Washington Business Journal articles from November 1990

Washington Business Journal archives from November 1990

Clean air act launches new D.C. industry; futures market emerges for clean air allowances.
November 26, 1990... Clean Air Act launches new D.C. industry Very rarely in the business world is a whole new market and industry created in one day, but that's exactly what occurred this month when President Bush signed the Clean Air Act. And it's an...

Goodwill goes upscale and finds consumer loyalty. (Goodwill Industries, thrift shops in the Washington D.C. area)
November 26, 1990... Goodwill goes upscale and finds consumer loyalty Even thrift stores are feeling competive pressure in the Washington market. With the aggressive expansion of discounters, offpricers and repositioning of major mass merchandisers like...

As Christmas approaches, retailers see modest gain.
November 26, 1990... As Christmas approaches, retailers see modest gain After years of double-digit gains during the holiday season, Washington area retailers are anticipating only modest growth this Christmas and have prepared for the downturn by reducing...

Kettler yanks ritzy townhomes. (Kettler Brothers Inc. postpones development)
November 26, 1990... Kettler yanks ritzy townhomes Suffering sluggish sales in its Georgetown project, Kettler Bros. Inc. has postponed development of a long-planned, high-end $25 million townhouse complex in Kalorama and, with partner Peter N.G. Schwartz Co.,...

Blockbuster's franchisees set to clean up with Erol's deal. (Blockbuster Entertainment Corp.)
November 26, 1990... Blockbuster's franchisees set to clean up with Erol's deal When Marvin Bush and several friends and business associates decided to get in on a local Blockbuster Video franchise about a year ago, securing sites in its territory was the...

Trustbank records second quarter loss. (Trustbank Savings)
November 26, 1990... Trustbank records second quarter loss Trustbank Savings in Tysons Corner posted a net loss of $8.7 million in its second fiscal quarter ended Sept. 30, compared to a net profit of $218,000 for the same quarter last year. For the first...

Quarterly loss clouds future of Geostar Corp.
November 26, 1990... Quarterly loss clouds future of Geostar Corp. Geostar Corp. reported flat revenues and a larger loss for the third quarter compared to a year ago, putting the financial viability of the start-up Washington satellite company in more doubt....

Lynn Sutcliffe: between energy crises, lawyer builds a conservation company. (Sycom Corp.) (company profile)
November 26, 1990... Lynn Sutcliffe Lynn Sutcliffe was staff attorney for the Senate Commerce Committee in 1973 when the first energy crisis hit, causing gas shortages, price hikes and eventually the creation of the Department of Energy. "Everyone was...

Battle erupts over $540 million contract for Navy computers.
November 26, 1990... Battle erupts over $540 million contract for Navy computers A fierce legal battle over a $540 million military computer contract has erupted between government officials, companies competing for the work and companies who would like to get...

D.C. firm plans to set up cheap satellite network. (Ellipsat Corp.; cellular phone industry)
November 26, 1990... D.C. firm plans to set up cheap satellite network With many companies attempting to build grandiose satellite communications networks, newly formed Ellipsat Corp. of D.C. has more modest ambitions: It wants to build a low-cost satellite...

Computer protests soar as market tightens up. (federal government and computer contracts)
November 26, 1990... Computer protests soar as market tightens up LEgal challenges to the federal government's award of computer contracts more than doubled in the last two years, a trend which most observers believe will continue as companies face financially...

Orkand wins pact with cancer agency. (National Cancer Institute)
November 26, 1990... Orkand wins pact with cancer agency The Orkand Corp. of Silver Spring has won a five-year contract worth $4.5 million to provide clinical data management and data support services to the National Cancer Institute. Under the terms of...

First American: bank says it's not as unhappy in Hampton Roads as it thought. (Capital Region News)
November 26, 1990... First American Bank says it's not as unhappy in Hampton Roads as it thought First American Bank of Virginia will no longer pursue the sale of its branches and operations in the Hampton Roads area. First American has 26 branches,...

Residence Inn-Tysons: hotel to be sold as part of larger buy by Japanese. (Hotel Investors Trust selling hotel to Park Plaza Inc.)(Capital Region News)
November 26, 1990... Residence Inn-Tysons Hotel to be sold as part of larger buy by Japanese Shareholders in San Diego-based Hotel Investors Trust will meet Dec. 20 to vote on the sale of 27 of the Trust's hotels to Park Plaza inc., an affiliate of EIE...

