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Unova Inc

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BUSINESS
April 7, 1998 | Bloomberg News
Unova Inc. said it will buy R&B Machine Tool Co. as it expands its machining centers. The Beverly Hills-based industrial technologies company said the purchase will boost earnings by $60 million within a year. The addition of R&B "is part of our strategy to expand our capabilities further into the market for small- and medium-volume machining centers," said Unova Vice President Clayton A. Williams. Saline, Mich.-based R&B would be combined with Unova's Industrial Automation Systems division.
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BUSINESS
September 16, 2000 | JERRY HIRSCH, TIMES STAFF WRITER
Unova Inc., a Woodland Hills manufacturer of bar-code scanners and manufacturing equipment that has been struggling to integrate new businesses, said Friday that it expects significant losses for the remainder of the year. Shares of Unova, formed in 1994 in the spinoff of several business lines from Litton Industries Inc., fell 32%, or $2.31, to close at $4.94 on the New York Stock Exchange. Its shares have fallen 62% this year.
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BUSINESS
April 8, 1999 | Bloomberg News
Unova Inc. of Beverly Hills has filed suit against Toshiba Corp. in federal court in Los Angeles, alleging that the Japanese firm is infringing Unova patents for long-life battery packs and removable disk drives in laptop computers. The suit says Toshiba, which makes the Satellite, Protege, Libretto and Tecra portable computer lines, and its U.S. agents are wrongfully employing Unova technology. It seeks damages and an injunction against using the technology.
BUSINESS
June 22, 2000 | DAVID KESMODEL, TIMES STAFF WRITER
Shares of Woodland Hills-based Unova Inc. tumbled 24% on Wednesday after the manufacturer said it would consider options for boosting its stock price as it warned of a second-quarter loss of as much as 25 cents a share. Unova, which makes everything from bar-code scanners to manufacturing gear for the automotive industry, said it hired Credit Suisse First Boston to review strategic options but declined Wednesday to state what those may be.
BUSINESS
June 9, 1999 | Bloomberg News
* Unova Inc. shares fell as much as 7% after the maker of machine tools and wireless scanners said it will earn about 6 cents a share in the second quarter, less than half the average of analysts' estimates. Woodland Hills-based Unova fell $1 to close at $13.38 on the New York Stock Exchange. Most of the earnings shortfall is because of outdated automated systems that run the company's Intermec Technologies division.
CALIFORNIA | LOCAL
February 1, 2000
UNOVA Inc. of Woodland Hills reported net income for the fourth quarter ended Dec. 31 of $13.4 million compared with $20.5 million for the same period last year. Revenues rose to $617.6 million compared with $578.4 million. Net earnings for the year ended Dec. 31 dropped to $29.6 million compared with $50.8 million for 1998. Revenues increased to $2.11 billion from $1.66 billion. UNOVA supplies wireless networking technologies and mobile information systems solutions.
BUSINESS
April 8, 1999 | Bloomberg News
Unova Inc. of Beverly Hills sued Toshiba Corp. and its Irvine division in U.S. District Court in Los Angeles, charging that Toshiba--the world's largest maker of portable computers--is using technology protected by Unova patents for long-lasting battery packs and removable disk drives. Unova and its Intermec IP unit say they own 12 U.S. patents issued between 1984 and 1999 for rechargeable batteries and drives. Tokyo-based Toshiba and its U.S.
BUSINESS
August 22, 1998 | From Bloomberg News
Unova Inc., maker of machine tools and automobile manufacturing systems, agreed to buy Cincinnati Milacron Inc.'s tool unit for $178 million in cash to expand its sales beyond the auto industry. Beverly Hills-based Unova, which was spun off from Western Atlas Inc. last October, said the acquisition will add about $500 million in annual sales to its industrial automation systems unit, bringing the company's total sales to nearly $2.5 billion in 1999.
BUSINESS
September 16, 2000 | JERRY HIRSCH, TIMES STAFF WRITER
Unova Inc., a Woodland Hills manufacturer of bar-code scanners and manufacturing equipment that has been struggling to integrate new businesses, said Friday that it expects significant losses for the remainder of the year. Shares of Unova, formed in 1994 in the spinoff of several business lines from Litton Industries Inc., fell 32%, or $2.31, to close at $4.94 on the New York Stock Exchange. Its shares have fallen 62% this year.
BUSINESS
June 22, 2000 | DAVID KESMODEL, TIMES STAFF WRITER
Shares of Woodland Hills-based Unova Inc. tumbled 24% on Wednesday after the manufacturer said it would consider options for boosting its stock price as it warned of a second-quarter loss of as much as 25 cents a share. Unova, which makes everything from bar-code scanners to manufacturing gear for the automotive industry, said it hired Credit Suisse First Boston to review strategic options but declined Wednesday to state what those may be.
