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Startel Corp

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BUSINESS
April 4, 1992
Startel Corp., an Irvine supplier of communications processing systems, said Thursday that it has won a $1.1-million contract to jointly develop an advanced automated messaging system with a New York firm for a U.S.-Israeli foundation. Startel will merge its operator messaging system technology with the automated voice and fax processing technology of Efrat Future Technology Ltd., the Israeli subsidiary of Comverse Technology Inc. in Woodbury, N.Y.
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BUSINESS
June 11, 1992
Startel Corp: The Irvine manufacturer of telecommunication systems posted a loss of $323,000, or 7 cents a share, for the first quarter. That compared to a loss of $263,000, or 6 cents a share, for the same period a year earlier. Revenue declined 21% to $1.1 million from $1.4 million. Don M. Berry, chairman of Startel, said that the revenue decline was primarily because of the reduced number of system sales to the telephone answering service market.
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BUSINESS
April 4, 1992
Startel Corp., an Irvine supplier of communications processing systems, said Thursday that it has won a $1.1-million contract to jointly develop an advanced automated messaging system with a New York firm for a U.S.-Israeli foundation. Startel will merge its operator messaging system technology with the automated voice and fax processing technology of Efrat Future Technology Ltd., the Israeli subsidiary of Comverse Technology Inc. in Woodbury, N.Y.
BUSINESS
February 26, 1992
Startel Corp., which makes telecommunications networks, said it has restated its financial statements for 1988, 1989 and 1990 to include higher provisions for income tax liabilities. Based on a review by the auditing firm Deloitte & Touche, the company said it would report an additional loss of $297,000 for 1988, $232,000 for 1989 and $199,000 for 1990.
BUSINESS
March 5, 1987
StarTel Corp., an Irvine maker of telecommunications products, said profits for 1986 were $445,000, a more than six-fold increase from $70,000 the prior year. Revenues totaled $11.5 million, a 5% increase over a year earlier. For the fourth quarter ended Dec. 31, net income came to $210,000, down 4% from $219,000 for the same period the previous year. Sales were $3.06 million, a 5% decline from $3.2 million.
BUSINESS
May 9, 1989
Slow first-quarter sales contributed to a loss of $479,000 for StarTel Corp., Irvine, in contrast with a profit of $145,000 for the same period in 1988. Revenue declined 63% to $2 million from $3.1 million. StarTel makes telecommunication systems with integrated voice, data, database and networking capabilities.
BUSINESS
June 11, 1992
Startel Corp: The Irvine manufacturer of telecommunication systems posted a loss of $323,000, or 7 cents a share, for the first quarter. That compared to a loss of $263,000, or 6 cents a share, for the same period a year earlier. Revenue declined 21% to $1.1 million from $1.4 million. Don M. Berry, chairman of Startel, said that the revenue decline was primarily because of the reduced number of system sales to the telephone answering service market.
BUSINESS
February 26, 1992
Startel Corp., which makes telecommunications networks, said it has restated its financial statements for 1988, 1989 and 1990 to include higher provisions for income tax liabilities. Based on a review by the auditing firm Deloitte & Touche, the company said it would report an additional loss of $297,000 for 1988, $232,000 for 1989 and $199,000 for 1990.
BUSINESS
November 8, 1989
StarTel Corp., the Irvine-based telecommunications firm, reported net income of $101,000 on revenues of $1.9 million in the third quarter ended Sept. 30, contrasted with a loss of $220,000 on sales of $2.9 million in the same period of 1988. For the nine months, the company had a net loss of $848,000 on revenues of $6 million, compared with a loss of $49,000 on sales of $8.8 million in the same period of 1988.
BUSINESS
May 9, 1989
Slow first-quarter sales contributed to a loss of $479,000 for StarTel Corp., Irvine, in contrast with a profit of $145,000 for the same period in 1988. Revenue declined 63% to $2 million from $3.1 million. StarTel makes telecommunication systems with integrated voice, data, database and networking capabilities.
BUSINESS
November 8, 1989
StarTel Corp., the Irvine-based telecommunications firm, reported net income of $101,000 on revenues of $1.9 million in the third quarter ended Sept. 30, contrasted with a loss of $220,000 on sales of $2.9 million in the same period of 1988. For the nine months, the company had a net loss of $848,000 on revenues of $6 million, compared with a loss of $49,000 on sales of $8.8 million in the same period of 1988.
BUSINESS
August 4, 1987
StarTel Corp., an Irvine-based manufacturer of telephone marketing and answering systems, reported a net loss of $437,000 for the second quarter, compared with an $88,000 profit during the same period in 1986. Sales were $2.3 million, down 24% from $3 million a year ago. For the first half of 1987, StarTel reported a loss of $1.2 million, compared with earnings of $152,000 a year earlier. Sales for the six months were $4.2 million, down 25% from $5.6 million in 1986.
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