Austin Business Journal articles from March 1991

Austin Business Journal archives from March 1991

Workers' comp agency rated. (Texas Workers' Compensation Commission)
March 4, 1991... Workers' comp agency rated The state's efforts to carry out the massive workers' compensation insurance reforms passed by the Texas Legislature 15 months ago have run into significant snags. But, despite the enormity of the job, most of...

LBJ Co.'s TV brings $54 mil. (the late President Lyndon Johnson's family owned cable television company Karnack Corp. to be sold )
March 4, 1991... LBJ Co.'s TV brings $54 mil A company controlled by the family of the late President Lyndon Johnson is negotiating to sell its cable television systems in 33 Central and South Texas communities to the nation's largest cable firm. The...

Austin's music beat. (Special Focus: Who's Who in the Music Industry)
March 4, 1991... Austin's music beat Austin gave birth to the cosmic cowboys and much of the outlaw country music that would change music around the nation. Since then, the city gained world renown as one of the best venues for live music in America, in...

Galvin makes Fortune. (Robert W. Galvin of Motorola Inc. makes it to Fortune magazine's National Business Hall of Fame)
March 4, 1991... Galvin makes Fortune Robert W. Galvin, chairman of the executive committee of Motorola Inc., was one of six individuals to make Fortune magazine's National Business Hall of Fame. The winners are profiled in the March 11 issue of the...

Fewer jobless in Austin. (Austin, Texas)
March 4, 1991... Fewer jobless in Austin "We're on the rise again," Texas Employment Commissioner Mary Scott Nabers said of the 6.9 percent January jobless rate for Texas. Austin was in much better condition than the state as a whole, registering an...

First payment received. (Electrosource Inc.'s initial payment from its sale of Horizon Battery)
March 4, 1991... First payment received Electrosource Inc. last month announced that it has received an initial payment from a customer for its Horizon Battery. Frank W. McBee Jr., president, said that this first payment together with expected future...

Looking for business wizards. (Entrepreneur of the Year Award)
March 4, 1991... Looking for business wizards Local business people have the opportunity to follow in the footsteps of Austin's own Michael Dell, who became the first nationally recognized Entrepreneur Of The Year in 1989, a feat recognized by his appearance...

First City machine in East Austin. (First City's automated teller machine in its Texas branch)
March 4, 1991... First City machine in East Austin The first fully-automated banking facility in East Austin opened last week at the Capital Metro site, 2910 E. Fifth Street. The First City, Texas branch is a FirstNet machine that provides 24-hour...

Local credit unions stage protest. (Austin, Texas credit unions protest on legislation lumping member-owned credit unions with other banking institutions)
March 4, 1991... Local credit unions stage protest Worried that the woes of the banking industry could be visited upon them unjustly, 100 credit union supporters gathered in front of the Federal Building in Austin last Thursday to protest any legislation that...

Demand stable for Austin high-tech companies' products.
March 4, 1991... Demand stable for Austin high-tech companies' products The demand for products and services manufactured by four high technology businesses in Austin should be stable or increase, according to a report in Technology Demand Notes, a weekly...

Who's who in the music industry. (personalities in Austin, Texas' music industry)(includes related article)
March 4, 1991... WHO'S WHO IN THE MUSIC INDUSTRY INTRODUCTION Few places in the United States -- especially cities the size of Austin -- can match the diversity of musical events available seven nights a week in the capital city of Texas. But...

Texas Building Owners and Managing Association Inc. (Locations)
March 4, 1991... Texas Building Owners and Managers Association Inc. has retained JMP Limited to provide administrative management services and event planning. Texas Building Owners and Managing Association Inc. has relocated its corporate headquarters from...

Don Cox Company. (Locations)
March 4, 1991... Don Cox Company has relocated to 500 W. 6th St., Suite 202, 478-1711.

Execucom Systems Corp.
March 4, 1991... Execucom Systems Corp. released the Executive Edge Scorecard, an application that displays multidimensional slices of corporate data.

Bannerot, Shaffer & Armstrong. (Renamings)
March 4, 1991... Bannerot, Shaffer & Armstrong has changed its name to Brad Armstrong & Associates. For more information contact Armstrong at (512) 327-8931.

Healthcare Rehabilitation Center. (Contracts)
March 4, 1991... Healthcare Rehabilitation Center has signed an agreement with the City of Austin for inpatient and outpatient rehabilitation at its three Austin facilities: Jefferson, 1600 W. 38th St., Suite 120; main hospital, 1106 W. Dittmar Road and Ramsey...

Lighting Solutions. (Contracts)
March 4, 1991... Lighting Solutions has been awarded the contract to provide the energy efficient lighting upgrade in Skyline Tower. Lighting Solutions has been awarded the contract to provide the energy efficient lighting upgrade in the new neighborhood police...

1406 Camp Craft.
March 4, 1991... 1406 Camp Craft was sold by the Cornerstone Group to John Graham; Christopher Ross handled the sale.

