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Terminal Data Corp

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BUSINESS
July 2, 1991
Terminal Data Corp., a Moorpark supplier of document imaging products, said it has received orders totaling $2.2 million from BTI Systems Inc., a wholly owned subsidiary of BancTec Inc., based in Texas. The orders were mainly for Terminal Data's recently released high-speed microfilm device used by banks to process and document checks, the company said.
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BUSINESS
December 28, 1993 | Jack Searles
Terminal Data Corp., a Moorpark producer of document-storage systems for financial firms and other customers, has agreed to be acquired by a Dallas company, BancTec Inc., for a reported $25 million in cash. The fate of TDC's 180 employees is undecided, a BancTec official said, but a TDC source, who requested anonymity, said its manufacturing operations will probably be moved to Oklahoma City, with some employees being offered a chance to relocate.
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BUSINESS
April 27, 1993
Terminal Data Corp., a Moorpark maker of scanners and document-imaging equipment, said it lost $486,000 in its fiscal second quarter ended March 31, compared to a loss of $187,000 a year earlier. The latest loss came on a 19% drop in quarterly sales, to $4.67 million from $5.75 million a year earlier. The company attributed some of the decline to lower shipments of spare parts.
BUSINESS
December 7, 1993
Terminal Data Corp., a Moorpark supplier of document-imaging products and services, reported losses for its fiscal fourth quarter and year ended Sept. 30. The company attributed the losses to a $1.28-million charge recorded in the fourth quarter for unused leased space at its Moorpark facility. It also added $694,000 to its reserves for potential excess and obsolete inventory. Terminal Data's fourth-quarter loss was $2.4 million, in contrast with a year-earlier profit of $177,000.
BUSINESS
December 28, 1993 | Jack Searles
Terminal Data Corp., a Moorpark producer of document-storage systems for financial firms and other customers, has agreed to be acquired by a Dallas company, BancTec Inc., for a reported $25 million in cash. The fate of TDC's 180 employees is undecided, a BancTec official said, but a TDC source, who requested anonymity, said its manufacturing operations will probably be moved to Oklahoma City, with some employees being offered a chance to relocate.
BUSINESS
January 14, 1988
David Krar Hutton has been named chief executive of Terminal Data Corp., effective Feb. 1, to succeed Michael Rothbart, who remains chairman. Krar Hutton previously worked for NCR Corp., most recently as general manager of the financial systems division, engineering and manufacturing operation in Ontario, Canada. Terminal Data Corp., based in Simi Valley, designs and manufactures automated micrographic and electronic document image processing products.
BUSINESS
April 28, 1992
Terminal Data Corp., a Moorpark supplier of document imaging products and services, said it has received a five-year contract from the U. S. State Department worth $7.5 million. The contract calls for Terminal Data to provide maintenance services on computers and other equipment used in the issuance of passports.
BUSINESS
June 11, 1991
Terminal Data Corp., a Moorpark company that makes document scanners and other imaging equipment, said it received a "large" order from a Dutch concern. It did not disclose the value of the deal. The company said the order, from Philips Information Systems, is for 12 document scanners. It said the scanners would be shipped this year.
BUSINESS
June 16, 1992
Terminal Data Corp. in Moorpark said it has been chosen to provide scanning systems to Siemens Nixdorf Informationsysteme AG of Germany, which will integrate the scanners into its document-imaging systems. Terminal Data said it is not yet known how many scanners Siemens Nixdorf will order, because it has signed an open contract under which Terminal Data will supply equipment as demand warrants.
BUSINESS
January 15, 1991
Terminal Data Corp., a financially troubled Moorpark maker of data storage devices, said it received an order worth more than $400,000 from INET of Bethesda, Md. Terminal Data will provide INET with devices that convert paper documents and microfiche into images that can be stored electronically and used by computers. INET plans to use the devices for converting Army personnel records to computer form.
BUSINESS
October 19, 1993 | JACK SEARLES
Terminal Data Corp. of Moorpark has received more than $3 million in follow-on orders for its document microfilmers and scanners. NCR Corp., a subsidiary of American Telephone & Telegraph Co., ordered an additional $2.6 million worth of ScannerMate Recorders for use in systems that process checks and records of credit-card transactions. And PRC Inc., a unit of Black & Decker Corp., ordered $500,000 worth of scanners to be used in processing Army and Navy records.
BUSINESS
August 10, 1993
Terminal Data Corp., a Moorpark maker of scanners and document-imaging equipment, said it earned a $40,000 fiscal third-quarter profit contrasted with a year-earlier loss of $251,000. In the three months ended June 30, Terminal Data's revenue rose 9%, to $5.6 million from $5.1 million. For the first nine months of fiscal 1993, the company posted a loss of $870,000 contrasted with a loss of $709,000 a year earlier. Revenue fell 5%, to $14.9 million contrasted with $15.7 million a year earlier.
BUSINESS
November 24, 1992
Terminal Data Corp., a Moorpark supplier of document imaging products and services, reported a 65% increase in profit during its fiscal fourth quarter ended Sept. 30, to $173,000 from $105,000 a year earlier. The profit came despite a 13% drop in revenue, to $5.1 million from $5.35 million a year earlier. For the 12 months ended Sept. 30, Terminal Data showed a loss of $532,000 on sales of $20.8 million, compared with a loss of $1.8 million on revenue of $21.
BUSINESS
October 13, 1992 | JACK SEARLES
Terminal Data Corp. of Moorpark said its new DocuScan 2610W scanner has been chosen as a compatible unit in International Business Machines' Image and Records Management System. The scanner, which was introduced in June, can "capture" up to 50 double-sided pages of data per minute, Terminal Data said. The data can then be stored and used in such procedures as check printing and letter writing. "We consider this a major marketing breakthrough," said Terminal Data spokeswoman Marian Klein.
BUSINESS
August 18, 1992 | JACK SEARLES
Terminal Data Corp. of Moorpark has received a $2.9-million order from NCR Corp. for ScannerMate Recorder microfilming systems. ScannerMate is a key element in NCR's financial transaction processing systems. The Moorpark company's microfilmers are widely used by banks, credit card companies, utilities and others needing to store large amounts of computerized financial data. TDC said the order is the largest ever placed by NCR since it began using ScannerMate 15 years ago.
BUSINESS
May 1, 1992
Terminal Data Corp. said Jackson W. Smart Jr. has been elected chairman of the Moorpark-based company. Smart fills the vacancy created by the death of Richard M. Drysdale last month. Smart, 61, has been a director of the company since January. He is the chairman and chief executive of MSP Communications, a radio broadcasting company based in Chicago.
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