August 12, 1987
San Diego Levco Corp., a closely held manufacturer of accessories for Apple Macintosh personal computers, has signed a definitive agreement to be acquired by Scientific Micro Systems Inc., a publicly held computer peripherals company based in Mountain View. Terms of the acquistion, which involves an exchange of stock, were not announced. San Diego Levco posted revenues of $3 million in 1986, its second year of existence, and now employs 23.
November 29, 1994
Access Healthnet Inc., a Westlake Village provider of communication systems that connect doctors, hospitals and labs, reported a sharp increase in earnings in its fiscal second quarter that ended Sept. 30. Earnings surged to $426,048 in the quarter, up from $66,796 in the same quarter a year earlier. Revenues in the latest quarter were $2.97 million compared to $541,162 in the same quarter of 1993. For the six-month period, Access posted earnings of $788,020 on sales of $5.
March 1, 1987
Ultrasystems Inc. said it expects to post record revenues for its fiscal year ended Jan. 31, but it said profits will slip because of the third quarter write-off of its investment in the Dawn Enterprises ethanol refinery in North Dakota. Phillip J. Stevens, president of the Irvine-based engineering and alternate energy systems company, said he expects revenues to total about $154 million, up about 1% from $152.6 million the previous year. Profits should be "in excess" of $1.
October 17, 1986
Hurt by losses in a 60%-owned company and by "weak" business conditions, San Diego-based ISSCO on Thursday reported net income of $563,000 for the third quarter ended Sept. 30, down 59% from the third quarter last year. Revenues in the quarter increased 5%, to $11.8 million. For the nine months, net income was $1.1 million, down 54%, while revenues totaled $27.8 million, up 1.2%.
CALIFORNIA | LOCAL
January 11, 1998
Re "Piecemakers Invoke a Higher Power in Fight With City," Dec. 29: Addressing the question, "Is it right to pay taxes" to civil authorities, Jesus answered: "Give to Caesar what is Caesar's," that is, the taxes due him, "and to God what is God's." Now, which do the Piecemakers honor more, God's word--or their $3-million-a-year [revenues]? BONNIE COMPTON HANSON Santa Ana
CALIFORNIA | LOCAL
August 10, 1992
I cannot believe that the city of Thousand Oaks has turned down the shopping and housing project that was proposed on Reino Road and Kimber Drive. They have forgotten that there are a lot of people out of work. They also forgot about the revenues that the city would receive from each retailer, and that's not counting the permit and building fees they would collect. It seems that they are helping the recession, not ending it. JUDY MILIN Newbury Park
March 27, 1986 |
Belcor Inc. posted earnings of $72,710 on revenues of $1.1 million for the first quarter of its 1986 fiscal year, contrasted with earnings of $444,846 for the same period last year. But the Irvine oil and gas exploration company, which changed its name from Transierra Exploration Corp. in July, 1985, said only $7,453 of its prior first-quarter profit came from operations. The remaining $437,393 was an extraordinary gain resulting from restructuring the debt of one of the company's subsidiaries.
May 20, 1997
Incomnet Inc. posted a record $1.01-million income in the first quarter, up 140% from $418,000 the year before. Revenues for the Woodland Hills-based company rose to $31.2 million for the quarter that ended March 31, up 29% from $24.4 million a year earlier. On May 13, Incomnet purchased California Interactive Computing Inc., a Valencia-based software company, for $1.8 million.
October 25, 2006
Re "It just doesn't add up," Opinion, Oct. 22 One of Nobel economics laureate Edmund Phelps' major contributions was to determine the proper amount of saving needed to maximize consumption in the future. A similar relationship exists between taxation and tax receipts. What is the tax rate that will maximize future revenues? Jonathan Chait's trivial observation that lowering tax rates today lowers revenues today ignores Phelps' thinking. What should tax rates be to maximize both economic growth and tax revenues over 10 or 20 years?