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Voxel Company

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BUSINESS
August 8, 1998 | BARBARA MARSH, TIMES STAFF WRITER
Struggling Voxel said Friday that it plans to sell off its operations after failing to work out a plan to reorganize itself under protection of federal bankruptcy court. Nanette Sanders, a lawyer for the Laguna Hills company, said creditors refused to accept the company's plan to reorganize itself under the direction of Alan Wolfe, its chief executive.
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BUSINESS
May 27, 1998 | LESLIE EARNEST, SPECIAL TO THE TIMES
Medical device maker Voxel, still reeling from an unfavorable arbitration ruling, said Tuesday it has laid off about 25% of its workers and is accelerating its search for a corporate partnership to generate cash. The Laguna Hills company said it is also shelving "less essential" marketing and administrative activities to devote its resources to completing the development of its core product, a machine that makes 3-D X-rays.
BUSINESS
June 3, 1998 | BARBARA MARSH, TIMES STAFF WRITER
Voxel said Tuesday it filed for reorganization in federal bankruptcy court in Santa Ana, citing its inability to negotiate a plan to pay a recent $1.9-million judgment. The Laguna Hills company, which is developing a medical system that generates three-dimensional X-rays of the human body, said it failed to settle on a payment schedule with General Scanning Inc., which won the award. Even without the judgment, Voxel's debts of $2.6 million exceeded its assets of $2.
BUSINESS
March 6, 1997
Voxel, which is developing a system that produces three-dimensional X-rays, reported a net loss of $6.4 million, or $1.02 a share, for 1996, compared with a net loss of $5.6 million, or $1.33 a share, for 1995. For the fourth quarter, the company lost $1.4 million, or 17 cents a share, compared with a net loss of $1.7 million, or 39 cents a share, for the same period a year earlier. No revenue was recorded.
BUSINESS
June 18, 1996
Voxel filed a registration with the Securities and Exchange Commission for a proposed public offering of 2.3 million common shares, all of which will be sold by the company.
BUSINESS
May 27, 1998 | LESLIE EARNEST, SPECIAL TO THE TIMES
Medical device maker Voxel, still reeling from an unfavorable arbitration ruling, said Tuesday it has laid off about 25% of its workers and is accelerating its search for a corporate partnership to generate cash. The Laguna Hills company said it is also shelving "less essential" marketing and administrative activities to devote its resources to completing the development of its core product, a machine that makes 3-D X-rays.
BUSINESS
May 12, 1998 | P.J. HUFFSTUTTER, TIMES STAFF WRITER
Medical device maker Voxel's stock price plummeted more than 60% on Monday, after an arbitration panel ruled against the Laguna Hills company and awarded a $1.9-million judgment to a competitor. Voxel, which develops a high-tech diagnostic system that takes 3-D X-rays, watched as its stock dropped $3, closing at a 52-week low of $1.94 a share in heavy trading. A total of 1.
BUSINESS
March 6, 1997
Voxel, which is developing a system that produces three-dimensional X-rays, reported a net loss of $6.4 million, or $1.02 a share, for 1996, compared with a net loss of $5.6 million, or $1.33 a share, for 1995. For the fourth quarter, the company lost $1.4 million, or 17 cents a share, compared with a net loss of $1.7 million, or 39 cents a share, for the same period a year earlier. No revenue was recorded.
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