I O Magic Corp

I/O Magic Corp., an Irvine maker of peripheral personal computer products, has retained investment banker NC Capital Markets to help it identify growth strategies as well as merger and acquisition candidates. Last month, the company said that IBM Credit Corp. had tentatively agreed to give I/O Magic $15 million in financing to compete more effectively.

I/OMagic Corp., which sells add-on products for personal computers, said Wednesday it has cut its work force from 300 to fewer than 100 in the 18 months since it acquired Hi-Val Inc., owner of the competing Hi-Val Multimedia products. I/OMagic, based in Santa Ana, said it has consolidated three facilities, including separate warehouses and technical support centers, into a central operation. The acquisition also gave I/OMagic the right to a third brand, Digital Research Technology.

I/O Magic Corp., a manufacturer of multimedia computer products, said it has a tentative agreement to acquire Eiger Labs Inc. Terms of the agreement were not disclosed. Eiger, based in Sunnyvale, produces portable PC card multimedia and communications products. The combined companies will be based in Irvine, I/O Magic said.

Digital cameras are getting so good, so fast that it is almost not worth buying one. Every six months or so, some camera company comes out with a new generation of cheaper, sharper camera, which usually blows the previous generation out of the water. Nowhere is this more true than in the under-$150 category, which barely existed a year ago. Back then, there were cameras such as the Nick Click or the Barbie Photo Designer, but they were really just children's toys.

I/O Magic Corp., a developer of multimedia and communications products, narrowed its losses in the second quarter on record revenue. The company posted a net loss of $24,100, compared with a net loss of $127,800 a year ago. Revenue rose to $1.2 million from $117,800. For the first half, the company lost $220,200, compared with a loss of $245,600 for the same period in 1995. Revenue rose to $1.4 million from $182,500.

I/OMagic Corp.: The Irvine developer and marketer of peripheral personal computer products posted a profit of $93,607 for the first quarter, contrasted with a loss of $34,640 for the same period in 1998. Sales rose to a record $6 million from $2.5 million.

I/OMagic Corp. said an original equipment manufacturer has agreed to purchase about 200,000 internal telephonic modem cards in a deal worth about $6.7 million. I/O did not disclose the name of the company. I/OMagic said the cards are designed to allow data and voice transmissions over a single line. I/OMagic develops and markets PC card and desktop card multimedia and communications products.

I/OMagic Corp., Irvine developer and marketer of peripheral personal computer products, posted a profit of $972,563, or 3 cents a share, for the fourth quarter, contrasted with a net loss of $327,358, or 2 cents a share, for the same period in 1998. Sales rose to a record $19.4 million from $5.3 million.

I/OMagic Corp. said Tuesday it has hired Meridian Capital Group Inc., a Newport Beach investment banking firm, to develop a strategy for the company to meet requirements to be listed on the Nasdaq SmallCap market. The stock currently trades over the counter. Financial terms weren't disclosed. Irvine-based I/OMagic develops and makes multimedia and communication peripheral products.

Digital cameras are getting so good, so fast that it is almost not worth buying one. Every six months or so, some camera company comes out with a new generation of cheaper, sharper camera, which usually blows the previous generation out of the water. Nowhere is this more true than in the under-$150 category, which barely existed a year ago. Back then, there were cameras such as the Nick Click or the Barbie Photo Designer, but they were really just children's toys.

I/O Magic Corp., an Irvine maker of peripheral personal computer products, has retained investment banker NC Capital Markets to help it identify growth strategies as well as merger and acquisition candidates. Last month, the company said that IBM Credit Corp. had tentatively agreed to give I/O Magic $15 million in financing to compete more effectively.

I/OMagic Corp., Irvine developer and marketer of peripheral personal computer products, posted a profit of $972,563, or 3 cents a share, for the fourth quarter, contrasted with a net loss of $327,358, or 2 cents a share, for the same period in 1998. Sales rose to a record $19.4 million from $5.3 million.

I/OMagic Corp.: The Irvine developer and marketer of peripheral personal computer products posted a profit of $93,607 for the first quarter, contrasted with a loss of $34,640 for the same period in 1998. Sales rose to a record $6 million from $2.5 million.

I/OMagic Corp. said Tuesday it has hired Meridian Capital Group Inc., a Newport Beach investment banking firm, to develop a strategy for the company to meet requirements to be listed on the Nasdaq SmallCap market. The stock currently trades over the counter. Financial terms weren't disclosed. Irvine-based I/OMagic develops and makes multimedia and communication peripheral products.

I/O Magic Corp., a manufacturer of multimedia computer products, said it has a tentative agreement to acquire Eiger Labs Inc. Terms of the agreement were not disclosed. Eiger, based in Sunnyvale, produces portable PC card multimedia and communications products. The combined companies will be based in Irvine, I/O Magic said.

I/OMagic Corp. said an original equipment manufacturer has agreed to purchase about 200,000 internal telephonic modem cards in a deal worth about $6.7 million. I/O did not disclose the name of the company. I/OMagic said the cards are designed to allow data and voice transmissions over a single line. I/OMagic develops and markets PC card and desktop card multimedia and communications products.

I/OMagic Corp., which sells add-on products for personal computers, said Wednesday it has cut its work force from 300 to fewer than 100 in the 18 months since it acquired Hi-Val Inc., owner of the competing Hi-Val Multimedia products. I/OMagic, based in Santa Ana, said it has consolidated three facilities, including separate warehouses and technical support centers, into a central operation. The acquisition also gave I/OMagic the right to a third brand, Digital Research Technology.

* Lynn Martineau has been appointed president of the West Coast division of Home Depot, based in Fullerton. He succeeds Harry Pierce, who is taking a temporary leave of absence. Pierce will join the Atlanta Store Support Center management team when he returns from his leave. Martineau was formerly vice president of merchandising for the company's Southeast division. In addition, Bruce Merino was named vice president of merchandising for the Pacific South region.

I/O Magic Corp., a developer of multimedia and communications products, narrowed its losses in the second quarter on record revenue. The company posted a net loss of $24,100, compared with a net loss of $127,800 a year ago. Revenue rose to $1.2 million from $117,800. For the first half, the company lost $220,200, compared with a loss of $245,600 for the same period in 1995. Revenue rose to $1.4 million from $182,500.