Fairchild Corp.: Banner Industries renamed; consolidates in Loudoun Co. (Capital Region News)
November 26, 1990... Fairchild Corp. Banner Industries renamed; consolidates in Loudoun Co. Banner Industries Inc. has completed its name change and move from Cleveland to Loudoun County. The firm now trades on the New York Stock Exchange as The Fairchild...

US Business Interiors. (New Businesses)
November 26, 1990... US Business Interiors US Business Interiors, a Steelcase/Stow & Davis office furniture dealership, has opened a sales office and distribution center servicing the greater Washington area. US Business Interiors is a subsidiary of BKM, one...

The Magical Animal Inc. (New Businesses)
November 26, 1990... The Magical Animal Inc. The Magical Animal Inc. is a gift shop for people who love animals. The shop has unique collections of all handcrafted animal imagery items. The location of the shop is at 2409 18th St. NW in the heart of Adams...

Primark Corp. (Earnings and Dividends)
November 26, 1990... Primark Corp., McLeam Primark Corp., McLean, repurchased 280,000 shares of its stock for $5.75 from one shareholder and may buy to 720,000 additional shares.

Rouse Co. (Earnings and Dividends)
November 26, 1990... Rouse Co. Rouse Co., Columbia, reported earning $707,000 on revenue of $131 million for the third quarter. This compares with earning $1.5 million, or 2 cents a share, on revenue of $122 million for the same period last year.

JHM Mortgage Securities L.P. (Earnings and Dividends )
November 26, 1990... JHM Mortgage Securities JHM Mortgage Securities L.P., McLean, reported earning $719,000, or 14 cents a unit, on revenue of $5 million for the third quarter. This compares with earning $1.7 million, or 35 cents a unit, on revenue of $7.1...

Penril Corp. (Earnings and Dividends)
November 26, 1990... Penril Corp. Penril Corp., Gaithersburg, reported earning $1.2 million, or 24 cents a share, on revenue of $12.4 million for the third quarter. This compares with earning $803,000, or 17 cents a share, on revenue of $10.3 million for the...

Verdix Corp. (Earnings and Dividends)
November 26, 1990... Verdix Corp. Verdix Corp., Chantilly, reported earning $147,000, or 1 cent a share, on revenue of $3.2 million for the third quarter. This compares with earning $232,000,or 2 cents a share, on revenue of $2.4 million for the same period...

North American Vaccine Inc. (Earnings and Dividends)
November 26, 1990... North American Vaccine Inc. North American Vaccine Inc., Beltsville, reported losing $434,000 or 5 cents a share, on revenue of $1.1 million for the third quarter. This compares with losing $1.2 million, or 16 cents a share, on revenue of...

Hanger Orthopedic Group Inc. (Earnings and Dividends)
November 26, 1990... Hanger Orthopedic Group Hanger Orthopedic Group Inc., Bethesda, reported losing $81,000, or 1 cent a share, or revenue of $5 million for the third quarter. This compare with lossing $116,000, or 1 cent a share, on revenue of $3.4 million...

Genex Corp. (Earnings and Dividends)
November 26, 1990... Genex Corp. Genex Corp., Gaithersburg, reported losing $1.1 iillion, or 6 cents a share, on revenue of $817,000 for the third quarter. This compares with losing $1.6 million, or 8 cents a share, on revenue of $1.1 million for the same...

Star Technologies Inc. (Earnings and Dividends)
November 26, 1990... Star Technologies Inc. Star Technologies Inc., Sterling, reported losing $256,000, or 4 cents a share, on revenue of $7.8 million for the third quarter. This compare with losing $1.3 million, or 9 cents a share, on revenue of $8.9 million...

Cerbco Inc. (Earnings and Dividends)
November 26, 1990... Cerbco Inc. Cerbco Inc., Bailey's Crossroads, reported losing $526,000, or 36 cents a share, on revenue of $7.9 million for the third quarter. This compares with earning $3,000 on revenue of $9.4 million for the same period last year.

Oncor Inc. (Earnings and Dividends)
November 26, 1990... Oncor Inc. Oncor Inc., Gaithersburg, reported losing $983,000, or 4 cents a share, on revenue of $696,000 for the third quarter. This compares with losing $440,000 or 8 cents a share, or revenue of $651,000 for the same period last year.

