Irvine’s I/OMagic Posts Profit for 4th Quarter

I/OMagic Corp., Irvine developer and marketer of peripheral personal computer products, posted a profit of $972,563, or 3 cents a share, for the fourth quarter, contrasted with a net loss of $327,358, or 2 cents a share, for the same period in 1998. Sales rose to a record $19.4 million from $5.3 million.