May 28, 2003 |
Celestron International Inc., the second-largest maker of high-performance telescopes, didn't infringe a patent held by larger rival Meade Instruments Corp., a federal judge ruled. The judge in Santa Ana granted Celestron's request to dismiss the claim before trial, the Torrance-based firm said. The patent covers a process that uses global positioning satellite gear and computers to find objects in the sky.
June 21, 2002
* Odetics Inc. has sold its headquarters complex in Anaheim to real estate investors 1515 South Manchester LLC in a sale-lease-back transaction valued at $22 million. * Meade Instruments Corp. said its fiscal first-quarter loss narrowed to $507,000, or 3 cents a share, from $798,000, or 5 cents, a year ago. Sales rose 25% to $20.1 million.
June 6, 2002 |
Meade Instruments Corp. said Wednesday that it has filed a patent-infringement lawsuit against rival Celestron International Inc., a week after the U.S. government sought to block Meade from buying the rival telescope-maker. The lawsuit, filed against Celestron and its parent, Tasco Worldwide Inc., also names any prospective buyers of Tasco or Celestron. Meade, based in Irvine, said the suit also names James S.
September 21, 2001
* Meade Instruments Corp., an Irvine designer and manufacturer of telescopes, accessories and binoculars, reported that net income fell to $760,000, or 5 cents a share, for the second quarter from $2.6 million, or 17 cents a share, a year ago. Sales declined 24% to $27.2 million as the soft economy depressed sales of most major products, the company said.
April 20, 2001
The Irvine designer and manufacturer of telescopes and binoculars said it lost $4.7 million, or 31 cents a share, for the fourth quarter ended Feb. 28, which included pretax charges of $6.1 million against inventories and accounts receivable and $1.4 million from excess inventories and bad-debt expenses brought on by customer bankruptcies. A year ago, the company earned $899,000, or 6 cents a share. Sales rose 2% to $22.2 million. For the year, net income totaled $1.
December 21, 2000 |
Meade Instruments Corp.'s stock took a beating on Wall Street on Wednesday, a day after the Irvine telescope maker posted disappointing quarterly results. The stock slumped 33%, or $1.56 a share, to $3.81 in Nasdaq trading after Meade posted earnings of 13 cents a share for the third quarter ended Nov. 30, far below analysts' estimates of 41 cents a share.