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Safi Qureshey

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BUSINESS
August 10, 1992 | DEAN TAKAHASHI, TIMES STAFF WRITER
Safi Qureshey is alone at the top of AST Research Inc., the swashbuckling Irvine computer clone maker that was started by three co-founders, who were dubbed the Three Musketeers. After the departures of co-founder Albert Wong in 1988 and the recent ouster of Thomas Yuen, Qureshey will lead Orange County's largest computer company through the industry's toughest price war to date. He talked with Times staff writer Dean Takahashi about his plans for the company and the difficult parting with Yuen.
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NEWS
October 19, 1997 | PATRICE APODACA, TIMES STAFF WRITER
It's called the CEO Emeritus Club, and as clubs go, they don't get much more exclusive. The six members are among the biggest names in the Orange County business world. They are executives who built empires, lost them, won admirers and stirred controversy. Now independently wealthy, they remain driven by the prospect of more profits, but with an altruistic spin: They want to help lead Southern California into the high-tech future. Founded three months ago, the group comprises Roger W.
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BUSINESS
March 9, 1994 | EVAN RAMSTAD, ASSOCIATED PRESS
Safi Qureshey was attending a conference of business executives, listening to complaints about changes at other companies, when he felt compelled to speak. He raised his hand, introduced himself and said: "I look at it like the biggest person that has to change is myself. If I do not change, I cannot lead because the company has to change." His company, AST Research Inc., is going through its biggest change ever.
BUSINESS
June 29, 1996 | GREG MILLER, TIMES STAFF WRITER
Samsung Electronics Corp. moved closer to swallowing AST Research Inc. on Friday, agreeing to raise its stake in the struggling computer manufacturer to nearly 50% and appointing one of its top executives to replace AST co-founder Safi U. Qureshey as chairman. Samsung, which has provided critical financial backing for AST, agreed to buy $60 million in newly issued stock to help the Irvine-based company pay off a looming debt.
BUSINESS
July 3, 1992 | DEAN TAKAHASHI, TIMES STAFF WRITER
The computer industry hummed with speculation this week: Why did co-founder Thomas C. K. Yuen leave AST Research Inc.? Neither Yuen nor Safi U. Qureshey, chief executive and the last of three immigrant co-founders remaining at the rags-to-riches Fortune 500 company, is talking to the news media since Yuen's abrupt departure Monday.
NEWS
June 29, 1996
Safi Qureshey, above, the "S" in AST Research, has been the Irvine computer company's leader since it was founded in 1980. But that era ended on Friday, when Qureshey stepped down as chairman. Albert Wong and Tom Yuen, whose first initials rounded out the AST name, left years ago. Qureshey remains a director.
BUSINESS
May 4, 1994
Safi Qureshey, chief executive of computer maker AST Research Inc., Tuesday was appointed chairman of a statewide alliance of education and business leaders who want to make the state more competitive. Qureshey heads the California Business-Higher Education Forum, a nonprofit group including 60 CEOs of major companies who will lobby the state government to make California more attractive to businesses and improve overall education.
BUSINESS
January 23, 1987
Irvine-based AST Research Inc. reported net earnings of $3.7 million for the second quarter of its fiscal year 1987, down 57% from $8.6 million a year earlier. Sales for the period ended Dec. 31 hit a record $47.1 million, up 2% from $47 million. For the first six months of its fiscal year, AST had profits of $6.8 million, down 59% from $16.6 million recorded a year earlier. Revenues of $87.3 million were down 3.7% from $90.7 million.
BUSINESS
July 13, 1994 | CHRIS WOODYARD, TIMES STAFF WRITER
AST Research Inc. announced Tuesday that co-founder Safi Qureshey has stepped down as president and will be succeeded by James T. Schraith. The company said the change will allow Qureshey, who has served as president since co-founding the computer company in 1980, to concentrate on strategic rather than day-to-day concerns. The 43-year-old Pakistani immigrant will remain as chairman.
