| Business Summary | | Pinnacle
Micro,
Inc.,
is
a
supplier
and
reseller
of
removable
optical
storage
systems.
The
Company's
products
read
from
and
write
data
to
optical
media.
In
1996,
the
Company
changed
its
core
business
from
reselling
products
manufactured
by
others
to
research,
development
and
manufacturing.
During
1997,
the
Company
closed
its
research
and
development
capabilities.
The
Company's
manufactured
products
range
from
the
Vertex
2.6
GB
(GB)
drive
to
its
4.5
terabyte
multiple
disk
optical
library
systems
(optical
library).
The
Company
resells,
under
its
own
brand
name,
compact
disc
(CD)
recording
systems
manufactured
by
others.
On
April
20,
2000,
the
Company
filed,
in
the
United
States
Bankruptcy
Court
for
the
Central
District
of
California,
Santa
Ana
division,
a
voluntary
petition
for
reorganization
under
Chapter
11
of
Title
11
of
the
United
States
Bankruptcy
Code. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Pinnacle
Micro,
Inc.
is
a
designer,
manufacturer,
supplier
and
reseller
of
removable
optical
storage
systems,
with
products
ranging
from
the
2.6
gigabyte
Vertex
drive
to
4.5
terabyte
multiple
disk
optical
library
systems.
For
the
fiscal
year
ended
12/25/99,
net
sales
fell
38%
to
$6.6
million.
Net
loss
fell
34%
to
$3
million.
Revenues
reflect
decreased
unit
sales
due
to
increased
competition.
Lower
loss
reflects
reduced
advertising
and
promotional
expenditures. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1999 Pay | |
| William Blum Pres,
CEO, Chief Financial Officer | $157K | Chuck McGee VP-Admin., Director of HR | -- | Dollar
amounts are as of 25-Dec-1999 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
|
|