Play Meter

METER PLA UPDATE EDITION Volume 4, 4, Number Number 20 20 Volume November 1978 Novemb er 1,1, 1978 ·'' Sega Enterprises Enterprises reports reports Sega increase in net net earnin earnings increa se in gs Sega Enterprises, Enterprises, Inc. Inc. of of Redondo Redondo Sega California has has reported reported net net Beach, California Beach, of $772,000, or 41 cents earnings earnings of $772,000, or 41 cents per share, share, for for the the fourth fourth quarter quarter per June 30, 1978, up from ended ended June 30, 1978, up from $273,000, or or 14 14 cents cents per per share share last last $273,000, year. Net Net earnings earnings included included foreign foreign year. exchange translation translation gains gains of of exchange $73 ,000, or 4 cents per share, in the $73,000, or 4 cents per share, in the fiscal 1978 1978 fourth fourth quarter, quarter, and and fiscal $151,000, or 8 cents per share, in $151,000, or 8 cents per share, in fiscal 1977. 1977. fiscal $11,519,000 in in Revenues were were $11,519,000 Revenues the current current quarter quarter compared compared with with the $7,811,000 last last year. year. $7,811,000 fiscal year yearended ended June June 30, 30, Forthe the fiscal For 1978 net earnings were $1,915,000, 1978 net earnings were $1,915,000, or $1.01 $1.01 per per share, share, compared compared with with or $347,000, or or 18 18 cents cents per per share, share, in in $347,000, the prior prior year. year. Net Net earnings earnings included included the foreign exchange exchange translation translation gains gains of of foreign $459,000, or or 24 24 cents cents per per share, share, in in $459,000, fiscal 1978 and $432,000, or 23 fiscal 1978 and $432,000, or 23 in fiscal fiscal 1977. 1977. cents per per share, share, in cents Revenues were were $37,203,000 $37,203,000 in in Revenues the current current fiscal fiscal year year compared compared with with the $29,997,000 inin fiscal fiscal 1977. 1977. $29,997,000 in revenues revenues for for the the The increases increases in The fourth quarter quarter and and twelve twelve months months are are fourth attributable to to expanded expanded amusement amusement attributable game .operations operations and and higher higher amuseamusegame in Japan, Japan , as as well well as as ment game game sales sales in ment in currency currency exchange exchange the differential differential in the rates used used to to translate translate the the operations operations rates the company's company's Japanese Japanese business. business. ofofthe in the the United United States States for for the the Revenuesin Revenues quarter and and twelve twelve months months declined declined quarter as aa result result of of lower lower manufacturing manufacturing as sales . The The declines declines were were partially partially sales. by expanded expanded amusement amusement offset by offset center operations. operations. center Netearnings earningsincreased increased substantialsubstantialNet the fourth fourth quarter quarter and and in in the the lyly inin the In the the United United States States twelve months. months. In twelve losses had had declined declined in in these these periods periods losses primarily as as aa result result of of suspension suspension of of primarily the Redondo Redondo manufacturing inin the manufacturing facility. In In Japan, Japan, net net earnings earnings facility. in the the fourth fourth quarter quarter increased in increased primarily due to expanded amuseprimarily due to expanded amusement game game operations, operations, higher higher ment amusement game game sales sales and and the the amusement in currency currency exchange exchange differential in differential rates and and the the improved improved fourth fourth rates quarter. r. quarte The company company also also stated stated that that itit The hopes to to strengthen strengthen significantly significantly its its hopes United States States position position in in manumanuUnited and developdevelopfacturing and and research research and facturing ment through a pending acquisition ment through a pending acquisition Gremlin Industries, Industries, Inc., Inc., aa of Gremlin of manufacturer of coin-operated elecmanufacturer of coin-operated elecin tronic amusement amusement games games based based in tronic San Diego. Diego. Closing Closing of of the the acquisition acquisition San anticipated shortly, shortly, ifIf certain certain isis anticipated conditions are are satisfied. satisfied. conditions Sega manufactures, manufactures, distributes distributes Sega and operates coin-operated amuseand operates coin-operated amuse95 ment games. games. Sega Sega isis aa 95 ment percent-owned subsidiary of Gulf percent-owned subsidiary of Gulf ++ Western Industries, Industries, Inc. Inc. Western P.S.E. defaults defaults on on a a loan, loan, P.S.E. out of of business business out Project Support Support Engineering Engineering P. S. E. E. had had defaulted defaulted on on its its loan loan to to P. S. Project P. S. S. E. E. ))of of Sunnyvale, Sunnyvale, California, California, the firm. the Oakland Oakland finance finance firm. (( P. thevideo videogame game manufacturer manufacturerof of such such Teletronic, aa new new video video game game the Teletronic, manufacturer, is, Desert Patrol, Patrol, isis out out of of manufacturer, is, however, however, handling handling games as as Desert games business . supplies and and service service for for P. P . S. S . E. E. the supplies business. the The finance finance company company which which was was equipment. equipment. Operators Operators or or servicemen servicemen The S. E. E. ,, needing the secured secured leader leader to to P. P. S. needing parts parts or or service service information information the Commonwealth Financial Financial Corp. Corp. of of should 1063 should contact contact Teletronic Teletronic at at 1063 Commonwealth California, foreclosed foreclosed on on Morse Oakland , California, Morse Avenue, Avenue, Sunnyvale, Sunnyvale, CaliCaliOakland, the video video game game company company and and sold sold fornia fornia 94086, 94086, or or they they can can telephone telephone the the company company at at (( 408) 408) 734-3821. 734-3821. the game game manufacturer's manufacturer's physical physical the the in a public sale September 7. assets John Chaudhry, president of John Chaudhry, president of assets in a public sale September 7. William F. F. Plein, Plein, president president of of P. P. S. S. E. E. , , could could not not be be reached reached for for William comment about about his his company's company's Commonwealth, said said that that CommonCommon- comment Commonwealth, wealth made made the the foreclosure foreclosure because because demise. demise. wealth