Austin Business Journal articles from March 2001

Austin Business Journal archives from March 2001

Hotel bonds back on track.(H.L. Hotels L.L.C. receives financing)(Brief Article)
March 2, 2001... A buyer appears to have been found for previously unattractive bonds to finance the building of a major downtown hotel to serve the Austin Convention Center. Bob Hodge, director of the Austin Convention Center, says construction could...

RECA backs transit tax.(Real Estate Council of Austin, Texas)(Brief Article)
March 2, 2001... Business organization supports continuing controversial 1-cent sales tax for Cap Metro projects One of Austin's leading business organizations is supporting continuation of a controversial sales tax collection by the Capital Metropolitan...

Company feels secure here.(Interlogix Inc. moves to Austin, Texas)(Brief Article)
March 2, 2001... Interlogix security company, now based in Austin, forecasts up to $650M in revenue this year Interlogix Inc., a publicly held company that's projecting as much as $650 million in revenue for fiscal 2001, has quietly made Austin its world...

Tips from the pros.(Michael Dell of Dell Computer Corp. and Frederick Smith of FedEx Corp.)(Brief Article)
March 2, 2001... According to one of the best, a good business idea is more instinct than advice. Dell Computer Corp. Chairman and CEO Michael Deli told a Hogg Memorial Auditorium audience on the University of Texas campus Feb. 27 that entreprenuership...

Networker Unplugged.
March 2, 2001... Austin event organizer Networker Inc. is striking a chord with its latest event, a March 13 evening panel discussion and concert that will be the closing party for South by Southwest's interactive segment. "It's important to link the tech...

Liquid assets.(Touchstone Resources)(Brief Article)(Statistical Data Included)
March 2, 2001... Austin investor Michael Marcus hopes to strike some black gold. Marcus now owns 2.5 million shares of stock in Houston-based Touchstone Resources Ltd. Touchstone, an oil and gas exploration company, wrapped up a private placement Jan. 15....

Earth, wind and solar power.
March 2, 2001... Austin-based Cielo Wind Power TIC will blow in $10,000 to support Austin's Earth Day 2001. Cielo President Walt Hornaday describes the event as the "who's who of environmental groups in Austin." Austin's Earth Day will be from 11 am.-7...

Tuerff-Davis Enviro Media Inc.(free advertising for Clean Air Force)(Brief Article)
March 2, 2001... Local advertising and public relations firm Tuerff-Davis EnviroMedia Inc. plans to make sure Austinites see and hear a lot more about air quality over the next year. The firm, which specializes in environmentally friendly advertising...

CORRECTION.
March 2, 2001... A story in the Feb. 23-March 1 issue of the Austin Business Journal titled "Grande taps French giant Alcatel as key vendor" incorrectly stated the length of fiber-optic cable purchased by Grande Communications Inc. The length is 62,000 miles,...

Surgical company plans $138M IPO.(United Surgical Partners International $138 million initial public offering)(Brief Article)(Statistical Data Included)
March 2, 2001... DALLAS -- United Surgical Partners International Inc. hopes to raise as much as $138 million in an initial public offering. The Dallas-based company, which owns and operates surgery centers in the United States and Europe, filed IPO...

Mitsubishi affiliate plans S.A. factory.(Coilplus Holdings Inc.)(Statistical Data Included)
March 2, 2001... SAN ANTONIO -- An affiliate of Mitsubishi Corp.'s metals group is developing a factory and service center in Northeast San Antonio. The factory will sell precision-cut shipments of steel to small- and mid-sized manufacturers throughout...

SigmaTel sues Brobeck firm.(Brobeck, Phleger and Harrison)(Brief Article)
March 2, 2001... High tech company alleges negligence, deceptive practices in work by Brobeck attorneys A legal battle between Crystal Semiconductor Corp. and SigmaTel Inc. may have been settled in federal court in December, but related issues still are...

Pixel's money magic.(Pixel Magic Imaging)(Brief Article)(Statistical Data Included)
March 2, 2001... San Marcos company picks up $10.5M in second round, will double number of kiosks David Oles has good reason to smile -- and say cheese. The founder and CEO of San Marcos-based Pixel Magic Imaging Inc. snapped up $10.5 million in...

