Denver Business Journal articles from January 1996

Denver Business Journal archives from January 1996

Steamboat resort up for grabs. (Steamboat Ski Trails, Steamboat Springs, CO)
January 5, 1996... One big Japanese company already has sold the Breckenridge Ski Area; now the Steamboat ski resort appears to be on the block. Resort developer Kamori Kanco Co. Ltd. of Sapporo City, Japan, snapped up Steamboat for a whopping $110 million in...

Rocky: we'll take No.2 spot. (Rocky Mountain News)
January 5, 1996... Tabloid pulls back from Colo. sales The Rocky Mountain News' decision to hand The Denver Post top-gun status in the region is viewed as a shrewd decision by analysts who say the tabloid must cut costly outstate circulation in order to focus...

Telluride skis the 'Net.
January 5, 1996... Small towns find future in cyberspace Colorado's vast open spaces and rugged mountain ranges are home to many isolated towns connected by lonely asphalt roads, but copper and fiber are closing the gaps faster than a new set of radials. More...

Twist & Shout plays big tune. (Denver music store)(includes related article on the music industry)
January 5, 1996... CD retailer expands to go head-to-head with national chains Twist & Shout's new location at 300 E. Alameda in a converted Safeway store has tripled its size - and owner Paul Epstein hopes his expansion will push 1996 sales beyond the $2 million...

Aragon wants to order more pizza. (Joe Aragon acquires the franchises for forty-two Pizza Hut stores in Nebraska)
January 5, 1996... Owning 42 Pizza Huts whets his appetite For Joe Aragon, a Denver-based businessman who made headlines last month when he completed the purchase of 42 Nebraska Pizza Huts, the move represents a key step in safeguarding his interests:...

Cray sale will reap $100,000. (Cray Computer Corp.)
January 5, 1996... Defunct Cray Computer Corp., once poised on the cutting edge of super-computing, may pawn its intellectual property to a low-ball bidder. The bankrupt innovator, which invested an estimated $200 million to develop supercomputer prototypes,...

Telecommunications goes international.(Wiring the West)
January 5, 1996... Denver companies developing relationships, markets overseas As head of United International Holdings Inc.'s adventures in Latin America, David Leonard kept on his toes during his 15 or so trips south of the border last year. Brazil's...

Technical center polishes Sterling's economy. (Sykes Enterprises Inc.)(Wiring the West)
January 5, 1996... Sterling - When one of California's frequent earthquakes shook the West Coast several years ago, technical support specialists in this dusty plains town told shaken callers that all was well at their office. "We just said, 'No, we didn't feel...

Oil firm's pitch a reminder of bad old days. (Fortune Exploration)
January 12, 1996... If an investment sounds too good to be true, it probably is." "Never buy securities over the phone." "Always read the prospectus before putting your money at risk." You've heard these words of advice a zillion times. Here's a personal...

Ridin' cyber range - and making hay. (Paradigm Ranch Inc.)
January 12, 1996... Animators partnering with the big time If you're an animation company and you get a call from the Walt Disney Co. amusement giant to do some work, it's a call that not only makes your day, but a lot of days. Doubly so if you're a startup...

Travel By Dana, Imperial join forces. (Travel By Dana Inc.; Imperial Travel Inc.)
January 12, 1996... Two longtime Denver travel agencies - Imperial Travel Inc. and Travel By Dana - merged their operations to start the new year, in part, as a reaction to last year's decision by major airlines to place a cap on commissions paid travel agents....

Green Technologies files for bankruptcy. (Green Technologies Inc.)
January 12, 1996... Company racked up $10M in debt Boulder-based Green Technologies Inc. has pulled the plug on its entrepreneurial endeavor. The maker of the Green Plug, an energy-saving device that regulates the voltage used by major appliances, filed for...

Market draws Indian businesses. (Denver, Colorado's Indian and Market Western Showcase)(Strategies)
January 19, 1996... Woman entrepreneur scores success with popular art event Amado Pena, the Picasso of the Southwestern art explosion of the last couple decades, travels each year from Santa Fe, N.M., to Denver's Indian and Market Western Showcase to keep in...

Nordstrom: we'll use metro buyers; department store will shift staff to Denver to localize purchases.
January 19, 1996... As Nordstrom prepares to open its first metro Denver department store at the Park Meadows shopping center this summer, the company won't just be moving in merchandise. The Seattle-based retailer also plans to relocate a number of buyers to...

Access Graphics sales target $1B mark. (Access Graphics Technology Inc.)
January 19, 1996... The notion of quietly approaching the $1 billion mark in sales could be considered the business equivalent of calmly breaching the speed of sound. But that is just what Access Graphics Inc. plans to do. The Boulder-based channel integrator - a...

Clients look to future with Hart-Bornhoft. (Hart-Bornhoft Inc.)(Your Money: A Special Report on Personal Finance and Investing)
January 19, 1996... What would you say if a Denver investment adviser has earned more than 26 percent a year the last 10 years with less volatility than the Standards & Poor's 500? What would you also say if that firm earned those returns through a derivative,...

IHS grows at Inverness. (Information Handling Services Group Inc.)
January 26, 1996... Information Handling Services Group Inc., after feasting on new business and acquisitions in 1995, has a blueprint for growth that will bring 400 new employees to an expanded headquarters. IHS Group Inc., a holding company for more than a dozen...

Retail shakeout begins: Schmid shuts stores as electronics sag. (Fretter Inc.'s Fred Schmid Appliance and TV Co.)
January 26, 1996... The fiercely competitive home electronics market claimed another victim last week when the Fred Schmid Appliance and Electronics store on East Quincy Avenue in Aurora closed its doors. The Aurora store joins two other recent Fred Schmid...

Quarters adding up for American Coin. (American Coin Merchandising Inc.)
January 26, 1996... But investors slow with dollars American Coin Merchandising Inc., a Boulder-based giant in the vending machine business, is winning fans among analysts despite a drop in share price. Some experts said the stock - AmCoin on the NASDAQ...

Norwest wire operation will add 70 jobs. (Norwest Corp.)
January 26, 1996... Transfer center handles $1.4 bil. in average day Just as golden once handled fortunes in gold flowing from the mining towns, it soon will house a wire transfer operation moving billions around the country and world. Minneapolis-based Norwest...

Nuptials over, Crow benefits from match. (merger of Trammell Crow Co. and Iliff, Thorn and Co.)
January 26, 1996... Union with Iliff boosts productivity The marriage of the Trammell Crow Co. and Iliff, Thorn & Co. at the end of 1994 was a match made in heaven. Since the wedding, Trammell Crow's productivity has increased 50 percent, according to William...

CPA firm owner files Chapter 11. (certified public accounting firm Hamma and Nelson; Pres. Stanley Richards)
January 26, 1996... Like buildings that collapse years after an earthquake hits, two individuals have filed for bankruptcy protection under the weight of claims from the go-go '80s. Harry William Nelson Jr., president of Hamma & Nelson, one of Denver's oldest...

Law firm ventures into Chile. (Parcel, Mauro, Hultin and Spaanstra)
January 26, 1996... Office has a year to prove its worth A Denver law firm is heading to South America, following a swirl of enthusiasm and interest in the resource-rich continent. Parcel, Mauro, Hultin & Spaanstra will send shareholder Jim Aronstein to...