North Hills Town Center.
March 4, 1991... North Hills Town Center was sold by Texas Commerce Bank to McDonald's Corp; Mac Breedlove of Breedlove Realty and Mark Shields and Edwin Williams of The Weitzman Group handled the sale.

Sandlewood Management. (Contracts)
March 4, 1991... Sandlewood Management has been awarded the property management contracts for Sunchase, 902 Romeria and 404 Old Airport Road.

Assessments eyed to help downtown. (community plan to revitalize Austin City downtown area)
March 11, 1991... Assessments eyed to help downtown A committee of volunteer community leaders plans to deliver to the Austin City Council next week specific recommendations for revitalizing downtown, including possible creation of a special district to help...

Austin: the software city. (center for development of software)(Special Focus: Office Technology)
March 11, 1991... Austin The software city Just name the job you want your computer to do -- track the inventory, make engineering decisions, prepare taxes, or even play video games -- and there's an Austin company ready to help you do it. Austin...

Switching complete. (Cedar Valley telephone central office's digital switching system)
March 11, 1991... Switching complete Austin's Cedar Valley telephone central office converted to digital switching March 2, making Austin one of the first large cities in the country with totally computerized telephone switching. The Cedar Valley office...

Perryman predicts. (M. Ray Perryman)
March 11, 1991... Perryman predicts The most recent edition of the Texas Economic Forecast offers the following predictions by M. Ray Perryman for the Austin Metropolitan Statistical Area. * Nominal gross area product is expected to rise at a compounded...

Austin firms put games on lunar surface. (KDT Industries and Wesson International)
March 11, 1991... Austin firms put games on lunar surface Another lunar lander has crashed, the regolith miners are on strike and NASA is threatening to cut science funding. But it's all in a day's work for the commander of Project Moonbase. Two...

AMD to shoot for $100 mil in chip sales. (Advanced Micro Devices Inc.)
March 11, 1991... AMD to shoot for $100 mil in chip sales Advanced Micro Devices has won one of two lawsuits over its re-engineered version of Intel Corp.'s 386 microprocessor. A federal judge in California ruled earlier this month that Intel was not...

Western Sun Photography. (Contracts)
March 11, 1991... Western Sun Photography has been named a participating studio in the Salute To American Military Personnel project.

E.P. Hamilton & Associates Inc. (Contracts)
March 11, 1991... E.P. Hamilton & Associates Inc. has been awarded a $200,000 contract for the preparation of a Light Rail Phase One Action Plan.

Employers National Life Insurance Company. (Earnings)
March 11, 1991... Employers National Life Insurance Company, which has an Austin office, announced 1990 net earnings were $3.803 million, or $3.46 per share, compared to $3.053 million, or $2.78 per share for 1989. Assets were $73.567 million for 1990, an increase...

J. Patrick Roeder, Architect. (Location)
March 11, 1991... J. Patrick Roeder, Architect opened new offices at 5524 Bee Cave Road, Suite J-6, phone 328-2695.

ERM-Southwest Inc. (Openings)
March 11, 1991... ERM-Southwest Inc., a firm that offers services in all environmental fields including hazardous and solid waste management, wastewater treatment, air pollution control, ground water studies, underground storage tank management and risk...

Impact Printhead Services. (Products)
March 11, 1991... Impact Printhead Services of Austin authorized Servicios Hardware, S.A. de C.V. of Monclova, Coah., Mexico to distribute their printhead repair service throughout Mexico.

Dynamic Reprographics. (Products)
March 11, 1991... Dynamic Reprographics of Austin and Central Texas announced the release of the Mutoh pencil/pen plotter for CAD users.

Storm water regs to require permits. (U.S. Environmental Protection Agency's storm-water discharge permits)
March 18, 1991... Storm water regs to require permits Hundreds of Austin area businesses and construction projects are expected to be affected by a new national program aimed at reducing pollutants washed into streams from storm drains. A long list of...

City running the incubator. (Austin City, Texas; Southeast Business Incubator)
March 18, 1991... City running the incubator The city's neighborhood housing and conservation division temporarily has taken over management of the Southeast Business Incubator. Last month the city cancelled a contract with the Greater...

Software Center opens. (Science Applications International Corp. opens Software Technology Center in Austin, Texas)
March 18, 1991... Software Center opens Science Applications International Corp. has opened a Software Technology Center in Austin. Headquartered in San Diego, the firm now has 12,000 employees and annual revenues of more than $1 billion. "The STC will...

S&L studies benefits. (Franklin Federal Bancorp conducts survey on health and medical benefits)
March 18, 1991... S&L studies benefits Franklin Federal Bancorp is conducting a survey of the health and medical benefits provided by the 360 largest employers in Austin. "The first step in controlling costs is to get a total picture of the benefits now...

