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3. Standard & Poor's
Sample Page: Standard & Poor´s Corporation Records
Index to Corporation Records
This Volume Should Contain The Following Sections, in the order Listed:
Yellow Index dated January 1997
Blue Pages dated January 9, 1997
White Pages 9037-9998 & 1523-2878
This section is an index to all basic descriptions in this volume, and to all subsequent news items through November 22, 1996. Reference to previous A-B Index Section and to White Pages 2879 to 3322 is no longer necessary.
This index refers to all companies carried in Corporation Records. The page numbers of descriptions and subsequent news, as well as items of interest on companies not fully described, are shown. The blue cross-reference section, which should be filed below these yellow pages, contains the names of subsidiaries, affiliates, etc., of companies on which a description is published, as well as names of predecessor and merged companies, changes in names, etc. Users of Corporation Records not finding a company name in the yellow index should consult the blue cross-reference section.
Standard & Poor's Corporation may from time to time release the names of subscribers/customers to our services to other reputable mailers whose offers we feel may be of interest to them. If you are unwilling to allow us to do this, kindly remove the mailing label from this publication and return it to us with your instructions to make your name unavailable for such use. We will then make every effort to have your name deleted from any list rental or exchange.
Standard & Poor's Bond Ratings
Standard Corporation Records includes the Standard & Poor's Bond Rating for publicly-held issues described in the publication. Although the rating published was current at the date indicated, subscribers should check the currentness of such rating by referencing the Cumulative News Section and the Daily News Section of the service or by calling the CORPORATE RATINGS DESK at (212) 208-1527.
- Note -
This service contains descriptions of various publicly held corporations, including those listed on the New York and American Stock Exchanges and the larger unlisted and regional exchange companies. Full or standard coverage treatment is accorded to corporations included herein for a fee. Other corporations will receive less than such coverage. Full coverage companies listed on the New York Stock Exchange are charged $2,040 per year, while American Stock Exchange, regional exchange and unlisted companies are charged $925. In some circumstances, a one-time premium of $1,525 may be charged for initial company descriptions. An additional fee is charged to companies for either (a) reprinting from annual reports, the full unedited text of the President's annual message to stockholders ($410); or (b) the President's message plus the management's review of operations contained in the annual report, the message or review contained in quarterly reports to stockholders, and the President's remarks at the annual meeting of stockholders ($1,395).
The star (*) appearing after a company's name in this index identifies those companies that are presented in tabular form in Standard Corporation Records. The bullet (o) and the diamond (u) appearing after a name are for Standard & Poor's internal purposes only.
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Alphabetical Index |
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| -A- |
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A+ COMMUNICATIONS INC. Name changed to A+ Network, Inc. |
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| A+ NETWORK, INC. (FORMERLY A+ COMMUNICATIONS INC.) |
2153 |
| Interim Consol. Earns.: Sept '96 |
9437 |
| Annual Report |
9838 |
| Interim Consol. Earns.: June '96 |
9838 |
| Metrocall Inc. Sets Proration Factor in Tender Offer |
9838 |
| Interim Consol. Earns.: Mar. '96 |
1971 |
| Interim Consol. Earns.: Sept. '95 |
2752 |
| A & A FOODS LTD |
2637 |
| AAON, Inc. |
9297 |
| Interim Consol. Earns.: Sept. '96 |
9437 |
| Interim Consol. Earns.: June '96 |
9838 |
| Interim Consol. Earns.: Mar. '96 |
1971 |
| Interim Consol. Earns.: Sept. '95 |
2752 |
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| -A- |
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| AAR CORP |
9432 |
| Interim Consol. Earns.: Aug. ' 96 |
9437 |
| Interim Consol. Earns.: Feb. '96 |
1971 |
| Interim Consol. Earns.: Nov. '95 |
2405 |
| Interim Consol. Earns.: Aug. '95 |
2752 |
AARP GNMA & U.S. TREASURY FUND Statistical Summary - T-Z Green Pages |
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| ABB AB (FORMERLY ASEA AB) |
1537 |
| ABC BANCORP |
9164 |
| Interim Consol. Earns.: Sept. '96 |
9437 |
| Signs Definitive Agreement to Acquire M&F Financial Corp. |
9437 |
| Interim Consol. Earns.: June '96 |
9838 |
| Interim Consol. Earns.: Mar. '96 |
1971 |
| Interim Consol. Earns.: Sept. '95 |
2752 |
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Advanced Digital Information CORP.
Capitalization
(July 31, '96, after spin-off of Co. by Interpoint Corp. and forgiveness of intercompany debt Oct. 16 '96)
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Long Term Debt-None |
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| Stock |
Auth. Shs. |
Outstg.Shs. |
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| Preferred no par |
2,000,000 |
None |
| Common no par |
†40,000,000 |
7,932,200 |
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| *Incl. 475,000 for options, with shs. for future grants. |
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Corporate Background
Company designs, makes, markets and supports specialized data storage peripherals used to back up and archive electronic data for PC/LAN and Unix client/server network environments.
