The Business Review (Albany, NY) articles from October 2001

The Business Review (Albany, NY) archives from October 2001

Cattini says MapInfo digs in.(MapInfo Corp. CEO Mark Cattini seeks to beat economic downturn)(Brief Article)
October 29, 2001... Mark Cattini was in Penn Station with plans to head to the financial district when his cell phone rang. That's how the CEO of MapInfo Corp. learned about the Sept. 11 terrorist attacks on the World Trade Center. He immediately...

Businesses showcase Ballston Spa's charm.(rebuilding of downtown commercial district)(Brief Article)
October 29, 2001... Walk around the village of Ballston Spa this holiday season and you'll see the fruits of local revitalization efforts. Business and community groups are planning decorations with an old-fashioned feel, and a surprise or two. Things are...

Lenders turn to SBA programs to mitigate risks.(Brief Article)(Statistical Data Included)
October 29, 2001... Griffith Parry needed $1.5 million to finance his purchase of Dunham's Bay Lodge in Lake George. Paul Berg wanted just $25,000 for his Venezia Pizza and Pasta in Clifton Park. Parry's Dunham Bay Corp. went to the New York Business...

Stimulus bill offers businesses incentives to buy new equipment.(Brief Article)
October 29, 2001... The House version of the economic stimulus package includes tax incentives for small businesses to invest in new equipment at a time when capital spending plans are at their lowest level since the recession of the early 1980s. Only 25...

Owner of telecom company remembers four-month 'sabbatical from real world'.(John Corrigan)(Brief Article)
October 29, 2001... John Corrigan was hired to be an account executive in Albany for Vitts Networks, an Internet service provider out of New Hampshire that planned to expand into upstate New York. The company had grown to include service in Maine,...

CDTC approves plans for Route 5 changes.(Capital District Transportation Committee)(Brief Article)
October 29, 2001... A three-year study of how to make Route 5 more attractive and easier to navigate has received final approval from the planning agency that initiated it. The unanimous vote on Oct. 18 by the Capital District Transportation Committee sets...

Omni Development's downtown Albany hotel project back on track.(Brief Article)
October 29, 2001... More than two years after announcing plans for a new 143-room downtown hotel, an Albany developer is moving forward with the project. The planned $16 million Hampton Inn & Suites was delayed because the developer, Omni Development Co.,...

Fraida Varah real estate brokerage moves shop to 1414 Western Ave.(Fraida Varah Real Estate Group)(Brief Article)
October 29, 2001... Fraida Varah and Anthony Garufi, who started their own residential real estate brokerage last year, have moved the business out of Varah's home to an office at 1414 Western Ave. in Albany. The 1,715-square-foot building, located near the...

M&T Bank, Pyramid Cos. sign deal on placement of ATM machines.(automatic-teller machines to be place in Pyramid Cos.' New York malls)(Brief Article)
October 29, 2001... M&T Bank has struck a deal with Pyramid Cos. to put automated teller machines in several of the Syracuse company's shopping malls, including Crossgates Mall in Guilderland and Aviation Mall in Queensbury. The Buffalo-based bank, which...

Transcriptionist school owners 'relieved' to be open for business.(Andrews & Holbrook Training Corp. starts medical transcription school)(Brief Article)
October 29, 2001... Robin Andrews said she and her business partner, Kathleen Holbrook, are "simply relieved" that their Latham medical transcription training company is open after waiting more than a year for the state to approve their license. In June, 13...

CORRECTIONS & AMPLIFICATIONS.(Correction Notice)
October 29, 2001... TrustCo Bank Corp NY In the Oct. 22-29 issue, a listing in the Marketplace section showed Trustco Bank Corp NY (Nasdaq: TRST) stock dropped 12 percent between Oct. 9 and Oct. 16. The difference in price was due to the company's 15...

WMHT months away from work on digital facility.(WMHT Educational Telecommunications)(Brief Article)
October 29, 2001... WMHT Educational Telecommunications Inc. has scheduled a groundbreaking ceremony for its new home in the Rensselaer Technology Park, but that does not mean construction is set to begin. The public broadcaster--which operates WMHT/Channel...

Trade association sponsors Albany energy exposition.
October 29, 2001... Solar hot water and air systems, fuel cells, wind turbines, new light fixtures and ground heat pumps are among the products to be shown at a two-day exposition in Albany in November. Every business in New York should have an interest in...

