Advertisement

SCIENCE/TECHNOLOGY : Micro Technology Proves an Exception to Recession’s Rule

Share
Compiled by Dean Takahashi / Times staff writer

Micro Technology Inc., an Anaheim computer products company, hasn’t suffered much from the recession or a prolonged slump in the mid-range computer market that it serves.

Steve Hamerslag, president and chief executive, said the company expects to report earnings of about $8.5 million for its fiscal year ended March 31, up 25% from $6.8 million for the year-earlier period.

Revenue was $85 million, up 57% from $54 million a year earlier. The increase came mainly from sales of new products, including a software program that helps managers control the flow of data on large computer networks, and a storage system that transfers data from a magnetic hard-disk drive to an optical disk library.

Advertisement

Sales were weak in January and February but bounced back in March, allowing the company to reach $25 million in sales for the fourth quarter, up 50% from $16.7 million a year earlier, Hamerslag said.

“The mid-range market is soft, but if companies can pull off their strategies, they can be successful,” he said.

Hamerslag said he expects several big product introductions this year in the company’s core markets, including a network connectivity product for the Digital Equipment Corp. minicomputer market.

Advertisement