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BUSINESS
January 25, 1997
Shares of Rockville-based Fusion Systems Corp. staged a sharp -- but brief -- rally yesterday after the company said fourth-quarter profits will be above Wall Street predictions.Fusion Systems supplies equipment used in semiconductor manufacturing. Its shares rose $1.875 to $28.50 in early trading, but faded to close at $27, up 37.5 cents on the Nasdaq stock market.The firm said fourth-quarter sales were stronger than expected and fourth-quarter revenues were $18.4 million, putting annual 1996 sales from continuing operations at $84.6 million, up 45 percent from 1995.
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BUSINESS
By Mark Guidera and Mark Guidera,SUN STAFF | July 1, 1997
Fusion Systems Corp., Maryland's largest semiconductor equipment manufacturer, said yesterday that it has agreed to be bought for $292.5 million by Eaton Corp., a diversified manufacturing company in Cleveland.Shares in Rockville-based Fusion rose $4.562, or 13 percent, to $39.562 on the news yesterday. Meanwhile shares in Eaton rose 50 cents to close at $87.312.Eaton said the transaction would involve purchasing Fusion's 7.5 million shares at $39 each. The majority of the shares will be bought by Monday, Eaton said.
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BUSINESS
April 20, 1996
The founder of a Gaithersburg-based information technology company has been named entrepreneur of the year, and a Rockville-based supplier to the semiconductor industry has been named company of the year by the Suburban Maryland High Technology Council, a technology industry trade group.Entrepreneur award-winner Robert Grimes is founder and president of Cyntergy, which provides information tracking services to the retail, food and hospitality industries.He was cited for his persistence in keeping the company alive through a tough start-up period.
BUSINESS
January 25, 1997
Shares of Rockville-based Fusion Systems Corp. staged a sharp -- but brief -- rally yesterday after the company said fourth-quarter profits will be above Wall Street predictions.Fusion Systems supplies equipment used in semiconductor manufacturing. Its shares rose $1.875 to $28.50 in early trading, but faded to close at $27, up 37.5 cents on the Nasdaq stock market.The firm said fourth-quarter sales were stronger than expected and fourth-quarter revenues were $18.4 million, putting annual 1996 sales from continuing operations at $84.6 million, up 45 percent from 1995.
BUSINESS
By Bloomberg Business News | July 6, 1995
WASHINGTON -- Dawson-Samberg Capital Management Inc. and Pequot General Partners have cut their joint stake in Fusion Systems Corp. to 6.94 percent of the company's outstanding common shares.The investment adviser and the limited partnership, both led by Jonathan Dawson and Arthur Samberg, sold 77,000 shares at $34.43 to $34.61 a share on May 25, according to a Schedule 13D filed Monday with the Securities and Exchange Commission.The investment group, which also includes other affiliates, now collectively holds 529,400 shares in the Rockville-based Fusion Systems.
BUSINESS
By Bloomberg Business News | October 14, 1994
WASHINGTON -- Dawson-Samberg Capital Management Inc. and its associates increased their stake in the common stock of Rockville-based Fusion Systems Corp. to 9 percent from 7.5 percent, according to a filing with the Securities and Exchange Commission.The investor group -- comprising Dawson-Samberg, Pequot Partners Fund L. P., and D-S International Partners L. P. -- reported that it purchased 165,000 shares on Oct. 6 at $29.50 a share.Dawson-Samberg now owns 272,000 shares of Fusion's common stock; Pequot owns 212,000; and D-S International owns 199,800 shares, according to a Schedule 13D filed yesterday with the SEC.Fusion Systems makes products used in semiconductor manufacturing for a variety of different industries.
BUSINESS
By Mark Guidera and Mark Guidera,SUN STAFF | August 16, 1996
Fusion Systems Corp., a Rockville company that sells manufacturing equipment to the semiconductor industry, said yesterday it would sell its ultraviolet curing division, Fusion UV Curing, to a British company for $121 million.The deal with Fairey Group PLC, based in Surrey, England, will allow Fusion Systems to focus on opportunities it expects from an anticipated consolidation in the semiconductor equipment industry, said Leslie Levine, the company's president and chief executive officer.
BUSINESS
By Bloomberg Business News | October 4, 1994
Fusion Systems Corp. said yesterday it reached a settlement in its case against the Internal Revenue Service, resulting in a $7.2 million benefit.The settlement provides for the allowance of a significant portion of tax benefits claimed by the Rockville-based company that had been previously disallowed by the IRS.As a result, the company will recognize a gain for financial reporting purposes of about $7.2 million in the third quarter, which ended Friday....
BUSINESS
By Mark Guidera and Mark Guidera,SUN STAFF | July 1, 1997
Fusion Systems Corp., Maryland's largest semiconductor equipment manufacturer, said yesterday that it has agreed to be bought for $292.5 million by Eaton Corp., a diversified manufacturing company in Cleveland.Shares in Rockville-based Fusion rose $4.562, or 13 percent, to $39.562 on the news yesterday. Meanwhile shares in Eaton rose 50 cents to close at $87.312.Eaton said the transaction would involve purchasing Fusion's 7.5 million shares at $39 each. The majority of the shares will be bought by Monday, Eaton said.
BUSINESS
October 26, 1993
'94 U.S. autos selling wellU.S. automakers had a strong start to the 1994 model year, with sales of domestically built new vehicles rising 18.5 percent in mid-October.Cars sold at an annualized rate of 7.8 million in the Oct. 11-20 period, the highest so far this year. Light trucks sold at a rate of 5.7 million, the highest on record. The combined sales rate plus imports and heavy trucks pushed the annualized rate to about 15.8 million, also the best of the year.Existing home sales are upSales of existing homes shot up to the second-highest level in 14 years last month.