Hard-pressed arsenal developers take aim at private companies.(Watervliet Arsenal seeks commercial tenants and development)(Brief Article)
October 29, 2001... Describing efforts to transform the U.S. Army-owned Watervliet Arsenal into a 145-acre commercial and military industrial center as "painfully slow," the project's leader said he hopes several tenants, more government support and a new...

Uncertain times may boost ticket sales for sporting events.(Brief Article)
October 29, 2001... When the Adirondack IceHawks skated on to the ice for their home opener Oct. 19, instead of wearing their usual red, black and white jerseys, the team was decked out in red, white and blue. At the end of the game, the team auctioned the...

SBA to take research outside Beltway.(Thomas M. Sullivan to head Office of Advocacy)(Brief Article)
October 29, 2001... Thomas M. Sullivan, President Bush's choice to head the SBA's Office of Advocacy, said promoting the office's research "outside the Beltway" will be one of his top priorities. "Advocacy's quality work belongs in the hand of every...

Regulatory burden 50% higher for small business.(per employee costs)(Brief Article)(Statistical Data Included)
October 29, 2001... Federal regulations cost small businesses nearly $7,000 per employee last year, compared with compliance costs of $4,320 for medium-sized companies and $4,460 for big businesses, according to a new study released by the Small Business...

Nonprofit veterans group eyes former Sch'dy International site.(Brief Article)
October 29, 2001... After months of preparing to donate its 150,000-square-foot building in downtown Schenectady chemical manufacturer Schenectady International Inc. appears to have a taker. Uncle Sam's House Inc., a nonprofit veteran's services...

Expansion of disaster loans applauded.(small businesses disaster loans from federal government)(Brief Article)
October 29, 2001... Small businesses that can demonstrate they were hurt by the Sept. 11 terrorist attacks on America have until Jan. 21, 2002, to apply for Small Business Administration disaster loans that can cover up to $1.5 million in operating expenses. ...

Banks between rock and hard place on money-laundering bill.(Brief Article)
October 29, 2001... Terrorists did more than topple Americans safe sense of security. They altered the business of doing business. In banking, the. events of Sept. 11 have created a contradictory problem of enormous pro portions. Before the attacks, an...

SGI says turnaround is on track.(Silicon Graphics Inc.'s net losses)(Brief Article)
October 29, 2001... Silicon Graphics Inc. says it had a net loss of $69 million, or 36 cents per share, on revenues of $379 million in its just-completed quarter. The Mountain View, Calif., maker of high-end computer workstations, often used for Hollywood...

Avanex says sales plunged.(optical gear maker Avanex Corp.)(Brief Article)
October 29, 2001... Optical gear maker Avanex Corp. saw its quarterly revenues plunge more than 60 percent and losses come in wider than expected for its first fiscal quarter ended Sept. 30. The Fremont, Calif.-based firm reported revenues of $7.2 million...

Computer game developer co-authors book on debugging new Web platform.(Brief Article)
October 29, 2001... Brian Peek runs a company that makes computer games. He also is a programmer at another company Now, the 24-year-old can add author to his list of credentials. Peek, who is a programmer at Rapid Application Developers Inc. in Troy,...

New breed of venture fund born.(Optln Ventures, venture capital fund)(Brief Article)
October 29, 2001... There's a new venture capital fund in town. Optln Ventures LP hopes to raise $50 million to $100 million for a new breed of fund and begin investing within 60 to 90 days. Richard Gary a founding partner of Austin, Texas-based OptIn, said...

PowerAdz.com and AdOne to merge into new entity.(Brief Article)
October 29, 2001... PowerAdz.com will merge with AdOne LLC, a New York City company. The new entity doesn't have a name yet, but most of the workers will be located in PowerAdz's location in the Rensselaer Technology Park. PowerAdz publishes online...

110 foundry workers to be laid off in S. Glens Falls next year.(Brief Article)
October 29, 2001... Citing dropping demand for its products, an Indiana company plans to close its bronze foundry and machine shop in South Glens Falls next year. About 60 of the 170 workers at the plant operated by Nibco Inc. will remain on at the site,...

Attacks boost local interest in Quran.(New York state bookstores)(Brief Article)
October 29, 2001... Following Sept. 11, some area booksellers are reporting increased sales of the Quran, Islam's primary holy book, and other books on such things as Islam, terrorism, the Taliban and germ warfare. "People have been buying books on...