Boxx boxes up $35M deal.(Boxx Technologies Inc.)(Brief Article)(Company Profile)
March 2, 2001... Minneapolis firm works out 3-year contract for software, hardware from local company Austin's Boxx Technologies Inc. has truly gotten out of the box: It has snagged a deal worth more than $35 million with Minneapolis-based Wam!Net Inc. ...

Online HR firm launched.(WorkplaceToolbox)(Brief Article)(Company Profile)
March 2, 2001... The founder of one of Austin's fastest-growing private companies has founded another company -- and this one's a dot-com. Kelsey August, founder and CEO of the Lone Star Direct, a direct marketing company, recently launched...

Lincoln Property plans spec warehouse space.(Brief Article)(Statistical Data Included)
March 2, 2001... Construction begins this month on 258,000 square feet of speculative warehouses just north of Austin. Lincoln Property Co. and, partner AIG Global Real Estate Investment Corp. of New York purchased the 16-acre tract for Lincoln Vista late...

Cielo to construct wind power plant near Amarillo.(Cielo Wind Power)(Brief Article)(Statistical Data Included)
March 2, 2001... Austin-based Cielo Wind Power LLC plans to build an 80-turbine wind power site near White Deer, about 40 miles east of Amarillo. The wind power will help Xcel Energy Inc.'s Southwestern Public Service Co. supply energy to a 52,000...

Curle becomes chair of Austin Software Council.(Robin Curle, Betty Otter-Nickerson)(Brief Article)
March 2, 2001... Betty Otter-Nickerson, vice president of BMC Software Inc. in Austin, has stepped down as chairwoman and is being replaced by technology consultant Robin Curle, former CEO of Austin's Journee Software Inc. Otter-Nickerson was chairwoman of...

Riata may be pulling plug on North Carolina project.(Riata Development L.L.C.)(Brief Article)
March 2, 2001... Austin's Riata Development LLC might be pulling the plug on its plans to build the 120-acre Ravinia project in Durham, N.C., real estate sources say. The developer of apartment complexes purchased the property several years ago, announcing...

The Semiconductor Industry Association (San Jose).(Brief Article)
March 2, 2001... The slowdown that has hit the semiconductor industry is showing signs of becoming more serious than originally predicted. In fact, chip companies are keeping their fingers crossed that a macroeconomic slowdown doesn't end up dragging their...

Internet Law Library Inc. (Houston).(sues former partners)(Brief Article)
March 2, 2001... Houston-based Internet Law Library Inc. is throwing the book at its former partners. In a federal lawsuit filed Jan. 26, Internet Law Library accuses ex-investors of a slew of improprieties, alleging stock manipulation, securities and...

Cisco Systems Inc. (Washington, D.C.).(planning facility in Virginia)(Brief Article)
March 2, 2001... Silicon Valley giant Cisco Systems Inc. is shopping for about 100 acres in Northern Virginia to accommodate a 1 million-square-foot office campus. "We are looking," says Steve Langdon, a spokesman for San Jose, Calif.-based Cisco Systems....

Objectspace Inc. (Dallas).(lawsuit over bonuses)(Brief Article)
March 2, 2001... Three months after cuffing nearly one-third of its workforce, Objectspace Inc. is facing an unusual lawsuit by former and current employees over its purported failure to pay bonuses. The Dallas-based software and consulting company...

The University of North Carolina (Raleigh/Durham).(biological computing)(Brief Article)
March 2, 2001... Scientists at the University of North Carolina in Chapel Hill are working on a technology that could revolutionize the microchip industry. Think DNA, the genetic source of life. Think making microchips with DNA Think computers that use DNA...

Delaware Sub seeks buyer for franchise rights.(Brief Article)
March 2, 2001... Pete Ademski, president of Austin's Delaware Sub Shops Inc., is ready to take his sub shops to the next level -- and that's no bologna. Ademski wants to sell the franchising rights to a company that can place Delaware Sub restaurants in...

New owner plans offices hotel, eatery.(Intervest Companies)(Brief Article)
March 2, 2001... Roughly 16 acres in Northwest Austin has changed hands, and the new owner is preparing to build about 150,000 square feet of offices as well as a hotel and a restaurant. The site is at 12515 Research Blvd., near other major developments...

Netpliance transferring subscribers to EarthLink.(Brief Article)
March 2, 2001... Austin-based Netpliance Inc. [Nasdaq: NPLI] has reached an agreement with Atlanta-based Internet service provider EarthLink Inc. to transfer its i-opener subscribers to EarthLink. Subscribers to the i-opener Internet service will be given...

