Austin Business Journal articles from February 1991

Austin Business Journal archives from February 1991

High tech adds shine to Austin. (high technology company; Ions-Incorporated-Austin)
February 25, 1991... When businessman-physicist Wesley Weisenberger recently decided to expand his high-tech company, he looked hard at Phoenix and he looked hard at Dallas. But, with the help of "friendly" tax abatements offered by the city and Travis...

Sears stores biting bullet. (declining sales results in personnel cutbacks)
February 25, 1991... Austin's two Sears stores are trimming their staffs along with the rest of the Chicago-based company in an effort to make up for declining sales nationwide. The two Austin stores together employed a total of 700 employees at the end of...

Insurer must stop. (cease-and-desist order against Armed Forces Emergency Travel Services Inc.)
February 25, 1991... State Insurance Commissioner Phil Barnes Feb. 4 issued an emergency cease-and-desist order to an unlicensed Round Rock and San Antonio business that allegedly was selling travel insurance to military personnel and their dependents. Armed...

MCC tests software. (Microelectronics and Computer Technology Corp.)
February 25, 1991... The Microelectronics and Computer Technology Corp. is trying out a new type of networking software on a project to simulate the behavior of solid materials that have been struck by an extremely high velocity projectile. The simulation...

Sematech names chief. (William L. George)
February 25, 1991... William L. George, vice president and director of Motorola/Toshiba Alliance, has been named chief operating officer and executive vice president of Sematech, the Austin-based research consortium. George replaced Turner E. Hasty, who is...

Tracor reorganizes. (Tracor Holdings Inc. files for Chapter 11 bankruptcy protection)
February 25, 1991... Tracor Holdings Inc. and several of its subsidiaries Feb. 15 filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code. The move was expected because the company had announced last month its plans to file as part of an...

Dell offers new stock. (Dell Computer Corp.)
February 25, 1991... Dell Computer Corp. has filed a registration statement with the Securities and Exchange Commission proposing the offering of 3.5 million shares of common stock. A prepared statement from the company said the proceeds would be used for...

Applied Materials to build. (proposed manufacturing center)
February 25, 1991... Applied Materials Inc. announced last week that it would break ground March 25 at Harris Branch on a $21 million manufacturing center. The facility, where the company will build and test the basic structures of its various wafer...

Credit unions protest reforms. (Austin Chapter of Credit Unions)
February 25, 1991... The Austin Chapter of Credit Unions last week wanted to get all 278,707 members of local credit unions to show up at a Thursday morning rally to protest legislation which, they said, could eliminate the government agency that regulates credit...

Sales tax record. (sales tax rebate increase for the Austin, Texas)
February 25, 1991... The city of Austin this month received its largest local sales tax rebate in history, but other Texas jurisdictions on average received larger percentage increases than Austin. The state comptroller's office mailed Austin a check for $6.4...

Evolution of a newspaper. (Austin Business Journal)(Focus: 10th Anniversary Issue)
February 25, 1991... When the Austin Business Journal made its debut in February 1981, the Austin economy was taking aim at a succession of boon years. The pages of the fledgling monthly tabloid were plastered with positive news. It was good public...

The people who built the Journal. (Austin Business Journal)
February 25, 1991... The people who built the Journal The Austin Business Journal was founded 10 years ago to fill a void in business news coverage and to bolster the political ambitions of its first owner. Lynn Gary, who now is director of marketing,...

Recar joins HMS. (Recar & Associates; Homeowners Marketing Services Inc.)
February 25, 1991... Recar & Associates has joined Homeowners Marketing Services, the nation's leading supplier of real estate support servicees with more than 17,000 member-broker locations in 45 states

Trilogy merges. (Trilogy Group of Commercial Real Estate Services; Integrated Real Estate Services)
February 25, 1991... The Trilogy Group of Commercial Real Estate Services has merged with Integrated Real Estate Services, the company announced. Joining Trilogy from Integrated are Jim Spence and Martha Machell.

Coldwell name change. (from Coldwell Banker Commercial Group Inc. to CB Commercial Real Estate Group)
February 25, 1991... Coldwell Banker Commercial Group, the largest commercial real estate company in America, will change its name to CB Commercial Real Estate Group on April 2. "Our clients have long used 'CB' as a nickname for our company," said James J....

Fuller Dyal & Stamper. (Contracts)
February 25, 1991... Fuller Dyal & Stamper has been named to develop a graphic identity for the Contemporary Arts Museum in Houston.

MHM. (Contracts)
February 25, 1991... MHM has been awarded full-service management contracts for three hotels, including the Crest Hotel on Town Lake in Austin.

Applied Materials Inc. (Earnings)
February 25, 1991... Applied Materials Inc., based in Santa Clara, Calif., announced record net sales of $144.6 million for the three months ending January 27, 1991, with a net income of $4.2 million, or 25 cents per share compared with net sales of $138.8 million...

Dell Computer Corporation. (Earnings)
February 25, 1991... Dell Computer Corporation announced a net income of $8.6 million, or 42 cents per share for the fourth quarter of fiscal 1991 and a net income of $27.2 million, or $1.36 per share for all of fiscal 1991 compared to $1.1 million, or 6 cents per...

