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Symbolics Inc

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BUSINESS
February 2, 1993
Symbolics Inc., a Massachusetts-based computer company with a manufacturing operation in Chatsworth, has filed for Chapter 11 bankruptcy protection. The company laid off six of its 22 Chatsworth employees Jan. 13 in preparation for the bankruptcy filing last week. Nationwide, Symbolics reduced its staff from 110 employees to 70.
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BUSINESS
February 2, 1993
Symbolics Inc., a Massachusetts-based computer company with a manufacturing operation in Chatsworth, has filed for Chapter 11 bankruptcy protection. The company laid off six of its 22 Chatsworth employees Jan. 13 in preparation for the bankruptcy filing last week. Nationwide, Symbolics reduced its staff from 110 employees to 70.
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BUSINESS
May 24, 1988 | JAMES BATES, Times Staff Writer
Symbolics Inc., a troubled manufacturer of computers used in artificial intelligence work, confirmed that it laid off 90 of about 260 employees last week at its Chatsworth plant. The layoffs, which Symbolics called a "company downsizing," came as the firm laid off 225 of its 640 workers nationwide in a move to stem losses and improve its chances of securing financing. Symbolics said the 225 layoffs will save $15 million a year.
BUSINESS
May 24, 1988 | JAMES BATES, Times Staff Writer
Symbolics Inc., a troubled manufacturer of computers used in artificial intelligence work, confirmed that it laid off 90 of about 260 employees last week at its Chatsworth plant. The layoffs, which Symbolics called a "company downsizing," came as the firm laid off 225 of its 640 workers nationwide in a move to stem losses and improve its chances of securing financing. Symbolics said the 225 layoffs will save $15 million a year.
BUSINESS
February 26, 1988
Ronald L. Derry has been named president, chief executive and a director of Symbolics Inc. Derry previously was vice president-operations of the Cambridge, Mass., company. Russell Noftsker, meanwhile, who had previously resigned as chief executive, resigned as chairman and as a director. Derry, who has been with the company since 1982, will serve as president and chief executive until the directors complete a search for someone to fill the positions permanently.
BUSINESS
January 9, 1986 | DANIEL AKST, Times Staff Writer
A computer company in Chatsworth has signed a $23-million lease for what appears to be the second-biggest block of commercial real estate ever rented in the San Fernando Valley, it was announced Wednesday. Symbolics Inc., which makes artificial intelligence systems, will abandon 95,000 square feet in four buildings in Chatsworth to consolidate its operations in 228,000 square feet of new space at the northwest corner of Canoga Avenue and Plummer Street.
BUSINESS
May 28, 1985 | DANIEL AKST, Times Staff Writer
Despite major layoffs by two big San Fernando Valley computer-equipment companies, employment is holding firm at many of the other large companies in the Valley's diverse computer industry. Among the biggest employers in the field, as many are hiring as are firing, according to a survey of companies with more than 100 local employees.
BUSINESS
August 3, 1986 | VICTOR F. ZONANA, Times Staff Writer
They are known, in industry circles, as "The Gang of Four": IntelliCorp., Teknowledge, Inference Corp. and Carnegie Group. Their mission, proclaims Alexander Jacobson, president of Los Angeles-based Inference, is nothing less than to usher in "the dawn of the second generation of the computing industry." They are makers of programs that allow customers to build "expert systems."
NEWS
April 6, 1986 | DAVID M. KINCHEN, Times Staff Writer
Despite office vacancy rates of 20% and more and a plentiful supply of industrial buildings, non-residential real estate brokers in the San Fernando Valley and Ventura County are optimistic about 1986. Some comments from brokers, developers and others, to put the situation in perspective: --"We had our best year ever last year, with $76 million in gross volume, up almost 9% from 1984, and a 54% increase in net profit," said Mike Zugsmith of Zugsmith & Associates Inc.
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