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Briefs: Qualstar, Trio-Tech

Shares of Qualstar Corp. rose sharply Friday as the company reported a steep drop in its losses during the fiscal second quarter. The Simi Valley tape storage and power supply manufacturer reported a net loss of $251,000 (-2 cents a share) for the quarter ended Dec. 31, compared with a loss of $1.7 million (-14 cents) in the same period a year earlier. Revenue held steady at $3.4 million, not meeting the expectations of a single analyst who estimated it at $3.58 million, according to Thomson Financial Network. “I am extremely pleased with the progress we made in less than six months. We still have substantial work ahead of us but I am confident that we are on the right track,” said Chief Executive Steve Bronson, who led a successful takeover of the company in June. Shares closed up 41 cents, or 36 percent, to $1.56 on Nasdaq. Trio-Tech International cut its losses and reported a revenue gain in its fiscal second quarter on Friday, citing growth in its manufacturing and testing businesses. The Van Nuys semiconductor testing and services company reported a net loss of $368,000 (-10 cents) for the quarter ended Dec. 31, compared to a loss of $594,000 (-15 cents) in the same period a year earlier. Revenue increased 29 percent to $9.3 million. Shares rose 2 cents to $3.07 on the New York Stock Exchange.

Mark Madler
Mark Madler
Mark R. Madler covers aviation & aerospace, manufacturing, technology, automotive & transportation, media & entertainment and the Antelope Valley. He joined the company in February 2006. Madler previously worked as a reporter for the Burbank Leader. Before that, he was a reporter for the City News Bureau of Chicago and several daily newspapers in the suburban Chicago area. He has a bachelor’s of science degree in journalism from the University of Illinois, Urbana-Champaign.

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