| OCR Text |
Show Bu Ssiness WEDNESDAY, Januar. 31, 1996 Che Saltzecenban TAXING TA) PAX Page B-6 Business Ownership STATI] $404.10 -$1.70 30 INDUSTRIALS 5,381.21 +76.23 1051.30 +8.79 $1.1610 -3.00¢ +68 | TRIBUNE BLOOMBERGINDEX FOR UTAH[ PBS Mentions Provo Company Nature’: Sunshine Products. a Provo-based makerof herbal remedi is set to take advantage of America’s aging population, accor ding to Samuel Stewart, a mutual-fund manager and president of the Utah-based Wasatch Advis uart made his remarks during an appear rance on Public Broadcasting Service's “Wall Street Week with Louis RuKeyser” program “It plays right into the aging of America —as peopleget older they get icker, and natural remedies are gaining credence,” Stew d The company’s multilevel marketing arrangement and overseas expansion programalso appear promising to Stewart, who specializes in small-stock investing NewVehicle Sales Up During 3rd Quarter Newcar were up andtrucksales in Utah 5.8% during the third quarter of 1995 compared with the sameperioda year earlier, according to the Utah State Tax Commission A total of 21,660 new cars and trucks weresold in the state dur- BRIEFLY ... quart A total of 11,316 new trucks were sold compared with 10,291 a year earlier for a 10% gain U.S. newtruck sales fell 1.7% in the third quarter Newcarsales in Utah werefar weakerthantruck sales. Unit sales of new cars in Utah posted aflat 1.7% gain. A total of 10,344 new cars were soldin the third quarter of 1995 compared with 10,174 during the same period in 1994 Nationally, new car sales rose 0.6% in the sameperiod Utah Medical Says Revenues, Profits Up Utah Medical Products Inc Midvale, has reported higher rev enues andprofits for its 1995 fiscal year ended Dec. 31 The maker of tnedical products used to monitor patient vital signs in critical-care and labor and delivery areas ofhospitals said 1995 sales reached $42.038,082. a 6% increase above 1994 revenues of 9.644.684 real-estate bro- kerage based in Salt Lake County, reported statewide sales of 5 million for the fourth quarter of 1995, an increase of about § million fourth-quarter 1994 Prowswood Equity Management. a division of The Prowswood Cos. of Holla has acquired a 288-unit apartment complex in San Mateo. Calif., for $17 million. partnership has The launched Medical posting net income of $7,109,360. Earnings per share at 82 cents were more than 20% higher than 1994 results The company also announced that its board ofdirectors recent- ly authorized an additional $3 million to repurchase its own shares. During thepast threecalendaryears, the companyhas re- purchased2.349.109of its shares in the open market whileissuing 291,431 new shares as a result of a $600,000 renovationofthe facility of women-ownedbusinesses Basedon 1992 and 1987 data, the report tabulates individual proprietorships, partnerships and small corporations. Most of Utah's women-owned businesses are one-person ventures. Only 5.325 of 45.626 firms had paid employees. While these Utah companies able. Women-owned businesses hired 38,612 employees and earned $3.6billion in 1992 — or 21.8%of statewidesales I amthrilled but not surprised,” said Linda Galindo, first vicepresident of the Utah chapter of the National Association of WomenBusiness Owners Galindo says increasingly entrepreneurstot a chance. ‘Which is safe she asks Hoping that nothing happens with the downsizing andrightsizing, or following my dreamthat couldactually fill a niche somewhere and makeit pay? You are in arisky position either way, but Owning your ownbusiness could bethe lesserof twoevils Utah womenarestarting upall MedStopInc.. Murray, has signed anexclusivedistributor agreement with Quality Health Care Inc., whichestablishes a distribution partnership _between thetwo ¢ s. Under the agreement, MedStop will be the sole supplier of medical supplies to Quality Health Care's four skilled nursing facilities andits homehealth and hospice agencies Spectrum Lighting Design ofSalt Lake City has expanded its services and nowcaninstall modern lighting in historical buildings without destroying the structures’ integrity kinds of businesses — from auto parts to financial consulting, Galindo says. As more women open upshop, their friends arefinding tions, an independent automo- bile emissions and safety in- spection company, has opened its 11th location at 4100 S State, Salt Lake County ing its patented process for re- fining used motoroil. Therefinery. located in Salt Lake City. will