Austin Business Journal articles from June 1990

Austin Business Journal archives from June 1990

The business of education: UT auxiliary enterprises generate $92 million a year. (University of Texas)
June 4, 1990... The business of education As saying goes, they grow 'em big in Texas, and the state's flagship university is no exception. The University of Texas at Austin is the second-largest college campus in the nation, an enterprise with more than...

Research center adds to Austin's high-tech image. (Federally Funded Research and Development Center)
June 4, 1990... Research center adds to Austin's high-tech image Austin's reputation as a technology center received a boost with the U.S. Defense Department's decision to put a federally funded research laboratory at the University of Texas. University...

Small firms should be wary when seeking loans.
June 4, 1990... Small firms should be wary when seeking loans John B. Chenault operates in an area of business that is not regulated. Anyone can call themselves a loan packager and charge a fee to put together applications for a loan guaranteed by the U.S....

Farm Credit Bank reports results. (News Briefs)
June 4, 1990... Farm Credit Bank reports results Improving economic conditions in agriculture contributed to a successful first quarter for the Farm Credit Bank of Texas, the bank announced recently. The Austin district of the bank reported combined net...

Savvy buyers depend on Computer Fair specials. (Austin Computer Fair)
June 4, 1990... Savvy buyers depend on Computer Fair specials The average computer hardware and software shopper typically sees only two or three brands before making a buying decision. By coming to the Austin Computer Fair, buyers find many brands available...

Austin employment grows.
June 4, 1990... Austin employment grows Led by increases in manufacturing and government employment, the Austin area gained 5,500 jobs in April 1990 from April 1989. For the month, Austin's unemployment rate was 4.4 percent, down from 5.6 percent in April...

Cable firm checks in hospitals. (Cable Healthcare)
June 4, 1990... Cable firm checks into hospitals Entrepreneur Chris Tyson hopes to join an industry still in its infancy by expanding his interactive video services, now in hotels, to hospitals. Tyson last week announced the formation of a new company...

ART reports $1 million in sales. (Arrhythmia Research Technology Inc.)
June 11, 1990... ART reports $1 million in sales Arrhythmia Research Technology Inc. reported that, for the three months ending May 31, sales reached more than $1.1 million. More than 500 of the company's bedside electrocardiogram systems currently are in...

Sematech searches for chief.
June 11, 1990... Sematech searches for chief The task facing the committee searching for a new chief executive officer for Sematech is a tough one, but not as tough as the search for the research consortium's first CEO. Robert Noyce took the job in 1987...

Bookstop aims for four-fold growth. (company profile)
June 11, 1990... Bookstop aims for four-fold growth Austin-based Bookstop Inc. is trying to grow. Bookstop currently has 24 stores in four states and hopes to expand to more than 100 stores throughout the country within five years, said chairman Tom...

Area economy continues growth. (Austin, Texas)
June 11, 1990... Area economy continues growth The Austin area economy continued a trend of steady growth in May, according to the Austin Purchasing Management Association Composite Business Index. The index reached +7, the same as in April and March. The...

New magazine on the presses. (Texas Life, publication)
June 11, 1990... New magazine on the presses Three Texas publishing veterans announced last month that they have purchased Texas Hill County View magazine and plan to reintroduce the 10-year-old publication as Texas Life. Annette Wysocki, Mike Frick and...

Novell looks for big things from Austin. (Novell Inc. Development Products Div., Austin, Texas) (company profile)
June 11, 1990... Novell looks for big things from Austin Looking out at the people crowded into her new conference room, Nancy Woodward said, "It's hard to relate this event to the beginning of the company." The event was the official opening of the...

CompuAdd lines up credit.
June 11, 1990... CompuAdd lines up credit CompuAdd Corp. has opened a $50 million line of credit with two banks to help finance its growth. The banks are First Interstate, with which CompuAdd has a banking relationship, and First City, Texas-Austin. ...

Real estate auction set for June 12. (National Real Estate Clearing House Inc.)
June 11, 1990... Real estate auction set for June 12 National Real Estate Clearinghouse Inc. of Chicago is sponsoring an auction of foreclosed residential properties June 12 at the Radisson Plaza Hotel. The company is conducting a live auction of 36...

Austin firms vary in plans to deal with exec's death. (Austin, Texas)
June 11, 1990... Austin firms vary in plans to deal with exec's death The death last week, of Sematech's president and chief executive officer Robert Noyce came as a shock, but the company's day-to-day operations are running smoothly because Noyce had shared...

Commitment to quality necessary to survival. (Motorola Inc.) (company profile)
June 11, 1990... Commitment to quality necessary to survival As far as Bob Galvin, the former chairman and chief executive of Motorola Inc., is concerned, managers will be evaluated on two things in the years to come. The first will be their ability to...

