March 4, 2000
Wall Street hammered Litronic Inc. on Friday, a day after the Irvine provider of Internet data security services said it would report a larger-than-expected loss for the fourth quarter. Litronic's stock fell $4.81 a share, or 22%, to $16.94 in Nasdaq trading. The company had said Thursday after the market closed that it expects to report a quarterly loss of 25 to 30 cents a share on revenue of $11 million to $12 million. That projection is below Wall Street analysts' expectations.
September 29, 2000 |
Litronic Inc., an Irvine seller of Internet security products, said Thursday that its president and chief operating officer, William Davis, has resigned for personal reasons. Litronic said in a press release that Davis, who for the last year headed operations at the company's Pulsar Data Systems unit, will continue as an advisor. Davis was the owner and founder of Pulsar before its 1999 merger with Litronic.
August 15, 2001
* NetGuru Inc., a Yorba Linda information technology company, reported that its net loss for the first quarter widened to $1.2 million, or 7 cents a share, from $300,000, or 4 cents a share, a year earlier. Revenue fell 7% to $6.8 million. * Lake Forest collectibles company L.L. Knickerbocker Co. reported second-quarter profit of $180,000, contrasted with a net loss of $671,000, or 1 cent a share, for the comparable period last year. Sales declined 24% to $6.7 million.
November 11, 1999 |
Irvine-based Litronic Inc. said chief financial officer Tom W. Seykora resigned to pursue other interests. The Internet data security services company said its controller, Ray Russomanno, will assume Seykora's post until a permanent successor is found.