BUSINESS
By Mark Guidera and Mark Guidera,SUN STAFF | August 16, 1996
Fusion Systems Corp., a Rockville company that sells manufacturing equipment to the semiconductor industry, said yesterday it would sell its ultraviolet curing division, Fusion UV Curing, to a British company for $121 million.The deal with Fairey Group PLC, based in Surrey, England, will allow Fusion Systems to focus on opportunities it expects from an anticipated consolidation in the semiconductor equipment industry, said Leslie Levine, the company's president and chief executive officer.
BUSINESS
April 20, 1996
The founder of a Gaithersburg-based information technology company has been named entrepreneur of the year, and a Rockville-based supplier to the semiconductor industry has been named company of the year by the Suburban Maryland High Technology Council, a technology industry trade group.Entrepreneur award-winner Robert Grimes is founder and president of Cyntergy, which provides information tracking services to the retail, food and hospitality industries.He was cited for his persistence in keeping the company alive through a tough start-up period.
BUSINESS
By Bloomberg Business News | July 6, 1995
WASHINGTON -- Dawson-Samberg Capital Management Inc. and Pequot General Partners have cut their joint stake in Fusion Systems Corp. to 6.94 percent of the company's outstanding common shares.The investment adviser and the limited partnership, both led by Jonathan Dawson and Arthur Samberg, sold 77,000 shares at $34.43 to $34.61 a share on May 25, according to a Schedule 13D filed Monday with the Securities and Exchange Commission.The investment group, which also includes other affiliates, now collectively holds 529,400 shares in the Rockville-based Fusion Systems.
BUSINESS
By Deidre Nerreau McCabe | April 30, 1995
A news brief in the Business section Sunday incorrectly identified Malynda Madzel, who was named runner-up for the Women in Business, Advocate of the Year award by the Small Business Administration. Ms. Madzel is president of Custom Telemarketing Services Inc. in Columbia.SBA honors members of NAWBO -- BRCThe National Association of Women Business Owners -- Baltimore Regional Chapter (NAWBO -- BRC) announced that Marylin Dyer Blair, chapter president, has been selected as the William E. Kidd Jr. Small Business Training Advocate of the Year for Maryland.
BUSINESS
By Bloomberg Business News | October 14, 1994
WASHINGTON -- Dawson-Samberg Capital Management Inc. and its associates increased their stake in the common stock of Rockville-based Fusion Systems Corp. to 9 percent from 7.5 percent, according to a filing with the Securities and Exchange Commission.The investor group -- comprising Dawson-Samberg, Pequot Partners Fund L. P., and D-S International Partners L. P. -- reported that it purchased 165,000 shares on Oct. 6 at $29.50 a share.Dawson-Samberg now owns 272,000 shares of Fusion's common stock; Pequot owns 212,000; and D-S International owns 199,800 shares, according to a Schedule 13D filed yesterday with the SEC.Fusion Systems makes products used in semiconductor manufacturing for a variety of different industries.
BUSINESS
By Bloomberg Business News | October 4, 1994
Fusion Systems Corp. said yesterday it reached a settlement in its case against the Internal Revenue Service, resulting in a $7.2 million benefit.The settlement provides for the allowance of a significant portion of tax benefits claimed by the Rockville-based company that had been previously disallowed by the IRS.As a result, the company will recognize a gain for financial reporting purposes of about $7.2 million in the third quarter, which ended Friday....
BUSINESS
By David Conn | October 18, 1991
What do a spice maker, an Eastern Shore educator, a fusion company and a tennis star have in common?They are among the best that Maryland's economy has to offer.That was the message at a Baltimore luncheon yesterday as Gov. William Donald Schaefer and Maryland Economic Growth Associates Inc. presented this year's Maryland Awards for Economic Excellence to the winners in four categories:* McCormick & Co. Inc. won the award for overall economic excellence. The Hunt Valley spice manufacturer was praised for the innovations of its founder, W. M. McCormick, who responded to the Great Depression by raising employees' wages, shortening the workweek and instituting profit-sharing.
BUSINESS
By Deidre Nerreau McCabe | April 30, 1995
A news brief in the Business section Sunday incorrectly identified Malynda Madzel, who was named runner-up for the Women in Business, Advocate of the Year award by the Small Business Administration. Ms. Madzel is president of Custom Telemarketing Services Inc. in Columbia.SBA honors members of NAWBO -- BRCThe National Association of Women Business Owners -- Baltimore Regional Chapter (NAWBO -- BRC) announced that Marylin Dyer Blair, chapter president, has been selected as the William E. Kidd Jr. Small Business Training Advocate of the Year for Maryland.
BUSINESS
October 26, 1993
'94 U.S. autos selling wellU.S. automakers had a strong start to the 1994 model year, with sales of domestically built new vehicles rising 18.5 percent in mid-October.Cars sold at an annualized rate of 7.8 million in the Oct. 11-20 period, the highest so far this year. Light trucks sold at a rate of 5.7 million, the highest on record. The combined sales rate plus imports and heavy trucks pushed the annualized rate to about 15.8 million, also the best of the year.Existing home sales are upSales of existing homes shot up to the second-highest level in 14 years last month.
BUSINESS
By David Conn | October 18, 1991
What do a spice maker, an Eastern Shore educator, a fusion company and a tennis star have in common?They are among the best that Maryland's economy has to offer.That was the message at a Baltimore luncheon yesterday as Gov. William Donald Schaefer and Maryland Economic Growth Associates Inc. presented this year's Maryland Awards for Economic Excellence to the winners in four categories:* McCormick & Co. Inc. won the award for overall economic excellence. The Hunt Valley spice manufacturer was praised for the innovations of its founder, W. M. McCormick, who responded to the Great Depression by raising employees' wages, shortening the workweek and instituting profit-sharing.
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