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Research Engineers Inc

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BUSINESS
August 13, 1997
The Yorba Linda developer of engineering software reported a profit of $16,000 or less than half a cent a share for its fiscal 1998 first quarter, compared with a year-earlier profit of $140,000 or 3 cents a share. Sales for the three months ended June 30 rose 35% to $2.8 million from $2.06 million. The company said its net income was reduced by a one-time charge of $47,000 for severance expenses for a senior manager laid off at a recently acquired subsidiary.
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BUSINESS
March 3, 2000 | Dow Jones
Research Engineers Inc. said Thursday it has changed its name to NetGuru Inc. and will begin trading its shares on the Nasdaq under the symbol NGRU, beginning today. The Yorba Linda provider of network-based engineering software and services said in a press release that the NetGuru Internet services target India and other Asian Pacific communities. The company expects to reach India's middle class population in the near future.
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BUSINESS
October 23, 1997 | Dow Jones
Research Engineers Inc. acquired the animation technology assets of AXA Corp., a former animation technology developer for the entertainment industry. The cash transaction was worth $450,000 in ongoing research and development, a company spokesman said Wednesday. Research Engineers said it will integrate the animation technology into its own mechanical engineering software. Research Engineers provides third-party engineering software systems.
BUSINESS
February 3, 2000 | Dow Jones
Software developer Research Engineers Inc. in Yorba Linda said Wednesday it has signed a letter of intent to acquire an Internet service provider in India for $1.4 million in stock. As part of the deal, Research Engineers said in a press release that it will acquire a license to develop a nationwide network in India. The company said Interra Global Ltd. of India will sell the business unit in a two-phase transaction.
BUSINESS
April 10, 1999 | (P.J. Huffstutter)
Continuing a months-long buying spree, Yorba Linda engineering software maker Research Engineers Inc. said Friday that it acquired privately held PacSoft Inc. in a stock deal valued at about $420,000. Research Engineers paid 50,000 of its shares for PacSoft. Research Engineers' stock closed Friday at $8.375, making the deal worth $418,750. PacSoft, headquartered in Seattle, makes Windows-based 3-D software products for civil engineers.
BUSINESS
December 17, 1999 | (Dow Jones)
Research Engineers Inc., which earlier acquired 70% of Netguru Systems Inc. in Waltham, Mass., said Thursday it has purchased the rest of the company. Research, a Yorba Linda provider of engineering software services, said it paid $4.5 million in cash, stock and a promissory note for the entire company. Netguru provides information technology services for the financial services, insurance and technology industries.
BUSINESS
March 2, 1999 | Jonathan Gaw
Research Engineers Inc., a Yorba Linda engineering software company, said Monday it has completed its previously announced acquisition of R-Cube Technologies Inc., a Silicon Valley software consulting firm, for $2.32 million cash. Privately owned R-Cube, which specializes in software development using Internet protocols, will be folded into Research Engineers' India-based Techna Consulting Services and will focus on the engineering industry, the company said. R-Cube has annual revenue of $4.
BUSINESS
June 30, 1999 | John O'Dell
Research Engineers Inc., a Yorba Linda maker of engineering software, said it lost $171,000 in its fiscal 1999 fourth quarter, ended March 31. The loss, equal to 3 cents a share, compared to a profit of $115,000, or 2 cents a share, in the final period the prior year. Revenue of $3.3 million for the three months was up slightly from $2.87 million in the previous fourth quarter.
BUSINESS
February 14, 1999
Research Engineers Inc.: The Yorba Linda provider of engineering software and services reported a net loss of $16,000 for the third fiscal quarter, compared with a net loss of $126,000, or 2 cents a share, for the third quarter a year ago. Revenue for the quarter ended Dec. 31 declined 12% to $2.9 million from $3.3 million.
BUSINESS
January 22, 2000
Research Engineers Inc., a Yorba Linda provider of engineering software services, said its board has approved a 2-for-1 stock split to be paid Feb. 7 to shareholders of record Jan. 31. The stock was one of the best performers in Orange County last year, increasing more than ninefold. On Friday, the shares hit a 52-week high of $63.75 before closing at $62.75, up $5.38. Last January, the stock was trading at less than $3 a share.
BUSINESS
September 17, 1999 | Dow Jones
Research Engineers Inc., a Yorba Linda developer of engineering software, said Thursday it has acquired a 70% stake in NetGuru Systems and plans to acquire the other 30% of the Waltham, Mass., information technology company by the end of the year. Research Engineers said it paid $4.5 million in cash, common shares and a promissory note for the company. It will fund the cash portion of the purchase by issuing newly created series B, 5% convertible preferred shares.
BUSINESS
June 30, 1999 | John O'Dell
Research Engineers Inc., a Yorba Linda maker of engineering software, said it lost $171,000 in its fiscal 1999 fourth quarter, ended March 31. The loss, equal to 3 cents a share, compared to a profit of $115,000, or 2 cents a share, in the final period the prior year. Revenue of $3.3 million for the three months was up slightly from $2.87 million in the previous fourth quarter.
BUSINESS
April 10, 1999 | (P.J. Huffstutter)
Continuing a months-long buying spree, Yorba Linda engineering software maker Research Engineers Inc. said Friday that it acquired privately held PacSoft Inc. in a stock deal valued at about $420,000. Research Engineers paid 50,000 of its shares for PacSoft. Research Engineers' stock closed Friday at $8.375, making the deal worth $418,750. PacSoft, headquartered in Seattle, makes Windows-based 3-D software products for civil engineers.
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