Small business group hires new Texas director.(National Federation of Independent Business appoints Jeff Clark)(Brief Article)
March 2, 2001... Jeff Clark has been hired as Texas state director for the National Federation of Independent Business, the country's largest lobbying group for small businesses. He previously worked for Austin-based Public Strategies Inc., a public...

Can do.(mayor of San Marcos, Texas David Chui)
March 2, 2001... Whether it's getting a restaurant off the ground or wooing a chipmaking giant, San Marcos' Mayor David Chiu seems to have taken out the word 'can't' out of his vocabulary David Chiu just plain believes he can get it done. As Chiu was...

Advocates tackle gender divide.(government contracts and women-owned small business)(Brief Article)
March 2, 2001... Women own nearly 40 percent of U.S. businesses, but they received only 2.5 percent of the federal government's contract dollars in fiscal 1999 -- only half of the 5 percent goal for women established by Congress in 1994. This disparity...

He's virtually anywhere.(Virtually Anywhere)
March 2, 2001... Photographers specializes in producing virtual tours For the University of Texas Longhorn football team, recruiting talented players is serious business. Recruiters employ every reasonable effort to lure players to Austin to play football...

How to truly service your sales customers.
March 2, 2001... Is the customer always right? Of course, the answer is no. However, the customer is judge and jury, and anyone who doesn't think the customer is king had better look around. Virtually every customer you come in contact with will have his or...

Angels, VCs still playing startup investing game.(Brief Article)
March 2, 2001... Forget all the gloom and doom surrounding the dot-com bust. Savvy investors, both private and corporate, are dusting themselves off and getting back into the game. "Angels have continued to write checks and have been filling the venture...

Sevin Rosen's Schuele is named general partner.(Brief Article)
March 2, 2001... Sevin Rosen Funds has named A1 Schuele as a general partner. Schuele will manage the Austin office, which he opened last year. Schuele will spearhead investments in semiconductors, communications and wireless Internet application companies....

IBM becomes limited partner in new TL Ventures fund.(Brief Article)
March 2, 2001... TL Ventures, a venture capital firm that has an Austin office, has received an undisclosed investment from IBM Corp. [NYSE: IBM] for its sixth fund, TL Ventures V. With the investment, IBM is a limited partner. The fund will focus on...

Bush picks Hispanic as administrator for SBA.(George W. Bush, Hector Barreto, United States. Small Business Administration)(Brief Article)
March 2, 2001... Seven months before President Bush selected him to head the Small Business Administration, Bush's campaign picked Hector Barreto to represent small business in a prime-time speech at the Republican National Convention. Barreto, president...

Blackouts hit one-fifth of California's small firms.(power failures)(Brief Article)(Statistical Data Included)
March 2, 2001... A survey of 523 small business owners in California found that 44 percent think electricity deregulation was a bad idea that never should have been tried. Another 33 percent say electricity deregulation was a good idea that was poorly...

IRS launches Web site targeting small business.(Internal Revenue Service)(Brief Article)
March 2, 2001... The Internal Revenue Service launched a new Web site that provides answers to basic tax questions facing small businesses and the self-employed. The site also features detailed information for the construction and restaurant industries, as...

Bankruptcy filings decline for second year in a row.(United States)(Brief Article)(Statistical Data Included)
March 2, 2001... As Congress prepared to pass legislation reforming the nation's bankruptcy laws, the Administrative Office of the U.S. Courts reported the total number of bankruptcy filings dropped 5 percent last year. This marks the second year in a row...

Earful of Books opens store in Maryland.(in agreement with Blockbuster Inc.)(Brief Article)
March 2, 2001... Austin-based Earful of Books Inc., an audiobooks chain, has opened the first of two Maryland stores in Rockville. Steven Cohen, president of Earful of Books of Maryland, will operate the new store. The store is the fourth Earful in the...

TManage names Shreiner as chief financial officer.(Jay Shreiner)(Brief Article)
March 2, 2001... Austin's TManage Inc., which helps employers manage telecommuters, has hired Jay Shreiner as its chief financial officer. Shreiner will lead the finance and accounting, human resource, information technology and administrative departments...

Banderacom, Lane15 form InfiniBand partnership.(Brief Article)
March 2, 2001... Austin-based startups Banderacom Inc. and Lane15 Software Inc. have formed a partnership to deliver integrated silicon, software and development tools to InfiniBand equipment manufacturers. Banderacom will provide the silicon and Lane15...

