Standard Logic Inc.: The Anaheim electronics company...

Standard Logic Inc.: The Anaheim electronics company reported net income of $1 million, or 12 cents per share, for the fiscal year ended Oct. 31. That contrasts with a net loss of $221,247, or 3 cents per share, last year. Revenue more than doubled to $2.5 million from $1.1 million. Net income in the fourth quarter totaled $582,805, or 7 cents per share, on revenue of $1.2 million. For the like period a year ago, the company recorded a net loss of $77,713, or 1 cent per share, on revenue of $450,502. Wes Baumgardner, chairman and chief executive, said operating expenses were reduced by 15% in fiscal 1991.