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From Times Staff and Wire Reports

DMI Inc. Begins Trading on NASDAQ: DMI Inc., a supplier of optical-disk archives for small computer systems, began trading Wednesday on the NASDAQ market. The Irvine-based company hopes the listing of its stock on the National Association of Securities Dealers Automated Quotation system will make DMI’s shares more attractive to investors by making them easier to buy and sell, said Barry Sugden, DMI’s chief financial officer. The listing should also simplify raising capital in the future, he said. DMI, with $3.7 million in cash and $4.2 million in other assets, is positioning itself for further sales in 1993 by expanding its record-keeping systems to computers using the UNIX operating system and by increasing its network of independent representatives selling the products, Sugden said. The 6-year-old company did not begin full-scale marketing of its data storage and retrieval systems until this year and is not expected to return a profit until 1993, he said. The data storage industry is expected to have $12 billion in sales by 1996, he said. On its first day of NASDAQ trading, DMI’s stock closed at $3.75 a share, up 25 cents.

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