Pinnacle Micro Inc.: The Irvine optical storage...

Pinnacle Micro Inc.: The Irvine optical storage systems company said it lost $3.9 million, or 49 cents a share, for the second quarter, contrasted with net income of $162,000, or 2 cents a share, a year ago. Sales declined 40% to $12.3 million from $20.6 million. For the first half, the company posted a net loss of $7.8 million, or 99 cents a share, contrasted with profit of $174,000, or 2 cents a share, for the first half of last year. Sales dropped 27% to $29.8 million from $40.8 million.