Browse archives: 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995

Published on 08/17/1998 All articles from this issue

Business Briefs

printer friendly version

Catalytica announces positive earnings

Catalytica, Inc. (Nasdaq: CTAL), a Town Crier Stock Index company based in Mountain View, has announced revenues of $188.2 million for the first half of 1998. This is substantially above the $12.5 million reported for the first half of 1997. Net income for the six months was $9.3 million, or 15 cents per share, compared with a net loss of $4.2 million, or $21 cents per share, in the first six months of 1997.

During the second quarter of 1998, Catalytica Pharmaceuticals announced an expansion of its supply agreement with Glaxo Wellcome. The original 5-year, $800 million agreement was an integral component of Catalytica's 1997 acquisition of Glaxo's manufacturing facility.

This month, Catalytica Pharmaceuticals announced a new agreement with CV Therapeutics (Nasdaq: CVTX) for supply of a sustained-release tablet form of Ranolazine, which is currently in Phase III clinical trails for treatment of angina.

Waterwheel Software product announcement

Waterwheel Software of Los Altos announced the release of Tracker 6, the latest version of the company's tested tool and equipment control software for the construction industry.

According to Waterwheel President Fred Cummins, Tracker features include automated billing, bar coding, and supply and small-tool tracking. "With Tracker 6, we've focused on ease of use," he said.

The company said Tracker licensees have experienced savings on tool purchase of 50 percent and time savings of 20-30 hours per week using the software. Waterwheel's modular Tracker software allows contractors to pick and choose the capabilities they need. The firm backs up its products with free, unlimited, toll-free telephone support.

Waterwheel, on Main Street in Los Altos, has focused on the construction tool and equipment control business for seven years.

Hewlett-Packard reports earnings

Hewlett-Packard, a Town Crier Stock Index company, last week reported a 1 percent increase in net earnings and 5 percent revenue growth for the 1998 fiscal year's third quarter, which ended July 31. Net earnings for the quarter were $621 million, compared with $617 million in last year's third quarter. Earnings per share were unchanged at 58 cents.

Net revenue for the quarter was $11 billion, compared with $10.5 billion in third-quarter 1997. Net revenue increased 9 percent in the United States and 7 percent in Europe. In Asia Pacific, revenue declined 13 percent in dollars, and was flat in local currency. Orders in the United States grew 4 percent compared with the same period a year ago.