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BUSINESS
January 4, 2001
Shares of Raining Data Corp., an Irvine maker of Web-enabled software, recovered a bit Wednesday from a 29% drop in price after the company announced a shake-up of its top management Tuesday. The stock gained $1.13 to close at $11.13 a share. On Tuesday, it lost $4 a share after the company installed an interim chief executive and a new president to replace Gilbert Figueroa, who engineered the formation of the company last month through the merger of PickAx Inc. and Omnis Technology Corp.
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NEWS
February 26, 2002 | Dow Jones
Software company Raining Data Corp., which announced earlier this month that it was delaying its quarterly report and revising its financial results downward, is facing delisting from Nasdaq. The Irvine company said it will seek a hearing to stave off possible delisting March 4. In mid-February, Raining Data said it would revise financial results for six quarters to reflect accounting errors related to the company's acquisition of a company and certain software in 2000.
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BUSINESS
February 16, 2001
The Irvine company, formerly known as Omnis Technology Corp., reported a third-quarter net loss of $3 million, or 27 cents a share, compared with profit of $431,000, or 4 cents a share, a year ago. The company attributed the loss to merger expenses. Raining Data was created as a result of the December merger of Omnis Technology Corp. and Pick Systems. Revenue for the quarter ended Dec. 31 was up 22% to $2.8 million.
BUSINESS
February 16, 2001
The Irvine company, formerly known as Omnis Technology Corp., reported a third-quarter net loss of $3 million, or 27 cents a share, compared with profit of $431,000, or 4 cents a share, a year ago. The company attributed the loss to merger expenses. Raining Data was created as a result of the December merger of Omnis Technology Corp. and Pick Systems. Revenue for the quarter ended Dec. 31 was up 22% to $2.8 million.
NEWS
February 26, 2002 | Dow Jones
Software company Raining Data Corp., which announced earlier this month that it was delaying its quarterly report and revising its financial results downward, is facing delisting from Nasdaq. The Irvine company said it will seek a hearing to stave off possible delisting March 4. In mid-February, Raining Data said it would revise financial results for six quarters to reflect accounting errors related to the company's acquisition of a company and certain software in 2000.
BUSINESS
December 5, 2000
Raining Data Corp., formerly known as Omnis Technology Corp., said Monday that it has completed its acquisition of PickAx Inc., the Irvine parent company of database management systems developer Pick Systems. Terms of the deal were not disclosed, but the San Carlos company previously said it would issue 2.7 million shares, worth a total of nearly $12.2 million based on Monday's closing stock price of $4.50 a share. Raining Data also is assuming $17.3 million of PickAx's debt.
BUSINESS
August 30, 2001 | A Times Staff Writer
Raining Data Corp., an Irvine maker of Web-enabled software, said Wednesday that directors have named veteran technology executive Carlton H. Baab as president and chief executive and elected Geoffrey P. Wagner as chairman. Baab, a managing principal at Astoria Capital Management, replaces the company's former chairman, Bryce Burns, who had been interim chief executive since January when Gilbert Figueroa quit. Burns will remain on the board.
BUSINESS
June 30, 2001
Raining Data Corp., Irvine maker of Web-enabled software, narrowed its fourth-quarter loss to $2.5 million, or 16 cents a share, from $3.5 million, or 36 cents a share, a year earlier, as revenue more than quadrupled to $6 million. * Irvine copier manufacturer Toshiba America Business Solutions said it has acquired a Massachusetts office equipment dealer, Offtech. Financial terms were not disclosed.
BUSINESS
February 9, 2001
Tracy K. Price, co-founder of FieldCentrix, has been named president and chief executive of the company. He succeeds David Key, also a co-founder. Price was formerly president and chief executive of Mesa Energy Systems. * David Lohrey is the new president and chief executive of TMEX Inc. in Newport Beach. He succeeds Crofton Cooper, who will continue as chairman of the board. Lohrey was previously chief executive and founder of Teleredeinc.
BUSINESS
March 22, 2002
* Comarco Inc., an Irvine provider of products and services to the wireless communications industry, posted fourth-quarter net income of $1.3 million, or 17 cents a share, up 8% from $1.2 million, or 15 cents a share, for the year-earlier period. Revenue declined 12% to $12.6 million. * Raining Data Corp., an Irvine maker of software infrastructure products, reported that its third-quarter net loss widened to $4.6million, or 29 cents a share, from $3.8 million, or 35 cents a share, a year ago.
BUSINESS
January 4, 2001
Shares of Raining Data Corp., an Irvine maker of Web-enabled software, recovered a bit Wednesday from a 29% drop in price after the company announced a shake-up of its top management Tuesday. The stock gained $1.13 to close at $11.13 a share. On Tuesday, it lost $4 a share after the company installed an interim chief executive and a new president to replace Gilbert Figueroa, who engineered the formation of the company last month through the merger of PickAx Inc. and Omnis Technology Corp.
BUSINESS
December 5, 2000
Raining Data Corp., formerly known as Omnis Technology Corp., said Monday that it has completed its acquisition of PickAx Inc., the Irvine parent company of database management systems developer Pick Systems. Terms of the deal were not disclosed, but the San Carlos company previously said it would issue 2.7 million shares, worth a total of nearly $12.2 million based on Monday's closing stock price of $4.50 a share. Raining Data also is assuming $17.3 million of PickAx's debt.
BUSINESS
January 28, 2001
Paul Fisher is the new vice president and general manager of the Southern region for Time Warner Communications's Los Angeles division, based in Garden Grove. Fisher was previously vice president and general manager for Road Runner High Speed Online Service and Residential Shared Services in the division. He has also been a vice president and general manager with Harte-Hanks Communications and Paragon Cable. * John F.
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