NEWS
June 29, 1996
Safi Qureshey, above, the "S" in AST Research, has been the Irvine computer company's leader since it was founded in 1980. But that era ended on Friday, when Qureshey stepped down as chairman. Albert Wong and Tom Yuen, whose first initials rounded out the AST name, left years ago. Qureshey remains a director.
BUSINESS
December 24, 1995 | GREG MILLER, TIMES STAFF WRITER
It's been nearly two months now since Ian Diery took the helm at AST Research Inc., but employees got their first good look at him less than two weeks ago during a meeting in the courtyard of the company's headquarters. "I want you to look forward and fix this company to a model that will work in the coming years," Diery told the 600 engineers, salespeople and others gathered around him. "I don't want you to look backward." These days, that would be too painful.
NEWS
November 3, 1995 | GREG MILLER, TIMES STAFF WRITER
The other shoe finally dropped at AST Research Inc. on Thursday as beleaguered co-founder Safi Qureshey said he will step down as chief executive officer in favor of former Apple Computer executive Ian Diery. In addition, AST said it reached a tentative agreement with partner Samsung Electronics under which the Korean electronics giant will provide up to $100 million in credit to AST in return for control of the board of directors and an increase in its 40% stake in the company.
BUSINESS
July 13, 1994 | CHRIS WOODYARD, TIMES STAFF WRITER
AST Research Inc. announced Tuesday that co-founder Safi Qureshey has stepped down as president and will be succeeded by James T. Schraith. The company said the change will allow Qureshey, who has served as president since co-founding the computer company in 1980, to concentrate on strategic rather than day-to-day concerns. The 43-year-old Pakistani immigrant will remain as chairman.
BUSINESS
May 4, 1994
Safi Qureshey, chief executive of computer maker AST Research Inc., Tuesday was appointed chairman of a statewide alliance of education and business leaders who want to make the state more competitive. Qureshey heads the California Business-Higher Education Forum, a nonprofit group including 60 CEOs of major companies who will lobby the state government to make California more attractive to businesses and improve overall education.
BUSINESS
March 9, 1994 | EVAN RAMSTAD, ASSOCIATED PRESS
Safi Qureshey was attending a conference of business executives, listening to complaints about changes at other companies, when he felt compelled to speak. He raised his hand, introduced himself and said: "I look at it like the biggest person that has to change is myself. If I do not change, I cannot lead because the company has to change." His company, AST Research Inc., is going through its biggest change ever.
BUSINESS
May 7, 1987 | JOHN O'DELL, Times Staff Writer
A trio of Orange County-based companies were ranked in the top half of Inc. magazine's annual listing of the nation's 100 fastest-growing small public companies, including one firm that has grown its way into near-bankruptcy. The critical financial condition of Westworld Community Healthcare, which placed 18th on Inc.'s popular listing, is a clear sign that growth doesn't always equate with success.
BUSINESS
December 24, 1995 | GREG MILLER, TIMES STAFF WRITER
It's been nearly two months now since Ian Diery took the helm at AST Research Inc., but employees got their first good look at him less than two weeks ago during a meeting in the courtyard of the company's headquarters. "I want you to look forward and fix this company to a model that will work in the coming years," Diery told the 600 engineers, salespeople and others gathered around him. "I don't want you to look backward." These days, that would be too painful.
BUSINESS
October 3, 1993 | DEAN TAKAHASHI, TIMES STAFF WRITER
AST Research Inc. scored a public relations coup last week when Vice President Al Gore, as part of his campaign to promote an overhaul of the federal bureaucracy, told a group of reporters that the Orange County personal computer maker was a model of reinventing. "We now have AST computers in the White House, and I've got one sitting on my desk," Gore said during a meeting with employees at AST's Fountain Valley computer plant. "I can't tell you how impressed I am with this company." Safi U.
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