Startel Corp.: The Irvine telecommunication systems manufacturer...

Startel Corp.: The Irvine telecommunication systems manufacturer reported a net loss of $357,000 for 1990, compared to a loss of $742,000 for 1989. Revenue declined 12%, to $6.7 million from $7.6 million. Fourth quarter net income totaled $81,000, down 24% from the $106,000 posted for the corresponding 1989 period. Revenue fell 5%, to $1.9 million from $2 million.