Pacer Technology Company

Imagine that you rescue a company from the brink of bankruptcy, pump up sales eightfold in a decade and create a market for your products in more than 70 countries. Now imagine all this goes virtually unnoticed, but your company gets publicized across the country for its attempt to develop a way to seal the backsides of dead turkeys. That's the unlucky fate of James Munn, chief executive of glue maker Pacer Technology in Rancho Cucamonga.

Pacer Technology, the Rancho Cucamonga-based maker of Super Glue and other industrial-strength adhesives, said Monday that one of the company's biggest shareholders has offered to buy out the manufacturer for $6 a share in cash, or about $12 million. Cyan Investments, a limited liability company created by Ellis T. Gravette and a partner, already owns 25.7% of Pacer's common stock outstanding, according to a Securities and Exchange Commission filing.

Cisco Systems Inc. said Wednesday that fiscal first-quarter earnings rose 34% as the top computer networking company kept its lead in the corporate market and sold more Internet equipment to phone companies. Profit before special items rose to $559 million from $415.7 million in the year-earlier period. Earnings per share were up 31% at 34 cents from 26 cents. Cisco was expected to earn 33 cents in the quarter ended Oct. 24, the average estimate of analysts surveyed by First Call.

* Pacer Technology, the Rancho Cucamonga-based maker of Super Glue and other adhesives, reported fiscal fourth-quarter operating income for the period ended June 30 of $786,000, or 5 cents per share, compared with $535,000, or 2 cents, a year ago. Revenue rose 13% to $11.9 million from $10.6 million.

* Pacer Technology, the Rancho Cucamonga-based maker of Super Glue and other adhesives, reported fiscal fourth-quarter operating income for the period ended June 30 of $786,000, or 5 cents per share, compared with $535,000, or 2 cents, a year ago. Revenue rose 13% to $11.9 million from $10.6 million.

Pacer Technology, the Rancho Cucamonga-based maker of Super Glue and other industrial-strength adhesives, said Monday that one of the company's biggest shareholders has offered to buy out the manufacturer for $6 a share in cash, or about $12 million. Cyan Investments, a limited liability company created by Ellis T. Gravette and a partner, already owns 25.7% of Pacer's common stock outstanding, according to a Securities and Exchange Commission filing.

Cisco Systems Inc. said Wednesday that fiscal first-quarter earnings rose 34% as the top computer networking company kept its lead in the corporate market and sold more Internet equipment to phone companies. Profit before special items rose to $559 million from $415.7 million in the year-earlier period. Earnings per share were up 31% at 34 cents from 26 cents. Cisco was expected to earn 33 cents in the quarter ended Oct. 24, the average estimate of analysts surveyed by First Call.

Imagine that you rescue a company from the brink of bankruptcy, pump up sales eightfold in a decade and create a market for your products in more than 70 countries. Now imagine all this goes virtually unnoticed, but your company gets publicized across the country for its attempt to develop a way to seal the backsides of dead turkeys. That's the unlucky fate of James Munn, chief executive of glue maker Pacer Technology in Rancho Cucamonga.