MTI Net Income Declines 12%

MTI Technology Corp.: The Anaheim-based provider of data storage servers reported that net income for the fiscal first quarter fell 12% to $3.6 million, or 12 cents a share, from the $4.1 million, or 14 cents a share, for the same quarter of the previous year. Revenue for the three months ended July 3 was up 8% to $53.2 million from $49.4 million.