BUSINESS
April 26, 1990
It's reported that Medflies continue to be found in and around areas which have been sprayed repeatedly with malathion. At last one can begin to suspect that not only is the spraying not harmful to humans, it's not even harmful to the Medflies. GENE FARMER Northridge
BUSINESS
February 7, 1989
Microsemi Corp. raised its ownership in SFE Technologies, a San Fernando maker of electronic components, to 7.3% of SFE's stock from 6%. In a filing with the Securities and Exchange Commission, Microsemi, a Santa Ana producer of semiconductor equipment, said it bought 85,931 additional SFE shares, giving it a total of 487,261 shares. SFE has 6.68 million total shares outstanding. The latest shares were purchased between Dec. 21 and Jan.
BUSINESS
September 6, 1988
SFE Technologies, a San Fernando electronics company that has been rocked the past four years by an industry slump, said it has fallen into technical default on about $16 million in loans because its net worth dropped below the levels its loan agreements require it to maintain. Jerome J. Jahn, SFE executive vice president, said the company is negotiating with its three banks--City National in Beverly Hills, Valley National in Phoenix and Hibernia in New Orleans--to try to resolve the problem.
BUSINESS
May 29, 1990
SFE Technologies, a San Fernando maker of electronic components, said it lost $1.35 million in its fiscal second quarter, compared with a $28,000 loss a year earlier. The latest loss in the quarter, which ended April 28, came on a 12% drop in SFE's sales, to $7.17 million from $8.10 million. For the first half of its fiscal year, SFE lost $2.52 million compared with a $561,000 loss a year earlier. Its six-month revenue fell 10%, to $13.7 million from $15.2 million.
BUSINESS
August 28, 1990
SFE Technologies, a San Fernando electronics company, said it lost $1.55 million in the third quarter that ended July 28, compared to a loss of $338,000 in the same period a year ago. SFE's sales fell 29% to $5.82 million for the quarter, from $8.15 million a year earlier. For the nine months that ended July 28, SFE lost $4.07 million, compared to $899,000 a year before. The company's nine-month sales fell 16% to $19.6 million, from $23.4 million a year ago.
BUSINESS
November 6, 1990
SFE Technologies, a San Fernando electronics company, said it reached a tentative agreement to sell its West-Cap Arizona subsidiary. SFE did not disclose the terms of the agreement, and said only that the potential buyer was "a privately held company headquartered in the Midwest." The deal still depends on the buyer arranging "satisfactory financing," according to SFE. SFE also said its investment bankers are still looking for a buyer for its San Fernando division.