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BUSINESS
June 3, 1988 | CHRIS KRAUL, San Diego County Business Editor
The resignation of Wavetek Chairman John Thornton was announced Thursday by the company, a move that Thornton and company officials said was unrelated to the disclosure earlier this week by Wavetek's largest shareholder that it planned to sell its 20% stake in the firm. Thornton was replaced as chairman by David B. Pivan, a 66-year-old management consultant who until two months ago was chairman of Intermec of Lynnwood, Wash., a publicly owned bar code equipment manufacturer.
BUSINESS
May 5, 1993 | MICHAEL FLAGG, TIMES STAFF WRITER
Pacific Scientific Co., a maker of aircraft safety equipment, sought to reassure investors Tuesday by saying it knows of no reason why its stock price should be dropping. It worked, at least on Tuesday: After the company released its statement, the stock rose $1 to $13.50. The company, whose shares have sold for as much as $16 on the New York Stock Exchange in the last year, dropped from the $15 range in mid-April to $12.
BUSINESS
July 12, 1988 | GREG JOHNSON, Times Staff Writer
Wavetek, which earlier this month adopted a "poison pill" package to ward off a possible takeover, on Friday said it had replaced president John W. Battin with C. Fredrick Sehnert, a Wavetek board member for six years. Wavetek officials on Monday declined to comment on the reasons for Battin's departure, but the company did say Friday that it expected to report a net loss for the second quarter ended July 2.
BUSINESS
August 6, 1991 | JAMES F. PELTZ, TIMES STAFF WRITER
As Datron Systems Inc.'s stockholders gather today for the company's annual meeting, they can be glad for one thing: A year has gone by since they last met. In its fiscal year that ended March 31, Datron's profit tumbled 46%, to $2.31 million, despite a 32% gain in sales to $59.6 million.
BUSINESS
January 11, 1989 | ERIC SCHINE, Times Staff Writer
The chairman of a Michigan automotive company recently acquired a 6.1% stake in Fullerton-based Wynn's International, but Wynn's President James Carroll said Tuesday that he is not concerned about the possibility of a takeover. Carroll said that Heinz Prechter, chairman of ASC Inc. in Southgate, Mich., telephoned him Friday before filing the Securities and Exchange Commission documents that disclosed his Dec. 29 purchase of 50,000 shares of Wynn's stock for $20.75.
BUSINESS
August 8, 1989 | JAMES F. PELTZ, Times Staff Writer
In these days of defense budget cuts, Datron Systems in Simi Valley wouldn't seem to have a chance of appealing to investors. After all, Datron is a small electronics concern that sells its products mainly to defense and other U.S. government agencies. Datron's products, which accounted for sales of $37 million in its fiscal year ended March 31, include antennas for tracking satellites, simulators for jet pilots and military radios.
BUSINESS
November 8, 1988 | CHRIS KRAUL, San Diego County Business Editor
Entrepreneur John Thornton of San Diego has come a long way since his hardscrabble high school days in Long Beach when he made extra dollars buying and selling used bicycles and motor scooters. Now, as a San Diego-based venture capitalist with ownership stakes in seven companies, Thornton makes much larger deals.
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