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November 12, 1991 | JAMES F. PELTZ, TIMES STAFF WRITER
SFE Technologies, plagued by years of losses and recent product-testing violations, has shut down nearly all of its operation and plans to liquidate. The San Fernando-based company, which celebrated its 40th anniversary this year, made ceramic capacitors and other electronic components that were mostly sold to the Pentagon. Its closure resulted in the layoff of 360 workers, and its creditors stand to lose about $20 million, said Emmett H. Bradley, SFE's acting president.
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BUSINESS
November 12, 1991 | JAMES F. PELTZ, TIMES STAFF WRITER
SFE Technologies, plagued by years of losses and recent product-testing violations, has shut down nearly all of its operation and plans to liquidate. The San Fernando-based company, which celebrated its 40th anniversary this year, made ceramic capacitors and other electronic components that were mostly sold to the Pentagon. Its closure resulted in the layoff of 360 workers, and its creditors stand to lose about $20 million, said Emmett H. Bradley, SFE's acting president.
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BUSINESS
May 28, 1991
SFE Technologies in San Fernando said it remains eligible to receive defense-related contract awards because the Pentagon has ended so-called debarment proceedings against the company. SFE, a maker of capacitors and other electronic components, had disclosed in January that the Defense Department's Defense Logistics Agency had begun the debarment effort, which could have blocked SFE from getting any federal contracts for up to three years.
BUSINESS
May 28, 1991
SFE Technologies in San Fernando said it remains eligible to receive defense-related contract awards because the Pentagon has ended so-called debarment proceedings against the company. SFE, a maker of capacitors and other electronic components, had disclosed in January that the Defense Department's Defense Logistics Agency had begun the debarment effort, which could have blocked SFE from getting any federal contracts for up to three years.
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.
BUSINESS
April 30, 1991
SFE Technologies, a San Fernando electronics company, said its stock was removed from the NASDAQ trading network on April 22. NASDAQ said SFE's stock was removed because the company's filings of financial statements weren't current. The company also said it did not meet NASDAQ's minimum capital surplus requirement of $375,000. NASDAQ, governed by the National Assn. of Securities Dealers, is the principal electronic trading system of the over-the-counter market.
BUSINESS
December 18, 1990
SFE Technologies, a San Fernando electronics company, said it has signed an agreement to sell most of the assets of its West-Cap Arizona subsidiary to Dale Electronics Inc., based in Columbus, Neb. SFE and Dale have set Dec. 31 as the expected closing date for the sale, said SFE Chairman William Kuehn. The agreement concludes negotiations that began in mid-November, he said. The proposed purchase price was not disclosed. Dale is a subsidiary of Vishay Intertechnology Inc., based in Malvern, Pa.
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
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
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 6, 1990 | JOHN MEDEARIS, TIMES STAFF WRITER
In October the board of SFE Technologies hired William P. Kuehn as its new chief executive because, as Kuehn puts it, he's a "crisis manager." He had better be. Since 1985, when SFE's biggest customer took most of its business elsewhere, the San Fernando electronics company has foundered, struggling to find a profitable market for its electronic components called capacitors, which are used widely in electronic devices to control the flow of electricity into semiconductor chips.
BUSINESS
April 30, 1991
SFE Technologies, a San Fernando electronics company, said its stock was removed from the NASDAQ trading network on April 22. NASDAQ said SFE's stock was removed because the company's filings of financial statements weren't current. The company also said it did not meet NASDAQ's minimum capital surplus requirement of $375,000. NASDAQ, governed by the National Assn. of Securities Dealers, is the principal electronic trading system of the over-the-counter market.
BUSINESS
January 12, 1988
SFE Technologies cut its losses in the fourth quarter ended Oct. 31 to $2.3 million, or 35 cents a share, compared to $6.7 million, or $1.07 a share, a year earlier. Sales fell 7.7% to $9.6 million from $10.4 million in the same period a year earlier. The San Fernando-based electronics company said the sale of several of its divisions last year accounted for the narrower losses and lower revenue. For the fiscal year ended Oct. 31, the company reported a loss of $5.
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