Applied Data Reports Plunge in Quarter Profits

Applied Data Communications of Tustin said first-quarter profits plunged 75% to $83,000 from the year-earlier total of $337,000. The company, which makes computer memory devices, said sales for the quarter ended June 30 dropped nearly 11% to $3.1 million from $3.5 million a year earlier.

President Pat Kane said the results reflected the “continuing soft domestic market for personal computers� and related products. Kane said the company’s international sales have not been affected by the slump and accounted for approximately 42% of first-quarter revenues.