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BUSINESS
July 17, 1990 | Dean Takahashi, Times staff writer
General Automation, an Anaheim minicomputer manufacturer, said Monday that it has sold 55% of its British subsidiary to Sanderson Electronics PLC for $2.6 million. General Automation also said it is using $875,000 of the proceeds of the sale to purchase a 21.7% share of its Australian-Asian subsidiary from Sanderson, raising General Automation's stake in the SGA Pacific Ltd. unit to 51%.
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BUSINESS
April 18, 1989 | David Olmos, Times staff writer
General Automation, a financially ailing computer maker, said Monday that it expects to report its first profitable quarter in nearly 2 years. The Anaheim company also said it has promoted Douglas J. Tullio to president. The position had been vacant since the resignation in January of W. Norris Agee. Tullio has previously headed General Automation's operations in North America. General Automation said it expects net income for the fiscal third quarter ended March 31 to be $103,000 on revenue of about $11 million.
BUSINESS
July 17, 1990 | Dean Takahashi, Times staff writer
General Automation, an Anaheim minicomputer manufacturer, said Monday that it has sold 55% of its British subsidiary to Sanderson Electronics PLC for $2.6 million. General Automation also said it is using $875,000 of the proceeds of the sale to purchase a 21.7% share of its Australian-Asian subsidiary from Sanderson, raising General Automation's stake in the SGA Pacific Ltd. unit to 51%.
BUSINESS
January 26, 1989 | JOHN O'DELL
General Automation Inc. said it has completed a financing arrangement that gives a British electronics firm the option to acquire a majority of General Automation's stock. The deal with Sanderson Electronics PLC gives struggling General Automation a $1.75-million loan. Sanderson has the option to convert the loan to stock in the Anaheim computer maker. The deal also gives Sanderson warrants to acquire additional stock.
BUSINESS
December 28, 1988 | DAVID OLMOS, Times Staff Writer
General Automation, a struggling Anaheim computer maker, has broken off merger talks with Alpha Microsystems and said it will team up with a British electronics firm instead. Sanderson Electronics PLC, a supplier of business computers, has agreed to lend up to $1.75 million next month to General Automation, which has searched for financial help for several months after posting heavy losses for more than a year.
BUSINESS
January 10, 1989 | JAMES S. GRANELLI, Times Staff Writer
General Automation, a struggling Anaheim computer maker, said Monday that it has reached a definitive agreement with Sanderson Electronics PLC in England to obtain a financial infusion of up to $4.1 million As part of the deal, General Automation has restructured its top management and plans to lay off about 65 of its approximately 390 employees. About a dozen employees based in Orange County will be included in the work force reduction.
BUSINESS
September 18, 1996
Alpha Microsystems sold the 907,792 shares of Sanderson Electronics PLC that it received when it sold a subsidiary in Britain to Sanderson. Alpha Microsystems said it plans to use proceeds of about $2.1 million from the sale to support and enhance its core businesses. The Santa Ana company develops and markets software and hardware for business administration and data organization. The shares were sold on the London Stock Exchange.
BUSINESS
June 6, 1989 | David Olmos, Times staff writer
General Automation, an Anaheim computer maker, said it has completed the sale of 2.9 million shares of its common stock to British-based Sanderson Electronics for 70 cents a share, or slightly more than $2 million. General Automation said the funds were used, in part, to make an initial payment of $146,000 to the Internal Revenue Service. Under an agreement with the IRS, General Automation has agreed to make payments to satisfy a $4.2 million tax liability resulting from an audit of the company's 1974 financial results.
BUSINESS
January 26, 1989 | JOHN O'DELL
General Automation Inc. said it has completed a financing arrangement that gives a British electronics firm the option to acquire a majority of General Automation's stock. The deal with Sanderson Electronics PLC gives struggling General Automation a $1.75-million loan. Sanderson has the option to convert the loan to stock in the Anaheim computer maker. The deal also gives Sanderson warrants to acquire additional stock.
BUSINESS
January 10, 1989 | JAMES S. GRANELLI, Times Staff Writer
General Automation, a struggling Anaheim computer maker, said Monday that it has reached a definitive agreement with Sanderson Electronics PLC in England to obtain a financial infusion of up to $4.1 million As part of the deal, General Automation has restructured its top management and plans to lay off about 65 of its approximately 390 employees. About a dozen employees based in Orange County will be included in the work force reduction.
BUSINESS
December 28, 1988 | DAVID OLMOS, Times Staff Writer
General Automation, a struggling Anaheim computer maker, has broken off merger talks with Alpha Microsystems and said it will team up with a British electronics firm instead. Sanderson Electronics PLC, a supplier of business computers, has agreed to lend up to $1.75 million next month to General Automation, which has searched for financial help for several months after posting heavy losses for more than a year.
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