| Show 74 allfakaribnnt FRIDAY I) I) U SIN 27 2004 FEBRUARY E innvsltribcom 0 Utah Business Your Money E2 0 Business Glance E2 IS S I 4: E4 WEST NILE VIRUS BREEDS GADGETS Tradewinds I EZ EAtreprenturs SUIT BLOCKS ORACLE'S TAKEOVER OF PEOPLESOFT Antitrust E2 E7 t 1' YESTERDAY'S a) Indicators - : j uislera to boost SIC Business iI tIARItET Dow Jones NASDAQ miummlionalcopy r4 va Constructors of LDS project likely to spend 1 11 ' 203257 1058014 NYSE f Downtown merchants long have depended on people who work downtown for their livelihood But in recent years those customers' numbers have dwindled making it hard for some restaurants and retailers to survive That Is why merchants view The Church of Jesus Christ of Latter-cla- y Saints' $500 million project to revitalize downtown with great relief The project stands to bring hundreds if not thousands of construction workers each day to downtown Salt Lake City over a r three- - to period "They all have to eat somewhere" said Saifar Nisar who operates Curry In a Hurry restaurant at 210 S Main St Workers involved with the church's project which includes overhauling its two malls and building new offices and residential space also may buy gifts and do other shopping downtown as well as seek after-worentertainment In addition the project may expose workers to an area of town where they S&P 500 ItAk) 11 I I CLOSE: CLOSE: 114491 667766 IRAs Top Performers The Bloomberg 0 Utah Irzdex measures the stock performance of the states major publicly held V CLOSE: 1 30754 five-yea- companies ANALYSIS Street stumbled through a mostly lifeless session Thursday as bargain hunters gave technology stocks a moderate lift but struggling defense contractors kept blue chips under pressure Wall k Aemspace giant to transfer production work to Al Rant sk :A t ij - '111 ti tt t t 40 V t A 1 - Not everyone downtown will benefit of course Construction workers pressed for time may be more likely to frequent a mall food court than take the time to shop at upscale clothier Utah Woolen Mills Still a wide range of businesses could benefit said Andrew Burgess district manager for CECO Concrete Construction in Salt Lake City Consider what happened when the church built the LDS Assembly Hall a project a fraction the size of the church's massive downtown effort he said "We had as many as 70 of our people downtown every day for weeks" Burgess said of his workers many of whom ate at the Crossroads Plaza food court Mike Katsavevas who operates Crown Burger at 118 N 300 West fondly ' re 1- 11 i- ----- i r t: -- - 4 144 5 v d'' ALL v ' -' -- ' L---- -4 ':' : ''''-'- l N - 1--- ' "' mn ' 4 :- ) 45 - IC N ' 'e A '4t 1 ' '''' ' ' S it " - i ' L T -- 11 ' ' 1 4 tii i 1 vt 1 li KK F Nrilte Sok MAY Inbuilt Billionaire list is longest ever "1 1 J - T '' tw474 '' ' Igwirltt11 i ''''" t hamper effort: The communities say they can't get big companies to create the infrastructure yet the companies fight government doing so Bill would BY STEVEN OBERBECK Mt Salt Lake Tribune Utah cities need UTOPIA Several dozen supporters of the Utah Telecommunications Open Infrastructure Agency — UTOPIA — gathered at the Capitol on Thursday morning and offered that message to Gov Olene Walker They asked her to support their plan to link every home and business within 18 communities with a fiber-opti- c high-speeconnection "If we can get UTOPIA we will guarantee eco nomic development for this state for 20 to 25 years in the future" said Cedar City Mayor Gerald Sherratt UTOPIA is an effort by 18 Utah municipalities to fiber-opti- c build one of the largest high-speenetworks in the country To date seven of the d d Prrm NEW YORK — Harry Potter author JK Row ling and the founders of the Google search engine have landed on Forbes magazine's annual list of billionaires after a year when rallying stocks and a strong euro swelled the list to the longest it's ever been Three Utahns made the list: James Sorenson inventor of disposable surgical masks and other medical devices chemical Indus trialist Jon Iluntsman and 17 ': Earl Holding owner of Sin- "' clair Oil Snowbasin Ski Area and the Little America -and Grand America hotels ""1-"' 1''f:"– Microsoft Bill Gates remains perched atop ' : the list for the 10th straight kt ‘'"" but investor Warren year Buffett is nipping at his heels Gates' net worth is now estimated at $466 bil- lion still less than half the James Sorenson $100 billion it peaked at in 1998 but up about 13 percent from the $407 billion Forbes attributed to him in 2003 Utahns on the list Buffett wins the bragJames Sorenson 82 ging rights for reaping the of disposable inventor best gains of the year He Increased his net worth by surgical masks and other $124 billion to $129 billion medical