August 23, 1996
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.
April 23, 1999
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.
August 29, 1996
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.
February 8, 2000
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.
June 10, 1998 |
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.
October 21, 1996
* 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.