December 05, 2000, 12:01 PM — Procom Technology Inc. announced it lost $3 million on revenue of $22.7 million
for the quarter ended April 30.
During the same quarter last year, the Santa Ana, Calif.-based maker of networked
data storage devices counted $1.3 million profit on $29.6 million revenue.
Company officials blamed the losses on pricing pressures on hard-disk drive upgrade
products and less demand for its line of CD server products.