MCC looks into visualization for new business. (Microelectronics and Computer Technology Corp., strategic visualization technology)
June 11, 1990... MCC looks into visualization for new business Austin's Microelectronics and Computer Technology Corp. (MCC) announced last week it is launching a study of strategic visualization technology - the visual representation via computer imaging and...

Tracor gets contract. (Tracor Applied Sciences, antisubmarine warfare systems)
June 11, 1990... Tracor gets contract Tracor Applied Sciences, a subsidiary of Tracor Inc., received a subcontract from Vredenburg, a Reston, Va.-based company, to provide engineering and technical services to the Naval Sea Systems Command in the areas of...

In a rocky business, Stasswender keeps rolling right along. (Stasswender Marble & Granite Works, Austin, Texas) (Focus on Family Business) (company profile)
June 11, 1990... In a rocky business, Stasswenders keep rolling right along If a product has something to do with marble or granite, chances are Bob Stasswender, president of Stasswender Marble & Granite Works, can tell you all about it. Stasswender has been...

Sweet dreams: Lammes has been a family firm in confections for over a century. (Lammes Candies) (Focus on Family Business) (company profile)
June 11, 1990... Sweet dream Lammes has been a family firm in confections for over a century "One of Austin's finest candies since 1885." So goes the motto of Lammes Candies. Had it not been for an unlucky poker hand played by William Wirt Lamme in June...

Austin firm to provide research, advice to French radio network. (Benchmark Co., Austin, Texas, Skyrock)
June 11, 1990... Austin firm to provide research, advice to French radio network Robert Balon of the Benchmark Co. says he won his first European client because of a book he wrote that his publisher translated and marketed in France without his knowledge. ...

NCNB takes over for NBC. (NCNB Texas National Bank, nine Texas National Bancshares Corp.-owned banks)
June 11, 1990... NCNB takes over for NBC Nine Texas banks owned by the San Antonio-based National Bancshares Corp. were declared insolvent last week, including NBC Bank - Austin, and NCNB Texas National Bank has agreed to purchase nearly $1 billion of the...

LaserCharge. (names Terry Burgess president, CEO)
June 11, 1990... LaserCharge named TERRY BURGESS LaserCharge named TERRY BURGESS president and chief executive officer and J. HOWERTON vice president of sales and marketing.

Healthcare employees keep working despite corporation's financial woes. (Healthcare International Inc.)
June 18, 1990... Healthcare employees keep working despite corporation's financial woes As most observers of Austin business know, Healthcare International Inc. has not lately been in the best of health. But according to its top executives, it has never ceased...

MCC establishes packaging program. (Microelectronics and Computer Technology Corp.)
June 18, 1990... MCC establishes packaging program The Microelectronics and Computer Technology Corp. (MCC) will try to make computers faster and smaller with a new research project. The research consortium formed the Open Systems Satellite to support...

New SBA loan firm to promote rural economy. (U.S. Small Business Administration, Cen-Tex Certified Development Company Inc.)
June 18, 1990... New SBA loan firm to promote rural economy Small businesses may soon have access to another source of long-term, low-interest loans, if the U.S. Small Business Administration (SBA) authorizes a newly formed company to make loans under its 504...

Hibernia takes over Alliance locations. (Hibernia National Bank in Texas, Alliance Bank)
June 18, 1990... Hibernia takes over Alliance locations In a series of ads in 1989, Alliance Bank asked Austin residents, "It's Monday, do you know who your banker is today?" Last week, customers at Alliance's three locations found that their new banker...

Hudson's spins off real estate interests. (Hudson's Bay Company, Provident Development Co.)
June 25, 1990... Hudson's spins off real estate interests Hudson's Bay Company has announced plans to spin off its real estate interests, including Austin-based Provident Development Co., to shareholders. Provident, the developer of Harris Branch in East...

Law firm provides counseling to clients. (Boozer and Tull, psychological counseling)
June 25, 1990... Law firm provides counseling to clients The Austin law firm of Boozer and Tull has begun providing its divorce and child-custody clients the opportunity to participate in counseling and support group sessions conducted by psychologist Larry...

Wendy's downtown shop closes in wake of firm's bankruptcy. (Classic Prime L.P.)
June 25, 1990... Wendy's downtown shop closes in wake of firm's bankruptcy Citicorp, which took over the Wendy's franchise in the Austin area in January, is seeking a buyer for the restaurants. One company that is considering the purchase is JVCC...

Firms team up for swimming videos. (Walkabout Productions, Medley Swim Systems, video tape recordings)
June 25, 1990... What's new Firms team up for swimming videos Two Austin companies have teamed up to produce what they believe are the first videos on teaching adults and children how to swim. Walkabout Productions and Medley Swim Systems currently...

HealthVest reports first quarter loss.
June 25, 1990... HealthVest reports first quarter loss Austin-based HealthVest reported that it lost $4.2 million, 39 cents a share, for the first quarter of 1990, compared with $5.5 million in income for the same period last year. The losses, as in past...