Where will it end?(subleasing of office space, Austin, Texas)
March 2, 2001... Commercial space returns to the market as subleases; some new construction may be in limbo March 2001 finds all eyes in Austin's office real estate arena on the sublease market. In the past two months, more than 1 million square feet...

Like father, like son in Austin area real estate.(Jim Cotton of McAllister and Associates Inc.)(Brief Article)(Statistical Data Included)
March 2, 2001... Jim Cotton, commercial real estate broker with Austin's McAllister & Associates, is not only one of the firm's top producers, he surely holds the world's record for shortest time elapsed betweensaying "hello" and producing pictures of his...

Shhhhhhhh ... It's all about the silent market.
March 2, 2001... It's been described as the silent market, the word-of-mouth network and even the secret market. But what, really, is the silent market? Typically, brokers in commercial real estate use a listing service detailing available space for...

A renovation endeavor will transform 'old IBM'.
March 2, 2001... Commercial real estate projects can sometimes bring the term "cookie cutter" to mind because of exterior similarities. But exceptions also abound. In Austin's recently-tight commercial real estate market, searches for space often lead to...

How to find your commercial financial partner.(Brief Article)
March 2, 2001... If there is one constant in the commercial real estate market, it is "things change." Occupancy rates rise and fall, demand for new housing and office structures varies with interest rate and employment patterns, development opportunities...

Sublease fever hits Boston Hub's office market.(Brief Article)
March 2, 2001... It's almost commonplace these days for shaky dot-com companies to put subleased office space back on the market, but the likelihood that even a mainstay such as Verizon Communications will be subleasing at least 200,000 square feet in Boston,...

New services downtown.(Jefferson Wells International)(Brief Article)
March 2, 2001... Milwaukee-based Jefferson Wells International, a professional services firm that competes with the Big 5 accounting firms, opened an Austin office March 1 at 100 Congress Ave. downtown. It will offer finance, accounting, internal audit, tax and...

LARGEST LANDSCAPE ARCHITECTURE FIRMS.(Statistical Data Included)
March 2, 2001... LARGEST LANDSCAPE ARCHITECTURE FIRMS Ranked by number of licensed landscape architects Number of: Name Licensed Address ...

Seattle brokers use creativity to fill space.(new incentives for real estate agents)(Brief Article)(Industry Overview)
March 2, 2001... A real estate broker who puts a tenant in the 140th Plaza office building in Bellevue, Wash, can expect not only the usual commission, 'but a vacation to Sun Valley, Idaho--complete with everything from airfare and lodging to lift tickets or a...

Austin is test market for Blockbuster-RadioShack.(Brief Article)
March 2, 2001... Blockbuster Inc. [NYSE: BBI] and RadioShack Corp. [NYSE: RSH] are introducing a RadioShack store-within-a-store concept inside Blockbuster Video stores in Austin and three' other test market cities. RadioShack will install small stores or...

Frustrated firm opts to buy rather than lease.(Brief Article)
March 2, 2001... Bijan Khosravi was fed up. After looking at 30 different buildings trying to lease space for his company, the CEO of Atlanta startup Movaz Networks Inc. couldn't believe the amounts Atlanta landlords expected for security deposits. ...

TOP 10 SINGLE TENANT CAMPUSES.(Statistical Data Included)
March 2, 2001... TOP 10 SINGLE TENANT CAMPUSES Ranked by total square feet of existing campuses Total s.f. of all Business Name Austin-area Main address campuses/ Rank...

Chase Bank signs huge north Dallas plaza lease.(Brief Article)
March 2, 2001... The global services division of Chase Manhattan Bank has leased 405,000 additional square feet at Chase International Plaza in Farmers Branch near Dallas to accommodate more than 3,000 employees it plans to have by 2002. The move ends...

Using space to hire and keep employees.(Brief Article)
March 2, 2001... There are a number of reasons to provide your employees with an open environment that encourages teamwork and interaction and fosters continuous learning and development. According to statistics, over the next decade America will...

PEOPLE.(appointments)
March 2, 2001... The Austin Business Journal publishes news about promotions and hirings each week. Listings in People are free. Send a typewritten announcement including the person's name, new position title, the name of the company, job responsibilities,...