be operated by Genesis Petroleum, a joint venture betweenInterline and Quaker State Resource onions in 1995, according to ThayneRobson, director of the Bureauof Economic and Business Research at the University of Utah, says Utah’s young popula- tion, thriving economyand pro- Pa 31.2 17.6 Ky. 314 18.2 Ala 315 183 But it also reflects a changing social and economic phenomenon, he adds. More womenare completing their education, somewith professional MBAs. Banks are big corporations — from glass ceilings to pay inequity. Women are much more aggressive and willing to take men on head to head competitively,” Robsonsi ‘Tam amazedat the number ofstrong entrepreneurial talents that in earlier periods would not have gotten even a modest amount of support.” Robson says dustries But some genderbarriers still loom The report found: “Womenowned businesses facesignificant obstacles, including limited ac- cess to capital, difficulty in competing for government contracts and lack of information about whereto get assistance.” ByBruce Meyer: on, THE ASSOCIATED PRESS NEW YORK — Stoc! staged a powerful advance again Tuesdayas rising expectations that prod a clear weakening economy pushed the industri Is to a third straight record Dow Jones Broad-market indexes rose dec ively too, with the New York Stock Exchange’s composite index andthe Standard & Poo 0 list climbing from record marks set a day earlier The Dow Jones industrials average rose 76.23 the past seven trading days. Having crackedthe (0 mark for thefirst time on Monday. theindex of blue-chip companiesis now less than 20 points from 5,400. Advancing issues outnumbered decliners by nearly 2 to 1 on the NYSEin heavy volumethat totaled 464.33 million shares as of 4 p.m., up from 2.87 million on Monda The NY = compositerose3.08 to 337.28, and 630.15 The technology-heavy NASDAQ compositein- the S&P 500 rose 5 economically sensitive sector continuedto regain groundlost in Decemberandearly January. At the AmericanStock xchange, the market value will be distributed on Feb. 15 to shareholders whose names are on the company’s stockholder list Feb. 12 The dir oe crease also voted to inurity’s regular lion he Housing Authority of Salt Lake County is looking for contractors to helpit rehabili- tate homes. The project is part of the county's home-repair program, which helps put families, the elderly and thedisabled into existing housing. rants will be payi harehold ers less for their stock than or nally announced onDec. 1 CKEwill be paying $31.6 million for Summit's 5.8 milli u standing shares. When the acqui sition was originally unced the value ofthe deal w ed at approximately $34.5 lion A Bloomberg Busine story in Tuesday's eat Tr listed the transaction’s v , \ mil Associated Press Andeven though Utah women topped the one-third mark, Patricia Seybolt is not holding her breath for a revolution in the state's business climate. “Weare talking about small es,” the U. management s. “It's the big corporations that call the shots. They aretheonesthatinfluencea lot of organizational culture. [Their way] is seen as the way things are supposedtobe done.” The studyalso revealed: @ Nationwide, women head 26% of “C corporations,” those with more than 35 shareholders that are taxed as corporations. Theyearned 9%ofall receipts, or 32 billion @ There are 6.4 million womenowned businessesin the U.S., employing 12.2 million and generat- ing $1.6 trillion in revenues. 550,96 ar more confident than Tuesday morning, two new reports reinforced concerns about sluggishness in consumer spend- terstate Erectors for breaching regulations to prevent falls from buildings underconstruction. The court noted the company’s supervisors were “amply terred ing membersof the Clayburn fam. ily, workedunder otherconstrue. tion companies from the mid 1980s to the early 1990s whentwo workers died and another was in jured in separate falls, according to B-7 The consumer has gotten very gloomy [This EricMiller, chief strategist at Donaldson, Luf- kin & Jenrette Securities in San Francisco, s said the optimism about a rate cut was bolstered by news of General Motors’ strong fourth-quarter earnings, an indication that the economic slowdownhasn't undermined corporateprofits Chemical makers such as Union Carbide and DuPont, components of the Dowindustrial average, were among the day's big gainers as investors warmedtocyclical industriesthat are sensitive to economic swings. UnionC;paps added3 to 4254 and DuPont rose15s to 7 Overseas, To ¢ Nikkei stock average rose 0.6 percent, Fra nkturt s DAXindexfell 0.4 per. cent and London's FT-SE 100 finished almostun. changed $63,000 penalty nowaffirmed by thecourt did not involve afall or death ‘There was noaccident, no in Compaq Leads PC Sales In U.S., World Markets By Evan Ramstad THE ASSOCIA’ ED PRESS the fastest-growing manufacturer — morethan doubling its ship- NEW YORK— Personal com- accord- Dataquest Just under 60 million PCs were shippedin 1 up nearly 25 percent percent from 47.9 million in 1994. Growth in 1994 from 1993 was 23.3 percent ments to just over 1 million units in the UnitedStates. 