Personal Computer Products Inc. of Rancho Bernardo...

Personal Computer Products Inc. of Rancho Bernardo said it expects to report a loss of $195,000 on revenue of about $1.2 million for the third quarter ended March 31, compared with a $169,000 loss on $564,000 revenue for the year-ago quarter. To bolster its capital, PCPI also completed a private placement of $4.2 million in convertible preferred stock through underwriter H.R. Kenning Investments Inc. of Atlanta. Net proceeds to PCPI, which makes laser printer products for personal computers, were $3.8 million. Some of the proceeds will be used to repay PCPI’s entire $650,000 bank indebtedness. For the year to date, PCPI expects to report a loss of $325,000 on revenue of $3.9 million, compared with a loss of $584,000 on revenue of $1.8 million over the same nine months last year. PCPI also announced that Thomas J. Tranchina has been named chief financial officer, replacing Glenn R. Zinser. Tranchina was chief financial officer at Spectragraphics Corp.