Alpha Micro Loses $870,000 in 1st Quarter

Alpha Microsystems, an Irvine manufacturer of business computer systems, reported a loss of $870,000 for the first quarter ended May 26, in contrast with a $983,000 profit posted for the same period in 1984. Revenues declined to $12.3 million from $13.5 million in the like period last year.

Richard Cortese, president and chief executive, said "a continuing soft computer market and unfavorable foreign currency fluctuations" contributed to the first-quarter loss, which he said was not unexpected.

"We anticipated the possibility of short-term losses for the first half of fiscal 1986 as we continue to fund several new projects, including the start-up of our Video Technology Division," he said.

Alpha Micro officials said the 8-year-old company is prepared to withstand a couple of slack quarters now in order to be in a better business posture by the end of our fiscal year.

"Many companies get into trouble because they abandon sound, long-term strategies to improve the short-term picture. We're committed to long-term profit growth," Cortese said.

Copyright © 2019, Los Angeles Times
EDITION: California | U.S. & World
62°