August 22, 1998 |
Peerless Systems Corp. shares tumbled 65% Friday after the El Segundo-based maker of software for copiers and fax machines warned it expects weaker demand for its products and lower profits in coming quarters. Peerless fell $13.38 to close at $7.25 on Nasdaq, with a trading volume of more than 100 times its three-month daily average. The stock traded as low as $6, its lowest since Peerless went public in September 1996 at $11.
May 6, 1997
Companies with sales between $10 million and $50 million are ranked by percentage increase in 1996 sales. The Sales Growth 100 list on Page 31 measures companies with sales above $50 million. *--* Rank Company 1996 sales 1996 (millions) % change 1 SmarTalk TeleServices $15 3209% 2 NetVantage Inc. 27 1,923 3 BroadVision Inc. 11 1,915 4 Triathlon Broadcasting Co. 19 1,611 5 Sequus Pharmaceuticals 33 1,533 6 Infoseek Corp. 15 1,363 7 Gilead Sciences Inc. 33 821 8 Yahoo! Inc.
October 4, 1999 |
Edward Gavaldon, who turned a money-losing Peerless Systems into a successful printer technology company, won the Software Council of Southern California's CEO of the Year award for 1999. Less than a year after joining Peerless in January 1995, Gavaldon led the El Segundo firm to its first profitable quarter in five years by licensing its core imaging technology to printer manufacturers. He raised $30 million in an initial public offering in 1996, and last year the company made a $4.
May 23, 1997
ITT Corp. may sell all or part of its World Directories telephone-book publishing business to either GTE Corp. or BellSouth Corp. as part of its plan to thwart a takeover by Beverly Hills-based Hilton Hotels Corp., said sources familiar with the company's negotiations. . . . Pomona-based Hot Topic Inc. said its net loss for the first quarter was reduced to $110,000, or 2 cents a share, compared with $168,000, or 5 cents, in the year-ago quarter. . . . El Segundo-based Peerless Systems Corp.
November 15, 1999 |
Bill Manassero, executive director of the Southern California Software Council and a key player in helping to develop the Orange County and Los Angeles technology scenes, will announce today that he is stepping down. Manassero, 44, joined the council six years ago. Since then, he has helped transform the tiny effort into a powerful networking group driven by hundreds of volunteers.
May 14, 2000
Edward Holman has joined El Pollo Loco in Irvine as controller. He was previously director of corporate financial services at Advantica Restaurant Group Inc., which includes the Denny's, Coco's and Carrows chains. Advantica also owned El Pollo Loco before selling it in December to American Securities Capital Partners LP. Holman has also held management positions at Coca-Cola Bottling Co. Consolidated. * Louanne Punsalang has been named controller of D&L Sheet Metal in Fullerton.