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.
November 17, 1999
The Lake Forest wireless data-communications company posted a third quarter net loss of $268,000, or 3 cents a share, compared with a net loss of $306,000, or 3 cents a share, for the like period last year. Sales rose to $2.7 million from $606,000.
May 4, 2000
Lake Forest-based Telenetics Corp. said Wednesday it completed its acquisition of Racon Inc., a Seattle-based supplier of microwave products. Financial terms were not disclosed. Telenetics makes data-communications products.
April 25, 1999
Telenetics Corp., a Lake Forest manufacturer of data-communications products, reported net income of $400,386 for the first quarter, up from the $44,400 posted for the same period last year. Sales climbed to $3.8 million from $960,000.