Hotel funding too difficult.(bond market weakens)(Brief Article)(Statistical Data Included)
March 2, 2001... What appears to be a financially feasible project shouldn't have been so troublesome We're both pleased and disturbed that Austin now has some movement on getting financing for a major downtown hotel to serve the convention center and its...

Bird's eye view of a riot.(Austin's Sixth Street Mardi Gras turns into riot)(Brief Article)
March 2, 2001... I strongly believe in experiencing Austin. But I never thought it would put me in the middle of a riot. Trying to do one led to the other last month. Checking out how Austin does Mardi Gras trapped me for a brief time in what is kindly...

Verdict of $2.5M hits exec.(securities fraud)(Brief Article)
March 16, 2001... Shareholders sued former MSI Holdings Chairman, CEO Jose Chavez over two stock deals A Travis County jury has ordered the former chairman and CEO of Austin's MSI Holdings Inc. to pay two shareholders more than $2.5 million in connection...

FIC may be up for sale.(Financial Industries Corp.)(Brief Article)
March 16, 2001... A 27-year-old mortgage protection life insurance company founded by local entrepreneur Roy Mitte might be sold after wrapping up a pending merger with another Austin life insurance company. Financial Industries Corp., or FIC, approved a...

Agencies probe chip waste.(Brief Article)
March 16, 2001... An Austin high tech metal plating company is under investigation by city, state and federal environmental regulators for allegedly discharging untreated industrial waste into the City of Austin sewer system. Federal documents on the...

Digging those doughnuts.(Brief Article)
March 16, 2001... Krispy Kreme lovers in South Austin now will have a more convenient way to satisfy their cravings. The doughnut chain's second Austin location will be at 701 E. Stassney Lane, according to the City of Austin's permitting department. That's...

Back to basics.(Networker.com Inc. conference)(Brief Article)
March 16, 2001... "Technology's never going away." That's what those who attended Networker.com Inc.'s March 13 PowerForum and PowerMixer at the Austin Music Hail heard from seven PowerPanel members who discussed the future of tech. The event was part...

Will work for VC.(2001 Texas Venture Capital Conference )(Brief Article)
March 16, 2001... Don't give up yet on that venture capital round. Austin's tech startups have another chance to pitch their proposals May 16 and 17 at the 2001 Texas Venture Capital Conference in Austin. The conference, hosted by AeA and The Capital...

Icon's in Austin.(Icon Marketing LLC)(Brief Article)(Company Profile)
March 16, 2001... Icon Marketing LLC has decided the grass is a little greener in Silicon Hills. The 6-year-old marketing firm has moved its headquarters from Houston to Austin to target high tech companies that have eliminated their marketing staffs to cut...

Hostel intent.(Brief Article)
March 16, 2001... Student travelers have a new place to stay while taking in Austin's cool culture. The 6th Street Hostel is expected to open in the final days of this month's South By Southwest music festival. The hostel is in upstairs space at 604 E....

Bridging the gap.(Broadband Wireless International Corp. appointment)(Brief Article)
March 16, 2001... Austinite Cristala Allen, who's a Comanche/Caddo Indian, is helping American Indians bridge the digital divide. Allen has been hired by Oklahoma City, Okla.-based Broadband Wireless International Corp. to oversee the company's broadband...

Environmental company closes.(American Eco Corp.)(Brief Article)
March 16, 2001... HOUSTON -- American Eco Corp., once a publicly traded consolidator in environmental remediation with a $20 stock, has shuttered its last remaining operation after the sale of assets during its bankruptcy process. American Eco was a holding...

Paul Allen sells Allegiance stock.(telecommunciations company)(Brief Article)(Statistical Data Included)
March 16, 2001... DALLAS -- Microsoft Corp. co-founder Paul Allen's investment arm has liquidated. its 5.5 percent stake in Allegiance Telecom Inc. and relinquished its seat on the Allegiance board, effectively cuffing its ties to the Dallas-based voice and data...

Planning may be overhauled.(Austin's real estate development process)(Brief Article)
March 16, 2001... City Council to consider plans to change process criticized by local real estate community An overhaul is on the horizon for City of Austin departments critical to real estate development. Noting repeated complaints about the speed of...

