September 5, 1992
Platinum Software Corp. said it has filed with the Securities and Exchange Commission for an initial public offering of 1.8 million shares of common stock. The company said it expects the shares to be priced at $9.50 to $11.50 each. Hambrecht & Quist and Montgomery Securities will manage the offering. Platinum Software, based in Irvine, is the parent company of Advanced Business Microsystems Inc.
November 14, 1997 |
Platinum Software Corp. plans to complete its acquisition today of privately held FocusSoft Inc. of Louisville, Ky., for about $27 million in stock, part of Platinum's strategy of expanding through acquisitions. FocusSoft makes distribution and management software for electronics and cable manufacturers, among others. The firm has about 40 employees. In July, Platinum, which makes accounting software, acquired Clientele Software Inc. for about $11 million in stock.
February 27, 1999 |
Irvine-based Platinum Software Corp.'s stock slumped 15% on Friday amid heavy trading, as two financial analysts unexpectedly downgraded the shares. The maker of company management software saw its shares fall $1.31 to $7.25, after analyst Alex Kotlar at Donaldson, Lufkin & Jenrette downgraded Platinum from "buy" to "market perform" and Robert D. Kugel, an analyst with First Albany Corp., lowered his rating to "buy" from "accumulate." About 1.
July 30, 1998
Platinum Software Corp.: The Irvine accounting software company reported profit of $5.7 million, or 19 cents a share, for the fourth fiscal quarter, contrasted with a net loss of $2.9 million, or 12 cents a share, a year ago. Revenue for the quarter ended June 30 rose 79% to $32.2 million from $18 million. The company posted profit of $13.3 million, or 45 cents a share, for the year, contrasted with a net loss of $4.4 million, or 20 cents a share, for the prior year.
December 13, 1996
BKP Capital Management Inc. and its affiliates raised their stake in Irvine-based Platinum Software Corp. to 8.1% from 7.1% of the financial software developer's common stock. The investment group purchased 208,500 shares at $10.98 to $12.75 a share between Oct. 28 and Dec. 6, according to a report filed this week with the Securities and Exchange Commission. BKP investors now hold 1.49 million shares in Platinum Software, which has been trading around $12.50 per share on the Nasdaq market.
May 4, 1993
Platinum Software Corp.'s executive officers are not planning to sell any of the 1.7 million Platinum shares that the group holds, the company said Monday. Platinum made the relatively unusual announcement in response to "rumors" about a possible stock sale by executives, company spokesman Robert Crutchfield said Monday. Stock sales by executives at Platinum, which recently completed a secondary public stock offering, had been prohibited by the Federal Securities and Exchange Commission.