22.5 million PCs shipped, up 21 percent from 18.6 million in 1994 endreport released Monday also tribution space for HomeDe. pot and GATXLogistics Security Capital is a Denver. based real-estate investment ( said Packard Bell Electronics Inc. passed Apple Computer Inc. S. sales to take second be Compaq. IBM and Gateway followed. But th Dataquest and other market re- manufacturers ship to distributors and retailers. The San Jose. Calif.-based companyreported a Top5 in worldwidesales and Top 10 in the United States Worldwide, IBM jumpedpast Apple for the No. In the UnitedStates, there were Dataquest’s preliminary year ings in Clearfield for use as dis: nothing whatsoever on that Mahlum accused Interstate of failing to adequately protect employees from falling off roof beams25 feet or higher, andfail ing to provide solid decking on the roof beams. Price contended Mahium had a longstanding vendetta against Interstate managers from theearli er accidents under other companies —andthat his inspection was instigated by an union leader un happy with the non-union Interstate contract in Idaho Falls. Nonetheless, the appeals court unanimously sided with govern ment attorneys’ stricter interpre tation of OSHA regulations call ing for “approved fall-protection devices during all times in which the described danger ofheight is involved.” Interstate has not yet decided whetherto appeal thecourt rul ing to the full 10th Circuit bench saidPrice. Interstate, which employs about 30 workers, is incorporated in Utah and ownedby LynnClay burn, said Price. It specializes in erecting steel beams for commer cial and industrial building pro: jects. Interstate has a clean work ing record in several states it works, the lawyer said, and had never been issued a citation be @ See SAFETY, PageB-6 ing to the market research firm Security Capital Industrial Trust has acquired two build three-member appeals Ironically, the OSHAcase that resulted in the infractions and Health Act (OSHA) inspection of economicnews] helps the caseforacut in shortterm interest rates, he said. But Johnson also cautioned that, If they don’t cut rates this week, you'relikely to see a very sharp downdraft in both stocks and bonds. third quarter net loss of 000, compared with a wide the court Interstate’s work on abuilding for the University of Idaho in Idahc Falls in February 1993. Specifi- ing investors think the weaknesswill prompt the terms of the numberof PCs that vices sold world Interstate’s management the fall-protection standards Interstate’s managers. includ. one,” said Interstate lawyer JefferyPrice Instead, the case developed from an Occupational Safety and Fed to cut interest rates today asits policy-makers end a two-d y meeting. Lowerrates would mean cheaper borrowing costs for companies, makingstocks moreattractive “The outlook for the economyinlate ‘96 has just gotten alittle brighter. said Hugh Johnson chiefinvestment officer at First Albany Corp ened its worldwide lead. or 10 cents a of fromrepeating prior violations of jury, ing — which accounts for two-thirds of the nation's total economicactivity Tre. asurybondprices rose on thenews, indicat- search firms measure sales in share. for the same period a year ago. The I oss cameonrevenues of 2.000, compared with $529,000 in revenues in the perioda year ago, Surgical S a variety aware” OSHA regulations. “These same managers of In terstate had been cited by OSHA in the past for failure to maintain adequate fall-protection measures, and fatal accidentsresulted fromsuch violations,” the court stated. “Indeed, previous sane. tions do not appear to have de- cally, OSHA inspector David City reports a 000 loss. that CKE Restau 1 ree US. Census Bureau Consumer confidence drops puter sales grew faster overseas thaninthe UnitedStateslast year and Compaq Computer Corp. wid West Valley Summit