Show BUSINESS Business Editor: 625-424- 4 www standard net Standard-Examine- Dow r Wednesday December 19 2001 (( Standard-Examine- staff r OGDEN - After seven years of trying to relieve povway erty the the city is switching gears to focus on luring business into the inner city ’ In 1994 the city became one of 52 urban Enterprise Zone communities nationwide because of poverty crime and blight in the inner city The federal program is designed to funnel $295 million into the city over a period and give it preference for additional federal grants The city has used those funds to match local organizations’ money for programs ranging from resource fairs to youth programs But with 2 12 years remaining a review suggests Ogden would be better off to end its Enterprise Zone des10-ye- ar after-scho- ol that range from historic building credits to equipment investments Thurber said “It’s like a shopping list of tax credits” she said “We’re already getting calls from applied” HUD will announce its selection of the 40 communities this month A comprehensive look at Ogden’s efforts as an Enterprise Zone found overall the city had done a good job in leveraging community partnerships program management -- Stan environment high t rates and affordable housing income in the target area did not imdrop-ou- their last day effectively was today" The company has strugday recently with falling gled One week before Christstor- sales among its three leading mas the computer-datlines its age company announced the product line ofincluding Zip drives cut which accounts for about flagship ROY - Iomega Corp laid off 80 more employees Tues- a percent of Iomega’s North American work force The reduction includes jobs in Roy Toronto and Nacogdoches and disks In July along with a loss of nearly $36 million Iomega announced second- -quarter major corporate restructuring That restructuring inChris Iomega spokesman Romoser said the affected cluded moving the company’s employees will be paid headquarters from Roy to through the end of the calen- San Diego and a company-dar year and receive addi- layoff of 1234 employees about 450 in Roy tional separation packages In October the company “Their last day was today loss and they’ll be paid until the reported a end of the calendar year” Ro of $712 million Texas d is Igloo’s third-quart- By GARY HINDS staff Standard-Examin- North logan - He it was fast He it was scary He knew because his company built it Yet North Logan-base- d Power Inc CEO Stan Checketts didn’t mind flying to Japan to be the first to ride the world’s fastest roller coaster the Dodonpa at Fujikyu Highland in Fujiyoshida Japan about 56 miles west of Tokyo S&S “They called and said ‘Nobody here will ride it If you get on a plane come over here and ride it th'en we’ll know it’s OK’ ” Checketts said “So I went over and was the first man ever to hit more than 100 mph on a coaster I have always stood on top of my towers I’ve always been the first one to ride all of my rides” Checketts made the trip to Japan last month Monday the Guinness Book of Records reportedly verified the coaster is the per-shar- I d 625-424- 5 1 - White wheat 330 (steady) barley 430 (steady) 14 percent spring 333 (steady) ordinary winter 2 98 (steady) OGDEN - White wheat 3 55 (steady) barley 4 55 (steady) 14 percent spring 322 (up 1) 11 percent winter 316 (steady) PORTLAND - White wheat 3 68 (steady) barley 0 94 (steady) 14 percent spring 4 13 (up 1) 1 1 percent winter 374-- 3 80 (down 1 to steady) CALDWELL can reach reporter You Gary Hinds at —I Ml l'l II Mil- - For Tuesday POCATELLO air-driv- With about 60 employees nearly two years on the project but testing of the systems and designs necessary to reach such or ghindsstandardnet I - White wheat cwt 4 95 (down 2) barley 450 (steady) - Standard-Examine- r staff and wire services I Voctorrlau NYSE 96-ce- per-sha- re S&S has designed and built over 100 bungee-styl- e tower rides like the Rocket at Lagoon and the Big Shot at the Stratosphere in Las Vegas S&S spent HSI StocksjiLLocal Interest BOISE Idaho - Micron Technology finished the first quarter of fiscal 2002 with a $266 million net loss equal to 44 cents per share The loss was partially attributed to reduced semiconductor prices which fell 24 percent from last quarter and 88 percent from the same time last year In the fourth quarter fiscal 2001 Micron had a loss The greater loss came after a positive first quarter when sales were more than $1 5 billion e and value increased 59 cents split-secon- $11 million losses begin to mount “There’s no way you can really appreciate that unless you’ve actually rode it or stood beside it” he said “We throw all this power all this air to it almost instantly yet d it’s really