August 7, 1990
Software Toolworks Inc., a Chatsworth producer of video games and personal-computer software, said its fiscal first-quarter profit soared to $5.88 million from $984,000 a year earlier. The earnings in the latest quarter ended June 30 included a $2.25-million tax benefit, and came on a 74% jump in Software Toolworks' sales to $22.3 million from $12.8 million.
October 1, 1993 |
Software Executives Fined by SEC: Three executives of Software Toolworks Inc., including two of the founders, agreed to pay a total of more than $2.3 million to settle SEC civil charges that they defrauded investors in 1990. The SEC said the individuals and the company misrepresented sales and withheld pertinent information in advance of an $82-million public offering, then sold 1.35 million shares, avoiding losses. The SEC said they also overstated sales and profits.
May 8, 1990 |
Leslie Crane says he is looking forward to June. That's when his Software Toolworks Inc. of Chatsworth will unveil a product at the Consumer Electronics Show that Crane says "has the potential for being the most exciting consumer electronics product of this year or the recent past." And what is it?
March 20, 1990
Software Toolworks Inc., a Chatsworth company that makes entertainment and instructional software for personal computers, reported it acquired Mindscape Inc. through a merger of Mindscape into a wholly owned subsidiary of Software Toolworks. The transaction was done in a stock swap valued at about $20 million. Mindscape, based in Northbrook, Ill., makes games for the Nintendo Entertainment System and develops other computer software products.