Austin Business Journal articles from April 1991

Austin Business Journal archives from April 1991

Motorola opens plant. ($650 million semiconductor manufacturing plant in Oak Hill) (company profile)
April 29, 1991... Motorola opens plant $650 million Motorola guaranteed its place in the news last week with the dedication of a $650 million semiconductor manufacturing plant in Oak Hill and a flurry of announcements about the availability of new...

No. 1 energy user. (Motorola Inc.'s new computer chip manufacturing plant expected to use enormous amounts of electricity)
April 29, 1991... No. 1 energy user In building and equipping Motorola Inc.'s $650 million MOS 11 computer chip manufacturing operation in Oak Hill, company officials say they have made energy efficiency a priority. And for good reason. Even after...

NCNB to branch in E. Austin; Bank One to follow.
April 29, 1991... NCNB branch E. Austin Bank One to follow After an absence of five years, the banking void in East Austin is finally going to be filled by at least two new facilities. NCNB Texas-Austin announced last week it would open a branch...

Nofziger's drug plan put on hold. (Council member Max Nofziger; revised ordinance restricting drug testing for Austin employers)
April 29, 1991... Nofziger's drug plan put on hold A proposed city ordinance aimed at restricting random drug testing by Austin employers has been put on hold until at least after next month's city elections. Meanwhile, local opponents of random drug...

Insurers overbilling? (investigations underway on alleged unauthorized charges on workers' compensation)
April 29, 1991... Insurers overbilling? The State Board of Insurance is investigating complaints from employers that some carriers of workers' compensation are charging more than board-approved rates. State Insurance Commissioner Phil Barnes has...

Japanese rank 1-2-3. (top 10 chip manufacturers for 1990 named by Dataquest)
April 29, 1991... Japanese rank 1-2-3 Motorola, Intel and Texas Instruments are the only U.S. companies named by Dataquest on its list of the top 10 chip manufacturers for 1990. The remaining companies are Japanese, except 10th-ranked Philips. NEC,...

Law firms merge. (Booth & Newsom; Sawtelle Goode, Davidson & Troilo)
April 29, 1991... Law firms merge Austin-based Booth & Newsom, one of the state's top law firms in the area of water rights and environmental law, is merging with San Antonio-based Sawtelle Goode, Davidson & Troilo effective May 1. The new firm will be...

Applied Materials boss speaks to Austin. (James C. Morgan of Applied Materials Inc.)
April 29, 1991... Applied Materials boss speaks to Austin Members of the Greater Austin Chamber of Commerce enthusiastically welcomed James C. Morgan, chairman and CEO of Applied Materials Inc., when he arrived here last week to plug the book he has...

Bank One aims to market convenience. (expansion of automated customer service by Bank One Texas)
April 29, 1991... Bank One aims to market convenience Bank One Texas is expanding its 24-hour automated customer service line to provide a wide variety of services that previously could only be accomplished during regular banking hours. The new service...

Vindicator moving in. (manufacturer relocates from San Jose, California; Focus: Coordinating The Office Move)(includes related article on reason for move)
April 29, 1991... Vindicator moving in Anyone who's ever had to pack up for a long-distance move should really be able to sympathize with Rick Gross. Gross is not only responsible for his own move to Austin, but for relocating his entire company,...

Advanced Micro Devices and Sony Corp. (Contracts)
April 29, 1991... Advanced Micro Devices and Sony Corp. signed a broad-ranging patent and copyright cross-license agreement, running through April 1, 1996, covering patents on process, design and architectures for integrated circuits owned by AMD and Sony...

Adwork. (Contracts)
April 29, 1991... Adwork has been selected to handle the public relations for It'za Natural of Austin Inc.

Radian Corp. and Ten X Technology Inc. (Contracts)
April 29, 1991... Radian Corp. and Ten X Technology Inc. entered a joint cooperation agreement to utilize the synergistic capabilities and experience of both parties in the areas of design, development and manufacture of electronic circuit board assemblies.