Company's products consist of stand-alone tape drives and automated tape libraries ranging from 4 gigabytes to over three terabytes of data storage capacity. Co.'s principal products are automated tape libraries which combine proprietary electromechanical robotics, electronic hardware and firmware developed by Co. with industry standard, technologically advanced tape drives made by third parties.
SUBSIDIARY-wholly owned-ADIC Europe SARL
PROPERTY-A manufacturing and research and development facility is leased in Redmond, Wash.
CAPITAL EXPENDITURES, Yrs. End. Oct. 31: Thou.$ 1995---757 1994---451
RESEARCH & DEVELOPMENT EXPENDITURES, Yrs. End. Oct. 31: Thou.$ 1995---1,097 1994---1,037
EMPLOYEES-July 23, 1996, 132 (full-time).
INCORPORTED in Wash. in Aug. 1984. Feb. 11, 1994, acquired by Interpoint Corp.
Oct. 16, 1996, Interpoint Corp. distributed all 7,932,200 Com. shs. of Co. held by it to Interpoint shareholders of record Oct. 15, 1996, on the basis of one Com. share of Co. for every Com. share of Interpoint held.
CHAIRMAN, PRES & CHIEF EXEC OFFICER, P. H. van Oppen; SR V-P & CHIEF OPER OFFICER, C. H. Stonecipher, V-Ps, W. C. Britts, B. W. Brugman, N. H. Searle.
DIRECTORS-C. T. Bayley, W. P. Kistler, R. F. McNeill, P. H. van Oppen, J. W. Stanton, W. F. Walker.
OFFICE-10201 Willows Rd., Redmond, WA 98052 (Tel.:206-881-8004)
ANNUAL MEETING-In Feb.
Stock Data
PREFERRED STOCK PURCHASE RIGHTS-Oct. 15, 1996, Com. stockholders received one Pfd. Stock Purchase right, expiring Oct. 16, 2006, for each Com. share. Privilege to entitlement trades with Co.'s Com. At the time the rights became exercisable, separate certificates will be distributed and the Rights could begin to trade separately from Co.'s Com. Rights become exercisable 10 days after an announcement that a person or group (Acquiring Person) had acquired, or obtained the right to acquire, 15% or more of Co.'s Com. shares, or following the commencement of an offer that would result in ownership of 15% or more of Co.'s Com. shares. Upon occurrence of such events, each Right would entitle the holder to buy from Co. one one-hundredth of a share of Ser.A Pfd. of Co. for $50. If Co. is involved in a merger or other business combination or more than 50% of its assets or earning power are sold or transferred, the Rights will be modified so as to entitle the holder to buy a number of the acquiring company's Com. shares having a market value of twice the exercise price of each Right. In the event a person becomes an Acquiring Person, each Right not owned by the Acquiring Person would become exercisable for the number of Co.'s Com. shares having a market value of two times the exercise price of each Right. After the Rights become exercisable, Co. may exchange each Right not owned by an Acquiring Person for consideration of one-half the securities issuable upon the exercise of each Right. Rights are redeemable in whole, but not in part, at $0.01 per Right by Co. prior to the tenth day after a public announcement that 15% or more of Co.'s Com. shares have been acquired.
PRINCIPAL STOCKHOLDERS-Oct., 16, 1996, officers and directors owned or controlled 15.2% of the Com, incl. 5.9% by J.W. Stanton.
TRANSFER AGENT & REGISTRAR-ChaseMellon Shareholder Services, L.L.C., Ridgefield Park, N.J.
LISTED-Nasdaq (Symbol ADIC) Oct. 17, 1996.
DIVIDENDS-Com. no par: none.
Earnings and Finances
AUDITORS-Price Waterhouse LLP, Seattle, Wash.
