March 10, 2000
NetGuru Inc., a Yorba Linda developer and distributor of information technology services and software, said Thursday that it has sold $12 million in preferred stock and warrants to two private investors. The company said it placed the securities, which can be converted into shares of common stock, with Elliott Associates LP in New York and another investor, whose name is undisclosed but is under common management with Elliott Associates.
March 30, 2001 |
NetGuru Inc., a Yorba Linda Internet technology and services company, said Thursday it is dismantling its technical support operation in Boston and consolidating those operations in its Orange County headquarters. About five jobs in Boston and Orange County will be lost in the restructuring. NetGuru has about 250 employees nationwide and about 600 workers around the world. The company also said it has terminated its chief financial officer, Wayne Blair, because of "performance-related issues."
December 17, 1999 |
Research Engineers Inc., which earlier acquired 70% of Netguru Systems Inc. in Waltham, Mass., said Thursday it has purchased the rest of the company. Research, a Yorba Linda provider of engineering software services, said it paid $4.5 million in cash, stock and a promissory note for the entire company. Netguru provides information technology services for the financial services, insurance and technology industries.
March 29, 2000
Charles Kimmel has joined NowDocs.com Inc. in Aliso Viejo as chief financial officer. Kimmel was most recently chief operating officer and chief financial officer at Tivoli Industries Inc. He was also chief financial officer of AgeLogic Inc. and True Data Corp., and held executive financial posts at Genisco Technology Corp., Allegretti and Co. and U.S. Industries Inc. * Paul Freeman has been appointed director of corporate strategic development for Pacific Blue Micro in Newport Beach.
April 2, 2000
Jim Huston is the new vice president of sales for RealityBUY.com and president of the automotive division, and Norm Cadsawan has joined the Irvine firm as vice president of marketing. Huston previously was an account executive at both J. Walter Thompson and D'Arcy, Masius, Benton and Bowles. After that, Huston founded the Zoom Group, a marketing communications consultant firm. In February, RealityBUY.com acquired the assets of the Zoom Group's interactive media division.
October 13, 2000 |
Orange County stocks moved sharply lower Thursday, caught up in the overall stock market slide. Of the 125 stocks in the Bloomberg Orange County Index, only 29 were up on the day, while 77 declined and 19 finished unchanged. The index, heavily weighted with technology stocks, fell 7.49 points to 338.84, down 2.2% for the day. The index is now 26% below its March 10 peak of 460.79, which was achieved before a huge sell-off sent the technology sector tumbling.