LI Business News articles from October 2003

LI Business News archives from October 2003

Smart Media adds Symbol Technologies as defendant in $218M case.
October 3, 2003... Byline: LIBN Staff Lawyers for Smart Media of Delaware Inc. filed a motion to add Symbol Technologies as a defendant in its case against a Symbol subsidiary.The move came in Summit County Court of Common Pleas in Ohio, Symbol...

Standard Microsystems Corp. wins $2M arbitration payment.
October 3, 2003... Byline: LIBN Staff Standard Microsystems Corp. (Nasdaq: SMSC) has won the release of $2 million from an escrow account related to its sale of 80 percent of SMC Networks Inc. to Hsinchu, Taiwan-based Accton Technology Corp. in Oct. 1997.In...

Shares of Gentiva Health Services upgraded.
October 3, 2003... Byline: LIBN Staff Shares of Gentiva Health Services Inc. (Nasdaq: GTIV) edged up 4 percent to $10.99 in mid-day trading after Lehman Brothers upgraded the stock to "overweight" from "equal-weight."The investment house also raised its...

KeySpan Corp. chairman calls for expedited regulatory process.
October 3, 2003... Byline: LIBN Staff KeySpan Corp. (NYSE: KSE) Chairman Robert Catell called for the Bush administration to reduce regulatory impediments that he said slow the development of natural gas projects.Speaking at the annual meeting of the...

Cablevision, others to carry NBA TV.
October 3, 2003... Byline: LIBN Staff Cablevision Systems Corp. and two other cable companies have entered a multi-year agreement to carry the 24-hour NBA TV network.Cablevision, Time Warner Cable and Cox Communications will begin carrying the network in...

Global Payment puts Motorola chips in cash validator.
October 3, 2003... Byline: LIBN Staff Global Payment Technologies Inc. (Nasdaq: GPTX) will use Motorola's newest digital-signal processor in its latest currency validator, the company announced.The Advantage Currency Validator, aimed primarily at the casino...

CoActive Marketing on track for jump in earnings.
October 3, 2003... Byline: LIBN Staff At its annual shareholders meeting Friday, sales promotion firm CoActive Marketing Group Inc. (Nasdaq: CMKG) said that it's on track to meet earnings estimates for fiscal 2004.CEO John P. Benfield said the firm expects...

TII Network Technologies names Intel exec to board.
October 3, 2003... Byline: LIBN Staff TII Network Technologies Inc. (Nasdaq: TIII), a maker of telecommunications network protection and management products, has named Charles H. House, director of societal impact of technology for Intel Corp., to its board,...

Jaco Electronics sales rise, loss narrows.
October 3, 2003... Byline: LIBN Staff Jaco Electronics Inc. (Nasdaq: JACO) reported a fourth quarter net loss of $1.2 million, or 21 cents per diluted share, versus a year-ago net loss of $1.5 million, or 27 cents per diluted share.The quarterly net losses...

FDA approves Hi-Tech anesthetic cream.
October 3, 2003... Byline: LIBN Staff Hi-Tech Pharmacal Co. Inc. (Nasdaq: HITK) Sept. 29 said the U.S. Food and Drug Administration approved its generic equivalent of AstraZeneca's Emla anesthetic cream. Hi Tech's Lidocaine/Prilocaine cream can be used as...

Fonar Corp. narrows loss.
October 3, 2003... Byline: LIBN Staff MRI maker Fonar Corp. said it narrowed its loss for fiscal 2003 by 35 percent to $15 million from $22.9 million a year ago.The firm said net revenues rose 23 percent to $52.9 million from $43.2 million a year ago,...

Acclaim Entertainment repays $5M loan.
October 3, 2003... Byline: LIBN Staff Acclaim Entertainment Inc. (Nasdaq: AKLM) has repaid the $5 million balance on a loan to GMAC Commercial Finance LLC, the company announced.The computer game software maker said the funds came from working capital. In...

