Tandon Corp.: The Moorpark, Calif.-based computer company...

Tandon Corp.: The Moorpark, Calif.-based computer company reported a loss of $9.9 million for the first quarter ended March 31, compared to a $7.16 million profit a year earlier. Tandon also reported that revenues rose 15% to $92.7 million. Tandon said that 89% of overall first-quarter revenues were accounted for by sales of personal computer systems and subsystems in Europe, which remained its predominant market. Tandon attributed some of the loss to the scaling back of its of U.S. operations so that it could function more cost-effectively and to the strengthened value of the U.S. dollar against European currencies compared to the first quarter a year ago, translated into about $5 million fewer dollars earned.