CONSOL. EARNS., Y-E Oct. 31 (Sept. 30 prior to 1994): Thou. $
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Net Sales |
Inc. Taxes |
Net Inc. |
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| 1995 |
31,716 |
cr78 |
292 |
| 1994 |
20,083 |
cr99 |
d42 |
| 1993 |
17,109 |
308 |
1,285 |
| 1992 |
12,837 |
22 |
964 |
| 1991 |
11,735 |
cr68 |
d1,365 |
| dDeficit |
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| Note: On Feb. 11 '94, Advanced Digital Information Corp. ("ADIC" or "Co.") was acqd. by Interpoint Corp. ("Interpoint") pursuant to an Agreement and Plan of Merger dated Oct. 29 '93, in which Co. was merged into a wholly owned subsidiary of Interpoint. Consolidated financial statements for all periods subsequent to Sept. 30 '93 reflect the results of operations, financial position, and cash flows of ADIC as a component of Interpoint. |
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Annual Report-Consol. Inc. Acct.,Yrs. End.: Thou. $
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Oct. 31 ´95 |
Oct. 31 ´94 |
Sept. 30 ´93 |
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| Net sales |
31,716 |
20,083 |
17,108 |
| Cost & exps. |
30,721 |
19,202 |
15,286 |
| Oper. income |
995 |
881 |
1,822 |
| Other income |
- |
- |
1 |
| Fgn. currency transl. |
dr19 |
32 |
- |
| Total income |
976 |
913 |
1,823 |
| Depr. & amort. |
484 |
331 |
164 |
| Acquisition costs |
- |
590 |
- |
| Interest exp., net |
278 |
134 |
66 |
| Income tax |
176 |
cr184 |
445 |
| Defr. inc. tax |
cr254 |
84 |
cr137 |
| Net income |
292 |
d42 |
1,285 |
| dDeficit |
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Note A: Co. reported pro forma share earns. of $0.04 in 1995 (based on 8,010,000 avge. com. & com. equiv. shs., adjtd. for June '96 Interpoint 2-for-1 stk. split), assuming the spin-off of ADIC from Interpoint had occurred on Nov. 1 '95.
Note B: On Feb. 11 '94, Advanced Digital Information Corp. ("ADIC" or "Co.") was acqd. by Interpoint Corp. ("Interpoint") pursuant to an Agreement and Plan of Merger dated Oct. 29 '93, in which Co. was merged into a wholly owned subsidiary of Interpoint. Consolidated financial statements for all periods subsequent to Sept. 30 '93 reflect the results of operations, financial position, and cash flows of ADIC as a component of Interpoint. |
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Consol. Bal. Sheet, Oct. 31: Thou. $
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| Assets |
1995 |
1994 |
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| Cash |
624 |
184 |
| Accts. rec., net |
5,816 |
4,133 |
| Inventories |
5,384 |
2,770 |
| Income tax |
- |
161 |
| Defr. inc. tax |
320 |
50 |
| Other curr. assets |
227 |
182 |
| Tot. curr. assets |
12,371 |
7,480 |
| *Net property |
1,177 |
859 |
| Defr. inc. tax |
46 |
59 |
| Other assets |
349 |
312 |
| Total assets |
13,943 |
8,710 |
| Liabilities |
| Accts. pay. |
3,937 |
2,493 |
| Accruals |
981 |
832 |
| Income tax |
204 |
- |
| Tot. curr. liabs. |
5,122 |
3,325 |
| Intercompany debt |
5,434 |
2,358 |
| †Com. stk. p.$0.01 |
a |
a |
| Paid-in cap. |
702 |
702 |
| Fgn. currency transl. |
133 |
66 |
| Retained earns. |
2,552 |
2,259 |
| Total liabs. |
13,943 |
8,710 |
| Net wkg. cap. |
7,249 |
4,155 |
| dDeficit |
| oDepr. & amort. res |
1,234 |
928 |
| †Com. shs. (Thou.): |
1 |
1 |
| aRepresents $10. |
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Interim Report July 31 '96-†9 Mos. Consol. Inc
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| Acct.: |
Thou. $ |
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| Net sales |
39,571 |
| Cost & exps. |
35,853 |
| Oper. income |
3,718 |
| Fgn. currency transl. |
38 |
| Total income |
3,756 |
| Depr. & amort. |
417 |
| Interest exp., net |
407 |
| Income tax |
991 |
| Net income |
1,941 |
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| †Unaudited |
Note: Co. reported pro forma share earns. of $0.24 (based on 8,158,000 avge. com. & com. equiv. shs., adjtd. for June '96 Interpoint 2-for-1 stk. split), assuming the spin-off of ADIC from Interpoint had occurred on Nov. 1 '95.
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bConsol. Bal. Sheet, July 31 '96: Thou. $
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| Assets |
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| Cash |
444 |
| Accts. rec., net |
10,867 |
| Inventories |
7,499 |
| Defr. inc. tax |
318 |
| Other curr. assets |
207 |
| Tot. curr. assets |
19,335 |
| oNet property |
1,437 |
| Defr. inc. tax |
45 |
| Other assets |
452 |
| Total assets |
21,269 |
| Liabilities |
| Accts. pay. |
5,078 |
| Accruals |
1,610 |
| Income tax |
835 |
| Tot. curr. liabs. |
7,523 |
| Intercompany debt |
8,442 |
| †Com. stk. p.$0.01 |
a |
| Paid-in cap |
702 |
| Fgn. currency tranl. |
109 |
| Retained earns. |
4,493 |
| Total liabs. |
21,269 |
| Net wkg. cap |
11,812 |
| dDeficit |
| oDepr. & amort. res. |
1,623 |
| †Com. shs. (Thous): |
1 |
| aRepresents $10. |
| bUnaudited |
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