Austin Business Journal articles from September 1990

Austin Business Journal archives from September 1990

Team effort caught Applied. (Applied Materials Inc. to build Austin, Texas factory) (includes related article on why Applied Materials Inc. selected Austin, Texas)
September 3, 1990... Team effort caught Applied In January, a top official of Applied Materials Inc. got a good, strong dose of Austin. Gathered in an amphitheater at the Stouffer Austin Hotel were 40 of the city's top government and business leaders who met...

Securities board stops 'shell' game. (Texas. Board of Securities, public sale of securities)
September 3, 1990... Securities board stops 'shell' game Two Austin firms have signed a cease and desist order with the State Securities Board that directs the companies to stop selling securities unless they meet certain conditions. Austin-Young Inc. and...

Tracor floats plan to ease debt burden. (Tracor Inc. Tracor Aerospace Austin Div., recapitalization plan)
September 3, 1990... Tracor floates plan to ease debt burden If it is approved and if it works, Tracor's recapitalization plan would make the company leaner, stronger and more competitive on all fronts. In short, it would ease overburdening debt and allow...

Bank seeks $3 million from Austin car dealer. (Comerica Bank-Detroit, Austin Toyota Inc., Austin, Texas)
September 3, 1990... Bank seeks $3 million from Austin car dealer A Detroit bank may freeze up to $1 million of Austin Toyota Inc.'s cash on deposit in a local bank. In addition, legal documents were served on the dealership Aug. 15 by law enforcement...

Bank of the Hills to name new president within 10 days.
September 3, 1990... Bank of the Hills to name new president within 10 days Bank of the Hills expects to name its new president within a week or 10 days, Donnie Williams, chairman of the board, said last Wednesday. The new bank executive probably won't be from...

Dell's results rose in second quarter, again. (Dell Computer Corp., earnings)
September 3, 1990... Dell's results rose in second quarter, again Dell Computer Corp. followed a strong first quarter with an even stronger second quarter reporting net income of $6.4 million, 32 cents per share, compared to net income of $1.9 million, a dime per...

Forecaster hits his targets by tracking fundamentals. (Sy Harding Investor Forecasts, periodical) (Investor's Notebook) (company profile)
September 3, 1990... Forecaster hits his targets by tracking fundamentals In its brief two-year history, Sy Harding Investor Forecasts has produced some very impressive profits for its subscribers. Its Mutual Fund portfolio rose 48.7 percent. Its Short-term Trading...

ATMs bring banking to East Austin. (automated teller machines, Austin, Texas) (includes related article on Bank One Texas N.A.)
September 10, 1990... ATMs bring banking to East Austin Bank One, Texas-Austin has won the race to be the first to provide some form of banking services in East Austin, an area now devoid of any banking presence. Bank One's move was not specifically designed to...

Developer to build shopping center in southwest Austin. (New Market Development Co. Ltd., Austin, Texas)
September 10, 1990... Developer to build shopping center in southwest Austin Atlanta-based New Market Development Co. Ltd. recently announced plans to build a 400,000-square-foot shopping center at the intersection of Highway 290 and Brodie Lane in Sunset Valley....

Wright chosen to head new H-TC incubator. (Gerald Wright, Huston-Tillotson College. Enterprise Development Center)
September 10, 1990... Wright chosen to head new H-TC incubator A combination of business and education experience won Gerald Wright the position of executive director at Austin's newest business incubator. Members of the Enterprise Development Center advisory...

Toyota dealer will stay open: exploring acquisition by Apple Motors. (Austin Toyota Inc., Apple Motor Cars)
September 10, 1990... Toyota dealer will stay open Exploring acquisition by Apple Motors The president of Austin Toyota Inc. said the actions taken by a Detroit bank will neither put him out of business nor hamper the possible sale of his firm to Apple Motor...

Amy's sells ice cream in grocery stores. (Amy's Ice Cream)
September 10, 1990... Amy's sells ice cream in grocery stores After a summer of test marketing, Amy's Ice Cream has expanded its grocery store sales to 20 markets in the Austin area. The firm, which has several of its own outlets in Austin, is making its first...

Dell tries to bolster its position in PC market. (Dell Computer Corp., personal computers)
September 10, 1990... Dell tries to bolster its position in PC market With the products it recently announced, Dell Computer Corp. is trying to consolidate and strengthen its position in the meat-and-potatoes portion of the personal computer market as well as...

Liberty seeks success in Security acquisition. (Liberty National Bank, Security National Bank )
September 10, 1990... Liberty seeks success in Security acquisition One of Austin's smaller banks nearly doubled its assets when it emerged the winning bidder and took over the failed Security National Bank, located in Oak Hill. The August 31 acquisition...

Tracor Instruments Austin changes name to Tremetrics. (Tracor Instruments Austin Inc., Tremetrics Inc.)
September 10, 1990... Tracor Instruments Austin changes name to Tremetrics Tracor Instruments Inc., formerly a division of Tracor Inc., changed its name to Tremetrics Inc. The division was purchased from Tracor by Baker Hughes, a Houston-based business involved...

