March 25, 1990
Jim McNally has been appointed executive vice president of operations and strategic planning for Sync Research Inc., Tustin. He joined the telecommunications company in 1988 as vice president of strategic planning and business development. McNally was formerly with Doelz Networks in Irvine, serving most recently as vice president of marketing. Before that, he was vice president of engineering at Amdahl Communications System division in Marina del Rey.
August 27, 1996
Sync Research Inc. completed its acquisition of privately held TyLink Corp. of Norton, Mass., for 2.78 million shares of stock worth about $40 million, and $4 million cash. Sync Research, which provides computer networking software for customers of International Business Machines Corp.'s networks, said it will report combined financial results for the quarter ending Sept. 30, although the companies operated separately until last Thursday. TyLink develops high-speed communications products.
September 24, 1997
Sync Research Inc. shares fell 27% after the company said it expects a wider-than-expected loss for the third quarter and revenue below analysts' expectations. Shares of the Irvine-based network software company fell $1.31 to close at $3.63 on Nasdaq. Sync said it expects a third-quarter loss of between $3.7 million and $4.5 million, or 21 cents to 26 cents a share, on revenue of $5.7 million to $6.3 million. Analysts had expected the company to post a loss of 11 cents per share.
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.
July 23, 1998
Sync Research Inc.: The Irvine maker of computer network products lost $3 million, or 17 cents a share, in the second quarter, the same as it lost a year earlier. The second quarter 1998 results included a provision of $267,000 related to onetime costs associated with the company's recent management changes. Revenue increased 13% to $7.1 million from $6.3 million. The net loss for the six months was $6.2 million, or 36 cents a share, compared to a net loss of $9.
September 26, 1996
Sync Research Inc. stock rose 14% after the company said it signed a contract to supply a subsidiary of Canada's Northern Telecom Ltd. with high-speed data transfer equipment for use in Europe. Sync shares climbed $2.125 to $17 in trading of 509,300 shares, almost triple the three-month daily average on the Nasdaq market. Sync will supply equipment to Nortel, a unit of Brampton, Ontario-based Northern Telecom.