Select Software Tools: The Irvine modeling tools...

Select Software Tools: The Irvine modeling tools vendor incurred a net loss of $253,000, or 2 cents a share, for the second quarter, contrasted with net income of $245,000, or 3 cents a share, for the comparable 1996 quarter. Revenue climbed 82% to $6.2 million from $3.4 million. The company said it increased its investment in research and development and global sales and marketing activities. For the first half of 1997, net income more than doubled to $276,000, or 3 cents a share, from $125,000, or 1 cent a share, for the same period in 1996. Revenue rose to $12.3 million from $5.9 million.