Procom Technology Sees 4th-Quarter Loss

Procom Technology Inc., an Irvine provider of data storage products, reported a fourth-quarter net loss of $1.2 million, or 11 cents a share, compared with a net loss of $1.3 million, or 12 cents a share, for the fourth quarter of fiscal 1999. Revenue for the quarter ended July 31 declined 41% to $14.2 million. For the year, the company posted a net loss of $8 million, or 70 cents a share, compared to a net loss of $2.9 million, or 26 cents a share, the previous year. Revenue dropped 38% to $63.2 million.