Discount grocer Save-A-Lot headed to area.(new stores in Holland)(Brief Article)
October 29, 2001... Discount grocery stole chain Save-A-Lot, has signed leases for its first Capital Region stores in Rotterdam and Amsterdam. The company plans to open six to eight stores in the area over the next 18 months as part of an aggressive growth...

Pellegrino named sector president by Intermagnetics.(Philip Pellegrino)(Brief Article)
October 29, 2001... Intermagnetics General Corp. has named the next sector president in the Latham company's plan to create president-level positions over each of its three business segments. Philip Pellegrino is to be sector president over Energy Technology...

Telecom Act still hasn't connected.(Telecom Act of 1996 evaluation)(Brief Article)
October 29, 2001... Five years ago, the telecommunications industry appeared set to enter a period of renaissance. The Telecom Act of 1996 had just passed, promising increased competition, better service and lower prices for businesses and consumers. ...

Southwest wins a flying fan.(employees offer to work part of their week without pay)(Brief Article)
October 29, 2001... The item was buried in the business section. The only reason it caught my eye was because it was accompanied by a photo of an airplane in mid-flight. Beneath the photo was a two-sentence caption: "Southwest Airlines employees have...

AREA'S LARGEST INSURANCE COMPANIES.(New York state)(Statistical Data Included)
October 29, 2001... AREA'S LARGEST INSURANCE COMPANIES (Ranked by 2000 Premiums) Name Address Telephone (Fax) Rank (Year Founded) Premiums/ Last E-mail Address Percent ...

SBA helps firms hurt by 9/11 attacks.(Brief Article)
October 29, 2001... The local offices of the U.S. Small Business Administration and the affiliated Small Business Development Center at the state University at Albany have switched into high gear to aid companies hurt either physically or economically by the...

THE BAR ASSOCIATION'S NEW PUBLIC FACE.(New director, Patricia Bucklin, seeks to maintain association's balance between professional and public advocacy)
October 29, 2001... New director seeks to maintain association's balance between professional and public advocacy When Patricia Bucklin took over as executive director of the New York State Bar Association in June, she quickly decided that upgrading the...

Conduct code now sets terms for lawyer/non-lawyer relationships.(New York will be the first state in the union to officially govern a lawyer's professional relationships with non-lawyers)
October 29, 2001... On Nov. 1, New York becomes the first state in the union to officially govern a lawyer's professional relationships with non-lawyers. By a joint order of the Appellate Divisions of the Supreme Court, the Appellate Court passed amendments to...

Pro bono adds up to considerable number of donated hours, dollars.(Brief Article)(Statistical Data Included)
October 29, 2001... Time is money for any attorney and Michelle Haskin is no exception. However, she and hundreds of other Capital Region lawyers regularly donate a substantial chunk of their billable hours to doing pro bono work. "I spend about 175 to 200...

Public law is a rewarding career.(Albany Law School's Government Law Center will offer a new program)(Brief Article)
October 29, 2001... A new program that will begin in January offers lawyers in transition from government service to private-sector employment or retirement the opportunity to spend a year with Albany Law School's Government Law Center. Through the Government...

Profession examines proposals on cross-border legal representation.
October 29, 2001... Your company has a contract with a Massachusetts supplier. Lately the supplier has been late in shipping products to you, and it is affecting your ability to fulfill your obligations to your own customers. The contract is governed by...

Matrimonial lawyer creates software program to help fellow practitioners.(Timothy Tippins president of MatLaw Systems Corp.)(Brief Article)
October 29, 2001... You don't have to talk to attorney Timothy Tippins for long before you deduce that he doesn't get much sleep. In addition to operating a law practice with offices in Troy and New York City, Tippins is president of MatLaw Systems Corp., a...

Craft an equitable divorce settlement.(Brief Article)
October 29, 2001... A divorce is widely recognized to be one of the most stressful experiences in life. The emotional costs are often compounded by harsh economic realities unforeseen during the division of marital property. While some couples today have...

U.S. Supreme Court agrees to review Festo, a landmark patent ruling.(Brief Article)
October 29, 2001... The U.S. Supreme Court will soon hear arguments on a case that will have broad implications for those seeking to protect their intellectual property. The court's review of Festo vs. Shoketsu Kinzoka Kogyo Kabushiki will have an impact on the...

Logo-motion.(Autotask choses a logo)(Brief Article)
October 29, 2001... You know Nike's swoosh. Then there's Target's bull's eye. And of course there's McDonald's golden arches. Coming up with a logo is not as easy as it may seem. Just ask Scott Opiela, Autotask's director of marketing and...

