Washington Business Journal articles from July 2001, page 4

Washington Business Journal archives from July 2001

Schoolkids raise dollars for pandas.(for Friends of the National Zoo)(Brief Article)
July 20, 2001... Angela Rogers, Katey Peck and Samantha Winter join Tian Tian at the Smithsonian National Zoological Park in Washington during a check presentation to the Friends of the National Zoo. The Oakton and Falls Church elementary school students...

NeXtsource scores sporting equipment.
July 20, 2001... Members of NeXtsource, the Board of Trade's young professionals group, gather around the donated sports equipment from NeXtsource's Bikes + Balls Summer Bash. The June 14 event brought more than 250 partygoers to the Reagan Building's...

JBG's Southeast site favored for DOT HQ.(JBG Cos. wins recommendation from General Services Administration to develop Department of Transportation headquarters)(Brief Article)
July 20, 2001... The General Services Administration selected JBG Cos. as its preference to develop a 1.4 million-square-foot headquarters for the Department of Transportation at the Southeast Federal Center. JBG's preferred status means GSA officials see...

Bernstein changes course on Atlantic.(Bernstein Cos. has razed all but facade of Atlantic Building on F Street NW)(Brief Article)
July 20, 2001... The original redevelopment plans for the historic Atlantic Building at 930 F St. NW are history. Market conditions forced the building's owner, D.C.-based Bernstein Cos., to halt redevelopment after demolition occurred, leaving a red...

Ahold to boost Peapod stake.(Royal Ahold N.V. to buy all of subsidiary Peapod Inc.)(Brief Article)
July 20, 2001... Just days after the collapse of two of the country's largest online grocers, Dutch-food distribution giant Ahold said July 16 it wants to buy the remaining 42 percent of its subsidiary Peapod. Ahold, which already owns 58 percent of the...

Orbital continues divestitures.(Orbital Sciences Corp. sells stake in MacDonald, Dettwiler and Associates and in Magellan)(Brief Article)(Statistical Data Included)
July 20, 2001... Orbital Sciences sold off the last of its stake in a Canadian space technology company July 18, raising $19 million. The Dulles-based company says it will use the proceeds from the sale of its 1.65 million shares of MacDonald, Dettwiler...

NCRC's lack of urgency doesn't inspire confidence.(National Capital Revitalization Corp.)(Brief Article)(Editorial)
July 20, 2001... For most major cities, redevelopment is more crucial than new development in revitalizing urban areas. Nowhere is this more evident than the nation's capital, where the District's recovery has been slowed by inept management of the...

Of course, that's just my opinion ...(newspapers can never be truly objective)(Brief Article)(Editorial)
July 20, 2001... Anyone who tells you a newspaper can be objective is lying. Objectivity is an ideal -- a lofty and unachievable ideal dreamed up by someone who believed it would lend more credibility to the news. Instead, it gave us an impossible...

Don't count on consumers to bail us out.(economic forecasts may be overly optimistic)(Brief Article)(Column)
July 20, 2001... Just who is the "heroic consumer?" And why is he so darned popular? A rash of pundits have recently come out in praise of this elusive creature, asserting that he, and he alone, holds the key to a quick economic recovery. "It's easy...

INTERNET MACHINES.(Internet Machines Corp. gets funding)(Brief Article)
July 20, 2001... Fremont, Calif.-based INTERNET MACHINES scored a $41 million series C round from new investors. Exar and Banc of America Securities join Morgan Stanley Dean Witter, Redpoint Ventures, Meritech Capital and others, funding the developer of...

PHILLIPS PROGRAMS.
July 20, 2001... Annandale-based PHILLIPS PROGRAMS hosted a gala dinner/auction at the McLean Hilton that raised more than $225,000 for its programs that serve children with severe behaviorial, emotional and learning disabilities and their families.

Asset transfer hits snag.(D.C. abolishes land agency )(Government Activity)
July 13, 2001... D.C. abolishes land agency but won't give new group control 'until they do their homework' District revitalization is suddenly in new hands, with the National Capitalization Revitalization Corp. taking control of dozens of surplus city...

