TECHNOLOGY - Oct. 6, 1994

Packard Bell Confirms Move to Sacramento: Packard Bell Electronics for the first time confirmed publicly that it will move from Westlake Village to the Sacramento Army Depot, barring any last-minute complications. The announcement came after the Sacramento City Council on Tuesday night, as expected, approved a generous $26-million loan package for the computer maker. The move is one more in a series of blows to the San Fernando Valley’s job base. A Packard Bell official said it will begin its search for new employees in Sacramento immediately. The firm is not likely to transfer many jobs from the Valley, because it gets a $5-million tax break for hiring disadvantaged workers from an enterprise zone established in Sacramento.