Pinnacle Micro Inc.: The Irvine data storage...

Pinnacle Micro Inc.: The Irvine data storage systems company posted a net loss of $2.5 million, or 31 cents a share, for 1995, contrasted with net income of $2.7 million, or 35 cents a share, for the previous year. Included in the 1995 results were expenses of $2.1 million for nonrecurring accounting and legal services and settlement expenses related to a class-action securities lawsuit. Those expenses totaled $696,000 in 1994. Sales gained 25% to $81.8 million from $65.4 million.