Jury: Symbol Technologies did not infringe Proxim patent.
October 3, 2003... Byline: LIBN Staff A jury has found that products made by Symbol Technologies Inc. (NYSE: SBL) did not infringe patents by Proxim Corp. (Nasdaq: PROX).The verdict in the U.S. District Court for the District of Delaware was part of a larger...

Breaking down the stigma of mental illness.
October 3, 2003... Byline: Ken Cerini One out of every four Americans is in some way affected by mental illness. Whether it is personal, a family member or even a friend, it is more common than people may think. "When people think about mental illness...

Small firms go on offensive to combat big competition.
October 3, 2003... Byline: Rosmaria Mancini Imagine the creme de la creme of legal talent from the Island's boutique law firms, experts in real estate, tax and bankruptcy law, all working together helping to build business and fend off competition from...

Lawyers quit NYC firms for better quality of life.
October 3, 2003... Byline: Rosmaria Mancini It's not necessarily a reverse of the tide, but a good number of attorneys from prominent New York City law firms have headed east for what they say is a better life at firms on Long Island. The lure: better...

Genser Dubow Genser & Cona adds atty. to elder law division.
October 3, 2003... Byline: Lisa Josefak Genser Dubow Genser & Cona of Jericho hired Christine A. Cullen as an attorney in its elder law division. Cullen, of Brightwaters, will be responsible for guardianships, estate planning, Medicaid planning, wills,...

LI Coalition for Fair Broadcasting elects new board member.
October 3, 2003... Byline: Lisa Josefak The Long Island Coalition for Fair Broadcasting elected Sister Elizabeth A. Hill, president of St. Joseph's College in Patchogue, to its board.Sister Elizabeth said she is firm believer in diversity and competition...

Long Island Nonprofit Briefs October 3, 2003.
October 3, 2003... Byline: Lisa Josefak Christopher Reeve Foundation grants Pediatric MS CenterThe National Pediatric Multiple Sclerosis Center at SUNY Stony Brook was awarded a $10,000 grant from the Christopher Reeve Paralysis Foundation. The grant will...

Long Island financial institutions announce staffing changes: Oct. 3, 2003.
October 3, 2003... Byline: Lisa Josefak Commerce Bank named Darryl Payne as manager of its Patchogue store.Payne, of Huntington Station, will be responsible for new business development, consumer lending and managing the store's personnel and day-to-day...

Long Island medical facilities announce staffing changes: October 3, 2003.
October 3, 2003... Byline: Lisa Josefak Nassau University Medical Center in East Meadow nominated Dr. Marianne Frieri, director of allergy/immunology and clinical immunopath, to receive the CSEA Nassau Local 830, Women's Committee 2003 Women's Recognition...

Juvenile Diabetes Research Foundation honors Long Island woman.
October 3, 2003... Byline: Lisa Josefak The Juvenile Diabetes Research Foundation honored Jean Corrigan with the Stacy Joy Goodman Humanitarian Award.Corrigan, program coordinator for Winthrop University Hospital's pediatric diabetes program, was recognized...

Long Island Marketing Briefs October 3, 2003.
October 3, 2003... Byline: Claude Solnik Devices that allow people to fast forward through TV commercials could be widespread within years, posing a significant threat to TV advertising, according to a recent study.Boston-based tech researcher and trend...

The Ramp Organization hires client manager at Ramp Chevrolet site.
October 3, 2003... Byline: Lisa Josefak The Ramp Organization in Port Jefferson Station hired Paul Macri as a client manager at its Ramp Chevrolet site in Port Jefferson Station.Macri, of Syosset, has three years of experience in automotive sales and has...

LI educational institutes announce staffing changes, awards: Oct. 3, 2003.
October 3, 2003... Byline: Lisa Josefak Nassau Community College in Garden City named Eugene Henderson Jr. as dean of students.Prior to joining Nassau Community College, he was acting dean of students at Fairleigh Dickinson University in New Jersey.He is...

Five things you didn't know about... John Sullivan / Vice President, Delta Computer Group.
October 3, 2003... Byline: Adina Genn A three-letter high school athlete, Sullivan played football on his college team at New York Institute of Technology and was elected into its hall of fame. Trying out for the New York Giants was the next logical step,...