Microsoft opens windows into Reston space.(Signs lease for 50,000 square feet location in Reston)(Brief Article)
July 13, 2001... Looks like Microsoft has bought into the old adage to "keep your friends close, but keep your enemies closer." Microsoft soon may sign a lease for 50,000 square feet in Reston, just a few miles from its archrival, America Online. ...

Grand Old Picnic.(Washington area's tech lobbying group)(Government Activity)(Brief Article)
July 13, 2001... CAPNET, the Washington area's tech lobbying arm, is supposed to be a nonpartisan organization. But its executive director, TIM HUGO, isn't afraid to show his political colors on the weekend. On July 7, Hugo hosted a fund-raising...

Prince George's contractor.(Nigerian ambassador's Chevy Chase residence contract)(Government Activity)(Brief Article)
July 13, 2001... A Prince George's contractor has a beef with Nigeria. Kensington-based PINNACLE CONTRACTORS has filed suit in Montgomery County Circuit Court against the Nigerian government and PAWA COMPLEX INTERNATIONAL -- a Florida architect --...

BERNSTEIN COS.(Parking garage renovation)(Brief Article)
July 13, 2001... Bernstein plans to renovate the parking garage and redevelop the two-level retail plaza, ESPLANADE MALL, which includes a CVS drug store and TEQUILA GRILL. The D.C.-based BERNSTEIN COS. has purchased 1990 K St. NW, a nine-story...

ALEXANDRIA CONVENTION & VISITORS ASSOCIATION.(Alexandria tourism study)(Government Activity)(Brief Article)
July 13, 2001... Tourism officials in Alexandria want to know who's been walking their streets. The ALEXANDRIA CONVENTION & VISITORS ASSOCIATION has hired New Brunswick, N.J.-based NFO PLOG RESEARCH to conduct a yearlong, $30,000 visitor profile study....

CAREFIRST BLUECROSS BLUESHIELD.
July 13, 2001... Health insurance industry insiders expect CAREFIRST BLUECROSS BLUESHIELD to follow through with for-profit conversion plans this month. DOUGLAS SHERLOCK, who tracks Blue's plans for SHERLOCK CO., anticipates the Owings Mills, Md.-based...

CORRECTIONS.(Brief Article)(Correction Notice)
July 13, 2001... * Brian Sorrentino, one of the investors in a haircolorxpress franchise group, is from Germantown. He was incorrectly identified in the July 6-12 issue. * Dietz Construction should have ranked ninth on the List of largest interior...

UPS & DOWNS.
July 13, 2001... Winners and losers this week in Greater Washington business. [up arrow] Microsoft: Welcome to town. Here's the good news: People are much nicer outside the Beltway. [up arrow] Ted Leonsis: First he bought the rest of the team. Then...

Md. high on employment.(Maryland employment)(Brief Article)(Statistical Data Included)
July 13, 2001... During the month of May, Maryland employment reached the second-highest level on record since 1978 and an all-time high for the month. Nearly 17,000 job seekers entered the labor market, pushing the labor force to a high for the year of...

WebMethods jettisons 160 jobs.(Brief Article)
July 13, 2001... Integration software maker webMethods dropped its first-quarter earnings guidance and says it will cut 15 percent of its staff -- or about 160 employees. The Fairfax-based software company blamed "challenging economic times" for the...

NE shopping center under way.
July 13, 2001... District officials and developers broke ground for the Brentwood Road Shopping Center in Northeast Washington June 11. Housing a Home Depot, Kmart and Giant Food, the nearly 300,000-square-foot retail complex is a big win for the...

Akridge, Holladay raise $68M project.(office and condo project at corner of Wilson Boulevard and Hartford Street in Clarendon, VA)(Brief Article)
July 13, 2001... Speculative office development isn't a thing of the past in Northern Virginia. The John Akridge Cos. will break ground this month on a 212,000-square-foot office building at the corner of Wilson Boulevard and Hartford Street in...

