MTI Technology Corp.: The Anaheim computer products...

MTI Technology Corp.: The Anaheim computer products company said it lost $682,000, or 4 cents a share, for first quarter of fiscal 1995, contrasted with a profit of $281,000, or 2 cents a share, for the like period last year. Revenue for the quarter ended July 2 rose 12% to $33.6 million from $30 million.Separately, MTI said that its board of directors has authorized the company to repurchase up to 1 million shares of its common stock. The shares will be used to meet existing and future requirements of the company’s stock option and stock purchase plans. The company has approximately 19 million shares outstanding.

MTI stock’s price has been slipping steadily since hitting a high of $10 a share on May 5. It closed Thursday at $3.75 a share on the Nasdaq market, off 37 1/2 cents for the day.