Interstate General Co. L.P. (Earnings and Dividends)
November 26, 1990... International General Co. L.P. Interstate General Co. L.P., St. Charles, reported earning $83,000, or 1 cent a share, on revenue of $14.7 million for the third quarter. This compares with earning $2.6 million, or 26 cents a share, on...

Halifax Engineering Inc. (Earnings and Dividends)
November 26, 1990... Halifax Engineering Inc. Halifax Engineering INc., Alexandria, reported earning $238,000, or 20 cents a share, on revenue of $7.6 million for the third quarter. This compares with earning $58,000, or 5 cents a share, on revenue of $6.9...

Banner Industries Inc. (Earnings and Dividends)
November 26, 1990... Banner Industries Inc. Banner Industries Inc., Chantilly, reported earning $20.2 million, or $1.18 a share, on revenue of $123 million for the third quarter. This compares with earning $200,000 on revenue of $157 million for the same...

Versar Inc. (Earnings and Dividends)
November 26, 1990... Versar Inc. Versar Inc., Springfield, reported losing $313,000, or 8 cents a share, on revenue of $14.1 million for the third quarter. This compares with earning $400,000, or 11 cents a share, on revenue of $15.2 million for the same...

General Sciences Corp. (Earnings and Dividends)
November 26, 1990... General Sciences Corp. General Corp., Laurel, reported earning $172.000 or 9 cents share, on revenue of $14.1 million bor the year ended in July. This compares with earning $971,000, or 50 cents a share, on revenue of $19.1 million for...

Bresler & Reiner Inc. (Earnings and Dividends)
November 26, 1990... Bresler & Reiner Inc. Bresler & Reiner Inc., Washington, reported earning $2.9 million, or 98 cents a share, on revenue of $31.2 million for the first nine months. This compares with earning $4.3 million, or $1.52 a share, or revenue of...

Infodata Systems Inc. (Earnings and Dividends)
November 26, 1990... Infodata Systems Inc. Infodata Systems Inc., Falls Church, reported earning $60,000, or 1 cent a share, on revenue of $3.2 million for the third quarter. This compares with earning $121,000, or 5 cents a share, or revenue of $3.4 million...

Comnet Corp. (Earnings and Dividends)
November 26, 1990... Comnet Corp. Comnet Corp., Grennbelt, reported earning $272,000, or 10 cents a share, on revenue of $6.2 million for the third quarter. This compares with earning $150,000, or 6 cents a share, on revenue of $5.4 million for the same...

Essex Corp. (Earnings and Dividends)
November 26, 1990... Essex Corp. Essex Corp., Columbia, reported losing $37,000, or 2 cents share, on revenue of $6.3 million for the third quarter. This compares with earning $2,000 on revenue of $8.1 million for the same period last year.

Federal Realty Investment Trust. (Earnings and Dividends)
November 26, 1990... Federal Realty Investment Federal Realty Investment Trust, Bethesda, reported earning $1.3 million, or 8 cents a share, on revenue of $22.4 million for the third quarter. This compares with earning $739,000, or 5 cents a share, on revenue...

Diagnon Corp. (Contracts)
November 26, 1990... Diagnon Corp. Diagnon Corp. in Rockville won a four-year contract worth $3.6 million to support the National Institute of Mental Health's program for the study of infant and juvenile AIDS/AIDS dementia complex.

University Research Corp. (Contracts)
November 26, 1990... University Research Corp. University Research Corp. in Bethesda won three contracts worth $27 million from the U.S. Agency for International Development and from the Federal Aviation Administration.

GE information Services. (Contracts)
November 26, 1990... GE Information Services GE Information Services in Rockville will provide software, network services and technical support for Canada Trust, a Canadian financial institution.

MCI Communications Corp. (Contracts)
November 26, 1990... MCI Communications Corp. MCI Communication Corp. in Washington signed three-year agreements totaling $31 million to provide telecommunications services to the New York Life Insurance Co., National Westminster Bancorp and Connecticut...

Digital Analysis Corp. (Contracts)
November 26, 1990... Digital Analysis Corp. Digital Analysis Corp. in Reston won a $10 million contract from UNICOR Federal Prison Industries Inc. to supply UNIX computer systems based on Data General' AViiON Family.