MdBio halts award program.
July 13, 2001... A $100,000 investment can stretch a long way, particularly for a bioscience startup like New Hope Pharmaceuticals. Just ask David Hankins, founder of the Columbia-based company. Hankins was able to happily relinquish his CEO hat thanks to...

Hughes opens $20M nerve center with high hopes.(Hughes Network Systems control room in Germantown, MD)(Brief Article)
July 13, 2001... Inside a gleaming new 43,000-square-foot building, in a space-age control room with massive computer screens and humming terminals, lies the future of the multibillion dollar empire that is Hughes Electronics. Here, at the far-flung...

SAIC loses Verizon deal, to cut 139 telecom jobs.(Science Applications International Corp.)(Brief Article)
July 13, 2001... As the local Internet industry crumbles around them, old line contractors have been quietly growing their businesses and reinforcing the notion that federal contractors are safe during hard times. But even the federal techies aren't...

Enterprising NEA sniffs out partners for Reston.(New Enterprise Associates)(Brief Article)
July 13, 2001... New Enterprise Associates is looking for a few good partners. The giant venture capital firm -- with offices in Reston, Baltimore and Silicon Valley -- is looking to beef up its East Coast operation by adding a life sciences partner in...

Bikers bag a Giant partner for third annual event.(Washington Area Bicyclist Association's bike ride through Washington gets Giant Food as sponsor)(Brief Article)
July 13, 2001... Giant Food has signed on as the first title sponsor of the Washington Area Bicyclist Association's (WABA) annual bike ride through Washington. The Sept. 23 event will be known as Giant Food Bike DC. The contract is for one year, but...

Strayer plans campus over Court House Metro station.(Strayer University)(Brief Article)
July 13, 2001... Strayer University will relocate its Arlington campus from Columbia Pike to a new facility atop the Court House Metro Station. The Jenco Group of Arlington is developing a three-story building to be constructed over the entrance to the...

Greyhound steers N.Y. line toward Union Station.(bus service from New York City)(Brief Article)
July 13, 2001... Greyhound Lines is negotiating bringing the bus system's Washington-to-New York service to Union Station. Greyhound (www.greyhound.com) now operates the route out of its main terminal, a few blocks from Union Station. Greyhound executives...

Skate park plan rolls through Arlington.(Brief Article)
July 13, 2001... Skaters have flocked to Arlington for some time now, using the handrails in Rosslyn to do their stunts. Now, they'll be able to skate in Arlington legally. The county has awarded a $198,000 contract to Oculus, a Washington-based...

Network dials for radio scripts en Espanol.(Brief Article)
July 13, 2001... Bethesda-based North American Network will launch a Web site this month to give Spanish-language radio stations a better way to communicate with their listeners. The site (www.radioespacio.net) will compile scripts and sound bytes in...

Post, Times try to read intentions of competitor.(Brief Article)
July 13, 2001... If you saw the movie "Jurassic Park," you may recall a scene in which a cup of water begins to vibrate with each heavy footstep of an approaching dinosaur. The actors freeze, wondering whether to stay and fight or run away. Newspaper...

Supporters hope Alexandria project will be a 'cornerstone'.(Brief Article)
July 13, 2001... As Alexandria's Carlyle community prepares for the Patent & Trademark Office headquarters to open in 2003, nearby office, residential and retail projects are gaining steam. One of the biggest efforts is Hoffman Management's 6...

Anne Arundel ponders hatching an incubator.(Brief Article)
July 13, 2001... ANNE ARUNDEL COUNTY is the latest locality looking to get into the business incubator game. The county's economic development corporation (AAEDC) is searching for a consultant to conduct a $30,000 feasibility study on whether the suburb...

JIM GILMORE.(Virginia's governor hoping that money will improved economically-depressed rural area)(Brief Article)
July 13, 2001... Virginia officials continue to pour money into the economically depressed southwestern parts of the state. Gov. JIM GILMORE recently announced a $18.1 million community development package for Southwest and another $12.1 million for the...

