August 25, 1992 |
Jugi Tandon is no stranger to financial scrapes. Good thing, because he's in another one. Tandon is chairman, president and founder of Tandon Corp., a Moorpark-based company that formerly was one of the world's top makers of disk-drive data-storage products for computers. He abandoned that business in the mid-1980s after an industry slump, Japanese rivals and other problems battered his company and left it with nearly $200 million in losses. Tandon, a flamboyant, U.S.
November 10, 1992 |
Tandon Corp. says it plans to end most of its U.S. operations and focus on selling its personal computers in Europe, a shift that so far has forced the layoff of 125 American workers. The realignment is the latest effort by Moorpark-based Tandon to stanch huge losses in recent years, which have been exacerbated by an intense price war in the personal-computer (PC) industry. Tandon, which has been selling about 80% of its products in Europe and 20% in the United States, lost $18.
February 20, 1990
Tandon Corp. said it earned $5.32 million in the fourth quarter of 1989, rebounding from a year-earlier loss of $21.1 million. The Moorpark maker of personal computers, most of which are sold in Europe, said the improved results came on a 15% gain in sales, to $103.7 million from $90.3 million a year earlier. Tandon said the latest earnings partly reflected increased sales of its more expensive personal computers, which carried higher profit margins. For all of 1989, however, Tandon lost $4.
February 8, 1994 |
NMB Technologies Inc., a Chatsworth firm that was hit hard by the temblor, benefited from the misfortunes of TSL Holdings Inc., the troubled Moorpark computer maker that was formerly called Tandon Corp. The day after the quake, with NMB's main plant reduced to shambles, an NMB executive recalled that Tandon had filed for bankruptcy protection and that its large, modern plant was vacant.
December 13, 1989
Tandon Corp., a troubled Moorpark personal computer manufacturer, said it plans to lay off 60 workers at its headquarters Jan. 12 as part of its continuing reduction of domestic operations. Tandon, which has laid off 240 workers this year, will be left with 300 employees in the United States and 400 in Europe. Company spokesman Mike Sanders said Tandon will continue to focus its efforts on Europe, which accounted for 88% of its sales during the first nine months of 1989.
March 19, 1987
The 2.5-pound device, believed to be the first of its kind, stores data for personal computers on a hard, 3.5-inch disk and can be removed for use in other similarly equipped computers. Executives with the Chatsworth-based computer products company said Xerox provided $6 million of the $10 million development costs in exchange for an option to buy the product at a discount later.