Alpharel Stock Transfer is Made to Denver Firm

Michael McGovern--the founder of Alpharel in Camarillo--said he has transferred 150,000 of his shares in the troubled data storage firm to Eatherton & Co. in Denver. The stock transfer was a payment for consulting services Eatherton provided to McGovern, who was considering launching a proxy battle to regain control of the company after being ousted as its chairman. McGovern dropped his plans in April after he and the company reached agreement.