Marriott Corp. (Earnings)
April 29, 1991... Marriott Corp. announced earnings per share of 10 cents in its 1991 first quarter ended March 22, compared to 27 cents for the same period of 1990. A net income of $10 million in the 1991 first quarter was announced compared to $28 million a...

Texas Commerce Bancshares. (Earnings)
April 29, 1991... Texas Commerce Bancshares announced pre-tax and after-tax earnings of $28 million for the first quarter of 1991, compared to pre-tax earnings of $18 million and after-tax earnings of $31 million for the first quarter of 1990--a 53 percent...

Walgreen Co. (Earnings)
April 29, 1991... Walgreen Co. announced record sales and earnings for the second quarter and first six months of fiscal 1991. Net sales for the quarter ended Feb. 28, 1991 were announced at $1.8 billion. Net earnings for the quarter were announced at $67...

Austin company wins. (Western Union Corp.)
April 22, 1991... Austin company wins A panel of three arbitrators at the American Arbitration Association has found in favor of an Austin-based company and issued a $25 million determination against The Western Union Corp. The dispute arose out of...

Good news/bad news. (Dell Computer Corp.'s mixed corporate fortunes)
April 22, 1991... Good news/bad news Dell Computer Corp. received good news and bad news last week. Dell, which is based in Austin, was one of 72 corporations in Texas to make Business Week's ranking of the country's most valuable companies. The...

IBM gives equipment. (International Business Machines Corp.)
April 22, 1991... IBM gives equipment IBM Corp. has donated more than $250,000 in technical equipment to Texas State Technical Institute. The equipment, donated by the company under its technical gifts program, includes a manufacturing robot, machine...

Arrhythmia offers stock to raise expansion funds. (Arrhythmia Research Technology Inc.)
April 22, 1991... Arrhythmia offers stock to raise expansion funds Arrhythmia Research Technology Inc. has announced it has signed a letter of intent with an underwriter to sell 750,000 shares of its common stock in a public offering. ART, which is...

$1 billion available. (Federal National Mortgage Association finances home mortgage loans)
April 22, 1991... $1 billion available The Federal National Mortgage Association (Fannie Mae) is going to finance $1 billion in home mortgage loans in which employers help employees buy affordable housing. The move, explained in detail this month, is...

The Daughters of Charity Health Services. (Contracts)
April 22, 1991... The Daughters of Charity Health Services The Daughters of Charity Health Services signed an agreement with 3M Health Information Systems in Salt Lake City for the purchase of a 3M Laboratory Information System.

Southwest Airlines. (Earnings)
April 22, 1991... Southwest Airlines Southwest Airlines announced a net income of $47 million, or $1.10 per share for 1990 compared to a net income of $71 million, or $1.58 per share for 1989. Operating revenues for 1990 were announced at $1.2 billion...

Lockheed Aeronautical Systems. (Openings)
April 22, 1991... Lockheed Aeronautical Systems Lockheed Aeronautical Systems, a subsidiary of Lockheed, which has an Austin office, expanded its offices in Atlanta.

Biggest bank in Austin but few know about it. (Farm Credit Bank of Texas) (company profile)
April 15, 1991... Biggest bank in Austin but few know about it The largest bank in Travis County is one you probably haven't heard of. This bank has $5 billion in assets and a $3.6 billion loan portfolio, and while other local financial institutions...

Containers sell well. (The Container Store posts profit)
April 15, 1991... Containers sell well Despite the economic downturn of late 1990, sales at The Container Store rose 35 percent last year. The Dallas-based retailer, which has a store in Austin at 8111 Burnet Road, has reported similar gains since its...

PCTimes on the move. (Office Technologies Inc. to distribute PCTimes newspaper)
April 15, 1991... PCTimes on the move CompuNet Communications has a new client for its limited circulation monthly newspaper, PCTimes. Beginning in April, Office Technologies Inc., which has three stores in Wisconsin, will send the publication to more...

Shy real estate investors. (real estate investors shy away from Austin, Texas)
April 15, 1991... Shy real estate investors Investors, especially local investors, are shying away from commercial real estate in Austin. That was the message delivered by four area real estate managers and brokers at a joint seminar held last week by...

