Advertisement
YOU ARE HERE: LAT HomeCollectionsSync Research Inc
IN THE NEWS

Sync Research Inc

FEATURED ARTICLES
BUSINESS
July 14, 1998 | Dow Jones
Sync Research Inc. said Monday that Datatec Corp., a Venezuelan telecommunications distributor, has agreed to distribute Irvine-based Sync's relay access devices and other products throughout Venezuela. Financial terms weren't disclosed.
ARTICLES BY DATE
BUSINESS
September 2, 2000
The merger of Sync Research Inc., an Irvine maker of computer networking gear, with a Santa Monica company's subsidiary was completed Friday, and stock in the new company gained $2.75 to close at $7.13 a share in Nasdaq trading. The combined company, called Entrada Networks Inc., is based in San Diego and is majority owned by Osicom Technologies Inc. in Santa Monica. The new company, which trades under the ESAN ticker symbol, develops technologies for the storage area networking market.
Advertisement
BUSINESS
June 2, 1998 | P.J. Huffstutter
In the latest change in executive personnel at Sync Research Inc., Richard W. Martin on Monday became president and chief executive of the Irvine maker of computer networking devices. Chairman Greg Reyes and founder John Rademaker, who have served as interim co-CEOs since last fall, will return to their previous duties. Martin was hired to replace former Sync CEO Roger Dorf, who resigned in October, less than six months after he took the job.
BUSINESS
August 3, 2000
The Irvine maker of computer networking products reported a second-quarter net loss of $4.4 million, or $1.24 a share, compared to a net loss of $1.3 million, or 37 cents a share, for the 1999 second quarter. The results for the recent quarter included $2.5 million in inventory write-offs and additional valuation reserves. Revenue declined 45% to $2.4 million. The company plans to merge with a subsidiary of Santa Monica optical networking firm Osicom Technologies.
BUSINESS
July 13, 2000 | Bloomberg News
Sync Research Inc., Irvine maker of computer-networking devices, said Wednesday it will close a plant in Norton, Mass., as it moves to cut costs. The company said it will take a charge of $2.5 million to $3 million in the second quarter to cover the closure and employee-related costs as well as asset write-offs. The company didn't say how many employees would be fired, and Sync officials couldn't be reached for comment. The closure is intended to reduce Sync's operating costs.
BUSINESS
August 21, 1996
Shares of Sync Research Inc. rose 20% Tuesday after Pacific Bell said it would use Sync's devices as part of a computer network service offered to corporate customers. The Irvine-based company's stock finished the day at $13.375 per share, up $2.25 from the previous day in active trading on the Nasdaq market. "We're excited about [the Pacific Bell deal] because it's another carrier that has endorsed our product," said Sync President Roger Dorf.
BUSINESS
February 5, 1999 | P.J. HUFFSTUTTER, TIMES STAFF WRITER
Sync Research Inc. said Thursday that its losses more than doubled in the fourth quarter and that the company has laid off 30 workers as part of an ongoing reorganization. The Irvine-based firm, which makes networking and digital transmission devices, reported a loss of $6.6 million, or 38 cents a share, including a $2.6-million restructuring charge, for the three months. A year earlier, the company posted a loss of $2.8 million, or 16 cents a share.
BUSINESS
December 18, 1995 | GREG MILLER, TIMES STAFF WRITER
Standing on the 25th floor of one of the tallest buildings in San Francisco last month, John H. Rademaker surveyed the rows of computer terminals in the stock trading room of Robertson, Stephens & Co. In those glowing screens, he watched his life change. Sync Research Inc.
BUSINESS
March 21, 1997 | GREG MILLER, TIMES STAFF WRITER
Sync Research Inc., which has struggled since its dazzling Wall Street debut in 1995, said Thursday that it will report disappointing financial results for the first quarter, and that it is moving to slash expenses by as much as 20%. The Irvine-based company, which makes computer networking devices, said it expects first-quarter revenue of about $5.6 million, about half of what analysts were expecting.
BUSINESS
March 28, 1996 | GREG MILLER, TIMES STAFF WRITER
Sync Research Inc., whose stock was one of 1995's hottest public offerings but has gone ice-cold since then, said Wednesday that it has signed what could be a lucrative agreement to sell some of its products under the IBM name. Sync's stock shot up 29% on heavy trading after the deal was announced, closing at $16.
BUSINESS
July 13, 2000 | Bloomberg News
Sync Research Inc., Irvine maker of computer-networking devices, said Wednesday it will close a plant in Norton, Mass., as it moves to cut costs. The company said it will take a charge of $2.5 million to $3 million in the second quarter to cover the closure and employee-related costs as well as asset write-offs. The company didn't say how many employees would be fired, and Sync officials couldn't be reached for comment. The closure is intended to reduce Sync's operating costs.
BUSINESS
April 12, 2000 | KAREN KAPLAN, TIMES STAFF WRITER
Sync Research Inc., a struggling maker of computer networking gear in Irvine, has agreed to merge with a subsidiary of Santa Monica optical networking firm Osicom Technologies, the companies said Tuesday. Osicom and Sync shareholders will each own 50% of the combined company, to be called Entrada Networks. A spokesman for Sync said the new operation will be based in Irvine, and that no layoffs are planned. There was no word on when the deal will close.
BUSINESS
April 12, 2000 | KAREN KAPLAN, TIMES STAFF WRITER
Santa Monica optical networking firm Osicom Technologies said Tuesday it would merge its Network Access subsidiary with Sync Research, an Irvine maker of computer networking gear. Osicom and Sync shareholders will each own 50% of the combined company, to be called Entrada Networks. A spokesman for Sync said the new operation will be based in Irvine. There was no word on when the deal will close. No layoffs are planned.
BUSINESS
February 8, 2000 | Dow Jones
Sync Research Inc. said Monday that a federal judge has dismissed a shareholder class-action lawsuit against the Irvine company. Sync said the suit, which had accused the company and several officers and directors of securities law violations, had been pending since 1997. The company, which makes computer-networking devices, said it has not yet heard whether plaintiffs intend to appeal Judge Alicemarie Stotler's decision. The company's stock closed Monday at $3.
BUSINESS
June 26, 1999 | P.J. HUFFSTUTTER, TIMES STAFF WRITER
Sync Research Inc., once a Wall Street star, has fallen on such hard times that it is battling to keep from being thrown off the Nasdaq national market. The Irvine network-device maker said Friday it plans a reverse stock split in an effort to push its shares high enough to stave off delisting. On Monday, the company expects to implement a reverse 1-for-5 stock split, shrinking its outstanding 17.5 million shares to 3.5 million, said William Guerry, Sync's chief financial officer.
BUSINESS
April 12, 2000 | KAREN KAPLAN, TIMES STAFF WRITER
Sync Research Inc., a struggling maker of computer networking gear in Irvine, has agreed to merge with a subsidiary of Santa Monica optical networking firm Osicom Technologies, the companies said Tuesday. Osicom and Sync shareholders will each own 50% of the combined company, to be called Entrada Networks. A spokesman for Sync said the new operation will be based in Irvine, and that no layoffs are planned. There was no word on when the deal will close.
BUSINESS
November 11, 1995 | JAMES S. GRANELLI, TIMES STAFF WRITER
The value of Sync Research Inc. stock more than doubled Friday in its first day of public trading as Wall Street investors snatched up the computer networking company's white-hot $78-million initial offering. The stock, which the Irvine maker of hardware and software products sold to underwriters at $20 a share, rose to $48.875 a share before settling back a bit in Nasdaq trading to close at $44. The 941,750 shares that founder John H. Rademaker hung onto were worth $41.
Los Angeles Times Articles
|