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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.


Alphabetical Index
-A-

A+ COMMUNICATIONS INC.
Name changed to A+ Network, Inc.
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
-A-

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
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

Advanced Digital Information CORP.
Capitalization
(July 31, '96, after spin-off of Co. by Interpoint Corp. and forgiveness of intercompany debt Oct. 16 '96)

Long Term Debt-None
Stock Auth. Shs. Outstg.Shs.

Preferred no par 2,000,000 None
Common no par †40,000,000 7,932,200

*Incl. 475,000 for options, with shs. for future grants.


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. $
Net Sales Inc. Taxes Net Inc.

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

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.


Annual Report-Consol. Inc. Acct.,Yrs. End.: Thou. $
Oct. 31 ´95 Oct. 31 ´94 Sept. 30 ´93

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

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.


Consol. Bal. Sheet, Oct. 31: Thou. $
Assets 1995 1994

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.

Interim Report July 31 '96-†9 Mos. Consol. Inc
Acct.: Thou. $

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
†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.

bConsol. Bal. Sheet, July 31 '96: Thou. $
Assets

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



Standard & Poor´s Corporation Records


In this section:

  1. Hoover's Handbooks
  2. Standard & Poor's
  3. Robert Morris Associates' Annual Statement Studies
  4. FASB Accounting Standards
  5. The Wall Street Journal
  6. Occupational Outlook Handbook
  7. Harvard Business Review
  8. Who's Who in America
  9. MIT's Technology Review
  10. Small Business Sourcebook
  11. Peterson's Guide to Four-Year Colleges
  12. American Heritage
  13. The Worldly Philosophers

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