Rutledge: building CableVision. (Austin CableVision president, Thomas Rutledge) (interview)
April 15, 1991... Rutledge: Building CableVision When Thomas Rutledge took over as president of Austin CableVision a year ago the company was struggling to expand its customer base amid acknowledge problems with serving its customers satisfactorily. Now even...

$1 billion in projects in pipeline. (building projects in Austin, Texas)(Focus: Architecture)
April 15, 1991... $1 billion in projects in pipeline It's not exactly the boom times of a few years ago, but major building projects are leaping out of the landscape all over Austin these days. More than $1 billion in major projects are currently under...

Architecture: on the comeback trail. (architecture firms in Austin, Texas)(Focus: Architecture)
April 15, 1991... Architecture: On the comeback trail Austin architectural firms are rebuilding, but progress is of the slow, steady, one-brick-at-a-time kind. "It's starting to come back very slowly. No one's really breathing a sigh of relief," said...

Designers aim for low utilities. (architects utilize energy efficient design)(Focus: Architecture)
April 15, 1991... Designers aim for low utilities Along with everyone else, architects are finding themselves pressured to keep up with the environmental awareness appropriate to the 1990s. Austin architects L.M. "Mac" Holder and Peter Pfeiffer are...

Pratt Hotel Management Company. (Contracts)
April 15, 1991... Pratt Hotel Management Company Pratt Hotel Management Company has been awarded the managing agent contract for Waller Creek Plaza Hotel.

Stapleton Interests Inc. (Contracts)
April 15, 1991... Stapleton Interests Inc. Stapleton Interests Inc. has been awarded the contract to manage all the single family residential properties for Austin and surrounding areas now owned by HUD.

Sandalwood Management Inc. (Contracts)
April 15, 1991... Sandalwood Management Inc. Sandalwood Management Inc. has been awarded the leasing and management contract for Parke Green Shopping Center.

Healthvest. (Earnings)
April 15, 1991... Healthvest Healthvest announced a net loss of $18.5 million, or $1.71 per share for the year ended Dec. 31, 1990 compared with a net loss of $116.8 million, or $10.57 per share, for the same period in 1989. Revenues for 1990 were $34.1...

Southern Union Company. (Earnings)
April 15, 1991... Southern Union Company Southern Union Company announced net earnings at $387,000 for the year ended Dec. 31, 1990 compared to net earnings of $851,000 for the same period in 1989. The company had a loss of 40 cents per common share for 1990...

American Physicians Service Group Inc. (Earnings)
April 15, 1991... American Physicians Service Group Inc. American Physicians Service Group Inc. announced revenues at $4.5 million for the three months ended Dec. 31, 1990 compared to $3.4 million for the same period of 1989. A net income of $200,000 was...

Advanced Micro Devices Inc. (Earnings)
April 15, 1991... Advanced Micro Devices Inc. Advanced Micro Devices Inc. announced a net loss of $53,552,000 or 78 cents per share, for 1990 compared to a net loss of $46,052,000 or 44 cents per share, for 1989. Net sales were announced at $1.06 billion for...

Davis and Davis P.C. (Locations)
April 15, 1991... Davis & Davis P.C. Davis & Davis P.C. opened offices at Arboretum Plaza One, Suite 950, 9442 Capital of Texas Highway, Austin, 78759, phone 343-6248.

Lambs & Lions Diapers for Daycare. (Locations)
April 15, 1991... Lambs & Lions Diapers for Daycare Lambs & Lions Diapers for Daycare opened offices at Burleson Road Business Park, 5214 Burleson Road, Suite 102, Austin, 78744, phone 462-2424.

The Cornerstone Group. (Openings)
April 15, 1991... The Cornerstone Group The Cornerstone Group opened offices at 3006 Bee Caves Road #A-110, Austin, 78746, phone 329-7160.

GRID Systems Corp. (Products)
April 15, 1991... GRiD Sytems Corp., GRiD Sytems Corp., a subsidiary of Tandy Corp., which has an Austin office, announced the release of the 1530 laptop computer, which allows police officers to transmit and receive data on the computer via radio signals.

