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Raychem Corp

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BUSINESS
April 5, 1990 | From Reuters
In response to a softening U.S. defense industry, Raychem Corp. said Wednesday that it would restructure, cut its work force by about 8%--about 900 jobs--and report a loss for its fiscal year ending June 30. The Menlo Park-based material-sciences company said it will report a restructuring charge of $75 million to $90 million for the fiscal third quarter that ended March 31, resulting in a loss for the entire fiscal year.
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BUSINESS
August 26, 1999 | From Associated Press
Raychem Corp., a manufacturer of electronic components, and merger partner AMP Inc. have begun laying off about 2,200 workers in the wake of their purchase by Tyco International Ltd. The purchase of Raychem by Bermuda-based Tyco was completed about two weeks ago for an estimated $2 billion. In April, Tyco purchased AMP Inc., of Harrisburg, Pa., for $11.3 billion. Managers at AMP and Tyco decided on the layoffs, according to Maryanne Kane, a spokeswoman for AMP-Raychem.
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BUSINESS
May 20, 1999 | From Times Wire Services
Tyco International Ltd., a top manufacturer of fire alarms, undersea fiber optic cables and other items, said Wednesday that it will buy electronic components maker Raychem Corp. in a cash and stock deal valued at $2.87 billion. The deal would solidify Tyco's position as the world's No. 1 supplier of electrical and electronic connectors, a position it took recently with the $12.22-billion acquisition of AMP Inc.
BUSINESS
August 26, 1999 | From Associated Press
Raychem Corp., a manufacturer of electronic components, and merger partner AMP Inc. have begun laying off about 2,200 workers in the wake of their purchase by Tyco International Ltd. The purchase of Raychem by Bermuda-based Tyco was completed about two weeks ago for an estimated $2 billion. In April, Tyco purchased AMP Inc., of Harrisburg, Pa., for $11.3 billion. Managers at AMP and Tyco decided on the layoffs, according to Maryanne Kane, a spokeswoman for AMP-Raychem.
BUSINESS
May 20, 1999 | From Times Wire Services
Tyco International Ltd., a top manufacturer of fire alarms, undersea fiber optic cables and other items, said Wednesday that it will buy electronic components maker Raychem Corp. in a cash and stock deal valued at $2.87 billion. The deal would solidify Tyco's position as the world's No. 1 supplier of electrical and electronic connectors, a position it took recently with the $12.22-billion acquisition of AMP Inc.
BUSINESS
May 14, 1988
Genentech Inc., a biotechnology firm with headquarters in South San Francisco, has named Frederick M. Hoar vice president-corporate communications and Stephen Raines vice president-patents. Hoar previously held a similar position at Raychem Corp. Raines previously was counsel-intellectual property at Warner-Lambert Co.
BUSINESS
July 14, 1988 | Associated Press
Raychem Corp. has introduced a fiber optic cable system it says can carry telephone and television signals from a local phone company office to a customer's home. The company said the first trials of the new system are scheduled to start next year with customers of NYNEX, the regional telephone company in New York and New England.
BUSINESS
January 3, 1989
Courtaulds, a British chemical, textile and industrial products company, has agreed to buy Andus Corp. in Canoga Park from its parent company, Raychem Corp. of Palo Alto. Courtaulds will pay $15 million. As much as $10 million more may be paid to Raychem should Andus' revenue growth meet certain targets. Andus, which has annual revenue of $4.4 million, makes plastic film using silver, stainless steel and other materials that can be laminated on windows and electronic devices.
BUSINESS
April 5, 1990 | From Reuters
In response to a softening U.S. defense industry, Raychem Corp. said Wednesday that it would restructure, cut its work force by about 8%--about 900 jobs--and report a loss for its fiscal year ending June 30. The Menlo Park-based material-sciences company said it will report a restructuring charge of $75 million to $90 million for the fiscal third quarter that ended March 31, resulting in a loss for the entire fiscal year.
BUSINESS
April 30, 1991
Ranks companies by loss from continuing operations. '90 loss Rank Company ($ millions) 1 Occidental Petroleum (1,688) 2 First Executive Corp. (366) 3 Homefed Corp. (248) 4 Calfed Inc. (222) 5 Landmark Land Co. (221) 6 Great Amer. Bank San Diego (173) 7 National Semiconductor* (170) 8 Pathe Commun.* ** (141) 9 Raychem Corp.* (111) 10 Genentech Inc. (98) 11 Intermark Inc.* ** (68) 12 MAI Systems Corp. (64) 13 Coast Savings Finl. (63) 14 American President Cos.
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