Family Restaurants Al figures are from ERE male ported a net income of $1 mil- Surgical Technologies of said Tuesday female year earlier the company re- cash divide! nd by 12.5% CORRECTIONS & CLARIFICATIONS The day’s tone wa By Ted Cilwick ‘THE SALT LAKETRIBUNE A Salt Lake City construction company has had its $63,000 in OSHA penalties affirmed by an appeals court, which cited “re. peatedviolations” of rulesto prevent accidents The 10th U.S. Cireuit Court of Appeals upheld an OSHA admin istrative judge's ruling against In Cx Anticipated Fed Rate Cut Sends Dow Jones Average to New High Monday's, which was muted by uncertainty about howthis week’s releaseof many long-delayed economic figures would impact on a key Federal Reserve meeting oninterest rates. every two they own. Theshares to es, an observation backed by national data showing women own 41% of the companies in thesein- index rose 3.30 to first quarter ended Dec. 31. A women tend openservice andretail business- 17.9% 14.5 U.S. ownership U.S,sales 33.2% 11.2% more receptive to lending women credit. Some women want to work at homeorbuild a business they can meshwith child ca are fed up with obstacles posed by First Security Corp. Declares Stock Split three-for-two stock split that will be givento its shareholders in the form of a 50% stock dividend As a result of the split. shareholders will receive one addition. al share of First Security stock for Bottom 5 business government all contribute to its above-average showing the Utah Agricultural Statisties Service. The production reported aloss of $1.3 million. or 23 cents per share. for its Safety Infractions 30.2 311 in Monday’s report Must Pay Cost Builder $63,000 Miss. Tenn. was 18% above 1994 levels. First Security Corp.'s board of directors has voted to declare a ies may be softer isinesses by women health-careindustry exercises in its option plans GenevaSteel of Vineyard Court Tells Firm It Who owns the snop? which offers diversity and empowerment seminars for the dex rose8.79 to 1,051.30 as most key issues inthat Utah onion growers produced 96.8 million pounds of Page B-8 owns a Healthcare Dynamix, points to closeat 5,381.21, its fifth record closein Interline ResourcesCorp.. Alpine, has completed construction and installation of thefirst full-scale refinery us- WEATHER the nerveto do the same. You find something you do well anddoit.” says Galindo, who the Federal Reserve wouldcut interest rates to Just Emissions & Inspec- Those sales resulted in Utah $8.353.738 for the year, 17.5% higher teen 1994's net income of That puts Utah women slightly above the national average of stressful work environments prod ing July, August and September. Nationally, third-quarter new car and truck sales decreased 0.3% The commission reported that newtruck sales contributed most to thestate sales gainin thethird ByLili Wright THE SALT LAKE TRIBUNE After years of working in the trenches, a growing number of Utah women are breaking out on their own. Womennowown 35% of Utah's businesses. a 5% growth in the past five years, according to a studyreleased this week by the Department of Commerce. maybe small, their impact is siz- Mansell & Associates. an independent from sales. On Rise for Women 139.41 | [ PAGE B-4 in pot. though neither firm grew as fast as the overall market. PackardBell remained the fourth-largest world- wide. followed by NEC Corp which grewthefastest of thefive PC manufacturers and analysts for months have said they sensed international markets had be come moreimportant for growth but there was little hard evidence. largest PC make It is happening chiefly because in U.S. sales than Hewlett-Pack. @ See PC SALES ia B-6 Computerleaders Compaq continued tolead the nation and world in personal-computer sales in 1995, But NEC, Hewlett-Packard and Acer grewthe | test World _Unit sales _Market share Growth 1.Compaq 5.99million i 10 percent percent 2.1BM __478 million _ 8 percent 21 percent 3. Apple 4.66 million 18 percent 4 Packard Bell 3.17million 5 NEC 86 million 6. Others ___38.2 million Total 59. 7‘million| _24,7 percenttotal United States Unit sales Market share a1. Compaq _ ‘million 2. Packard Bell million S 3 ANDE . 16 percent 4. IBM 5. Gateway 2000 6. Dell ~_1.04 million 7. Hewlett-Packard 1.00million 8. Acer 82 million ). Toshiba 10. AST 78 million million 11. Others Total million 22.5 million 13percent 127 percent 80 percent percent 20 percent cent 21 percent total market growth TheAssociated Press A |