Technology Works. (Products)
April 15, 1991... Technology Works Technology Works announced the release of the 512K VRAM Module for the LC, which increases the number of colors a Macintosh LC can display at any one time on a monitor; $149; for more information call (800) 688-7466.

Bradford Information Systems. (Products)
April 15, 1991... Bradford Information Systems Bradford Information Systems announced the release of the Interactive Distribution Planning System (IDPS), available for the IBM RISC System/6000. IDPS is a sophisticated application for truck routing,...

Scientific and Engineering Software Inc. (Products)
April 15, 1991... Scientific and Engineering Software Inc. Scientific and Engineering Software Inc. announced the release of SES/steps, an interface between Interactive Development Environments, Inc.'s Software through Picture CASE environment and...

Kasmar Corp. (Renamings)
April 15, 1991... Kasmar Corp. Kasmar Corp. has changed its name to Opus Investments Inc.

Pharmaco. (Openings)
April 15, 1991... Pharmaco Pharmaco opened international offices in Brussels, Belgium.

Dynamic Reprographics. (Products)
April 15, 1991... Dynamic Reprographics Dynamic Reprographics announced that it is an authorized dealer for Mutoh America Inc.'s new pencil/pen plotter.

New appraisal law passes or sales halt. (real estate industry regulation)
April 8, 1991... New appraisal law passes or sales halt If the Legislature doesn't pass a new appraiser qualifications bill by July 1, the real estate industry in Texas is going to come to a screeching halt. The problem is that the Financial...

Eastside mall to hinge on zoning. (district designation necessary to area redevelopment)
April 8, 1991... Eastside mall to hinge on zoning A proposed special zoning district that backers say is crucial to the revitalization of the East 11th and 12th Street commercial corridors faces a major test this week at the city Planning Commission. ...

Business travel costly. (Focus: Business Travel)
April 8, 1991... Business travel costly Business travelers make their plans at the last minute, pay full air fare and end up with the worst seats on the plane. No wonder they're cranky. "There's no fun in business travel and there is great fun in...

Call for money. (State Treasury Department's inquiries about unclaimed properties)
April 8, 1991... Call for money State Treasurer Kay Bailey Hutchison would like to give away some money - about $90 million. The State Treasury Department already has received written inquiries from 10,000 people whose names were on a list of unclaimed...

Unemployment down. (healthier state of the labor market)
April 8, 1991... Unemployment down "The war has ended; spring is here; and the Texas labor market looks a little healthier," Commissioner Mary Scott Nabers said late last month. The number of jobless workers decreased by about 60,000 between January...

Future of business with Mexico predicted in commerce workshop. (trade relations with Mexico)
April 8, 1991... Future of business with Mexico predicted in Commerce workshop North and South Americans may come together in the next 10-15 years in a common trade, labor and investment market similar to the one being planned by the European Community for...

11th Federal Reserve District banks showing first profit since '85. (signs of beating nationwide recession)
April 8, 1991... 11th Federal Reserve District banks showing first profit since '85 For the first time since 1985, banks in the 11th Federal Reserve District showed a profit in 1990, an indication Texas is beating the nationwide recession and is solving...

Continuum seeks NYSE. (software developer for insurance industry applies for listing on New York Stock Exchange)
April 8, 1991... Continuum seeks NYSE The Continuum Co. Inc., an Austin-based software developer and computer consulting firm for the insurance industry, has applied for listing of its stock on the New York Stock Exchange. The company expects trading to...

Air traffic down. (passenger and cargo activity at Robert Mueller Municipal Airport)
April 8, 1991... Air traffic down Passenger and cargo activity at Robert Mueller Municipal Airport was down during February as compared to 1990. The number of passengers who flew in or out of the airport dropped from 306,453 in February 1990 to 290,144...

Tourism popular. (industry enjoyed robust year in 1990)
April 8, 1991... Tourism popular The Texas tourism industry enjoyed a robust year in 1990, with hotel/motel revenues climbing to almost $2.2 billion, according to the Texas Department of Commerce. Despite expectations of a slowdown in the fourth...

