BUSINESS
December 8, 1992 | MICHAEL FLAGG, TIMES STAFF WRITER
Symbol Technologies Inc., which makes bar-code scanners used at store check-out counters, is considering closing its factory and offices in Costa Mesa, where it employs 500. Symbol's biggest customers--retailers--have been pounded by the recession, and Symbol's sales have slumped. In its latest quarter, ending in September, Symbol lost $3.4 million on sales of $78 million, down from a profit of $7 million on sales of $87 million in the same quarter last year.
BUSINESS
June 10, 2004 | From Bloomberg News
Former Symbol Technologies Inc. Chief Executive Tomo Razmilovic, indicted last week on charges of conspiring to commit accounting fraud, is a fugitive, the Justice Department said Wednesday. Razmilovic, 62, will not appear at an arraignment today to enter a plea to fraud charges and to have bail set, his lawyer said, according to prosecutors.
BUSINESS
June 20, 2003 | From Bloomberg News
Former Symbol Technologies Inc. Chief Accounting Officer Robert Korkuc pleaded guilty to criminal fraud and conspiracy for overstating earnings to meet analysts' forecasts, federal prosecutors said. The U.S. attorney and the Securities and Exchange Commission said they are continuing to investigate accounting practices at Symbol, the world's largest maker of bar-code scanners. Holtsville, N.Y.
CALIFORNIA | LOCAL
January 16, 1991
Symbol Technologies Inc. of Costa Mesa has donated more than $100,000 worth of computer equipment to the High Technology Department at Orange Coast College. The company, which creates automated cash register systems that read Universal Product Codes, presented a Micro-Vax Computer with 20 terminals, several printers and other equipment. "This new system enhances our computer power to a tremendous degree," said Thomas C.
BUSINESS
April 22, 1998 | Reuters
Symbol Technologies Inc., a leader in bar-code scanning technology, said it has a "serious interest" in acquiring Telxon Corp. for about $612 million, or $38 a share, in cash and stock. Telxon said it had received Symbol's letter of interest and would respond in due course. Telxon, which is based in Akron, Ohio, makes hand-held computers, which are increasingly being used as bar-code scanning expands from grocery stores to other industries.