White House.(Brief Article)
July 13, 2001... The event, which promote the America's Promise mentoring coalition, also was attended by PRESIDENT BUSH and Secretary of State COLIN POWELL. In other election news, Earley got a chance to strut his stuff at the White House recently when...

VIRGINIA TECH UNIVERSITY.(Setting in motion plans to increase high-tech relations, and services)(Brief Article)
July 13, 2001... The latest move by Tech administrators is a newly formalized technical assistance program. The program, which allows businesses to tap university expertise and get answers or analysis in as few as two or three working days, had operated as a...

Maryland business.(Maryland Chamber of Commerce to discuss transportation issues)(Brief Article)
July 13, 2001... The MARYLAND CHAMBER OF COMMERCE (www.mdchamber.org) and its one of its top officials, former state transportation secretary DAVID WINSTEAD, will meet Aug. 8 with local chambers to discuss transportation. Maryland business leaders are...

MARYLAND CHAMBER.(Brief Article)
July 13, 2001... And although Internet surveys aren't exactly scientific, the results are quite pessimistic. Sixty percent of those responding to chamber's poll say business is worse. Another 20 percent say they're closing their doors. Speaking of the...

Behind closed doors, VCs communicate pessimistic tone.(Brief Article)
July 13, 2001... Still waiting for that second-half turnaround in the economy? Don't hold your breath. Perhaps no group has a better view of the true state of the economy than venture capitalists. VCs are intimately involved in small, fast-growing...

WEBMERGERS.(Brief Article)(Statistical Data Included)
July 13, 2001... Adding to the corporate gloom is a recent study by San Francisco-based research firm WEBMERGERS, which says Internet firms continue to close their doors at a rapid rate. At least 53 Internet companies shut down in June, one fewer than at...

MICROSTRATEGY.(Brief Article)
July 13, 2001... Despite renegotiating terms of its financing agreement twice in recent months, MICROSTRATEGY apparently was unable to prevent at least some shareholder dilution. In an 8-K report filed with the SECURITIES AND EXCHANGE COMMISSION July 5,...

CENTURY CLUB GRUBSTAKE BREAKFAST.(Brief Article)
July 13, 2001... Five local firms are set to present at the July 26 CENTURY CLUB GRUBSTAKE BREAKFAST at the Ritz-Canton in Tysons Corner: Arlington-based CACHEBOX, Gaithersburg-based EKA SYSTEMS, Fairfax-based LGA, and BEICOM and COMMERCE DESIGNS...

Report finds fast growth isn't unique to tech hubs.(CENSUS BUREAU data )(Government Activity)(Brief Article)(Statistical Data Included)
July 13, 2001... The NATIONAL COMMISSION ON ENTREPRENEURSHIP hopes local officials will use data it has collected on the number of high-growth companies in every region of the country to improve their business climates. The commission (www.ncoe.org) used...

SENATE SMALL BUSINESS COMMITTEE.(Brief Article)
July 13, 2001... Entrepreneurs will get more attention from the new chairman of the SENATE SMALL BUSINESS COMMITTEE (www.senate.gov/[sim]sbc), who added "Entrepreneurship" to the panel's name. Sen. JOHN KERRY, D-Mass., says the name change "sends the...

SBA.(Venture capital companies will invest in small businesses in low-income areas)(Government Activity)(Brief Article)
July 13, 2001... The SBA (www.sba.gov) selected seven new venture capital companies to invest in small businesses in low-income areas. This new program, initiated by the Clinton administration, may be short-lived, however. The Bush administration's budget...

Inside Sales.(Brief Article)
July 13, 2001... Legislation to exempt "inside sales" employees from minimum wage and overtime laws barely cleared its first hurdle. A HOUSE subcommittee voted 8-6 in favor of the legislation, which applies to employees with specialized knowledge -- not...