Ready to fly when you are. (convenience of using charter airlines)(Focus: Business Travel)
April 8, 1991... Ready to fly when you are Air charter is the only way to fly if you need to get someplace that scheduled airlines either don't fly to at all or don't fly to when you need to go. Convenience is, in fact, the primary reason the 20 or so...

Taking care of company planes. (Page Avjet Corp. provides essential services for private aircraft: fuel, maintenance and hangar space)(Focus: Business Travel)
April 8, 1991... Taking care of company planes Fifty times a day, business people who want to get to another city in a hurry turn to a company that services privately owned aircraft at Austin's Robert Mueller airport. Page Avjet Corp. serves the...

Travel costs are shooting up sharply. (Runzheimer International's domestic index)(Focus: Business Travel)
April 8, 1991... Travel costs are shooting up sharply Soaring air fares helped push domestic business travel costs up sharply in the fourth quarter of 1990, according to a consulting firm that tracks business travel costs. Runzheimer International...

Child's Day Inc. (Contracts)
April 8, 1991... Child's Day Inc. Child's Day Inc. has been selected to manage and operate the Infant Care Center.

Travis Medical Sales. (Contracts)
April 8, 1991... Travis Medical Sales Travis Medical Sales has been awarded a contract by the Texas Department of Health to provide durable medical equipment for chronically ill and disabled children in a 30-county Central Texas region.

GSD&M Advertising. (Contracts)
April 8, 1991... GSD&M Advertising GSD&M Advertising has been selected as agency of record for Fox Photo Inc.

Harren-Cummings Team Group. (Locations)
April 8, 1991... Harren-Cummings Team Group Harren-Cummings Team Group opened new offices at 612 W. 22nd St.

Marco Equipment Inc. (Locations)
April 8, 1991... Marco Equipment Inc. Marco Equipment Inc. Corp Service Co. 100 Congress Ave Ste 1100 78701.

Applied Insight Inc. (Locations)
April 8, 1991... Applied Insight Inc. Applied Insight Inc. Roy Faires. 7306 Danwood Drive 78759.

Professional Merchants & Associates. (Locations)
April 8, 1991... Professional Merchants & Associates Inc. Professional Merchants & Associates Inc. Clinton Fox. 6448 E Highway 290 Bldg E Ste 112 78723.

Capital Area Statues Inc. (Locations)
April 8, 1991... Capital Area Statues Inc. Capital Area Statues Inc. Lawrence G. Wright. 1324 Alta Vista Ave 78704.

Sharon Steel Corp. (Locations)
April 8, 1991... Sharon Steel Corp. Sharon Steel Corp. Prentice Hall Corp System. 807 Brazos 78701.

PSS of Texas Inc. (Locations)
April 8, 1991... PSS of Texas Inc. PSS of Texas Inc. Same as above.

Temptation Inc. (Locations)
April 8, 1991... Temptation Inc. Temptation Inc. Roy Faires. 7306 Danwood Drive 78759.

Gregory A. Copp P.C. (Locations)
April 8, 1991... Gregory A. Copp P.C. Gregory A. Copp P.C. Gregory A. Copp. 819 1/2 W 11th St 78701.

L.D.P. Austin Collection Consultants Inc. (Locations)
April 8, 1991... L.D.P. Austin Collection Consultants Inc. L.D.P. Austin Collection Consultants Inc. Lee Balli. 9800 N Lamar Blvd Ste 300 78753.

London Square Apartments Inc. (Locations)
April 8, 1991... London Square Apartments Inc. London Square Apartments Inc. Gordon R. Granger. 2400 Town Lake Circle 78741.

Law Offices of B. Weldon Ponder Jr. P.C. (Locations)
April 8, 1991... Law Offices of B. Weldon Ponder Jr. P.C. Law Offices of B. Weldon Ponder Jr. P.C. B. Weldon Ponder Jr. 300 Austin Center & 701 Brazos 78701.

Houston Eagle Creek Investment Corp. (Locations)
April 8, 1991... Houston Eagle Creek Investment Corp. Houston Eagle Creek Investment Corp. Prentice Hall Corp System. 807 Brazos 78701.