Pinnacle Micro Inc.: The Irvine manufacturer of...

Pinnacle Micro Inc.: The Irvine manufacturer of optical storage systems posted a profit of $828,800 for the third quarter. That compared to earnings of $517,800 for the same period last year. Sales increased 55% to $10.1 million from $6.5 million. Profit for the year to date increased to $2 million from $494,800. Nine-month sales rose 85% to $28 million from $15.1 million. The company completed its initial public offering of 1.8 million shares of common stock on July 1.