Long Island Entrepreneurial Briefs October 3, 2003.
October 3, 2003... Byline: Adina Genn Walter Ullrich purchased an Image Arts franchise in Huntington last year knowing the central operation itself was in its early stages. It looked like a promising venue, and Ullrich looked forward mostly to the corporate...

Long Island Medical Briefs October 3, 2003.
October 3, 2003... Byline: Claude Solnik Scientists at Brookhaven National Laboratory have developed a treatment that shows promise in abating and even curing cocaine and other drug addictions.The laboratory, funded by the Department of Energy, said a new...

Long Island Real Estate Briefs October 3, 2003.
October 3, 2003... Byline: Nick Anastasi Sales of existing single-family homes on Long Island increased slightly in August compared to the same period last year, according to the Albany-based New York State Association of Realtors. In Nassau, a preliminary...

Long Island Legal Briefs October 3, 2003.
October 3, 2003... Byline: Rosmaria Mancini Davidoff & Malito, a law and lobbying firm based in Garden City, has opened an office in Melville to serve its Suffolk clients. The 1,500 square foot office, located at 105 Maxess Road in Melville, will initially...

Mastering the art of negotiating.
October 3, 2003... Byline: Adina Genn Some people seem born to negotiate. You know the type - artists of the deal who seem comfortable in any situation. Others dread the task and wind up tongue-tied at the wrong times, or they simply avoid tangling unless...

Commentary: Mets, Jets make poor case for stadiums.
October 3, 2003... Byline: John Kiernan The dismal season just completed by the New York Mets and the terrible start of the season by the New York Jets are very harmful to their efforts to get new home stadiums built for them.The Mets began the season in...

Commentary: Ex-soldiers find captive audience in public.
October 3, 2003... Byline: Jerry Kremer Americans fall in love easily. We put movie stars, musicians, baseball players, politicians and countless others on pedestals to worship and eventually discard, depending on the times. Our romance with the military...

Gov. Pataki signs homebuyer's legislation.
October 3, 2003... Byline: Nick Anastasi Gov. George Pataki signed legislation expanding the ability of local municipalities to lower property taxes for moderate income, first-time homebuyers who acquire newly built homes. To be eligible, first-time...

Developers vow to yank campaign funds.
October 3, 2003... Byline: Nick Anastasi One of Long Island's most influential development advocacy groups has promised to halt its six-figure contributions to local political candidates in protest of what it sees as anti-development moves by the Town of...

Brookhaven Town Planning Commissioner: Most complainants are confused.
October 3, 2003... Byline: Nick Anastasi Misinformation and confusion about proposed zoning code changes are fueling the development community's antagonism against the Town of Brookhaven, according to Town Planning Commissioner Dan Gulizio.The residential...

Commentary: Government projects have history of overrunning on budget.
October 3, 2003... Byline: LIBN Staff Governments tend to be wasteful because they replace competition with monopoly protection and market pricing with costly regulations.At least that's the conclusion of policy analyst Chris Edwards, who recently studied a...

LI Software and Technology Network adds to sponsors.
October 3, 2003... Byline: LIBN Staff What do you do when your organization's sponsors already include tech giants like Microsoft, Cisco and Computer Associates?If you're Peter Goldsmith, president of the Long Island Software and Technology Network, you sign...

NYS Society of CPAs to share violations with regulators.
October 3, 2003... Byline: Ben Abelson In the latest move to heighten the regulatory presence in the accounting industry, the New York State Society of CPAs has decided to share its members' transgressions with other accounting authorities.A bylaw passed by...

Long Island Technology Briefs October 3, 2003.
October 3, 2003... Byline: Ken Schachter In yet another sign that there may be light at the end of the tunnel, Huntington Station-based American Technical Ceramics has been doing some modest hiring.The maker of capacitors and thin-film circuits had laid off...

CEO of Teacher's Federal Credit Union discusses bank/credit union struggle.
October 3, 2003... Byline: Ben Abelson When it comes to the complaint among banks that credit unions have unfair competitive advantages, Bob Allen is anything but diplomatic. "If their main concern about credit unions is them having such a tremendous...

