ORANGE COUNTY
Toshiba America Inc. announced the establishment of a disk products division to market the company’s 8- and 5.25-inch Winchester disk drives to original equipment manufacturers in the United States.
With the demise of Memorex Corp.’s OEM group, Toshiba bought back the exclusive U.S. rights for its 8-inch disk drives, which it had granted to Memorex in 1983, and also recruited Frank Buckley, vice president of the Memorex OEM group, to be vice president and general manager of the new division.
It is a part of Toshiba’s industrial electronics business sector and will be headquartered in Tustin, with sales management and marketing located in San Jose.
Joining Buckley at the new Disk Products Division are Warren Mix, vice president of sales; Barry Donahue, director of marketing; and Philip Parise, director of operations, all formerly associated with Memorex in similar capacities.
Toshiba America Inc. is a wholly owned subsidiary of Toshiba Corp. of Japan, and sells electronics and consumer products.
Fluor Ocean Services International Inc. of Houston, a unit of Fluor Corp. of Irvine, has been hired to provide engineering and technical support to Samsung Shipbuilding & Heavy Industries Co. Ltd. of Seoul, Korea, for an offshore oil drilling platform contract awarded to Samsung by Esso Production Malaysia.
Samsung and Fluor recently signed a long-term agreement to design and make offshore platforms at Samsung’s offshore division yard at Koje Island, Korea.
Baker International Corp., an oil services company based in Orange, Friday said the company’s board of directors has authorized the purchase of an additional 2 million shares of the Baker stock. This approval will permit purchases by the company of a total of 3 million of its 71 million shares.
The shares, if acquired, will be used for general corporate purposes, including employee stock purchase and option plans. Goldman, Sachs & Co. is the corporation’s exclusive agent for the purchase of these shares.
AirCal’s board of directors declared a dividend of 35-2/3 cents per share on its preferred stock, payable July 15 to shareholders of record July 1. The western regional airline has 3,680,000 shares outstanding and will pay out approximately $1.3 million in dividends. This is the first dividend to be paid since the shares were issued last March.
