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Article: CXR reports second-quarter, six-months results.
- Article from:
- PR Newswire
- Article date:
- February 2, 1990
CopyrightCOPYRIGHT 1990 PR Newswire Association LLC. 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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CXR REPORTS SECOND-QUARTER, SIX-MONTHS RESULTS
SAN JOSE, Calif., Feb. 2 /PRNewswire/ -- CXR Corporation (AMEX: CXR), today reported results for the second quarter and six months ended Dec. 31, 1989.
"The results were impacted by costs associated with the merger of CXR Corporation with Digilog, Inc., and subsequent related consolidation costs. The benefits from the streamlining of operations will begin to appear in the second half of this year," F. Jack Gorry, president and chief executive officer, said.
For the second quarter, the company had a net loss of $1,440,000 (after one-time merger and restructuring costs of $1,335,000), or 19 ...
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