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Laser Precision Corp

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BUSINESS
August 6, 1991
Laser Precision Corp., an Irvine manufacturer of test and measurement equipment, said Monday that it has closed the sale of its analytical division's assets to Air & Water Technologies Corp., a New Jersey company, for about $5 million. Air & Water Technologies, based in New Jersey, provides environmental services for air pollution control, water resources management and the disposal and reuse of waste byproducts.
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BUSINESS
December 6, 1994
Laser Precision Corp. said Monday that 90.1% of its common stock has been tendered in an acquisition offer by GN Great Nordic Ltd. Two-thirds of Laser Precision's stock had to be tendered, at a price of $8 a share, by Dec. 2 for the merger to be finalized. At that price, the merger would be worth an estimated $38 million. The company would not comment on the deal or on a lawsuit filed in Orange County Superior Court Nov. 10 by shareholder Joseph J. Nicholas.
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BUSINESS
September 6, 1991 | DEAN TAKAHASHI, TIMES STAFF WRITER
In an unusual step, Laser Precision Corp. issued a press release Thursday saying it is unaware of any reason for the recent slide in its stock price except for its recent change in top management. The stock price for the manufacturer of test equipment started falling last Friday after the company announced that its chief executive, David Goodman, was being replaced by board member C. Frederick Sehnert.
BUSINESS
April 25, 1993
Laser Precision Corp.: The San Juan Capistrano maker of test and measurement instruments and systems posted a first-quarter profit of $17,000, or less than 1 cent a share, contrasted with a loss of $126,000, or 3 cents a share, for the same period a year earlier. Revenue increased 28% to $5.9 million from $4.6 million.
BUSINESS
May 18, 1986
Laser Precision Corp., an Irvine-based manufacturer of telecommunications instruments, said Norman A. Jennings, a senior vice president, will expand his duties to take over day-to-day operations of the company's analytic instruments division in Irvine, and that Eugene R. White has been hired to fill the new position of vice president and general manager of the company's radiometric and fiber optics division in Ithaca, N.Y.
BUSINESS
August 7, 1985
Laser Precision Corp., an Irvine manufacturer of industrial and laboratory testing instruments, lost $48,181 in the second quarter ended June 30, down from the $256,649 loss it posted for the same quarter a year ago. For the first half of 1985 the company's loss totalled $293,461, down from a loss of $694,380 for the first 6 months of 1984. Revenues for the second quarter were $2.37 million, compared to revenues of $1.9 million for the same period last year.
BUSINESS
July 30, 1991
Laser Precision Corp., a maker of industrial test and measurement instruments, has announced that its shareholders have approved the sale of the company's analytical division here to Air & Water Technologies Corp. in New York for $5 million.
BUSINESS
June 14, 1993
Nature of business: Makes computerized instruments for testing fiber optic networks. Total employees: 165 In Orange County: 5 Stock listing in The Times: On NASDAQ as "LaserPr" Ticker symbol: "LASR" Friday's stock close: $9.13 One-week change: Down $0.87 * Analyst review: "Laser Precision is the domestic leader in the fiber optic test equipment industry.
BUSINESS
May 6, 1986
Increased sales helped pave the way for a turnaround at Laser Precision Corp., which on Monday reported first-quarter net earnings of $52,110, compared with a loss of $245,280 a year ago. Revenues for the Irvine-based manufacturer of measuring instruments for use in fiber optic telecommunications and laser research rose 42% to $2.7 million, from $1.9 million for the first quarter of 1985.
BUSINESS
April 25, 1993
Laser Precision Corp.: The San Juan Capistrano maker of test and measurement instruments and systems posted a first-quarter profit of $17,000, or less than 1 cent a share, contrasted with a loss of $126,000, or 3 cents a share, for the same period a year earlier. Revenue increased 28% to $5.9 million from $4.6 million.
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