in intervals It’s hard to even fathom - hard to even believe “I only wanted to do 101 They forced me to do 170 (kph) which is 107 (mph) We’ve actually shot it at 114 mph and ridden it at 110 We designed built and constructed it to do 120” The amusement park reportedly spent about $24 million on the project although Checketts said actual production costs for the ride itself were closer to blow-molde- d Micron fastest on Earth speeds began more than a year earlier The fastest roller coaster S&S had previously built The ride was shipped to topped out at about 80 mph Japan in 157 oversea and Checketts wanted to containers each about the build one more before trying size of a semi trailer to break the vaunted 100 According to Checketts mph barrier the ride was designed to Yet the Japanese break three roller coaster amusement park wanted the records - fastest longest ride to not only top 100 mph straight stretch and quickest but exceed 170 kilometers acceleration It easily per hour or about 107 mph accomplishes all three he said Checketts accepted the and challenge says the The ride is powered by a coaster will go faster than series of that bursts of air which Checketts said “My big goal my drive can push the ride to 1 10 mph my passion was to go over in 16 seconds 100 (mph)” he said computer-controlle- - Lifetime polyethylene banquet tables similar to a product Lifetime invented in 1 995 and began marketing in 1998 the company said Cache firm builds fastest coaster moser said “Then there will be separation packages but 10 CLEARFIELD Products a local manufacturer of folding tables filed a lawsuit charging Igloo Products Corp with patent copyright and trade dress infringement Lifetime is asking for monetary damages and an order for Igloo to cease the alleged infringement practices The product in question ITSUO INOUYE More Iomega layoffs Standard Examiner staff Checketts Associated Press ‘Dodonpa’ breaks 100 mph barrier at Japanese park Standard Examiner Utah Company sues Igloo “Dodonpa” roller coaster at the Fujiyu Highland in Fujiyoshida west of Tokyo claimed to be the fastest in the world during its trial run on Monday the seven state Western reThe study also suggested gion” she said “Enterprise the city tap into statewide communities get preference” nonprofits and experts from The designation would put elsewhere in Utah By GARY HINDS Source Utah State lax Cornnusstofl People ride the newly-installe- crime time-consumi- 2001 2000 Finance Insurance and Real Estate from 1st otr sales decreased 1 2 1 2000 to 1st qtr 2001 JJ tiative had done a “C-- ” job in expanding economic opportunity for Ogden’s poorest resi" dents Despite improvements in half-billio- Weber County sales in millions CEO of S&S Power Inc and sustainable community development The report by Klass Strategies Inc looked at the city’s first five years as an enterprise community However it found the ini- ignation and focus on becoming one of the Department of prove Housing and Urban Develop“Thus the same general ment’s 40 new Renewal Comcharacterization of ‘pervasive munities for the EC area The new designation poverty’ would appear to be as accuwould qualify the city to ap- rate now as it was in 1995” n doply for up to a the report said llars in tax credits for busiThe report recommended nesses that locate in hire from and invest in targeted the city should pull away anneighborhoods said Karen from the Thurber the city’s Enterprise nual grant process and focus on mobilizing resources to Zone coordinator “We’re the only Utah appli- create a sustainable revitalcant and the only applicant in ization program Finance Insurance and Real Estate I businesses asking us if we’ve school SOLD Nobody here will ride it If you get on a plane come over here and ride it then we’ll know it’s OK So went over and was the first man ever to hit more than 100 mph on a coaster businesses in Ogden’s target area in line for tax incentives By CHERYL BUCHTA ' 0642 at 999839 1731 at 200476 856 at 114292 S&P m tasmoss tax credits designation 1 Nasdaq Ogden bullish City to seek ! Flau Here is a look at the PE ratio and protected ratio tor several blue chip stocks Shown are name PE jected PE last price daily net change and change NASDAQ in PE pront price kin Yesterday JjuMaiLketjnReview I Mil SABERS i mm NYMX s New York MercanWe Exchange CBOT Board ot Trade CME Cftcago Mcicanwe Exchange New York Board of Trade i Listings of mutual funds HESS UJALLY LB0S NY8T By Scott Adams YOU HAVE FAILED TO ACHIEVE ANY OF YOUR WRITTEN OBJECTIVES f Cbeago can be found in the Sunday Standard Examiner Dilbert UB2S WV Ago BUT BY PURE CHANCE YOU ACHIEVED ALL OF KY HIDDEN OBJECTIVES HERE'S ANOTHER PROJECT I NEED SMOTHERED WITH DEFECTIVENESS I I |