| Business Summary | | MagStar
Technologies,
Inc.,
formerly
known
as
Reuter
Manufacturing,
Inc.,
principally
is
a
contract
manufacturer
of
precision-machined
components,
assemblies
and
devices
for
medical
and
industrial
original
equipment
manufacturers
(OEM).
MagStar
Technologies
manufactures
on
a
contract
basis,
close
tolerance
bearing-related
assemblies
for
the
medical
device
industry.
In
order
to
differentiate
itself
from
its
competitors,
the
Company
emphasizes
its
design
engineering
and
manufacturing
engineering
capability
and
support.
The
Company
also
manufactures
and
sells,
under
the
Reuter
name,
self-powered
oil
centrifuges
and
hydraulic
actuators,
which
are
sold
by
its
sales
force
and
distributor
network
to
OEMs,
end
users
and
distributors. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | MagStar
Technologies,
Inc.
is
principally
a
contract
manufacturer
of
precision
machined
components,
assemblies
and
devices
for
medical
and
industrial
original
equipment
manufacturers.
For
the
six
months
ended
6/30/01,
net
sales
fell
14%
to
$5.1
million.
Net
loss
totaled
$2.2
million,
up
from
$322
thousand.
Revenues
reflect
reduced
sales
to
the
Company's
largest
medical
product
customer.
Loss
also
reflects
negative
margins
and
increased
personnel
expenses. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| R. McNamara, 67 Chairman | -- | Michael Tate, 61 Pres,
CEO, Chief Financial Officer, Director | $154K | Brian Kempski, 45 Exec.
VP of Sales and Marketing | 117K | Lou Matjasko, 60 VP-Operations | -- | J. Reissner, 60 Sec.,
Director | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|