH VARTABEDIAN, TIMES STAFF WRITER
Every time the cash register rings at a WalMart, a burst of data goes from the sales counter to a Hughes Aircraft satellite 22,300 miles overhead and then back down to WalMart headquarters in Bentonville, Ark. The WalMart communications system, which links 1,550 stores, represents one of Hughes' most significant new areas of growth. Similar systems are operating at Chevron, Target, Holiday Inn, Chrysler and General Motors.
BUSINESS
July 24, 1991 | RALPH VARTABEDIAN, TIMES STAFF WRITER
Every time the cash register rings at a WalMart, a burst of data goes from the sales counter to a Hughes Aircraft satellite 22,300 miles overhead and then back down to WalMart headquarters in Bentonville, Ark. The WalMart communications system, which links 1,550 stores, represents one of Hughes' most significant new areas of growth. Similar systems are operating at Chevron, Target, Holiday Inn, Chrysler and General Motors.
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