Electroglas plans to sell shares in public offer; General Signal subsidiary sets program in motion despite drop in results

Article Abstract:

General Signal Corp subsidiary Electroglas Inc is laying plans for an initial public offering despite tumbling sales and earnings. The maker of automatic semiconductor-wafer probing equipment posted 1992 earnings of $4.4 million, 36 percent less than its 1991 earnings, and sales of $55 million, down 8 percent from $59 million in 1991. Electroglas blames the falling figures on weak demand for semiconductors. In a filing with the Securities and Exchange Commission, the company proposes to sell 4,960,000 shares of common stock in the United States and 1,240,000 shares abroad. At an estimated price of $13 to $15, the sale would give Electroglas' 6.8 million shares a market value of $88 million to $102 million. After the public offering, General Signal would retain an 8.8 percent interest in Electroglas. In the filing, Electroglas says it faces stiff competition from two Japanese firms, Tokyo Seimitsu Co and Tokyo Electron Ltd, and it will have to keep up investment in research and development, engineering and marketing if it is to penetrate foreign markets.

Semiconductors and related devices, Special industry machinery, not elsewhere classified, Instrument industry (Equipment), Testing and measuring equipment industry, Securities, Semiconductor production equipment, Test Equipment, Public Offerings, Electroglas Inc.

---

Optical Data Corp. marries technology with education: video textbooks: playing now in Texas classrooms, contents may vary

Article Abstract:

Optical Data Corp has a $12 million contract to supply videodisk-based textbooks for use in Texas schools. Optical Data's products not only bring high-tech videodisk technology to the classroom, but the products are innovative in incorporating new software that allows a teacher to design and configure a curriculum as well. Materials can be edited or censored, depending on what a teacher wants to emphasize. Optical Data worked with the difficult and politically complex Texas textbook-buying process for two years before the company finally was able to sell its 'Windows on Science' textbook. Much promotion was required, and the product had to be modified. Finally, the company's efforts were rewarded: Optical Data Corp managed to get almost 35 percent of Texas's science-textbook budget, which was $40 million in 1991. Optical Data's revenues almost tripled in 1991, rising to $27 million from $9.2 million.

Miscellaneous publishing, Usage, Innovations, Product information, Marketing, High technology, Education, Contracts, Electronic publishing, Texas, Textbooks, Videodisk players, High technology and education, Videodisc Systems, Optical Publishing, Optical Data Corp.

---

Similar abstracts:

• Abstracts: Shares remain the best long-term investment despite slowing market. Equitilink twins enter a new age
• Abstracts: The implications of individual differences in reference price utilization for designing effective price communications
• Abstracts: M-labeled digraphs: an aid to the use of structural and simulation models. M-Labeled Digraphs: An Aid to the Use of Structural and Simulation Models
• Abstracts: A public choice approach to motivating people in bureaucratic organizations. Managing complexity through consensus mapping: technology for the structuring of group decisions
• Abstracts: The context and process of organizational transformation - Cadbury Limited in its sector. Predicting the performance of international joint ventures: An investigation in China

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.