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Show [oe Rteoname= MARKET Indicators JUNE 30, 2004 MIBUSINESS GLANCE, B-7 Zions Executive Resigns Microsoft Gibbonssays he must quitjob to defend against criminal charges Feels Frée BY STEVEN OBERBECK ‘THE SALT LAKE-TRIBUNE Dale M. Gibbons declared his innocence on drug abuse and child endangerment charges in a statement issued late Thursday that also an- charges stem from a 911 call Gibon June 11 that resulted in his 15-year-old daughter and 19-year-old girlfriend being taken to the hospital in having consumed too companyfeels vindicated nounced his resignation as Zions Bancorporation’s chief financial officer. The 41-year-old former banker said he could noteffectively perform his duties with criminal pending. And he added “as an innocent man,” he must focus on the court proceedings ahead. “T regret reaching this decision at this time; but I feel strongly that I mustput mypersonal considerations rest. He posted $150,000 bail and was released from jail BY ALLISON LINN Monday. Dale Gibbons and those ofmyfamily first,” he said. Officers arrested Gibbons June21 afterthey allegedly foundnearly an ounce of inaraidon his east Salt Lake County home. Prosecutors charged him with a felony countofdrug possession. Gibbons also is charged with felony counts of child endangerment and dealing in material i harmful toa Gibbons’ igtiny eset! nr ehinttrpepl andes an awkward time for Zions. The bank holding company on July 19 isdue to report its earnings for the first half of this year. ‘AS CFO ofthe largest Utah-based bank, Gibbons was responsible for gathering and reporting financial information about the publicly held company, which has more than $21 billion in assets. “It is a busy time of year for us,” said Zions spokesman Rob Brough, whonevertheless indicated the companyis well-positioned with its decentralized structure tinue to operate while it searches for a new CFO. Zions has named veteran executive .W. David See GIBBONS,Page B-5 MAKEUP MARVEL Microsoft's appeals court win in its antitrust fight with the goverment. To Bundle With breakup threat gone, ‘THE ASSOCIATED PRESS - _ SEATTLE — With the threatofan integrate products,” spokesman Jim Cullinan said Friday of the federal appeals court's~antiCullinan said the company would be Th ’s opinion “to determine what it means and : a ever steps we need to take,” but felt confident that Windows XP would ship as planned Oct. 25. other Utah’s Talk2 Technology Lays Off 30 Employees inv 200 199 } d sto! she the har ner ( ant 1 Ties but oth Mi une trol fire The companyexpects to announce deals with major carriers before the end of the year. ATK to Cut 85 Jobs The early retirement was offered to exempt and nonexempt employees at all Thiokol operations, including three facilities in Utah — its main Promontory operation west of Brigham City, as well as operations at Clearfield’s Freeport Center and Business Depot Ogden. Early retirementalso was offered to employees at ATK Aerospace Propulsion, which operates in West Valley City,but officials could not say how many employees had accepted because the offer is still open. Delta Retiring 10 Jets Delta Air Lines plans to remove 10 aw air Leesonsaid the cuts were made in customer support, administrative id saben srs ceasing artes othe company. No software engineers or developers were laid off, he said. tt” fic car dis nority stake in Talk2. Thiokol was purchased by Alliant in May. err saf ere aft pla the fail Talk2 Technology Inc., has laid off 30 employees, or about27 percentof its work force, saying it needs to conserve cash until demandforits software products improves. “We don’t have for-sale sign up. Weare taking prudent measures necessary to safeguard the company so we can continue to develop our technology and provide valuefor our investors,” Omar Leeson, president and chiefexecutive measaid Friday. Salt Lake City-based Talk? is a privately held companythatis develsoftware that enables telecommunications carriers to offer services such as voice-accessible Ke and voice-activated dialing thror telephones. Talk2, founded in 1998, has attracted $52 million in venture-capital investments, including a $43 million round that was completed in October. Hewlett-Packard Co. owns a mi- ATK Thiokol Propulsion will cut 85 jobs from its work force through early retirementto reduce overlap with another division of its new parent company,Alliant Tech Systems Inc., Knight Ridder/Tribune Business News re “One of their divisions does work similar to what we doin the solidrocket propulsion industry,”said EiBrooks,vice president of human resources at Thiokol. “Andthis is a poasiye way of taking advantage of sy > MI CONSUMER CORNER, B-5 . STOCKS, B-6 48 FES BEQOVESSs £6Fes +} PageB4 = Me BUSINESS == «&w5 heKaltLakeTribune Utahn Finds Success, Self-Esteem at Mary Kay BY JOANN JACOBSEN-WELLS McGillis is thefirst Utahn to be- ‘THE SALT LAKE TRIBUNE comea In the 1980s, Julianne ClaysonMcGillis never wore makeup. She didn’t like it. Besides, there was no need for her to mess with eye shadow, mascara orlipstick because she rarely wentoutof the house. “I was a frustrated domestic goddess on Prozac — horribly shy and insecure,” said the Sandy resident. “If it wasn't my mother, my husband orbest girlfriend, I didn’t answer the telephone,and I didn't wantto go out and get rejected, because | already had rejected myself enough every single day. So, | continued to stay home and drive everybody nuts.” Now the impeccably groomed blonde is driving around town in a white XJ Series Vanden Plas Jaguar — compliments of Mary Kay, godmother of American cosmetics, who ey oom teen movers tor the multibillion dollar, international cosmetic company. As such, she leads morethan35 directors and well over 2,000 consultants in her unit, which in 1998 was one of only 28 of 1999,shejodihaetet te eet gious Million Dollar circle, which See an abe, Her unit is the first two-time Million Dollar unitin the state. casions she stood up the from whom she agreed to buy skincare products. Once she discovered she and Martha KayRaile had gone to high school earned $33,021. She now averages makeup accepted formation about becoming involved in the company. But it was her former husband with Mary Kay. mation, signed her up and for six “Julianne’s enduring resolve and months told everyone he knew that efforts serve a8 an ou his wife was a Mary Kay consultant model for women "said three (grandmother of one) into company hierarchy. “Backtrack to 1987, when McGillis — title she was less than about it. He did give her an escape See MARY KAY,Page B-5 Mutual Funds Make a Camchack in 2nd Quarter, Despite Moribund Economy BY AMY BALDWIN THE ASSOCIATED PRESS NEW YORK —~ Despite the overall or poorly the is Science and which include high-te:h funds, had a return of 10.6 percent, a turnaround disastrous . They capitalizations of under $200 million, claimed the lead. : Small-capitalization which include companies that: increase their earnings rather had a return of 14.0 percent. Small-cap core funds,which Cn ee ee On ey te mw eo dm Ot Or nnn wm ay nas oe ity ee uh ‘The best-performing fund category was gold, a safe hedge in a beprish Hf g invest in companies that offeryarnand also those thatpay had a return of 122 |