Product marketers always need to be aware of customer resposnses.(Brief Article)
October 29, 2001... I'm fascinated by tiny design flaws that make a product maddeningly difficult to use. Take plastic trash bags. Here's the sequence of events: 1. You pull the bag from the box. 2. You pull the bag out. 3. You look at one end...

In our guts, we know we must change the way we deal with health care.(Brief Article)
October 29, 2001... In a too brief moment, we saw much of what is great in modern medicine, but the painful truth is that after the horrors of Sept. 11, there was not much need for emergency care. There was not much call for hospital and physician services....

Each of us has potential to be great.(Brief Article)
October 29, 2001... In the most difficult times--and these certainly are tough times, to say the least--it's very hard to focus on opportunities. But candidly, that's why so few companies really succeed and become great, and why most companies muddle along--or...

Institutional Investor offers advice on evaluating a stock's liquidity risk.(Brief Article)
October 29, 2001... Getting stuck with a stock that can't be sold is every investor's nightmare. So it's very surprising that so few investors consider a stock's liquidity--how quickly its shares can be sold--before buying. Liquidity is affected by several...

MARKETPLACE.(Brief Article)
October 29, 2001... MARKETPLACE GAINERS, LOSERS Fleet Boston Financial Corp. Close $34.75 Up 5.78% Plug Power Inc. Close $ 8.03 Down 10.98% MARKET INDICES Dow Jones Industrail Avg. Close 9377.03 Up 0.31% Nasdaq...

TAKING STOCK.(Intermagnetics General Corp.)(Brief Article)(Statistical Data Included)
October 29, 2001... A weekly report compiled from the proxy statement and annual report of a publicly held company based in the Capital Region or of major interest to Capital Region investors. Intermagnetics General Corp. (Nasdaq:IMGC) Intermagnetics...

PEOPLE ON THE MOVE.
October 29, 2001... ACCOUNTING The certified public accounting firm Curtis Murphy & Jeffreys LLP in Queensbury promoted Mary Pat Rabin from tax manager to senior tax manager, Tracy Larmon Ross from bookkeeper to assistant business manager and Andrea...

AWARDS & ACHIEVEMENTS.(Brief Article)
October 29, 2001... Empire Blue Cross and Blue Shield has received the Best of Show Award in the category of health plan services for its Website, www.empireblue.com, from Business Insurance magazine. The site, launched in October 2000, gives Empire members...

M&T Bancorp Inc.(3rd-quarter earnings report)(Brief Article)
October 29, 2001... M&T Bancorp Inc. (NYSE: MTB) reported net income of $97.87 million, or 98 cents a diluted share, for the third quarter. This compares to $74.41 million, or 94 cents a diluted share, in the year-ago quarter. For the nine months, M&T had net...

CNB Bancorp Inc.(3rd-quarter earnings)(Brief Article)
October 29, 2001... CNB Bancorp Inc. (OTC: CNBI) of Gloversville reported earnings of $1.034 million, or 45 cents a diluted share, for the third quarter, up from $944,000, or 39 cents a diluted share, a year earlier. For the nine months, the parent of City...

FleetBoston Financial Corp.(quarterly earnings report)(Brief Article)
October 29, 2001... FleetBoston Financial Corp. (NYSE:FBF) reported a net income of $766 million, or 70 cents diluted share, on revenue of S3.47 billion, for the three months ended Sept. 30. This compares to $969 million, or 87 cents a diluted share, on revenue...

KeyCorp.(quarterly earnings report)(Brief Article)
October 29, 2001... KeyCorp (NYSE:KEY), the Cleveland-based parent of KeyBank, N.A. reported net income of $249 million, or 58 cents a diluted share, on revenue of $1.18 billion, for the period ended Sept. 30. This compares to $121 million, or 28 cents a diluted...

INTEREST RATES.(on loans, current as of October 23, 2001)(Illustration)(Statistical Data Included)
October 29, 2001... INTEREST RATES LOANS (Current as of 10/23/O1; some rates change daily) New Car Loans (over $6,000)...

Leukemia and Lymphoma Society.(raises $155,000)(Brief Article)
October 29, 2001... The upstate New York and Vermont chapters of the Leukemia and Lymphoma Society raised $155,000 at the recent "Light the Night Walk" at the State Office Campus in Albany. Sponsors included WXXA/Fox 23, Time Warner Cable, Pfizer, Trustco Bank,...

