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Short Take: Zitel completes acquisitions

Enterprise storage firm Zitel has completed its acquisition of Datametrics Systems, Palmer & Webb Systems, Limited, and Palmer & Webb Systems BV. The cash-and-stock deal, valued at approximately $13 million, will mean a one-time, after-tax charge to earnings of $4.8 million or $.31 per share for the quarter ended June 30, 1997.

Enterprise storage firm Zitel has completed its acquisition of Datametrics Systems, Palmer & Webb Systems, Limited, and Palmer & Webb Systems BV. The cash-and-stock deal, valued at approximately $13 million, will mean a one-time, after-tax charge to earnings of $4.8 million or $.31 per share for the quarter ended June 30, 1997.