Recruiter wins contract. (Strategic Associates Inc.)
March 18, 1991... Recruiter wins contract Strategic Associates Inc., an Austin-based executive recruitment firm, recently received a contract from a new alliance of international business consulting and information technology companies. The new alliance...

TAB picks Sonitrol. (Greater Austin Chapter of the Texas Association of Business chooses Sonitrol as business of the year)
March 18, 1991... TAB picks Sonitrol The Greater Austin Chapter of the Texas Association of Business has chosen Sonitrol as its business of the year. The award is intended to recognize a company for its outstanding contribution in building a better...

New method cuts time, costs. (Blade Technologies links computer-aided design to a database for faster estimation of construction materials) (company profile)
March 18, 1991... New method cuts time, costs Since the early 1980s architects and engineers have been using computers to draw building plans and other designs. But, once the drawings are completed, they would go back to calculating square footage and...

Long: success in the slow lane. (Joe R. Long, chairman of the board of First State Bank) (interview)
March 18, 1991... Long: Success in the slow lane Joe R. Long has been chairman of the board of First State Bank since it was chartered in 1968. A banking attorney, Long also practiced law full time until 1989. The oldest and largest independent and...

Conquest buys second airline. (Conquest Airlines; GP Express Airlines)
March 18, 1991... Conquest buys second airline For the second time in a month Austin-based Conquest Airlines has announced plans to acquire a small commuter carrier. The acquisitions come at a time when Conquest has faced its own financial difficulties,...

Hibernia sells its credit card. (Hibernia National Bank sells credit card operation to First USA Inc.)
March 18, 1991... Hibernia sells its credit card Hibernia National Bank, the New Orleans-based bank with operations in Austin, has sold its credit card operation to First USA Inc. of Dallas, one of the largest card processors in the country. The credit...

Stewart Title Austin Inc.
March 18, 1991... MARK E. FEHRMAN has been named president of Stewart Title Austin Inc.

Fulbright & Jaworski.
March 18, 1991... MICHAEL C. KLEIN and J.B. RUHL have been named partners at the law firm of Fulbright & Jaworski.

National expands. (National Instruments opens branches in Germany, Spain, and the Netherlands)
March 18, 1991... National expands National Instruments, which will celebrate its 15th anniversary this spring, has opened new branch offices in Germany, the Netherlands and Spain. The company, which is headquartered in Austin, manufactures software and...

Henry S. Miller/Grubb & Ellis. (Contracts)
March 18, 1991... Henry S. Miller/Grubb & Ellis has been awarded the management/leasing contract for Riverside Place Shopping Center.

Tracor Applied Sciences Inc. (Contracts)
March 18, 1991... Tracor Applied Sciences Inc., a subsidiary of Tracor, has been awarded a contract with a total potential value of $23.8 million to provide engineering and technical services to support the U.S. Navy's Automatic Carrier Landing System and the U.S....

Rector-Duncan & Associates. (Contracts)
March 18, 1991... Rector-Duncan & Associates has been selected to handle the public relations for The Benefit House.

Vista Chemical Co. (Earnings)
March 18, 1991... Vista Chemical Co., which has an Austin office, announced a quarterly cash dividend of 12.5 cents per share on the company's common stock and nonvoting common stock payable on March 22 to stockholders of record March 11. The dividend represents a...

Scientific Measurement Systems Inc. (Earnings)
March 18, 1991... Scientific Measurement Systems Inc. announced a net income of $72,000, or less than one cent per share on revenues of $745,000, for its second quarter ending January 31, compared to a previous quarter loss of $166,000, or one cent per share, on...

NCNB Texas. (NCNB Texas National Bank)(Earnings)
March 18, 1991... NCNB Texas announced a net income of $334.3 million for 1990 and an 8 percent increase over 1989, including $16.7 million in net gains on the sale of investment securities, compared with the net income of $308.8 million for 1989 that included $69...

Greater Texas Federal Credit Union. (Earnings)
March 18, 1991... Greater Texas Federal Credit Union announced a net income of $495,000 and a capital ratio of 9.2 percent for 1990.

Dell no. 2. (Dell Computer ranked second in Shearson Lehman Brothers performance ratings)
March 18, 1991... Dell No. 2 Two Austin computer companies are among the "25 Best" Over-The-Counter stocks, according to 1990 performance ratings given by Shearson Lehman Brothers. Dell Computer was rated number two and Novell was rated number 24 on the...

Fellers & Co. Marketing Consultants.
March 18, 1991... Fellers & Co. Marketing Consultants announced the creation of Fellers & Co. Recruitment Resources, a division that specializes in recruiting advertising strategies, college recruiting marketing plans and employee retention programs. In addition,...

Visionary Video Productions.
March 18, 1991... Visionary Video Productions completed a commercial for Tokyo Steakhouse.

McDonald's restaurants.
March 18, 1991... McDonald's restaurants in conjunction with Browning-Ferris Industries began a recycling program to recycle the cardboard used in Austin-area McDonald's restaurants.