BRPAA vacancies giving District indigestion.(D.C. property owners' assessment disputes)(Government Activity)(Brief Article)
July 13, 2001... Optimists see the city's BOARD OF REAL PROPERTY ASSESSMENTS AND APPEALS as half full. Pessimists see it as half empty. Both would be correct -- there are nine vacancies on the 18-member board. Either way, BRPAA (phonetically referred to...

NATIONAL CAPITAL REVITALIZATION CORP.(long-term waterfront lease )(Brief Article)
July 13, 2001... The NATIONAL CAPITAL REVITALIZATION CORP.'s recent $3.15 million purchase of a long-term waterfront lease seems like a steal for the District's newly formed development organization -- except for one thing. The District already owns the...

OFFICE OF TAX AND REVENUE.(District properties )(Government Activity)(Brief Article)
July 13, 2001... Other District properties for sale -- worth $15 million, but with a few strings attached -- go on the block July 16. That's when the OFFICE OF TAX AND REVENUE (www.cfo.dc.gov) conducts its annual tax lien sale. Owners of commercial and...

Novavax jumps exchanges, pockets King investment.(listed on Nasdaq)(Brief Article)
July 13, 2001... Emerging bioscience firm NOVAVAX made some waves in early July with a couple of announcements that could significantly raise the Columbia-based company's profile. Novavax (www.novavax.com), which develops drugs for women's health and...

INVITROGEN.(CIPHERGEN BIOSYSTEMS Inc. buys LIFE TECHNOLOGIES Inc. div.)(Brief Article)
July 13, 2001... INVITROGEN -- which acquired Rockville-based LIFE TECHNOLOGIES and 2,300 employees in July 2000 -- sold a part of its business June 25 for $12 million. The bioscience firm (Nasdaq: IVGN) agreed to sell its BIOSEPRA division to CIPHERGEN...

THERAMED.(Hires new member of scientific advisory board)(Brief Article)
July 13, 2001... THERAMED, a spinoff of Rockville-based ENTREMED (www.entremed.com), bolstered its executive staff recently when it added J. STARK THOMPSON to its board and MALCOLM BRENNER to its scientific advisory board. Thompson has been in the life...

SPHERIX.(will begin trading on Nasdaq )(Brief Article)
July 13, 2001... SPHERIX (www.spherix.com) will begin trading on Nasdaq July 16 under the symbol SPEX. The company was trading under BINC. The ticker change reflects the company's name change from Biospherics in December. Spherix is a Beltsville-based...

JANET CAMPBELL.(named president of INFORMEDIX)(Brief Article)
July 13, 2001... JANET CAMPBELL has been named president of INFORMEDIX, a biomedical company based in Rockville. Campbell previously served as president and CEO of MACH DIAGNOSTICS where she helped raised two rounds of capital and developed a sales team of...

AROS.(sold assets to Cerner)(Brief Article)
July 13, 2001... AROS, formerly APACHE MEDICAL SYSTEMS, announced July 5 that it has completed the sale of its assets and certain liabilities to CERNER of Kansas City, Mo. McLean-based Aros received an injection of $3.55 million in cash as part of the...

Nightclub owner to turn spotlight on new magazine.(Brief Article)
July 13, 2001... Don't be surprised to see another entry into Greater Washington's fluctuating nightlife-magazine scene. JOHN BOYLE -- owner of Southeast D.C. nightclub NATION, among others -- is working with a few partners to finance and create a...

KIRCHER.(names Richard Gilroy new creative director)(Brief Article)
July 13, 2001... D.C. ad agency KIRCHER has a new creative director. RICHARD GILROY signed on after leaving his post as associate creative director for the Bethesda office of New York-based EARLE PALMER BROWN. Gilroy, who earned a journalism degree at...

BENSUSSEN DEUTSCH & ASSOCIATES.(opens office in Herndon, VA)(Brief Article)
July 13, 2001... BENSUSSEN DEUTSCH & ASSOCIATES has opened a marketing shop in Herndon, in large part to support its work with AMERICA ONLINE. The subsidiary of New York-based AOL TIME WARNER recently picked BD&A to help with its promotions and to design...

