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Article: New York-Based Wire Firm Loses Money, Due in Part to Fort Wayne, Ind., Branch.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- February 14, 2001
CopyrightCOPYRIGHT 2001 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Doug LeDuc, The News-Sentinel, Fort Wayne, Ind. Knight Ridder/Tribune Business News
Feb. 14--FORT WAYNE, Ind.--Superior TeleCom Inc. lost $9.4 million for the fourth quarter and $2.1 million for 2000.
The parent company of Superior Essex blamed the loss partially on one-time charges, including some incurred by the Fort Wayne-based Industrial Products Group.
The company said Tuesday it lost $0.11 per share for the year and a 14 cents per share for the quarter. The New York-based wire and cable manufacturer earned $37.2 million, or $3.01 per share, during 1999, including $2.8 million, or 49 cents per share, during the fourth quarter of ...
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