ORANGE COUNTY NEWS

Triconex Plans Public Stock Offering: Triconex Corp., a maker of computer-guided safety and control equipment for chemical and nuclear energy plants, said Friday it plans to raise $24 million to $28 million in an initial public offering of stock. The Irvine company filed a registration statement for a public offering with the Securities and Exchange Commission this week. It plans to offer 2 million shares of common stock for $12 to $14 a share. Of the money raised, $15 million to $17.5 million would go to the company, with the remainder going to private investors offering their shares. In the filing, Triconex said it plans to use the money for working capital and expansion of its business. Triconex makes “fault-tolerant” computer systems that can quickly adapt to power or component failures. The company reported revenue of $22.3 million for 1991; it was $11.5 million a year earlier. Earnings for 1991 were $2.6 million, or 74 cents per share, compared to $398,000, or 17 cents per share, a year earlier.