Alexandria complex files Chapter 11 reorganization. (Abingdon Apartments L.P.)(Bankruptcies)
November 26, 1990... Alexandria complex files Chapter 11 reorganization Abingdon Apartments L.P. placed its Alexandria apartment complex at 1600 W. Abingdon Drive in Chapter 11 reorganization. The partnership's general partner, Potomac Real Estate Group Inc.,...

Caterair International: inflight cater enlists TechniStar on robotics job. (contract signed)(Capital Region News)
November 26, 1990... Caterair International Inflight cater enlists TechniStar on robotics job Potomac-based Caterair International Corp. signed a contract with TechniStar Corp. in Longmont, Colo., to develop technologies to automate its inflight catering...

Lucas Aerospace: united buys product lines from Acrian Ltd. (Lucas Zeta Inc.)(Capital Region News)
November 26, 1990... Lucas Aerospace Unit buys product lines from Acrian Ltd. Lucas Zeta Inc., a subsidiary of Reston-based Lucas Aerospace Inc., acquired a TV amplifier/module product line, as well as other commercial amplifier products from Acrian Ltd. in...

PharmaKinetics: pharmaceutical lab files for Chapter 11 protection. (Capital Region News)
November 26, 1990... PharmaKinetics Pharmaceutical Lab files for Chapter 11 protection Baltimore-based PharmaKinetics Laboratories Inc. filed for protection from creditors under Chapter 11 of the Federal Bankruptcy Code last week. The drug testing and...

CRI: battle for AIM partnerships zeros in on management fees. (AIM Capital Management Corp.)(Capital Region News)
November 26, 1990... CRI Battle for AIM partnerships zeros in on management fees AIM Capital Management Corp. countered Rockville-based CRI Inc.'s hostile takeover attempt involving four American Insured Mortgage Investors (AIM) limited partnerships. AIM...

Precision Tune: tune-up franchisor plans 100 shops in New England. (Capital Region News)
November 26, 1990... Precision Tune Tune-up franchisor plans 100 shops in New England Initiating a major expansion in New England, Precision Tune Inc. of Sterling has sold franchising rights for the states of Massachusetts and Maine. The Massachusetts...

The Catering People: caterer merges operations with Classic Catering. (Capital Region News)
November 26, 1990... The Catering People Caterer merges operations with Classic Catering Gail Kaplan's Classic Catering and The Catering People, two of Maryland's largest caterers, merged to form The Classic Catering People. The combined firm will have...

Clorox Co.: new plant near Baltimore will idle facility in Frederick. (Capital Region News)
November 26, 1990... Clorox Co. New plant near Baltimore will idle facility in Frederick Clorox Co. of Oakland, Calif., selected Perryman, Md., a Baltimore suburb, as the site for construction of a state-of-the-art production and distribution center. The...

MCI stocks dip in wake of layoffs and forecast of declining revenue. (MCI Communications Corp.)(The Stockyard)
November 26, 1990... MCI stock dips in wake of layoffs and forecast of declining revenue The last two weeks have not been kind to MCI Communications Corp. After announcing it was laying off 1,500 in a corporate restructuring and its revenues could flatten, the...

William E. Sweeney Jr. (People on the Move)
November 26, 1990... William E. Sweeney Jr. William E. Sweeney Jr. was named executive vice president and chief operating officer of BDM International Inc., McLean. In October BDM was acquired by The Carlyle Group. Sweeney succeeds F. N. Hofer in the...

Northwest Baltimore County: vision and commitment make the difference. (Northwest Profile 1991)
November 26, 1990... Northwest Baltimore County Once a densely forested hinterland populated by wild animals and riotous Indians, the northwest corridor of Baltimore County has witnessed significant economic growth, far greater than any early settler could...

Baltimore's Northwest corridor: recent trends in new home activity. (Northwest Profile 1991)
November 26, 1990... Baltimore's Northwest Corridor At a time when the real estate industry is seeing declines in sales activity throughout the region, Baltimore's northwest corridor, led by Owings Mills, continues to be a very residential market. Not only ar...

Owings Mills: office/industrial update. (Northwest Profile 1991)
November 26, 1990... Owings Mills Office and industrial development in Owings Mills are now reaching a critical mass, at which point the grand dreams of early investors and Baltimore County planners will begin to be realized. Buildings which have been...