WEWB-TV/WB 45.(Brief Article)
October 29, 2001... WEWB-TV/WB 45 created a 30-second public service announcement and a five-minute video in support of community outreach for the CAPTAIN Youth Shelter Home in Clifton Park. The PSA is being shown on WB 45. The video is being distributed to...

Ellis Hospital.(donates automated external defibrillator to YMCA branch)(Brief Article)
October 29, 2001... Ellis Hospital in Schenectady has donated an automated external defibrillator to the YMCA's branch at 13 State St., also in Schenectady. The gift is part of the Heart Safe Community project sponsored by Medtronic Inc. The self-guided device,...

MORTGAGE RATES-POINTS.(30-year fixed, 15-year fixed, 1-year ARM)(Brief Article)(Illustration)(Statistical Data Included)
October 29, 2001... MORTGAGE RATES-POINTS 30-year 15-year 1-year fixed fixed ARM Abetter Mortgage 6.750-0 6.250-0 5.750-0 Absolute...

Chains own the block.(Cranberry Bog restaurant shuts down on Wolf Road)(Brief Article)
October 22, 2001... Independent restaurants on Wolf Road are squeezed out After 24 years in business, the Cranberry Bog restaurant closed Oct. 10. A new restaurant most likely will take the Cranberry Bog's Wolf Road location, but given the changing landscape...

Managers try to save state's last brick works.(Powell and Minnock Brick Works Inc.)(Brief Article)
October 22, 2001... Ninety years ago brick manufacturing plants lined the Hudson River south of Albany. They thrived on clay deposits along the river, access to barge transportation, and proximity to booming construction markets, especially in New York City. ...

FA Technology says patience pays in first venture deal.(FA Technology Ventures)
October 22, 2001... A year ago, FA Technology Ventures began looking for high-tech companies to invest in. The unit of First Albany Cos. Inc. was the first private partner in the $250 million New York State Venture Capital Investment Program established by...

In wake of 9/11, travel-related businesses ask Congress for help.(Brief Article)
October 22, 2001... After 30 years as a travel agent, Bonnie Adams may soon go out of business. "I have at best three weeks left," said Adams, owner of the Lewiston Travel Bureau, a Maine-based travel agency that typically does $3 million in business a...

RPI looking for entrepreneurial director to overhaul school's academic curriculum.(Rensselaer Polytechnic Institute)(Brief Article)
October 22, 2001... Rensselaer Polytechnic Institute in Troy, already ranked as one of the nation's top 20 schools for teaching students about entrepreneurship, is setting its sights on the top of the list. The nation's oldest technical college has created a...

Building owners go it alone post-Matzen.(developers take on general contractor role after Matzen Construction Inc. failure)(Brief Article)
October 22, 2001... Building owners left stranded with half-built structures after the collapse of one of the Capital Region's largest general contractors have taken over work themselves in order to finish before winter. Rather than look for a new general...

Blackman & DeStefano Web site will offer panoramic views of houses.(Blackman and DeStefano Real Estate Inc.)(Brief Article)
October 22, 2001... If a picture is worth a thousand words, what is a 360-degree view worth? Visitors to the Blackman & DeStefano Real Estate Inc. Web site will soon be able to take virtual tours of houses for sale. With a few clicks of a computer mouse, a...

Glens Falls, Queensbury reach accord on sewer capacity, sales tax revenue.(Brief Article)(Statistical Data Included)
October 22, 2001... The city of Glens Falls and the town of Queensbury have agreed on an economic development compact that includes sharing sewer capacity, increasing sales tax revenue to the city, and allowing Glens Falls to annex a piece of Queensbury to build...

Airport projects move forward despite airline industry crisis.(Brief Article)(Statistical Data Included)
October 22, 2001... The turmoil in the airline industry over the last month has not imperiled any expansion plans that were underway at Albany International Airport before Sept 11, airport officials said. "We have not put any federally funded project on...

Some small airports running smoothly.(in rural upstate New York)(Brief Article)
October 22, 2001... Despite inconveniences seen nationally in airline service due to the Sept 11 terrorist attacks, some small rural upstate New York airports are running without much disruption. The Chautauqua County Airport in Jamestown, Chautauqua County,...

GM of Albany Arenafootball2 team sets out to develop fan base.(Robert Thompson)(Brief Article)
October 22, 2001... Robert Thompson, general manager of the as yet unnamed Albany Arenafootball2, or af2, team, is expecting a long tenure in the Capital Region. Confident that the team will succeed, Thompson is looking to develop fans not only among the sport's...

