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Osicom Technologies Inc

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BUSINESS
September 6, 1996 | Times Staff and Wire Reports
Osicom to Buy Cray Unit: Santa Monica-based Osicom Technologies Inc. said it is acquiring Cray Communications Inc., the U.S. division of Cray Electronics Holdings, for $17 million in cash and preferred stock. Under the deal, Osicom, which makes telecommunications network equipment, would also get access to Cray Electronics products at favorable terms for at least the next three years. Cray Electronics is a software systems and telecommunications group based in Britain. Its U.S.
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BUSINESS
April 12, 2000 | KAREN KAPLAN, TIMES STAFF WRITER
Sync Research Inc., a struggling maker of computer networking gear in Irvine, has agreed to merge with a subsidiary of Santa Monica optical networking firm Osicom Technologies, the companies said Tuesday. Osicom and Sync shareholders will each own 50% of the combined company, to be called Entrada Networks. A spokesman for Sync said the new operation will be based in Irvine, and that no layoffs are planned. There was no word on when the deal will close.
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BUSINESS
April 12, 2000 | KAREN KAPLAN, TIMES STAFF WRITER
Santa Monica optical networking firm Osicom Technologies said Tuesday it would merge its Network Access subsidiary with Sync Research, an Irvine maker of computer networking gear. Osicom and Sync shareholders will each own 50% of the combined company, to be called Entrada Networks. A spokesman for Sync said the new operation will be based in Irvine. There was no word on when the deal will close. No layoffs are planned.
BUSINESS
April 8, 1997 | (Bloomberg News)
Osicom Technologies Inc. said it agreed to supply remote-access units for MCI Communications Corp.'s network services contract with the U.S. Postal Service. Financial terms weren't disclosed. MCI last month said it won a five-year contract from the Postal Service to build a telecommunications network. The contract has a minimum value of $100 million and could pay as much as $3 billion, Washington-based MCI said.
BUSINESS
March 17, 1997 | MIGUEL HELFT
Although it was founded in 1981, Osicom Technologies Inc. is essentially a new company. Originally a supplier of disk drive components, the Santa Monica firm entered the red-hot data-networking business in 1993 with the acquisition of Meret Optical Communications Inc. Since then, Osicom has acquired six more companies--four of them in 1996--and positioned itself as a provider of a broad range of products used to route information over the Internet and other computer networks.
BUSINESS
April 12, 2000 | KAREN KAPLAN, TIMES STAFF WRITER
Sync Research Inc., a struggling maker of computer networking gear in Irvine, has agreed to merge with a subsidiary of Santa Monica optical networking firm Osicom Technologies, the companies said Tuesday. Osicom and Sync shareholders will each own 50% of the combined company, to be called Entrada Networks. A spokesman for Sync said the new operation will be based in Irvine, and that no layoffs are planned. There was no word on when the deal will close.
BUSINESS
April 12, 2000 | KAREN KAPLAN, TIMES STAFF WRITER
Santa Monica optical networking firm Osicom Technologies said Tuesday it would merge its Network Access subsidiary with Sync Research, an Irvine maker of computer networking gear. Osicom and Sync shareholders will each own 50% of the combined company, to be called Entrada Networks. A spokesman for Sync said the new operation will be based in Irvine. There was no word on when the deal will close. No layoffs are planned.
BUSINESS
July 24, 1998 | WALTER HAMILTON, TIMES STAFF WRITER
At first glance, the one-paragraph press release from Osicom Technologies looks good for shareholders. The release, issued Wednesday, says that Par Chadha, Osicom's chief executive, bought almost 350,000 shares of the company's depressed stock. But the release doesn't reveal that Chadha acquired the shares from an institutional investor that had approached Osicom about selling its stock back to the company.
BUSINESS
July 24, 1998 | WALTER HAMILTON, TIMES STAFF WRITER
At first glance, the one-paragraph press release from Osicom Technologies looks good for shareholders. The release, issued Wednesday, says that Par Chadha, Osicom's chief executive, bought almost 350,000 shares of the company's depressed stock. But the release doesn't reveal that Chadha acquired the shares from an institutional investor that had approached Osicom about selling its stock back to the company.
BUSINESS
July 24, 1998 | WALTER HAMILTON, TIMES STAFF WRITER
At first glance, the one-paragraph press release from Osicom Technologies looks good for shareholders. The release, issued Wednesday, says that Par Chadha, Osicom's chief executive, bought almost 350,000 shares of the company's depressed stock. But the release doesn't reveal that Chadha acquired the shares from an institutional investor that had approached Osicom about selling its stock back to the company.
BUSINESS
July 24, 1998 | WALTER HAMILTON, TIMES STAFF WRITER
At first glance, the one-paragraph press release from Osicom Technologies looks good for shareholders. The release, issued Wednesday, says that Par Chadha, Osicom's chief executive, bought almost 350,000 shares of the company's depressed stock. But the release doesn't reveal that Chadha acquired the shares from an institutional investor that had approached Osicom about selling its stock back to the company.
BUSINESS
April 8, 1997 | (Bloomberg News)
Osicom Technologies Inc. said it agreed to supply remote-access units for MCI Communications Corp.'s network services contract with the U.S. Postal Service. Financial terms weren't disclosed. MCI last month said it won a five-year contract from the Postal Service to build a telecommunications network. The contract has a minimum value of $100 million and could pay as much as $3 billion, Washington-based MCI said.
BUSINESS
March 17, 1997 | MIGUEL HELFT
Although it was founded in 1981, Osicom Technologies Inc. is essentially a new company. Originally a supplier of disk drive components, the Santa Monica firm entered the red-hot data-networking business in 1993 with the acquisition of Meret Optical Communications Inc. Since then, Osicom has acquired six more companies--four of them in 1996--and positioned itself as a provider of a broad range of products used to route information over the Internet and other computer networks.
BUSINESS
September 6, 1996 | Times Staff and Wire Reports
Osicom to Buy Cray Unit: Santa Monica-based Osicom Technologies Inc. said it is acquiring Cray Communications Inc., the U.S. division of Cray Electronics Holdings, for $17 million in cash and preferred stock. Under the deal, Osicom, which makes telecommunications network equipment, would also get access to Cray Electronics products at favorable terms for at least the next three years. Cray Electronics is a software systems and telecommunications group based in Britain. Its U.S.
BUSINESS
September 2, 2000
The merger of Sync Research Inc., an Irvine maker of computer networking gear, with a Santa Monica company's subsidiary was completed Friday, and stock in the new company gained $2.75 to close at $7.13 a share in Nasdaq trading. The combined company, called Entrada Networks Inc., is based in San Diego and is majority owned by Osicom Technologies Inc. in Santa Monica. The new company, which trades under the ESAN ticker symbol, develops technologies for the storage area networking market.
BUSINESS
October 17, 1997
Camarillo-based AML Communications Inc. reported fiscal second-quarter net income of $124,000, or 2 cents per share, compared with $718,000, or 11 cents, in the year-ago quarter. . . . Encino-based Pinkerton's Inc. reported third-quarter net income of $3.4 million, or 26 cents a share after a 3-for-2 stock split, compared with $3.0 million, or 24 cents, a year ago. . . . Santa Monica-based Kennedy-Wilson Inc. reported third-quarter net income of $467,000, or 42 cents per share, compared with $1.
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