TECHNOLOGY & TELECOMMUNICATIONS
<i> Times Staff and Wire Reports</i>
AST Posts $31.6-Million Loss: The fourth quarter loss by the Irvine-based firm could have placed it in technical default under its bank credit agreements. But last week, AST said that banks extended waivers for an undisclosed amount in technical defaults. In its fiscal fourth quarter, which ended July 1, AST Research Inc. posted a net loss of $31.6 million, or 98 cents a share, compared to a loss of $8.1 million, or 25 cents a share, reported in the year-ago period. Revenue rose 13% to $662 million from $584.5 million. The company cited lower-than-expected domestic demand and pricing pressures in the fourth quarter.