CompuAdd Corporation. (Earnings)
February 25, 1991... CompuAdd Corporation announced worldwide 1990 revenues of $515.6 million, compared to $400.1 million for 1989, an increase of 29 percent.

Hall Chiropractic. (Locations)
February 25, 1991... Hall Chiropractic announced the relocation of Dr. Curtis J. Hall to the Northwest clinic located at 11657 Research Blvd., Suite 106.

Jaster-Quintanilla & Associates Inc., Consulting Structural Engineers. (Locations)
February 25, 1991... Jaster-Quintanilla & Associates Inc., Consulting Structural Engineers relocated to 1608 W. 6th St., Suite 100.

First United Properties Inc. (Locations)
February 25, 1991... First United Properties Inc. relocated to 5511 Parkcrest Drive, Suite 203.

Westel Inc. (Locations)
February 25, 1991... Westel Inc. relocated to 111 Congress, Suite 600.

Late news. (Vindicator Corp. relocates headquarters to Austin)
February 25, 1991... Vindicator Corp., a manufacturer of electronic security equipment, announced last Thursday it will move its corporate headquarters from San Jose, Calif., to Austin. The company, which makes alarm systems, access control systems, security...

Downtown Design. (Openings)
February 25, 1991... Downtown Design, a collaborative effort among Kelley Toombs, David Kampa and Marcellina Kampa opened offices at 208 W. 4th St., Austin, 78701, phone 472-3145.

Excalibur Management. (Openings)
February 25, 1991... Excalibur Management, a real estate management services firm for commercial properties, opened offices at 1946 S. IH-35, Suite 302-C, Austin, 78704, phone, 442-6171, FAX, 441-5353.

Shaffer & Culbertson. (Openings)
February 25, 1991... Shaffer & Culbertson, a law firm, opened offices at 1250 Capital of Texas Hwy. S., Building 2, Suite 560, Austin, 78746, phone, 327-8932, FAX, 328-93-46.

Hutcheson & Grundy. (Openings)
February 25, 1991... Hutcheson & Grundy, a Houston-based law firm, opened Austin offices. Joining Hutcheson & Grundy are the law firms of Hooper and Haag and White & Grove, P.C.

Xopix. (Openings)
February 25, 1991... Xopix, an Austin-based national full-service commercial film production company, opened new offices in Chicago.

Ryan McFarland. (Products)
February 25, 1991... Ryan McFarland released the RM/COBOL-85 for NetWare, an interface designed to connect COBOL programs with Novell's Btrieve management system.

Prestige Cleaners. (Products)
February 25, 1991... Prestige Cleaners, a new professional cleaners located in the Westbank Shopping Center on Bee Caves Road, offers hand finished cleaning.

Carroll Touch. (Products)
February 25, 1991... Carroll Touch released a mixed-mode Application Specific Integrated Chip set featuring 50 percent fewer electronic components and a 40 percent reduction in size.

Business Resources Software Inc. (Products)
February 25, 1991... Business Resource Software Inc. released Business Insight, an Expert System for analyzing the non-numeric aspects of business strategies. Business Insight runs on IBM PCs and compatibles and is aimed at entrepreneurs and managers of small...

Miller Blueprint Company. (Products)
February 25, 1991... Miller Blueprint Company, a recent member of the C4 Network Inc., has installed a Versatec color electrostatic plotter that will do plots up to 42 inches wide in color or monochrome with a 400 dpi resolution.

Jenkins & Gilchrist P.C. (Renamings)
February 25, 1991... Jenkins & Gilchrist P.C. has reached a merger agreement with Shapiro, Edens & Cook of Austin. The firm will be known as Jenkens & Gilchrist.

Brashear Properties (Renamings)
February 25, 1991... Brashear Properties of Georgetown has reached a merger agreement with Henry S. Miller Realtors. Reach Ercel or Jean Brashear at the Georgetown office at (512)863-0593 or 863-9521, or on the Austin line at 255-2561.

Be wary of 900 scams. (using 900 prefix phone number services)(Focus: Telecommunication)
February 4, 1991... Be wary of 900 scams Business next? Dial a phone number with a "900" prefix and you can get anything from sports scores to explicit sex talk -- then pay for the call on your next phone bill. You can get weather reports, hear...

Salesman, money vanish. (Johnnie Charles Linberg Jr.)
February 4, 1991... Salesman, money vanish Johnnie Charles Linberg Jr., a former stockbroker and Phi Beta Kappa graduate of the University of Texas, defrauded individuals and financial institutions in Austin and elsewhere out of at least $140,000, then...

Incubator still on the ropes. (management crisis in Southeast Business Incubator)
February 4, 1991... 35 firms at risk Incubator still on the ropes The Southeast Business Incubator is teetering on a fragile tightrope between collapse and rebirth because of a management crisis coupled with rapidly dwindling funding. While two...

Center on target. (Austin Convention Center)
February 4, 1991... Center on target The Austin convention center is on schedule and on budget, according to a status report by city staff officials. Construction is scheduled to be completed June 19, 1992, two weeks before the July 4 planned grand...