I-795 corridor demographics and statistics. (Northwest Profile 1991)
November 26, 1990... I-795 Corridor DEMOGRAPHICS and STATISTICS Baltimore County at a Glance LOCATION Situated in north-central Maryland, Baltimore County is the northern anchor of the nation's fastest growing region -- the Baltimore-Washington...

Washington Gas Light Co. (Earnings and Dividends)
November 19, 1990... Washington Gas Light Co., Washington reported losing $8.6 million, or 46 cents a share, on revenue of $100 million for the third quarter. This compares with losing $10.4 million, or 54 cents a share, on revenue of $83.6 million for the same...

Allstate Financial Corp. (Earnings and Dividends)
November 19, 1990... Allstate Financial Corp., Arlington, reported earning $558,000, or 28 cents a share, on revenue of $2.6 million for the third quarter. This compares with earning $335,000, or 19 cents a share, on revenue of $1.4 million for the same period...

Freddie Mac. (Earnings and Dividends)
November 19, 1990... Freddie Mac, Reston, reported earning $123 million, or $2.05 a share, for the third quarter. This compares with earning $112 million, or $1.86 a share, for the same period last year.

Biospherics Inc. (Earnings and Dividends)
November 19, 1990... Biospherics Inc., Beltsville, reported losing $23,000, or 1 cent a share, on revenue of $4.3 million for the third quarter. This compares with losing $116,000, or 3 cents a share, on revenue of $3.7 million for the same period last year.

Optelecom Inc. (Earnings and Dividends)
November 19, 1990... Optelecom Inc., Gaithersburg, reported earning $32,000, or 1 cent a share, on revenue of $1.1 million for the third quarter. This compares with earning $32,000, or 1 cent a share, on revenue of $1.1 million for the same period last year.

GRC International Inc. (Earnings and Dividends)
November 19, 1990... GRC International Inc., Vienna, reported earning $681,000, or 8 cents a share, on revenue of $30.3 million for the third quarter. This compares with losing $394,000, or 4 cents a share, on revenue of $28.5 million million

Avemco Corp. (Earnings and Dividends)
November 19, 1990... Avemco Corp., Frederick, will pay a dividend of 11 cents per share on Jan. 23 to shareholders of record on Dec. 28.

Halifax Engineering Corp. (Earnings and Dividends)
November 19, 1990... Halifax Engineering Inc., Alexandria, reported earning $238,000, or 20 cents a share, on revenue of $7.6 million. This compares to earning $58,000, or 5 cents a share, on revenue of $6.9 million for the same period last year.

Group I Software. (Earnings and Dividends)
November 19, 1990... Group I Software, Greenbelt, reported earning $639,000, or 15 cents a share, on revenue of $5.5 million for the third quarter. This compared to earning $526,000, or 13 cents a share, on revenue of $4.6 million for the same period last year.

Anadac Inc. (Earnings and Dividends)
November 19, 1990... Anadac Inc., Alexandria, reported earning $456,000, or 89 cents a share, on revenue of $15.2 million for three quarters. This compares to earning $547,000, or 98 cents a share, on revenue of $14.2 million for the same period last year.

Gelco Corp. (Earnings and Dividends)
November 19, 1990... Geico Corp., Washington, reported earning $59 million, or $3.87 a share, on revenue of $432 million for the third quarter. This compares with earning $43.8 million, or $2.83 a share, on revenue of $411 million for the same period last year.

Primark Corp. (Earnings and Dividends)
November 19, 1990... Primark Corp., McLean, reported losing $5.9 million, or 31 cents a share, on revenue of $7.1 million for the third quarter. This compares with losing $1.5 million, or 7 cents a share, on revenue of $6.1 million for the same period last year.

Stuckey's, on a roll, maps plan to recapture nation's highways. (fast food chain)
November 19, 1990... Stuckey's, on a roll, maps plan to recapture nation's highways McLean-based firm joins with Dairy Queen to test new concept Once the king of roadside retail, Stuckey's Corp. is taking unprecedented steps to breathe new life into the...

After merger, MCI pares 1,500 in deep cost cutting. (MCI Communications Corp.)
November 19, 1990... After merger, MCI pares 1,500 in deep cost cutting Firm reorganizes regional offices in effort to streamline Employees in MCI Communications Corp.'s regional operations had been bracing all week for a major announcement and at the...