Strong Halloween sales buoy hopes of some retailers.(Brief Article)(Statistical Data Included)
October 22, 2001... Despite the real-life scares of terrorism and war, Halloween sales are strong in the Capital Region, encouraging some retailers' hopes for the upcoming holiday selling season. Business is up 17 percent at The Costumer, the...

Ambanc chairman may get chance to buy real estate loans.(Lawrence Seidman)(Brief Article)
October 22, 2001... When Lawrence Seidman became chairman of Ambanc Holding Co. Inc., he brought a piece of the Amsterdam company home to New Jersey--and he may get to keep it. Seidman, a Parsippany attorney and investment manager, pushed his way onto the...

Bipartisanship cast aside in House on airline security, stimulus measures.(airport security)(Brief Article)(Statistical Data Included)
October 22, 2001... The post-Sept. 11 era of bipartisanship on Capitol Hill ended after only a month, at least on the House side. The tone changed after House Republicans refused to consider a Senate-passed bill that would make airport baggage screeners...

Number of uninsured Americans expected to rise.(according to report from National Academy of Sciences' Institute of Medicine)(Brief Article)
October 22, 2001... A new report from the National Academy of Sciences' Institute of Medicine concludes that the number of Americans without health insurance will increase because of rising premiums, a weakening economy and a growing population. Last year...

Export NY participants are not deterred by terrorist attacks.(Temper Corp. executive, Peter Karpinski, develops export strategy)(Brief Article)
October 22, 2001... As executives from 10 Capital Region companies prepared to graduate Oct. 18 from a course to help their companies begin or expand export programs, they had a better understanding of international business. Export NY, which is run by the...

New law allows two or more localities to form joint BIDs.(business improvement districts)(Brief Article)
October 22, 2001... A commercial strip, like the street it sits on, does not always fall neatly into one municipality. New York state has passed a law allowing two or more municipalities to create joint business improvement districts. It builds on an...

OSHA delays recordkeeping rules for ergonomics injuries by one year.(US Occupational Safety and Health Administration)(Brief Article)
October 22, 2001... Despite objections from the AFL-CIO, the Occupational Safety and Health Administration has delayed by one year the effective date of recordkeeping requirements related to musculoskeletal disorders. As a result, employers will not have to...

NBT Bancorp moves step closer to CNB Financial acquisition.(Brief Article)
October 22, 2001... It looks like an early November wedding for CNB Financial Corp. and NBT Bancorp Inc. "As it stands now, we expect to have a simultaneous closing [of the deal] and conversion of operating systems on or about Nov. 9," said Donald Brass,...

Bush expands disaster loans but blocks broader bill.(Small Business Administration to expand disaster loan program)(Brief Article)
October 22, 2001... The Small Business Administration plans to expand its disaster loan program to cover all small businesses impacted by the Sept. 11 terrorist attacks on America, regardless of where they are located. The regulatory change will enable...

Newest Handsprings to emphasize communications.(Handspring launches new line of compact communicators)(Brief Article)
October 22, 2001... Handspring Inc. introduced a new family of compact communicators combining a mobile phone, wireless e-mail, messaging and Web browsing along with a Palm OS organizer. It is a major shift for the Mountain View, Calif.; company which has...

Massachusetts drug discovery firm gets $12 million infusion.(Protedyne)(Brief Article)
October 22, 2001... Protedyne, a company developing. automated genome-based technology for drug discovery, has closed $12 million in a second round of venture financing. The investment comes slightly more than a week after the company secured $850,000 in...

PSINet Canada's asset-sale yields beleaguered firm $77M.(Brief Article)
October 22, 2001... PSINet, currently in the midst of reorganization under Chapter 11, has sold off substantially all of its PSINet Canada assets to Telus for $77 million. The Ashburn, Va.-based Internet infrastructure company has been shedding its holdings...

X-Ray Optical is changing mindsets.(X-Ray Optical Systems Inc. makes various business moves)(Brief Article)
October 22, 2001... The announcements started coming in June. First, X-Ray Optical Systems Inc. of Albany said it met with the president of Taiwan to explore business opportunities in that country. In September, XOS said it had developed an optical...

Seattle is 3rd in high-tech survey.(Brief Article)
October 22, 2001... Seattle is among the U.S. metropolitan regions best positioned to succeed in the information age, according to a study released by the Progressive Policy Institute and Case Western Reserve University's Center for Regional Economic Issues. ...