Austin Business Journal articles from September 1991

Austin Business Journal archives from September 1991

Waste hauler plans to expand recycling. (Longhorn Community Disposal's plan to build a recycling plant) (Company Profile)
September 2, 1991... Waste hauler plans to expand recycling Longhorn Community Disposal, a waste-hauling firm that recently received state permission to expand its landfill northeast of Austin, is seriously considering building a recycling plant in the area. ...

New fees will pay for cost of battery disposal. (recycling fee added on to price of lead-acid batteries, tires and motor oil)
September 2, 1991... New fees will pay for cost of battery disposal Texas landfills and storm sewers should begin to look a bit cleaner in the future thanks to a new fee that has been added to the price of lead-acid batteries, and a soon-to-be-added fee for tires...

EZCorp. stock. (initial public offering of stocks)
September 2, 1991... EZCorp. stock EZCorp Inc. last week announced it has commenced its initial public offering of 2.5 million shares of Class A non-voting common stock at $9.75 a share. All shares being sold are offered by EZCorp. Austin-based EZCorp is...

State unemployment. (unemployment in Texas)
September 2, 1991... State unemployment Unemployment for the state rose from 6.1 percent in July to 6.3 percent in August, according to statistics released by the Texas Employment Commission. In just 30 days, the ranks of the unemployed increased by 72,000...

Law removes barriers to work. (role of interior designers in the implementation of the Americans with Disabilities Act)(Focus: Interior Design)
September 2, 1991... Law removes barriers to work When Mr. Businessman strides through his office, store or restaurant, he isn't likely to notice the barriers that have been thrown up around him. But drop him in a wheelchair and he might develop a new sense...

First City Bancorp. of Texas. (Earnings)
September 2, 1991... First City Bancorp. of Texas announced a net loss of $58.9 million, or a loss of $3.48 per share for the second quarter of 1991 compared to an income of $19.8 million, or 76 cents per share for the same period of 1990.

HealthVest. (Earnings)
September 2, 1991... HealthVest announced an income of $581,000, or 5 cents per share for the second quarter ending June 30, 1991, compared to a net loss of $2.7 million, or 25 cents per share for the same period of 1990. Revenues for the 1991 quarter were $9.8...

Southern Union Co. (Earnings)
September 2, 1991... Southern Union Co. announced net earnings of $891,000, or 5 cents per share for the second quarter ending June 30, 1991, compared to an earnings loss of $3.2 million, or a 72 cents per share, for the same period of 1990.

Southwest Airlines Co. (Earnings)
September 2, 1991... Southwest Airlines Co. announced a net income of $10.6 million, or 25 cents per share for the second quarter ending June 30, 1991, compared to $23.5 million, or 55 cents per share for the same period a year ago.

American Physicians Service Group Inc. (Earnings)
September 2, 1991... American Physicians Service Group Inc. announced revenues of $4.1 million for the second quarter ending June 30, 1991, compared to $3.4 million for the same period of 1990. Net earnings for the 1991 quarter were $161,000, or 4 cents per share,...

Austin, CableVision dispute over franchise-fee payments. (Austin CableVision; city audit on back franchise-fee payments)(Texas Trends)
September 2, 1991... Austin, CableVision dispute over franchise-fee payments AUSTIN -- The city of Austin and Austin CableVision are at odds over a city audit that claims the cable company owes $205,066 in back franchise-fee payments. Among other things, the...

Recycler needs to relocate now. (Ecology Action)
September 9, 1991... Recycler needs to relocate now Ecology Action, Austin's pioneering recycling business, is looking feverishly for a new home. A warehouse that Ecology Action has been renting from Shiner of Austin Inc. in East Austin for the past six...

Prescription for profit. (prospects on franchise)
September 9, 1991... Prescription for profit If you're going to go into business for yourself, you'd be wise to buy a franchise. That was the advice given by several franchising experts at the fourth Business Opportunity Symposium Series held recently in...

Toner down a coup. (Toner Plus' LaserMax cartridges helped Russian Republic Boris Yeltsin to print pronouncement during the coup in the Soviet Union)(Business Briefs)
September 9, 1991... Toning down a coup A local copier supply company recently helped tone down communism in the Soviet Union. Toner Plus received information from its distributor in Hong Kong that three of the company's LaserMax cartridges were taken to...

Air traffic increases. (Robert Mueller Municipal Airport passenger traffic)(Business Briefs)
September 9, 1991... Air traffic increases Robert Mueller Municipal Airport reported passenger traffic for July increased by 5,862 passengers over June. Trans World Airlines and USAir lead in traffic increases when compared to July of 1990, with American...

Dell doubles income. (Dell Computer Corp.)(Business Briefs)
September 9, 1991... Dell doubles income Dell Computer Corp. nearly doubled its second quarter net income for the 1992 fiscal year over the second quarter of fiscal 1991. Dell increased net income by 94 percent to $12.4 million for the second quarter of...

