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Rainbow Technologies Inc

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BUSINESS
September 20, 1993 | DEAN TAKAHASHI, TIMES STAFF WRITER
Say goodby to the floppy disk? Walter Straub, chief executive of Rainbow Technologies Inc. in Irvine is prepared for the day when software is distributed electronically. Rainbow Technologies' newest product allows a software publisher to store multiple programs on a single compact disk, which can hold the equivalent of hundreds of floppies. The product uses a special code to lock or unlock access to programs on the CD to prevent unauthorized use or copying.
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BUSINESS
July 26, 2001 | KAREN ALEXANDER, TIMES STAFF WRITER
Internet security firm Rainbow Technologies Inc., facing lower orders from key customers, cut 65 jobs at its Irvine headquarters last week, about 20% of its North American work force, a spokesman said Wednesday. The company disclosed the layoffs as it posted a second-quarter loss on lower revenue. Rainbow also said it expects to take restructuring charges of $18 million to $20 million in the third quarter. The announcement came after the close of regular U.S. trading hours.
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BUSINESS
January 21, 1997
Rainbow Technologies Inc.'s Mykotronx unit received a contract worth more than $2.5 million to upgrade U.S. Army satellite communications equipment. The contract includes options worth an additional $2 million.
BUSINESS
June 15, 2001 | Reuters
Rainbow Technologies Inc., an Irvine Internet security provider, said Thursday that it expects to lose money in the second quarter instead of breaking even, as business slowed in its U.S. and European markets. The company said it now expects to lose 6 cents to 9 cents a share, with revenues down 5% from year-earlier levels. Analysts had been expecting Rainbow to break even, according to a survey by First Call/Thomson Financial.
BUSINESS
February 19, 1992 | Dean Takahashi / Times staff writer
Rainbow Stretches to France: Rainbow Technologies Inc., an Irvine maker of computer security devices, has agreed to acquire a French software company for $14.5 million plus 286,000 restricted shares of Rainbow stock. Rainbow will acquire all the shares outstanding of Microphar S.A., a Paris company with 1991 sales of $8 million.
BUSINESS
June 15, 2001 | Reuters
Rainbow Technologies Inc., an Irvine Internet security provider, said Thursday that it expects to lose money in the second quarter instead of breaking even, as business slowed in its U.S. and European markets. The company said it now expects to lose 6 cents to 9 cents a share, with revenues down 5% from year-earlier levels. Analysts had been expecting Rainbow to break even, according to a survey by First Call/Thomson Financial.
BUSINESS
May 3, 2001
The Irvine provider of Internet security products said it incurred a net loss of $2.6 million, or 9 cents a share, for the first quarter, which included one-time charges of $1 million related to an acquisition. The company earned $3.1 million, or 12 cents a share, a year earlier. Revenue advanced 10% to $40.2 million.
BUSINESS
February 10, 2001 | Reuters
Internet security firm Rainbow Technologies Inc. said it expects to report fourth-quarter earnings below forecasts due to a slowdown in its North American business in the last month of the quarter. The Irvine-based company said it expects to report earnings of 10 cents to 14 cents a share, compared with a current analysts' consensus of 18 cents a share. It expects to release its results Feb. 28.
BUSINESS
February 10, 2001 | KAREN ALEXANDER, TIMES STAFF WRITER
Computer security products maker Rainbow Technologies Inc. said Friday that a sudden slowdown in North American orders will cause it to report lower-than-expected quarterly earnings of 10 cents to 14 cents a share. The Irvine producer of information protection and software products said it would miss the target of 18 cents a share that analysts had expected for the fourth quarter. It expects to report financial results Feb. 28.
BUSINESS
December 6, 2000 | KAREN ALEXANDER, TIMES STAFF WRITER
Rainbow Technologies Inc., a leading maker of computer security products, said Tuesday that it would reorganize the company into four business units as part of an aggressive growth plan that will add up to 100 employees to its work force. The Irvine computer security and encryption company and industry analysts said the reorganization, effective in January, would help Rainbow focus attention on its most promising product lines. The company's stock shot up 18% on Tuesday, gaining $2.
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