August 16, 1987
MSI Data Corp. said it expects to raise $13.7 million for possible acquisitions from its sale of 750,000 shares of common stock, offered last Thursday at $18.375 per share. The shares were offered at the closing market price for the company on Wednesday. MSI, which manufactures and markets hand-held electronic devices used for inventory counts, has 3.25 million shares outstanding.
August 14, 1986
MSI Data Corp. is continuing its dramatic turnaround into its new fiscal year. The Costa Mesa maker of portable data terminals (PDT's), which are used to take inventories in supermarkets and retail stores, said that its net income for the first quarter ended June 28 was $191,000, up from a loss of $377,000 in the similar period last year. Revenues for the period came to $15.4 million, up 12.4% from $13.7 million last year.
September 30, 1988 |
MSI Data Corp. of Costa Mesa, trying to fend off a hostile suitor, agreed Thursday to be acquired by one of its largest suppliers in a deal valued at $142 million. The buyer, Symbol Technologies of Long Island, N.Y., is the dominant supplier of bar-code scanning equipment, which is used, among other things, to track inventory on supermarket shelves and scan prices of clothing in department stores. Symbol's offer for MSI, which makes hand-held computer terminals, is worth $23 a share.
August 20, 1985 |
Last summer, when he took over the presidency of faltering MSI Data Corp., Charles Strauch said the company should expect results from him within a year. The year was up a few days ago, and MSI's most recent fiscal-year financial statement showed a $1.5-million loss. Not surprisingly, Strauch fully expected to be reminded of his bold statement when he met Monday with shareholders of the inventory-counting-device maker at the company's annual meeting.
May 29, 1987 |
MSI Data Corp., a Costa Mesa manufacturer of portable data collection systems, reported fiscal 1987 net earnings of $1.3 million, a nearly eightfold increase from the $172,000 reported for the prior fiscal year. Revenues for the 12 months ended March 28 were $70.7 million, up 13% from $62.5 million a year earlier. For the fourth quarter, MSI reported net earnings of $659,000, more than double the $288,000 reported a year earlier.
February 1, 1987
Citing strong acceptance of its new products, MSI Data Corp., the Costa Mesa maker of portable electronic inventory counting devices, said its fiscal 1987 third-quarter earnings of $280,000 were up 34% from the $209,000 posted the prior year. For the period ended Dec. 27, the company had revenues of $18.1 million, up 17.5% from the $15.4 million recorded the year before. Charles S.