SUNY schools fight to make a name.
October 3, 2003... Byline: Claude Solnik When the Farmingdale State University of New York broke ground on a new baseball arena last week, News12 Long Island aired a report identifying the institution as SUNY Farmingdale, a name the school says it shed...

East End incinerator project burns out.
October 3, 2003... Byline: LIBN Staff American Ref-Fuel's recent efforts to win approval to build an incinerator at the former Shoreham Nuclear Power Station might sound familiar.They recall last October's push by Glen Cove-based Renaissance Power Systems to...

J. Kings Food Service readies for $3M Holtsville expansion.
October 3, 2003... Byline: Nick Anastasi Citing the need to meet the growing demands of its customers, privately held food distributor J. Kings Food Service Professionals is moving ahead with a $3 million expansion of its warehouse and distribution...

Uniondale law partner vying for seat on NY Court of Appeals.
October 3, 2003... Byline: Rosmaria Mancini In a bid to become Long Island's first representative on New York State's highest court in a decade, John Armentano, partner in Uniondale-based Farrell Fritz, is vying for a seat on the state Court of...

Federal 'plug-and-play' rules will free cable TV subscribers from leasing set-top boxes.
October 3, 2003... Byline: Ken Schachter New federal "plug-and-play" rules that will effectively free subscribers to cable providers like Cablevision Systems Corp. from the need to lease set-top boxes will help push cable marketing into retail stores,...

Investment gurus spar over stock price of Interpharm Holdings.
October 3, 2003... Byline: Ken Schachter The shares of a Long Island drug maker have been whipsawed amid an invective-laced battle between two investment gurus.After a rocket-like ascent from $1 on June 2 to $9.31 a month and a half later, the stock of...

Toy maker returns to scene with technology spin.
October 3, 2003... Byline: Claude Solnik Two decades after Mego, the largest toy company on Long Island, filed for bankruptcy, the company's former president has launched a promising new high-tech toy company in Manhattan.Martin Abrams, a Kings Point...

Accounting firm opening satellite office in Riverhead.
October 3, 2003... Byline: Ben Abelson Regional accounting giant Marcum & Kliegman said it has opened a satellite office in Riverhead, making it the first regional or national firm to expand physically into the East End."The Island keeps expanding eastward -...

Univision buys nation's largest Spanish-language media company.
October 3, 2003... Byline: Claude Solnik Univision's $60 million deal this week to acquire 92.7 FM (WLIR), which brings the nation's largest Spanish-language media company to Long Island, is the latest example of the media industry's bid to win over growing...

KeySpan's new president takes reins.
October 3, 2003... Byline: Claude Solnik In his first interview since officially taking over as president and chief operating officer of KeySpan Corp., Robert J. Fani downplayed suggestions that he could succeed Robert Catell as CEO when his contract expires...

Co-founder of Computer Associates taking on more public role within company.
October 3, 2003... Byline: Ken Schachter Russell Artzt has seen it all. In the last 27 years, he has watched Computer Associates go from four-person launch to $3.2 million IPO to Long Island software giant. He has weathered SEC investigations, more than 10...

Long Island Financial Briefs: October 3, 2003.
October 3, 2003... Byline: Ben Abelson In the latest move to heighten the regulatory presence in the accounting industry, the New York State Society of CPAs has decided to share its members' transgressions with other accounting authorities. A bylaw...

Long Island Technology Briefs: October 3, 2006.
October 3, 2003... Byline: Ken Schachter In yet another sign that there may be light at the end of the tunnel, Huntington Station-based American Technical Ceramics has been doing some modest hiring. The maker of capacitors and thin-film circuits had laid...

Long Island Real Estate Briefs: October 3, 2003.
October 3, 2003... Byline: Nick Anastasi Sales of existing single-family homes on Long Island increased slightly in August compared to the same period last year, according to the Albany-based New York State Association of Realtors. In Nassau, a...