CSI spends $2 million. (for Communication Specialists Inc.'s printing operation improvement)
February 4, 1991... CSI spends $2 million Communication Specialists Inc. recently spent $2 million to improve its printing operations. The new equipment includes pre-press systems able to communicate with desktop publishing systems plus two- and six-color...

Little relief in sight. (the problem of unemployment in Texas)
February 4, 1991... Little relief in sight "Here we are again with very little relief in sight," Texas Employment Commissioner Mary Scott Nabers said of the 6.5 percent statewide December jobless rate. The unemployment rate for November was 6.8 percent....

Drink taxes up. (mixed drink sales tax)
February 4, 1991... Drink taxes up Mixed drink sales tax revenues are up but that doesn't mean Texans are drinking more. State Comptroller John Sharp sent checks totalling $11.7 million to 219 counties and 446 cities on Jan. 22. Sharp said the state...

Austin's wrenching success story. (Ben'z Workshop servicing and repairing of Mercedes-Benz vehicles) (company profile)
February 4, 1991... Austin's wrenching success story For Ben Schotz, success is a garage full of Mercedes-Benz. And now it's time to get a bigger garage. Schotz is the owner of Ben'z Workshop, one of a handful of Austin businesses specializing in...

Mideast war not hurting real estate. (real estate business in Austin, Texas)
February 4, 1991... Mideast war not hurting real estate Even if the war in the Middle East continues for several months, the real estate market in Austin is unlikely to be affected, according to one local broker and the vice president of a nationwide real...

Ashland to build. (Ashland Oil Inc.'s plan for warehouse facility)
February 4, 1991... Ashland to build Ashland Oil, Inc. has bought 3.22 acres in Ben White Business Park and plans to build a $2 million warehouse facility to be completed within six months. "Ashland will begin construction of a 40,000-square-foot office...

Owens, Greater Austin Co. merge. (Owens Realty Group)
February 4, 1991... Owens, Greater Austin Co. merge Owens Realty Group and the Greater Austin Company have combined their commercial real estate management operations. The combined company will operate under the name Owens Realty Management and has become a...

On-line info vendors feed business. (information services of Agency Information Consultants Inc.; Capital Information Service; RealComp)
February 4, 1991... On-line info vendors feed business Austin businesses are embracing the information age by creating and using a variety of local databases specific to the area's needs and interests. Many Austin businesses already use national databases...

Larry Lubenow & Associates. (Openings)
February 4, 1991... Larry Lubenow & Associates, a full service communications agency for government and business, opened offices at 9214 Mystic Oaks Trail, Austin, 78750, phone 335-9233. The agency's first major client was the Ohio Valley Regional Development...

Austin Title Co. (Openings)
February 4, 1991... Austin Title Co. opened a new office at 4130 Spicewood Springs Rd. #100, phone 346-4020.

C.A.E. Plus. (Products)
February 4, 1991... C.A.E. Plus announced the availability of PDD (Performance Design and Debugging) service for complex electronic & computer based systems.

Computers to troops. (CompuAdd Corp. sale of personal computers to the United States military)
February 4, 1991... Computers to troops CompuAdd Corp. announced recently that its government sales division received a $21 million contract to supply the U.S. military with personal computer equipment for Operation Desert Storm. The order, which was...

Johnson & Co., Certified Public Accountants. (Renamings)
February 4, 1991... Johnson & Co., Certified Public Accountants changed its name to Johnson Smith & Co., Certified Public Accountants.

Easter & Easter. (Renamings)
February 4, 1991... Easter & Easter became Easter and Easter/Better Homes and Gardens.

Spaw-Glass/Cahaba, Spaw-Glass Builders, Spaw-Glass General Contracting, Spaw-Glass Construction Services, Evergreen Construction Co., Spaw-Glass/Gonzales and Spaw-Glass/Vasquez. (Renamings)
February 4, 1991... Spaw-Glass/Cahaba, Spaw-Glass Builders, Spaw-Glass General Contracting, Spaw-Glass Construction Services, Evergreen Construction Co., Spaw-Glass/Gonzalez and Spaw-Glass/Vasquez reorganized under the name Spaw-Glass Inc.

Sandalwood Management Inc. (Contracts)
February 4, 1991... Sandalwood Management Inc. has been awarded the property management and lease contract for Shoal Creek Plaza and the property management contracts for Fillis Park, Franklin and Melray Apartments.

No more delays. (Texas policy to stop delay in tax payments by taxpayers)
February 4, 1991... No more delays State Comptroller John Sharp said Texas will earn an extra $2.5 million each year because of a new policy that requires any taxpayer who owes the state $500,000 or more in any single tax category to use electronic funds...

RTG/Partners Inc. (Contracts)
February 4, 1991... RTG/Partners Inc. has announced the commission of Stewart Title's new corporate office in 100 Congress and the renovations of Sheraton reservations facility in Austin.

Southwest Airlines. (Earnings)
February 4, 1991... Southwest Airlines announced a quarterly dividend of 2.5 cents per share.