XM SATELLITE RADIO.(redesigns its Web site)(Brief Article)
July 13, 2001... District-based XM SATELLITE RADIO has redesigned its Web site to lure visitors before it launches its service late this summer. The upgraded site (www.xmradio.com) offers samples of XM's sound as well as information on XM radios and...

PORTER NOVELLI.(former executive John Jordan to run Aker Partners' health technology practice)(Brief Article)
July 13, 2001... Former PORTER NOVELLI executive JOHN JORDAN will form The Aker Partners' new health technology practice. District-based Aker (www.akerpartners.com) specializes in marketing communications for health care, technology and public affairs....

Monument brings faith to submarkets a bit closer to D.C.(Monument Realty)(Brief Article)
July 13, 2001... Confidence in the office market is hard to come by in Northern Virginia. MONUMENT REALTY knows this better than anyone. Two of the developer's projects, PRESIDENTS PARK and MONUMENT @ WORLDGATE in Herndon, are tech campuses with tenant...

GRUBB & ELLIS.(Washington D.C. area real estate market softens)(Brief Article)(Statistical Data Included)
July 13, 2001... From feast to famine. That's how GRUBB & ELLIS summarized its latest report on the local real estate market. The diversification of D.C.'s tenant base has helped it remain fairly solid. However, some of the numbers are staggering. ...

ACTERNA.(headquarters building)(Brief Article)
July 13, 2001... TUCON CONSTRUCTION (www.tucon.com) of Dulles just started building the 130,000-square-foot office and manufacturing building, designed by Hickok Warner Fox Architects. ACTERNA is forging ahead with the development of its...

RESIDENCES AT ROSEDALE PARK.(property under development)(Brief Article)
July 13, 2001... The developer is Gaithersburg-based MAGRUDER COS., and architect is DORSKY HODGSON + PARTNERS. The 164-unit RESIDENCES AT ROSEDALE PARK mixed-use community has received approval from the Montgomery County Planning Board and is scheduled...

JPI.(development of Jefferson at Penn Quarter)(Brief Article)
July 13, 2001... The 11-story building will incorporate a 250-seat live performance theater, theatrical school and 44,000 square feet of retail, which may include a grocery, restaurant and coffee shop. The 1.74-acre lot at Jefferson at Penn Quarter includes...

Krispy Kreme to flip switch on 'hot' signs all over city.(doughnut store will expand)(Brief Article)
July 13, 2001... The maker of the melt-in-your-mouth, I-can't-believe-I-ate-the-whole-box doughnut is Coming to Washington. In a big way. KRISPY KREME DOUGHNUTS, with only one store in Greater Washington (on Richmond Highway in Alexandria), has plans for...

GREATMEALS.COM.(closes for renovation)(Brief Article)
July 13, 2001... GREATMEALS.COM, which launched at the end of 2000 with its frozen-meals-over-the-Internet concept, has hit a snag. A recorded phone message says the company is closed for renovation and will reopen this fall. The Bethesda company was...

JOS. A. BANK CLOTHIERS.(Jos. A. Bank Clothiers Inc. open four new stores)(Brief Article)
July 13, 2001... Even though JOS. A. BANK CLOTHIERS recently announced the opening of four new stores, the Hampstead, Md.-based menswear chain has scaled back its plans to open as many as 30 stores this year. The clothing store company, which has opened...

LAKEFOREST MALL.(includes multiple shopping mall articles)(Brief Article)
July 13, 2001... LAKEFOREST MALL has opened several retail shops recently, including REEDS JEWELERS; WHITEHALL JEWELLERS; FOREVER 21, a women's apparel store; and BRITCHES GREAT OUTDOORS. FRANKLIN COVEY and RED ROBIN, a 6,400-square-foot burger...