Crystal merger in works. (Crystal Semiconductor Corp. merges with Cirrus Logic Inc.)
September 9, 1991... Crystal merger in works An Austin high-tech company signed a definitive agreement last week for merger with a California-based software supplier company. The presidents of privately held Crystal Semiconductor Corp. of Austin and publicly...

CompuAdd: $75 mil. (CompuAdd Corp.'s financing from banks)
September 9, 1991... CompuAdd: $75 mil A premier Austin-based computer company has just secured a platinum line of credit with four major banks to continue its record growth. CompuAdd Corp. announced last week that it completed a $75 million financing...

MCI adding 200 jobs. (MCI Marketing Services Inc.)
September 9, 1991... MCI adding 200 jobs MCI Marketing Services Inc. of Austin recently announced it soon will be able to promote its clients in a bigger way. The Iowa-headquartered company, which locally employes 700 people, has begun hiring to fill 200 new...

Photronics close to Austin decision. (Photronics Corp. to relocate to Austin, Texas)
September 9, 1991... Photronics close to Austin decision But American Airlines drops plan to locate in Harris Branch With the offer of tax abatements from three local jurisdictions, a Connecticut high-tech firm is pondering a plant in Austin. ...

Southern Union. (Business Briefs)
September 9, 1991... Southern Union Southern Union Co.'s second quarter and six-month earnings showed improvement over the same periods of 1990. The Austin-based Southern Union announced net earnings of $891,000, or 5 cents per share for the second quarter...

Dirty laundry. (industrial cleanroom garments cleaning services; Mission Industries)(Business Briefs)
September 9, 1991... Dirty laundry A new facility in Round Rock will soon be airing the electronics and pharmaceutical industries' dirty laundry. The 10,000-square-foot plant, opened by California-based Mission Industries, will launder specially treated...

Insurance needed. (automobile insurance prerequirement to issuance of vehicle registration)(Business Briefs)
September 9, 1991... Insurance needed Texas motorists are not likely to get their vehicle registration renewed if they don't follow laws recently enacted by the state Legislature. As of Sept. 1, the owner of a vehicle must show current proof of liability...

Home offices: the best and worst of business life. (home-based offices and businesses)(Focus: Office Technology)
September 9, 1991... Home offices: The best and worst of business life Imagine designing 10 companies' newsletters in just a couple of days and never having to get out of your bathrobe. Sound appealing? Don't be fooled so easily. Although the computer era...

Bonner and Tate Advertising and Public Relations. (Contracts)
September 9, 1991... Bonner and Tate Advertising and Public Relations has contracted to provide services for Lucas Medical, United Teachers Associates Insurance Co., St. Edward's University and Centex Economic Development Foundation.

Just in Time Resources International, Inc. (Contracts )
September 9, 1991... Software manufacturer and distributor, Just in Time Resources International Inc., has been named an IBM Business Partner --Authorized Industry Remarketer.

Dell Computer Corp. (Earnings)
September 9, 1991... Dell Computer Corp. reported a net income increase of 94 percent to $12.4 million on record sales of $200 million in the second quarter of fiscal 1992, ending Aug. 4, 1991. Earnings per share were 50 cents, compared with earnings per share of 32...

Seton opening new $37 million hospital. (Seton Northwest Hospital)
September 16, 1991... Seton opening new $37 million hospital Austin will have a fifth full-service hospital beginning next week with the official opening of the high-tech Seton Northwest Hospital on Sept. 25. The $37 million facility is designed to serve the...

Chenault indicted in two counties. (John Bert Chenault of John B. Chenault and Associates Business Brokerage indicted for felony in Travis and Williamson counties)
September 16, 1991... Chenault indicted in two counties A man whose questionable business practices were exposed in articles published last year by the Austin Business Journal has been indicted in both Travis and Williamson counties. John Bert Chenault, 52,...

CableVision fighting strikers, city and taxes. (Austin CableVision's dispute with the city of Austin over franchise payments)
September 16, 1991... CableVision fighting strikers, city and taxes Austin CableVision has been getting a lot of static lately, and it's not coming from electrical interference. The company is in the midst of a strike by employees and a separate $200,000...

Tracor reorganization in hands of claimants. (Tracor Holdings Inc.)
September 16, 1991... Tracor reorganization in hands of claimants The reorganization of Tracor Holdings Inc., headquartered in Austin, is underway and the fate of the company and its subsidiaries is in the hands of claimants -- mostly banks and bondholders -- who...

Hilton delivers. (renovation of Austin Hilton)
September 16, 1991... Hilton delivers "We're dropping a bundle on our baby," says a sign posted next to a one-ton cutout of a stork at the Austin Hilton. The bird, white and grey with yellow legs and beak, sports a red hard hat. The 16-year-old property is...

Personal brokers the buyer's ally. (real estate company Buyer #1 can save homebuyers money and aggravation) (company profile)
September 16, 1991... Buyer #1 Personal brokers the buyer's ally If you're thinking about shopping for a new house, why not get a broker you can call your own? Many people buying a home think real estate agents they contact are working for them -- an...