Housing market costs hold steady. (Washington D.C. area)
November 19, 1990... Housing market costs hold steady A recent study shows the median price of single-family houses in the Washington area remained steady in August compared to a year ago -- going from $196,050 last year to $196,550 in 1990 -- while both houses...

2 local banks reject Antonelli restructuring. (Riggs National Bank, First American Bank, Dominic F. Antonelli Jr.)
November 19, 1990... 2 local banks reject Antonelli restructuring Riggs, First American seek to protect $7 million loan Two Washington banks are holding out on a deal that would restructure an estimated $1 billion in loans to Maryland developer Dominic...

2 more companies join Prudential firm. (Noah & Cummings Inc./Mt. Vernon Realty, Robinson Real Estate, merge into Prudential Preferred Properties)
November 19, 1990... 2 more companies join Prudential firm The Prudential Preferred Properties in Bethesda has merged with two residential real estate firms, Noah & Cummings Inc./Mt. Vernon Realty and Robinson Real Estate, with six offices in the Washington...

Rockville biotech firm propers as it shifts focus to private sector. (Microbiological Associates Inc.) (company profile)
November 19, 1990... Rockville biotech firm prospers as it shifts focus to private sector Microbiological Associates started in '50s testing drugs In the mid-1950s, a tiny company in suburban Maryland was hired to test the new polio vaccine for safety....

Treasury pulls bank's minority deposit status. (United States. Department of the Treasury, United National Bank)
November 19, 1990... Treasury pulls bank's minority deposit status James Madison says it will now have to sell United James Madison Ltd. hopes to spin off its United National Bank or merge it with one of its existing banks in the wake of United losing...

Genex layoffs: are they a sign of things to come?
November 19, 1990... Genex layoffs: Are they a sign of things to come? Experts disagree on the direction of biotech industry Gaithersburg-based Genex Corp.'s recent decision to cut its workforce by nearly two thirds could be the harbinger of hard times...

United reports 3rd quarter loss. (United Financial Banking Cos.)
November 19, 1990... United reports 3rd quarter loss United Financial Banking Cos. Inc. in Vienna reported a loss for the third quarter of $199,887, compared to last year's third quarter earnings of $801,018. The bank holding company, owner of the Business...

Hazel/Peterson reducers its land staff. (real estate developer)
November 19, 1990... Hazel/Peterson reduces its land staff Company to focus on asset managing, multifamily units Hazel/Peterson Cos., one of Fairfax County's premiere developers, has significantly reorganized its land and commercial office development...

Whittaker Bioproducts: Maryland company acquires LipoGen Inc. of Tennessee. (Capital Region News)
November 19, 1990... Whittaker Bioproducts Maryland company acquires LipoGen Inc. of Tennessee Whittaker Bioproducts Inc. of Walkersville, Md., has acquired all of the business and assets of Knoxville-based LipoGen Inc. Terms were not disclosed. As...

Network Management: systems integrator to buy Net-Tech Inc. in Georgia. (Capital Region News)
November 19, 1990... Network Management Systems integrator to buy Net-Tech Inc. in Georgia Network Management Inc. completed an agreement to purchase the assets of Net-Tech Inc. of Norcross, Ga., which specializes in design and installation of local...

General Kinetics: electronics maker shuffles operations in Penn., Fla. (Pennsylvania and Florida manufacturing operations restructured as Electronic Enclosure division) (Capital Region News)
November 19, 1990... General Kinetics Electronics maker shuffles operations in Penn., Fla. General Kinetics Inc., of Rockville, restructured its manufacturing operations in Pennsylvania and Florida into a new Electronic Enclosure division. The...

Carlyle Group: D.C. merchant banker pursues Flight International Group. (Capital Region News)
November 19, 1990... Carlyle Group D.C. merchant banker pursues Flight International Group The Carlyle Group, a Washington-based merchant banking firm, executed a non-binding letter of intent with Flight International Group Inc. in Newport News, Va.,...

Telecommunications Techniques: Dynatech subsidiary acquires assets of Intelco Corp. (Capital Region News)
November 19, 1990... Telecommunications Techniques Dynatech subsidiary acquires assets of Intelco Corp. Telecommunications Techniques Corp., a Germantown-based subsidiary of Dynatech Corp., purchased the asset of Intelco Corp. for an undisclosed amount....