March 22, 2001 |
Telenetics Corp., a Lake Forest provider of industrial-grade modems and wireless products, said Wednesday that it has named Chairman Shala Shashani to the additional positions of chief executive and president. Shashani replaces Terry Parker, who left two months earlier than scheduled for health and personal reasons.
November 4, 1999
Lake Forest-based Telenetics Corp. said Wednesday it agreed to acquire Racon Inc., a Seattle-based supplier of microwave products. Financial terms were not disclosed. The proposed acquisition is expected to close by Dec. 31. In July, Telenetics, a maker of data-communications products, acquired another microwave manufacturing firm, Sierra Digital Communications.
June 6, 1999
Telenetics Corp. said it agreed to acquire Sunnyvale General Devices and Instruments Inc., a Reno, Nev., supplier of communications and network products for the traffic-management industry. Terms were not disclosed. Telenetics, a Lake Forest maker of data-communications products, said it expects the transaction will be completed by the end of the month. Sunnyvale General Devices would be absorbed into Telenetics' Traffic Automation Division.
November 22, 2000 |
Telenetics Corp. said Tuesday it expects its recent licensing agreement with Motorola Inc. to triple 2001 revenue, making the company profitable for the year sooner than the company had expected. Lake Forest-based Telenetics, which provides wireless communications systems, will manufacture, market and further develop Motorola transmission products under the agreement. For the six months ended June 30, Telenetics lost $3.9 million, or 29 cents a share, on revenue of $4.3 million.
December 13, 2000 |
Telenetics Corp. said Tuesday that it expects fourth-quarter revenue to be relatively flat, but the Lake Forest designer of wireless data-communications products said sales the first three months next year should exceed $7 million. Telenetics said in a press release that a recent contract with Motorola Inc. should boost sales. Sales in last year's final quarter were $1.6 million.
September 12, 2000 |
Telenetics Corp., a Lake Forest provider of wireless technologies and products, said Monday that it has named Shala Shashani as chairman and Terry Parker as president and chief executive. The company said in a press release that Shashani and Parker replace Michael Armani, who was named chairman emeritus. Shashani, a major shareholder and director for four years, heads SMC Group, an Orange County management consulting firm. Parker has held various managerial positions with GTE Corp.