View Tech Reports 2% Drop in Revenues for 2nd Quarter

View Tech Inc. in Camarillo reported revenues of $9.4 million for the second quarter ended June 30, a 2% drop from the $9.6 million reported for the second quarter of last year.

The company reported a net loss of $294,000 or 4 cents per diluted share, compared with a loss of $4 million or 60 cents per share after restructuring charges in the second quarter of 1998.

“Our video business is continuing its growth at a rapid pace and improving its earnings on a year-over-year and long-term basis,” said William J. Shea, chief executive officer. “Sales bookings were strong in the second quarter, as reflected in the growth of our backlog and in deferred revenues on the balance sheet.”

The previously announced sale of View Tech’s network division to Cortel USA is expected to be completed by Sept. 30.

View Tech also announced the appointment of Ali Inanilan as chief operating officer. Inanilan joined View Tech in July 1998 as chief administrative officer after spending more than three years with BankBoston Corp. as executive director for finance and 18 years with Coopers & Lybrand.

The company also announced the appointment of Christopher A. Zigmont as chief financial officer. Before joining View Tech, Zigmont held various finance positions during nine years with BankBoston Corp.

View Tech provides video, voice and data products for commercial, federal and state government, medical and education customers.