History (1991): Microscience CEO Kevin Nagle Resigns
Company could not come out of red.
By Jean Jacques Maleval | January 30, 2020 at 2:19 pmKevin Nagle resigns from his position of CEO and president of Microscience International, San Jose, CA.
He joined this company in 1987 after serving as VP marketing and sales for the storage division of Control Data.
Despite the sales of some assets like the 35% interest in its Taiwanese subsidiary to some private Taiwan investors and the workforce reduction, the Californian company could not come out of the red.
Microscience reported an operating loss of $144 million for the 9-month period ending September 30, 1990. And in its third quarter, sales that amounted to $19.5 million, were loosing 15% compared to 2Q90.
The firm decided last month to move manufacturing of its 3.5-inch Winchester disk drives to Taiwan and Singapore facilities. The decision would affect 105 US employees.
This article is an abstract of news published on the former paper version of Computer Data Storage Newsletter on issue ≠37, published on February 1991.
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