Fala Direct Marketing in Melville appoints Michael Cutrone as sales executive for Fala Graphics.
October 3, 2003... Byline: Long Island Business News Staff Fala Direct Marketing in Melville appointed Michael Cutrone as sales executive for Fala Graphics, the organization's printing unit. Cutrone, who has more than 30 years of experience in the...

Long Island health care institutions announce staffing changes: October 3, 2003.
October 3, 2003... Byline: Long Island Business News Staff Nassau University Medical Center in East Meadow nominated Dr. Marianne Frieri, director of allergy/immunology and clinical immunopath, to receive the CSEA Nassau Local 830, Women's Committee 2003...

Long Island Legal Briefs: October 3, 2003.
October 3, 2003... Byline: Rosamaria Mancini Davidoff & Malito, a law and lobbying firm based in Garden City, has opened an office in Melville to serve its Suffolk clients. The 1,500 square foot office, located at 105 Maxess Road in Melville, will initially...

Long Island Medical Briefs: October 3, 2003.
October 3, 2003... Byline: Long Island Business News Staff Scientists at Brookhaven National Laboratory have developed a treatment that shows promise in abating and even curing cocaine and other drug addictions. The laboratory, funded by the Department...

Long Island Marketing Briefs: October 3, 2003.
October 3, 2003... Byline: Claude Solnik Devices that allow people to fast forward through TV commercials could be widespread within years, posing a significant threat to TV advertising, according to a recent study. Boston-based tech researcher and trend...

Long Island Coalition for Fair Broadcasting elects Sister Elizabeth A. Hill to its board.
October 3, 2003... Byline: Lisa Josefak The Long Island Coalition for Fair Broadcasting elected Sister Elizabeth A. Hill, president of St. Joseph's College in Patchogue, to its board. Sister Elizabeth said she is firm believer in diversity and...

Long Island automotive groups announce staffing changes: October 3, 2003.
October 3, 2003... The Ramp Organization in Port Jefferson Station hired Paul Macri as a client manager at its Ramp Chevrolet site in Port Jefferson Station. Macri, of Syosset, has three years of experience in automotive sales and has earned GM's "Mark of...

Long Island education institutions announce staffing changes: October 3, 2003.
October 3, 2003... Byline: Long Island Business News Staff Nassau Community College in Garden City named Eugene Henderson Jr. as dean of students. Prior to joining Nassau Community College, he was acting dean of students at Fairleigh Dickinson University...

Long Island financial firms announce staffing changes: October 3, 2003.
October 3, 2003... Byline: Long Island Business News Staff Commerce Bank named Darryl Payne as manager of its Patchogue store. Payne, of Huntington Station, will be responsible for new business development, consumer lending and managing the store's...

Long Island Non-Profit Briefs: October 3, 2003.
October 3, 2003... Byline: Long Island Business News Staff The National Pediatric Multiple Sclerosis Center at SUNY Stony Brook was awarded a $10,000 grant from the Christopher Reeve Paralysis Foundation. The grant will support research into causes of...

Genser Dubow Genser & Cona of Jericho hires Christine A. Cullen in its elder law division.
October 3, 2003... Byline: Long Island Business News Staff Genser Dubow Genser & Cona of Jericho hired Christine A. Cullen as an attorney in its elder law division. Cullen, of Brightwaters, will be responsible for guardianships, estate planning, Medicaid...

Juvenile Diabetes Research Foundation honors Jean Corrigan humanitarian award.
October 3, 2003... Byline: Long Island Business News Staff The Juvenile Diabetes Research Foundation honored Jean Corrigan with the Stacy Joy Goodman Humanitarian Award. Corrigan, program coordinator for Winthrop University Hospital's pediatric diabetes...

Computer Associates' Russell Artzt has seen it all.
October 3, 2003... Byline: Ken Schachter Russell Artzt has seen it all. In the last 27 years, he has watched Computer Associates go from four-person launch to $3.2 million IPO to Long Island software giant. He has weathered SEC investigations, more than...

Univision tunes in Long Island for $60M.
October 3, 2003... Byline: Claude Solnik Univision's $60 million deal this week to acquire 92.7 FM (WLIR), which brings the nation's largest Spanish-language media company to Long Island, is the latest example of the media industry's bid to win over growing...

