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State Of The Art Accounting Software Inc

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BUSINESS
November 17, 1989 | Michael Flagg Times staff writer
New Leases on Life: It's been a good week for The Irvine Co. Late last week, the huge Newport Beach developer and landowner signed one of the largest office leases in the county, a $60-million deal with the law firm of Gibson, Dunn & Crutcher for space in a new office building at Jamboree Center in Irvine. Then early this week, the company signed a large lease for industrial space with a software firm. State of the Art Accounting Software Inc.
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BUSINESS
July 31, 1996
State of the Art, a maker of accounting software, said it has extended its strategic alliance with Seagate Software. Under a new licensing agreement, Seagate's Crystal Reports software will be bundled with Irvine-based State of the Art's entire product line. Separately, an investor group including P.A.W. Capital Corp. cut its stake in the company to 4.4%.
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BUSINESS
October 19, 1994 | ROSS KERBER
Accounting software developer State of the Art Inc., seeking access to the small business market, said Tuesday that it has reached a tentative agreement to buy a Northern California company in a stock swap worth $13 million. The Irvine company said it hopes to complete the acquisition of Manzanita Software Systems in Roseville, which develops financial management software for small business, by the end of the year.
BUSINESS
February 26, 1992
While the recession has forced layoffs elsewhere, computer software developer State of the Art Inc. is planning to hire 93 people during the next year. The expansion would mean boosting State of the Art's work force of 124 people by 75%, said David Samuels, president of the Irvine supplier of accounting software. "Since the war ended last year, State of the Art has been experiencing rapid growth in spite of the sluggish economy," Samuels said.
BUSINESS
July 19, 1992
State of the Art Inc., an accounting-software developer, reported that net income for the second quarter increased 10%, to $1.1 million, or 12 cents per share, from $1 million, or 12 cents per share, for the second quarter of the previous year. Revenue increased 14%, to nearly $5 million from $4.4 million. First-half net income was $2.3 million, or 25 cents per share, 28% higher than the $1.8 million, or 22 cents per share, posted a year earlier. Revenue rose 20%, to $9.7 million from $8.
BUSINESS
July 21, 1992 | Dean Takahashi, Times staff writer
Accounting Module: State of the Art Inc., an Irvine company that makes accounting software, is going after the manufacturing market with its latest accounting software module. The company's Work Order Processing module is designed for the particular accounting needs of manufacturers, said David S. Samuels, president of State of the Art. The module is the 16th in State of the Art's MAS 90 Evolution/2 accounting software line. The module starts at $999.
BUSINESS
September 19, 1992 | From Times Staff and Wire Reports
State of the Art's Stock Price Falls Sharply: State of the Art Inc.'s stock price plunged 29% to an all-time low Friday after the Irvine company announced that its earnings and revenue during the third quarter would likely be below analysts' expectations. The accounting software maker's stock fell $2 to $4.75 a share in over-the-counter trading Friday.
BUSINESS
July 21, 1992 | Dean Takahashi, Times staff writer
Accounting Module: State of the Art Inc., an Irvine company that makes accounting software, is going after the manufacturing market with its latest accounting software module. The company's Work Order Processing module is designed for the particular accounting needs of manufacturers, said David S. Samuels, president of State of the Art. The module is the 16th in State of the Art's MAS 90 Evolution/2 accounting software line. The module starts at $999.
BUSINESS
July 19, 1992
State of the Art Inc., an accounting-software developer, reported that net income for the second quarter increased 10%, to $1.1 million, or 12 cents per share, from $1 million, or 12 cents per share, for the second quarter of the previous year. Revenue increased 14%, to nearly $5 million from $4.4 million. First-half net income was $2.3 million, or 25 cents per share, 28% higher than the $1.8 million, or 22 cents per share, posted a year earlier. Revenue rose 20%, to $9.7 million from $8.
BUSINESS
September 19, 1992 | From Times Staff and Wire Reports
State of the Art's Stock Price Falls Sharply: State of the Art Inc.'s stock price plunged 29% to an all-time low Friday after the Irvine company announced that its earnings and revenue during the third quarter would likely be below analysts' expectations. The accounting software maker's stock fell $2 to $4.75 a share in over-the-counter trading Friday.
BUSINESS
April 14, 1992
State of the Art Inc., an Irvine accounting software company, has signed a strategic marketing partnership with computer giant International Business Machines and systems integrator Dickens Data Systems in Norcross, Ga. Under the agreement, State of the Art will become an approved supplier of software for the IBM RS/6000 computer line for corporate networks. The companies plan to team up to sell complete accounting systems to customers.
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