Advertisement
YOU ARE HERE: LAT HomeCollectionsSummagraphics Corp
IN THE NEWS

Summagraphics Corp

FEATURED ARTICLES
BUSINESS
February 6, 1996 | GREG MILLER, TIMES STAFF WRITER
CalComp, a manufacturer of computer products that has been a subsidiary of Lockheed Martin Corp. for the past 10 years, will once again become a publicly traded corporation as part of a planned merger with a similar company in Texas. Under the terms of a preliminary agreement, Anaheim-based CalComp will be combined with Summagraphics Corp., an Austin-based company that, like its merger partner, makes plotters, printers and other computer equipment used in graphic design.
ARTICLES BY DATE
BUSINESS
February 6, 1996 | GREG MILLER, TIMES STAFF WRITER
CalComp, a manufacturer of computer products that has been a subsidiary of Lockheed Martin Corp. for the past 10 years, will once again become a publicly traded corporation as part of a planned merger with a similar company in Texas. Under the terms of a preliminary agreement, Anaheim-based CalComp will be combined with Summagraphics Corp., an Austin-based company that, like its merger partner, makes plotters, printers and other computer equipment used in graphic design.
Advertisement
BUSINESS
March 21, 1996 | Times Staff and Wire Reports
Lockheed to Acquire Summagraphics Corp.: Lockheed Martin Corp. said it will acquire the Austin, Texas-based computer peripherals manufacturer in a stock swap worth about $120 million. Summagraphics will be merged with Lockheed's Anaheim-based CalComp unit. Under the deal, Lockheed will receive 40.7 million new shares of Summagraphics in exchange for all of the issued and outstanding shares of CalComp, giving Lockheed 90% control over the combined companies.
BUSINESS
November 6, 1996
CalComp Technology posted a sharp increase in its net losses for the third quarter while sales rose slightly. The Anaheim supplier of computer graphics products reported a net loss of $10.7 million, or 24 cents a share, for the third quarter, compared with a year-earlier net loss of $2.9 million, or 7 cents a share. Sales rose to $65.6 million from $65.3 million.
BUSINESS
March 21, 1996
Lockheed Martin Corp. and Summagraphics Corp. said they have signed a definitive agreement cementing a previously announced plan to combine a Lockheed subsidiary based in Anaheim with Texas-based Summagraphics. Under the agreement, Summagraphics will merge with Lockheed's CalComp unit, creating a combined company with annual sales of about $350 million. Summagraphics and CalComp both make plotters, printers and other computer equipment used in graphic design. Summagraphics will issue about 40.
BUSINESS
January 24, 1999
* Clark R. Wardle has been appointed vice president of Koll Development Co.'s Western division. Based in Newport Beach, Wardle will oversee the development of office, industrial and retail projects in the Western U.S. He was previously vice president of development at R.D. Hubbard Enterprises Inc. in Palm Desert; before that he was principal and vice president of Birtcher Real Estate Inc. * Jeff Bailey has been named president of Commonwealth Energy Products Inc.
Los Angeles Times Articles
|