KeySpan's new president takes reins.
October 3, 2003... Byline: Claude Solnik In his first interview since officially taking over as president and chief operating officer of KeySpan Corp., Robert J. Fani downplayed suggestions that he could succeed Robert Catell as CEO when his contract expires...

Battle between investment gurus affects Interpharm stock.
October 3, 2003... Byline: Ken Schachter The shares of a Long Island drug maker have been whipsawed amid an invective-laced battle between two investment gurus. After a rocket-like ascent from $1 on June 2 to $9.31 a month and a half later, the stock of...

Long Island toy maker returns to scene with technology spin.(Company overview)
October 3, 2003... Byline: Claude Solnik Two decades after Mego, the largest toy company on Long Island, filed for bankruptcy, the company's former president has launched a promising new high-tech toy company in Manhattan. Martin Abrams, a Kings Point...

Marcum & Kliegman opening satellite office in Riverhead.
October 3, 2003... Byline: Ben Abelson Regional accounting giant Marcum & Kliegman said it has opened a satellite office in Riverhead, making it the first regional or national firm to expand physically into the East End. "The Island keeps expanding...

J. Kings Food Service Professionals readies for $3M Holtsville expansion.
October 3, 2003... Byline: Nick Anastasi Citing the need to meet the growing demands of its customers, privately held food distributor J. Kings Food Service Professionals is moving ahead with a $3 million expansion of its warehouse and distribution...

Armentano vies for New York state's highest court.
October 3, 2003... Byline: Rosamaria Mancini In a bid to become Long Island's first representative on New York State's highest court in a decade, John Armentano, partner in Uniondale-based Farrell Fritz, is vying for a seat on the state Court of Appeals. ...

CEO of Long Island's largest credit unions reacts to complaint of unfair competitive advantages.
October 3, 2003... Byline: Ben Abelson When it comes to the complaint among banks that credit unions have unfair competitive advantages, Bob Allen is anything but diplomatic. "If their main concern about credit unions is them having such a tremendous...

New federal 'plug-and-play' rules OK for digital cable.
October 3, 2003... Byline: Ken Schachter New federal "plug-and-play" rules that will effectively free subscribers to cable providers like Cablevision Systems Corp. from the need to lease set-top boxes will help push cable marketing into retail stores,...

SUNY schools fight to make a name.
October 3, 2003... Byline: Claude Solnik When the Farmingdale State University of New York broke ground on a new baseball arena last week, News12 Long Island aired a report identifying the institution as SUNY Farmingdale, a name the school says it shed...

Long Island developers vow to yank campaign funds.
October 3, 2003... Byline: Nick Anastasi One of Long Island's most influential development advocacy groups has promised to halt its six-figure contributions to local political candidates in protest of what it sees as anti-development moves by the Town of...

Brookhaven Planning Commissioner Dan Gulizio: Most complaintants are confused.
October 3, 2003... Byline: Nick Anastasi Misinformation and confusion about proposed zoning code changes are fueling the development community's antagonism against the Town of Brook-haven, according to Town Planning Commissioner Dan Gulizio. The...

New school for new era in education.
October 3, 2003... Byline: Nick Anastasi The first grade class at The North Side School this year was the first to take advantage of the elementary school's newly completed expansion. The effort, finished before the start of the school year and part of...

Pataki signs homebuyer's legislation.
October 3, 2003... Byline: Nick Anastasi Gov. George Pataki signed legislation expanding the ability of local municipalities to lower property taxes for moderate income, first-time homebuyers who acquire newly built homes. To be eligible, first-time...

Commentary: Overrunitis.
October 3, 2003... Byline: Long Island Business News Staff Governments tend to be wasteful because they replace competition with monopoly protection and market pricing with costly regulations. At least that's the conclusion of policy analyst Chris...

Commentary: Mets, Jets make poor case for stadiums.
October 3, 2003... Byline: John Kiernan The dismal season just completed by the New York Mets and the terrible start of the season by the New York Jets are very harmful to their efforts to get new home stadiums built for them. The Mets began the season...