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Helionetics International

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February 13, 1990 | JONATHAN WEBER, TIMES STAFF WRITER
Helionetics Inc. announced Monday that it had signed a letter of intent to acquire Definicon International Corp. of Newbury Park for about $12.5 million in stock. Charles W. Jobbins, Helionetics chairman and chief executive, said the merged companies will be called Helionetics International, and Vincent P. Williams, currently chief executive of Definicon, will be the new company's president and chief executive.
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BUSINESS
February 13, 1990 | JONATHAN WEBER, TIMES STAFF WRITER
Helionetics Inc. announced Monday that it had signed a letter of intent to acquire Definicon International Corp. of Newbury Park for about $12.5 million in stock. Charles W. Jobbins, Helionetics chairman and chief executive, said the merged companies will be called Helionetics International, and Vincent P. Williams, currently chief executive of Definicon, will be the new company's president and chief executive.
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BUSINESS
May 29, 1991 | DEAN TAKAHASHI, TIMES STAFF WRITER
Hobbled by a late payment from a customer in Brazil, Helionetics Inc., a maker of power systems and computer components, reported a loss of $9.7 million for its fiscal year ended Dec. 31 and said the company is fighting off a financial collapse. The loss for the 1990 fiscal year compares to net income of $9.6 million for the previous year, when earnings were inflated by a onetime gain because of the company's reorganization of its debt and emergence from bankruptcy proceedings.
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