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Msi Data Corp

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BUSINESS
November 1, 1987
MSI Data Corp. reported a fivefold increase in earnings for its fiscal 1988 second quarter, to $1.2 million from the year-earlier $209,000. Revenues for the Costa Mesa-based maker of portable data collection terminals rose 36%, to $22 million from $16.2 million. Charles S. Strauch, president and chief executive, said the company's results reflect improved profit margins on its products, better manufacturing efficiencies and cost-cutting programs begun several months ago.
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NEWS
May 19, 1989 | MARIA L. La GANGA, Times Staff Writer
It's taken a few years, but C. Shannon Jenkins has learned that a little innovation can be a dangerous thing. Consider the first software package manufactured and marketed through TouchStone Software Corp., the Seal Beach company she founded with four colleagues and now runs nearly single-handedly. It was called Mimix, and it was, to put it politely, a real problem. The second product was less of a problem, though not that much less. But with the third, Jenkins thinks TouchStone finally has a chance for a best seller.
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BUSINESS
August 2, 1987
MSI Data Corp., a Costa Mesa manufacturer of hand-held electronic inventory devices, reported fiscal 1988 first-quarter profits of $805,000, more than four times the $191,000 earned during the same period a year ago. Sales increased 33% to $20.5 million during the three months ended June 27 from $15.4 million a year earlier. MSI attributed its higher profits to increased product shipments and corporate cost cutting. It was the company's fifth consecutive quarterly increase in earnings.
BUSINESS
March 22, 1989 | KENNETH T. YAMADA, Times Staff Writer
The president of an Orange County technology company that lost its independence in a hostile takeover battle warned other executives Tuesday to be on guard against acquisition attorneys, investment bankers and other corporate predators. Charles S. Strauch, chief executive at MSI Data Corp. of Costa Mesa, said that 15% to 20% of all technology firms in the United States are susceptible to hostile takeovers.
BUSINESS
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.
BUSINESS
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.
BUSINESS
September 30, 1988 | DAVID OLMOS, Times Staff Writer
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.
BUSINESS
August 20, 1985 | CARLA LAZZARESCHI, Times Staff Writer
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.
BUSINESS
May 29, 1987 | MARIA L. La GANGA
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.
BUSINESS
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.
BUSINESS
October 18, 1988 | JOHN O'DELL, Times Staff Writer
A hostile takeover battle involving the two biggest players in the hand-held data entry market ended early Monday as Telxon Corp. dropped its $123-million bid for MSI Data Corp. Each company also agreed to drop costly expensive legal actions they had filed against each other in a settlement that will cost Telxon $5 million in cash. The complex agreement clears the way for Symbol Technologies Inc. of Bohemia, N.Y.
BUSINESS
September 30, 1988 | DAVID OLMOS, Times Staff Writer
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.
BUSINESS
November 1, 1987
MSI Data Corp. reported a fivefold increase in earnings for its fiscal 1988 second quarter, to $1.2 million from the year-earlier $209,000. Revenues for the Costa Mesa-based maker of portable data collection terminals rose 36%, to $22 million from $16.2 million. Charles S. Strauch, president and chief executive, said the company's results reflect improved profit margins on its products, better manufacturing efficiencies and cost-cutting programs begun several months ago.
BUSINESS
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.
BUSINESS
August 2, 1987
MSI Data Corp., a Costa Mesa manufacturer of hand-held electronic inventory devices, reported fiscal 1988 first-quarter profits of $805,000, more than four times the $191,000 earned during the same period a year ago. Sales increased 33% to $20.5 million during the three months ended June 27 from $15.4 million a year earlier. MSI attributed its higher profits to increased product shipments and corporate cost cutting. It was the company's fifth consecutive quarterly increase in earnings.
BUSINESS
May 29, 1987 | MARIA L. La GANGA
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.
BUSINESS
October 18, 1988 | JOHN O'DELL, Times Staff Writer
A hostile takeover battle involving the two biggest players in the hand-held data entry market ended early Monday as Telxon Corp. dropped its $123-million bid for MSI Data Corp. Each company also agreed to drop costly expensive legal actions they had filed against each other in a settlement that will cost Telxon $5 million in cash. The complex agreement clears the way for Symbol Technologies Inc. of Bohemia, N.Y.
BUSINESS
March 22, 1989 | KENNETH T. YAMADA, Times Staff Writer
The president of an Orange County technology company that lost its independence in a hostile takeover battle warned other executives Tuesday to be on guard against acquisition attorneys, investment bankers and other corporate predators. Charles S. Strauch, chief executive at MSI Data Corp. of Costa Mesa, said that 15% to 20% of all technology firms in the United States are susceptible to hostile takeovers.
BUSINESS
April 7, 1987
Citing strong acceptance of its new products, MSI Data Corp. of Costa Mesa reported unaudited fiscal 1987 sales of $70.2 million, up 12% from the $62.5 million recorded in fiscal 1986. For its fourth quarter ended March 28, sales were a record $20.5 million, 24% higher than the $16.5 million recorded a year ago. In an unusual move, the company did not release earnings for the quarter or the year, saying it would not divulge the figures until the audited results are available in late May.
BUSINESS
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.
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