CALIFORNIA | LOCAL
February 1, 2000
UNOVA Inc. of Woodland Hills reported net income for the fourth quarter ended Dec. 31 of $13.4 million compared with $20.5 million for the same period last year. Revenues rose to $617.6 million compared with $578.4 million. Net earnings for the year ended Dec. 31 dropped to $29.6 million compared with $50.8 million for 1998. Revenues increased to $2.11 billion from $1.66 billion. UNOVA supplies wireless networking technologies and mobile information systems solutions.
CALIFORNIA | LOCAL
October 26, 1999
Unova, Woodland Hills, reported net income for the third quarter ended Sept. 30 of $9.4 million compared with $13.3 million for the same period last year. Revenues grew to $503.4 million compared with $405.7 million. The company attributed the downturn in part to order delays related to Y2K concerns. UNOVA designs and installs manufacturing systems for the automotive and aerospace industries and develops and produces mobile computers and wireless network systems for the business sector.
BUSINESS
October 21, 1999 | From Times Staff and Wire Reports
Amgen Inc., the world's largest biotechnology company, on Wednesday reported a one-third jump in its quarterly profit and set plans for a stock split and a $2-billion stock buyback. But the firm also warned of slower growth ahead. Thousand Oaks-based Amgen said earnings rose to $300 million, or 56 cents a diluted share, in the quarter ended Sept. 30, from $221 million, or 42 cents, a year ago.
BUSINESS
June 9, 1999 | Bloomberg News
* Unova Inc. shares fell as much as 7% after the maker of machine tools and wireless scanners said it will earn about 6 cents a share in the second quarter, less than half the average of analysts' estimates. Woodland Hills-based Unova fell $1 to close at $13.38 on the New York Stock Exchange. Most of the earnings shortfall is because of outdated automated systems that run the company's Intermec Technologies division.
BUSINESS
April 8, 1999 | Bloomberg News
Unova Inc. of Beverly Hills has filed suit against Toshiba Corp. in federal court in Los Angeles, alleging that the Japanese firm is infringing Unova patents for long-life battery packs and removable disk drives in laptop computers. The suit says Toshiba, which makes the Satellite, Protege, Libretto and Tecra portable computer lines, and its U.S. agents are wrongfully employing Unova technology. It seeks damages and an injunction against using the technology.
BUSINESS
April 8, 1999 | Bloomberg News
Unova Inc. of Beverly Hills sued Toshiba Corp. and its Irvine division in U.S. District Court in Los Angeles, charging that Toshiba--the world's largest maker of portable computers--is using technology protected by Unova patents for long-lasting battery packs and removable disk drives. Unova and its Intermec IP unit say they own 12 U.S. patents issued between 1984 and 1999 for rechargeable batteries and drives. Tokyo-based Toshiba and its U.S.
BUSINESS
October 21, 1999 | From Times Staff and Wire Reports
Amgen Inc., the world's largest biotechnology company, on Wednesday reported a one-third jump in its quarterly profit and set plans for a stock split and a $2-billion stock buyback. But the firm also warned of slower growth ahead. Thousand Oaks-based Amgen said earnings rose to $300 million, or 56 cents a diluted share, in the quarter ended Sept. 30, from $221 million, or 42 cents, a year ago.
CALIFORNIA | LOCAL
October 26, 1999
Unova, Woodland Hills, reported net income for the third quarter ended Sept. 30 of $9.4 million compared with $13.3 million for the same period last year. Revenues grew to $503.4 million compared with $405.7 million. The company attributed the downturn in part to order delays related to Y2K concerns. UNOVA designs and installs manufacturing systems for the automotive and aerospace industries and develops and produces mobile computers and wireless network systems for the business sector.
BUSINESS
August 22, 1998 | From Bloomberg News
Unova Inc., maker of machine tools and automobile manufacturing systems, agreed to buy Cincinnati Milacron Inc.'s tool unit for $178 million in cash to expand its sales beyond the auto industry. Beverly Hills-based Unova, which was spun off from Western Atlas Inc. last October, said the acquisition will add about $500 million in annual sales to its industrial automation systems unit, bringing the company's total sales to nearly $2.5 billion in 1999.
BUSINESS
April 7, 1998 | Bloomberg News
Unova Inc. said it will buy R&B Machine Tool Co. as it expands its machining centers. The Beverly Hills-based industrial technologies company said the purchase will boost earnings by $60 million within a year. The addition of R&B "is part of our strategy to expand our capabilities further into the market for small- and medium-volume machining centers," said Unova Vice President Clayton A. Williams. Saline, Mich.-based R&B would be combined with Unova's Industrial Automation Systems division.
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