Schlotzsky's posts loss, higher revenue in 2000.(deli franchise)(Brief Article)(Statistical Data Included)
March 16, 2001... Austin-based Schlotzsky's Inc. [Nasdaq: BUNZ] posted a net loss on higher revenue in fiscal 2000. The company reported a loss of $2.3 million or 31 cents for the year ended Dec. 31, compared with net income of $526,000 in fiscal 1999. ...

After pulling the plug.(Austin companies stop initial public offering)(Statistical Data Included)
March 16, 2001... Three former IPO candidates pursue funding, profitability Motive Communications Inc.'s March 9 decision to pull its initial public offering came as little surprise, given the volatile stock market. But the move places the online services...

Gray Cary gains IP litigator.(intellectual property attorney Alan Albright)(Brief Article)
March 16, 2001... Former U.S. magistrate comes to law firm after practicing at rival Thompson & Knight As part of its strategy to boost its intellectual property litigation practice, Gray Cary Ware & Freidenrich rich LLP has snatched up Alan Albright, who...

Doubts cast on Xbox.(success of Microsoft's game console questioned)(Brief Article)(Statistical Data Included)
March 16, 2001... Digital Anvil plays key role in Microsoft's new game console, but analysts forecast major loss Microsoft Corp.'s acquisition of Austin-based Digital Anvil in December came only a month before Microsoft unveiled its upcoming Xbox, the game...

FreeMarkets sued over business method patent.(plaintiff Bid/Ask LLC)(Brief Article)(Statistical Data Included)
March 16, 2001... A New Mexico company is flexing its intellectual property muscle in a Travis County lawsuit against FreeMarkets Inc., a Pittsburgh-based company with an Austin presence. According to the suit, filed March 12 in Travis County District...

Downtown Omni gets new general manager.(Mark Nelson)(Brief Article)
March 16, 2001... Mark Nelson has been named general manager of the Omni Austin Hotel Downtown. The dowtown location is one of two Omni hotels in Austin. The downtown hotel has 322 guest rooms and 40 suites. Nelson replaces Leslie Reynolds, who recently...

Lake Austin Spa Completes renovation.(Brief Article)
March 16, 2001... The Lake Austin Spa Resort recently completed a $7 million renovation. The project was begun three years ago by co-owners Michael McAdams and Billy Rucks. All 40 of the resort's guest rooms were refurbished.

Vignette faces $3.6M lawsuit over software.(Carlson Hospitality Corp. vs Vignette Corp.)(Brief Article)
March 16, 2001... A Minnesota company is suing Austin's Vignette Corp. for about $3.6 million in losses allegedly caused by installation of software worth about $100,000. Plymouth, Minn.-based Carlson Hospitality Corp. filed a lawsuit Feb. 15 in U.S....

Austinite's plan for chain rejected by shareholders.(Pancho's Mexican Buffect Inc.)(Brief Article)(Statistical Data Included)
March 16, 2001... Stockholders of Fort Worth-based Pancho's Mexican Buffect Inc. have turned down a plan proposed by an Austin commercial real estate developer and restaurateur to sell the company. The proposal, by Stephen "Duffy" Oyster of Austin, called...

Prime Medical to acquire company in Illinois.(Calumet Coach Co.)(Brief Article)
March 16, 2001... Austin-based Prime Medical Services Inc. [Nasdaq: PMSI] says it plans to buy the assets of Calumet Coach Co. Calumet, based in Calumet City, Ill., designs and makes mobile units for such purposes as medical laboratory testing, health care...

GroceryWorks.com (Dallas).(minority shareholders' lawsuit)(Brief Article)
March 16, 2001... Claiming GroceryWorks.com needs a cash infusion within six weeks to stay afloat, minority shareholders in the online grocer have filed a $180 million lawsuit against majority stakeholders, including Safeway Inc., over what they call a...

Rob Shaw (Houston).(Akili and Emerging merger means layoffs)(Brief Article)(Company Profile)
March 16, 2001... More than 30 people are expected to lose their jobs when the merger between Akili and Emerging is wrapped up. Rob Shaw, Emerging's founder, says the companies' staffs have a 10 percent to 15 percent redundancy. He expects the layoffs will...

Transaction Network Services Inc. (Washington, D.C.).(Brief Article)(Company Profile)
March 16, 2001... Jack McDonnell has made a career out of shrewd dealmaking. But his latest deal could top them all. Sources say McDonnell -- who sold Transaction Network Services Inc. to Ashburn, Va.-based PSINet Inc. less than two years ago for $714...