MTI Technology Corp.: The Anaheim maker of...
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MTI Technology Corp.: The Anaheim maker of computer-storage systems said Wednesday it lost $4.3 million, or 22 cents a share, in the fiscal first quarter ended July 1, compared to a loss of $682,000, or 4 cents a share, in the same period last year. Revenue remained unchanged at $33.6 million. MTI attributed the loss primarily to reduced revenue from Boeing Information Services, discontinuance of the company’s FailSafe product line as well as continued competition in the digital market.
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