Lumping debts a Bank One winner. (debt consolidation loans)
September 16, 1991... Lumping debts a Bank One winner Bank One's debt consolidation loans are an idea whose time has apparently come. You can't miss the ads for the loans: a Rorschach-like ink blot splattered all over most of an entire page, below which are...

Dell unveils notebooks. (Dell Computer Corp.'s new notebook-sized laptop computers)
September 16, 1991... Dell unveils notebooks Dell Computer Corp. announced two additions to the computer world last week. Dell released the Dell System 320N+, an enhanced version of its 320N laptop computer. The 320N+ offers about 30 percent longer...

Road construction bulldozes profits. (businesses forced out by road construction in Oak Hill)
September 16, 1991... Road construction bulldozes profits The bulldozers are at Kyle Nichols' back door. Literally. You see, Nichols' Roadrunner Lube shop just happens to be directly in the way of the new westbound lanes of W. Highway 290 in Oak Hill and...

Sterling Information Group. (Contracts)
September 16, 1991... Sterling Information Group announced it has been awarded a contract to develop a customer service database application for Fisher Controls International Inc.

Darby's Company Advertising and Public Relations. (Contracts)
September 16, 1991... Darby's Company Advertising and Public Relations has been named agency of record for Karol Wallcoverings & Custom Decorating.

Cox/Croslin and Associates, Inc., Architecture and Planning. (Contracts)
September 16, 1991... Austin Community College Board of Directors has awarded Cox/Croslin and Associates, Inc., Architecture and Planning, the architectural services contract for renovation of the auditorium and addition of offices at the Rio Grande campus. The...

Cirrus Logic, Inc. (Earnings)
September 16, 1991... Cirrus Logic, Inc., announced net revenues for the first quarter of fiscal 1992, ending June 30, were $40.4 million, up from $31 million for the corresponding quarter a year ago and up from the last quarter's revenues of $39.2 million. Net income...

Syscorp International.
September 16, 1991... KENNETH DILL has been promoted to president and chief executive officer of Syscorp International.

Tempers brewing. (federal tax on beer)
September 16, 1991... Tempers brewing One of America's leading economic contributors is being guzzled up by taxes. The American brewing industry contributed $168 billion to the U.S. economy during 1990 and more than 2.7 million jobs, according to a report...

Business to pay thousands in fees. (Austin, Texas City Council approves new and expanded fees)
September 23, 1991... Business to pay thousands in fees Austin businesses can expect to pay hundreds, and in some cases thousands, of additional dollars a year in new and expanded fees approved by the city council this month. For many of those firms, the...

300 new jobs in Austin.... (Apple Computer Inc. to relocate customer support center to Austin, Texas)
September 23, 1991... 300 new jobs in Austin... Apple Computer Inc. ended weeks of speculation when it announced last week that it plans to relocate its Apple USA customer support center to Austin from California's Silicon Valley. The announcement culminates...

... And maybe 3,000 more. (Motorola Inc. considers new manufacturing facilities in Austin, Texas)
September 23, 1991...... and maybe 3,000 more Motorola Inc. is looking at adding new computer-chip manufacturing facilities in Austin over the next several years and has joined the growing list of companies seeking local tax abatements for the project. ...

Credit unions: plucked bucks.
September 23, 1991... Credit unions: Plucked bucks Faced with mounting losses, the National Credit Union Association has imposed a premium on its member credit unions to bolster the industry's deposit insurance. The premium will cost Austin-area credit unions...

PC city. (Computer SuperCenters International Inc. plans to open a store in Austin, Texas)(Business Briefs)
September 23, 1991... PC city Austin will soon say hello to yet another retail computer store. Computer SuperCenters International Inc., a subsidiary of Tandy Corp., announced plans to open a Computer City SuperCenter in Austin before the end of November. ...

Kamstra Communications Inc. (Contracts)
September 23, 1991... Kamstra Communications Inc. Kamstra Communications Inc. has been selected to develop and produce the Renaissance Education Foundation's monthly newsletter and Eagle's Eye Sourcebook.

Cox/Croslin and Associates Inc. Architecture and Planning. (Contracts)
September 23, 1991... Cox/Croslin and Associates Inc. Architecture and Planning Cox/Croslin and Associates Inc. Architecture and Planning, has been selected as the architectural consultants for work on the historic Bar B-C Dude Ranch in Grand Teton National Park in...

Primefax, Inc. (Earnings)
September 23, 1991... Primefax, Inc. Primefax, Inc., announced revenues of $2,477,013 for its fiscal year ended May 31, compared to $1,877,515 for fiscal year 1990. Net earnings per share increased to 10 cents a share, compared to 8 cents in the previous fiscal...

Watershed rules stir growth fight. (amendments to the Comprehensive Watersheds Ordinance raise objections from the business community)
September 30, 1991... Take a natural treasure called Barton Springs. Mix in a pollution-control ordinance that would virtually halt commercial development in the watershed areas that feed the springs. Add throngs of citizens who favor a tough ordinance and a...