December 18, 1998
Meade Instruments Corp., Irvine designer and manufacturer of telescopes and accessories, reported record net income and sales for the third quarter. The company said it earned $3.9 million, or 56 cents a share, for the three months ended Nov. 30, up 56% from $2.5 million, or 37 cents a share, a year earlier. Sales rose 29% to $31.2 million from $24.1 million.
June 22, 2000
Meade Instruments Corp., Irvine designer and manufacturer of telescopes and accessories, posted net income of $1.4 million, or 9 cents a share, for the fiscal first quarter ended May 31, 27% higher than the $1.1 million, or 8 cents a share, for the like period last year. Sales increased 33% to $22.8 million.
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.
August 9, 2000
Natural Wonders Inc., a chain of mall-based stores selling gifts with science and nature themes, will stop carrying Meade Instruments Corp.'s products, the Irvine maker of telescopes and binoculars said Tuesday. Natural Wonders will halt its arrangement after acquiring rival World of Science, Meade said. The acquisition is expected to be wrapped up this quarter.
July 5, 2013 |
Directors of Meade Instruments Corp., which has helped foster the consumer market with its easy-to-use telescopes and binoculars since 1972, may be tipping their hand by Monday on whether to recommend selling the company, plow ahead alone or possibly seek bankruptcy protection. The Irvine company, fighting a sharp drop in sales, is weighing two buyout offers, one from a Chinese company and another from a San Jose venture capital firm. Meade said that if the deals are rejected, the company may opt to file a bankruptcy petition.
April 23, 1999
Meade Instruments Corp.: The Irvine designer and manufacturer of telescopes and accessories reported that net income for the fourth fiscal quarter rose to $459,000, or 6 cents a share, from $192,000, or 3 cents a share, for the comparable period a year ago. Sales for the quarter ended Feb. 28 increased 37% to $14.8 million from $10.8 million. Net income for the year reached a record $5.6 million, or 80 cents a share, 65% higher than the $3.4 million, or 52 cents a share, for the prior year.
September 20, 1998
Meade Instruments Corp., Irvine-based telescope and binocular manufacturer, reported record net income for the second fiscal quarter on a 25% gain in sales. The company earned $690,000, or 10 cents a share, up 9% from $633,000, or 9 cents a share, for the year-earlier period. Sales for the quarter ended Aug. 31 rose to $15.4 million from $12.3 million. Net income for the six months rose 96% to $1.
May 6, 2000 |
Meade Instruments Corp., a telescope and binocular maker that has seen its stock surge nearly sixfold in the past year, will split its shares 2-for-1. The split will occur about June 19 for shareholders of record May 22. The Irvine company will have about 16.4 million shares outstanding after the split, its first since it went public in 1997. Meade shares on Friday rose $3.50, or 5.1%, to $72.50 in Nasdaq trading.
December 17, 1997 |
A healthy economy and strong Christmas season sales are keeping Meade Instruments Corp. on track to meet or slightly exceed Wall Street's earnings expectations for its fiscal third quarter, Chairman and Chief Executive John Diebel said Tuesday. The Irvine-based telescope manufacturer expects to report earnings of about $2.5 million, or 36 to 37 cents a share, for the three months ended Nov. 30, which would be in line with analysts' estimates of 36 cents.