PAMELA RUCKER.(joins Discovery Consumer Products)(Brief Article)
July 13, 2001... PAMELA RUCKER, who has been a spokeswoman for the NATIONAL RETAIL FEDERATION, is moving on. Rucker has taken a newly created position as vice president of communications for DISCOVERY CONSUMER PRODUCTS. That division oversees the chain...

Sports Wave bags new client with super connections.(Sports and Entertainment Direct)(Brief Article)
July 13, 2001... SPORTS WAVE took a step toward building national recognition late in June, as the Washington-based sports public relations. firm signed new client, Marietta, Ga.-based SPORTS & ENTERTAINMENT DIRECT. Sports Wave will provide media...

MAJOR LEAGUE SOCCER.(D.C. United hirings, promotions)(Brief Article)
July 13, 2001... As the team struggles to hit its stride on the field, D.C. UNITED made a host of front-office moves early in July. The MAJOR LEAGUE SOCCER team hired DOUG HICKS as senior director of communications July 2. Hicks will oversee all public...

D.C. UNITED.(boys soccer team will be sponsored by American Eagle Outfitters)(Brief Article)
July 13, 2001... D.C. UNITED's under-14 boys soccer team nabbed a prominent national sponsor: AMERICAN EAGLE OUTFITTERS of Warrendale, Penn. ADIDAS will continue to be the team's uniform supplier. The youth soccer team plays in UNITED SOCCER LEAGUES'...

NVTC Foundation rakes in $500,000 ahead of schedule.(Northern Virginia Technology Council)(Brief Article)
July 13, 2001... Even though its members have been hit hard by the tech shakeout, the NORTHERN VIRGINIA TECHNOLOGY COUNCIL has found its members still are in a generous mood when it comes to philanthropy. The NVTC FOUNDATION, launched earlier this year...

COREEXPRESS.(chief executive officer Mike Gaddis quits)(Brief Article)
July 13, 2001... MIKE GADDIS, who looked like he was on his way to being one of the new leaders in the D.C. area's telecom industry, has quit his job as CEO of COREEXPRESS. Gaddis is leaving behind a company that has a ton of financing -- $695 million in...

DON UPSON.(Brief Article)
July 13, 2001... After unsuccessful attempts to lure Virginia's tech secretary DON UPSON to Washington, the BUSH administration has turned to Silicon Valley. President Bush has named PHIL BOND, director of federal policy at HEWLETT-PACKARD,...

VC investment.(Brief Article)
July 13, 2001... The summer doldrums have descended on the venture capital industry. While overall VC investment in the Washington region is down, the summer is even slower, as venture capitalists take long vacations and the sales cycle for companies slows....

MIKE SAYLOR.(Brief Article)
July 13, 2001... Take a look at this number: 1,000,000,000,000,000. No, it's not BILL GATES' net worth. And it's not the amount of money MIKE SAYLOR lost last year. It's the size, in bytes, of the database being built by Rockville-based FILETEK for...

TOWER SOFTWARE.(wins Electronic Data Systems Corp. contract)(Brief Article)
July 13, 2001... Subcontracting for the federal government may not sound like the coolest part of the new economy, but don't tell Reston-based TOWER SOFTWARE. The software firm, which makes content-management and document retrieval software, landed a...

Humphrey REIT looks at management arm options.(real estate investment trust)(Brief Article)
July 13, 2001... Columbia-based HUMPHREY HOSPITALITY TRUST is nearing a decision on whether to restructure the leases with its operating arm HUMPHREY HOSPITALITY MANAGEMENT. The management arm was formed to run the 92 hotels in the hospitality real...

RESIDENCE INN-WASHINGTON.(sold to JWM Family Enterprises)(Brief Article)
July 13, 2001... The 202-suite RESIDENCE INN-WASHINGTON. D.C. AT THOMAS CIRCLE has changed hands. Sources say the hotel -- located at 1199 Vermont Ave. NW -- sold to JWM FAMILY ENTERPRISES for about $38.5 million. The Residence Inn was under contract...