Hibernia intends to be an aggressive lender. (Hibernia National Bank in Texas) (company profile)
September 10, 1990... Hibernia intends to be an aggressive lender A growing bank used the occasion of its first anniversary in Texas to publicly reflect on becoming a $1 billion institution and lay out its plans for the future. "At this point, we need to move...

CTI gets $15 million in contract settlement. (Communications Transmission Inc.)
September 10, 1990... CTI gets $15 million in contract settlement Communications Transmission Inc. (CTI) and Metromedia/ITT settled a dispute over the early termination of a contract with a $15.2 million payment to CTI. Austin-based CTI leases long-distance...

The Light calls it quits, officially. (The Austin Light, periodical)
September 10, 1990... The Light calls it quits, officially The owners of The Austin Light, unable to find new capital for the weekly newspaper, have closed the business. "It just didn't materialize. We had some possibilities, but nothing that would have...

Motorola restructures business units. (Motorola Inc. Microprocessor & Memory Technologies Group)
September 10, 1990... Motorola restructures business units Under a restructuring plan announced last week, the Motorola Inc.'s semiconductor groups in Austin will be consolidated into the Microprocessor & Memory Technologies Group. The group will be headed by...

LCRA-backed Cen-Tex to push business loans. (Lower Colorado River Authority)
September 17, 1990... LCRA-backed Cen-Tex to push business loans Healthy small businesses needing up to $1,875,000 in capital for expansion may find a friend in a brand new organization that was just certified by the U.S. Small Business Administration to process...

Texas Instruments the most likely to buy from Austin's minority firms.
September 17, 1990... Texas Instruments the most likely to buy from Austin's minority firms Texas Instruments won recognition last week as Austin's best major corporation doing business with minority-owned firms. "Texas Instruments bent over backwards to work...

Matchmaker finds money for big ideas. (Texas Capital Network)
September 17, 1990... Matchmaker finds money for big ideas The Texas Capital Network (TCN) matches businesses in need of funding with investors ready to provide the money. The non-profit organization, which is located within the Austin Technology Incubator, has...

County kicks in dollars for technology incubator.
September 17, 1990... County kicks in dollars for technology incubator The success of the Austin Technology Incubator (ATI) keeps surprising its sponsors, who continue to provide it with funding -- so far. The incubator, which helps entrepreneurs launch new...

Zycor bought in $23 million deal.
September 17, 1990... Zycor bought in $23 million deal The acquisition of Austin-based Zycor Inc. by Landmark Graphics Corp. should strengthen Zycor in a changing marketplace, its chairman says. In a stock transaction valued at $23 million, Houston-based...

Austin Area Legal Record gives data daily on paper or instantly via computer.
September 17, 1990... Austin Area Legal Record gives data daily on paper or instantly via computer A five-year-old newspaper that contains no fluff and virtually no advertising is nevertheless read from cover to cover by a hard-core band of business subscribers who...

Thomas-Conrad plugs into growing market. (company profile)
September 17, 1990... Thomas-Conrad plugs into growing market Like most companies, the Thomas-Conrad Co. measures its growth in dollars and cents. But it uses an additional method for plotting its growth curve, one that gives new meaning to the term "pie...

Dell scores coup with Soft Warehouse deal.
September 17, 1990... Dell scores coup with Soft Warehouse deal With its deal to sell computers through Soft Warehouse Superstores, Dell Computer Corp. has become part of a major trend in computer retailing. "It's one of the most amazing concepts in...

MCC takes first services shareholder. (Microelectronics and Computer Technology Corp., Andersen Consulting)
September 24, 1990... MCC takes first services shareholder In a move aimed at broadening its focus to include the end users of computers, Microelectronics and Computer Technology Corp. (MCC) announced Thursday that Chicago-based Andersen Consulting has become the...

Bank One takes over Capitol City Savings. (Bank One Texas N.A., Capitol City Federal Savings Association)
September 24, 1990... Bank One takes over Capitol City Savings Bank One, Texas-Austin nearly doubled its number of Austin locations with the acquisition of the second largest thrift in town. Bank One assumed all deposits and certain other liabilities and...

Mom and pop video business tweaks giants. (Home Video stores) (company profile)
September 24, 1990... Mom and pop video business tweaks giants Dawn and Herb Wiener are the kind of business and marriage partners who bicker all the time, but together they have built one of the fastest growing businesses in Austin. The Wieners opened their...

Securities violator gets 5 years. (Thomas David Van Blaricum)
September 24, 1990... Securities violator gets 5 years Thomas David Van Blaricum of Austin recently pled guilty to third degree felony charges of making material false statements in a document filed with the securities commissioner, according to a press release...

Frank C. Watson. (Newsmakers)
September 24, 1990... FRANK C. WATSON was appointed president and chief operating officer of Scarbroughs. PHOTO : F. Watson, Scarbroughs

Government dollars Austin's golden parachute. (Business & the Government)
September 24, 1990... Government dollars Austin's golden parachute While high-tech companies get much of the attention, government continues to be the leading job-generating machine driving the local economy. Government is also Austin's rock-solid economic...