devices ranked significantly narrowing the I22nd with an estimated gap between him and Gates worth of $39 billion with whom he competes in Jon Huntsman 66 bridge tournaments chemical industrialist German supermarket reKarl Albrecht with worth ranked 205th magnate mained in third place with of S25 billion a fortune of $23 billion Earl Holding 77 Close behind were Saudi of Sinclair Oil owner Arabia's Prince Alwaleed Bin Talal Alsaud whose Snowbasin Ski Area and $215 billion nest egg put the Little America and him just ahead of MI- - Grand America hotels crosoft's other ranked 472nd with an Allen who came in timated $12 billion fifth with $21 billion Rounding out the top 10 were Helen Walton wife of the late Wal-Mafounder Sam Walton and four members of her family They were tied for sixth with each worth an :' i '''' -k ' r 1P --- 1 Aloe ftsoo'w li: rr--p- -- 1 ' ' BY MICHAEL P REGAN 71itAxstrial4d s or7 ) 41 SMIllnweennotiftmonm 41 '4 - A '4 tA ':r- t' 4 I 1 w '""-s'-1 - LakfTnbuty Mayors others lobby governor to support UTOPIA network d Big Gates still king: The author of "Hany Potter" and the founders of Google join the ranks of "Forbes" magazine's super-ric- h 't---- - RICK EGAN Clear One Communications said President and Chief Operating Officer Greg Rand resigned "Ibr personal and family reasons" Earlier this week former ClearOne executives Frances Flood and Susie Strohm agreed to pay fines and comply with injunctions to settle allegations by the Securities and Exchange Commission that they inflated revenue to boost stock prices The West Valley maker of audio- - video-- and products said Chief Executive Mike Keough will assume the title of president Keough will handle interim operational duties while ClearOne searches for a vice president of operations — Dow JonesAssociated Press participating cities have pledged their financial backing for the network which they believe will bring untold success and economic-developmeopportunities to the communities involved The proposed network though is threatened by a bill pending before the Legislature Senate Bill 66 which has passed the Senate and on Wednesday was voted out of the House's Public Utilities and Technology Committee now goes to the House floor for debate It would require cities to get voter approval before they pledge sales tax revenue in support of UTOPIA's bonds UTOPIA's supporters contend if municipal elections are held Qwest and Comcast which oppose development of the network will spend millions of dollars to lobby voters against it Utah businessman Ron Gunnell who developed Health Benefit America and recently sold that West business that employs nearly Valley 1500 people said he is appalled by Qwest's and Comcast's lobbying efforts on behalf of SB66 "It's not right" he said noting those companies City-base- See UTOPIA — E7 See FORBES E7 DEADLINE - I ' ' - -- x r4-- cl li Ili 111cdt ir N t e 0 i '" -- -- ri 1 1 - ' '' '"--- ---- A ' - " '- ' ' I i i t ) TT t I '2 J L:1 i zit 7 9--0 F14 Ili til ap 1 IA 1 ' ikm ° tj LI L Lt ii iLUULLc I contribution JE' wwwbestofstateorg t 1 I - - I I it ' !IL ' ili tik I I' I l il 6 February 29 is the deadline for all nominations Enter now at: 40 rfi t killilt — Morning News VA It:111YFT tea: Pr otaMOtt tut tAss etTy OOVIOTOO c71771 FOR ENTREES: bN gum 4 I LL1 liqx - Best of State is looking for Utah's best—the individuals businesses and organizations in over 300 categories who deserve to be recognized for excellence and achievement to our community 6 t t 1 - - r e 44 1 e 4 I ! ' - ''''' t --t '' Bill 10 Propmaster Chuck Johnson left checks part of the set where Kirby Heyborne center and Lorena Mena act in a national Mazda commercial at Bountiful Mazda on Thursday Two spots were filmed and will begin airing March 10 Clear One president resigns r - 1 11 s i 1 ' '- 1 LI IsAAc ' st eill' -- ' Atik44104 The Crown Burger restaurant at 118 N 300 West experienced increased business during construction of the LDS Assembly Hall thanks to builders filling the seats — w v 0 4 ' it - i 11 - lttip i r'4 o i - --- 11 - c 1 ponv 7 qt ' '''' t ' ItNA t 01 r'''' '' I 1 - I A ' ' 'i '4- '' 7 ''‘ I ‘ WaP iic:: '' VP' - !:'41: 1 ' -- 4 1 '1 "Ve44044cr''Z' orI1r!Vq ' 'IL:4 T:c 7' ' 'tr ' i - 1 ''''' 1 " ' oleo o L 1F466 IA--- k - tali -1 - - I ---- r it-- - '111'tay -- -' i '' i-- - '- - -: "1 J'' 41LA :a !1" - R B c) 000 I C1110 tdP E7 --- 11- 1 tt: - - - El NATIONAL MAZDA ADS FILMED IN BOUNTIFUL Northrop Grumman the giant aerospace company plans to move some of its missile propulsion upgrade work for the US Air Force from a Pratt & Whitney facility in northern California to the Alliant Techsystems' plant in West Valley City The move is expected to add about 100 jobs in Utah The decision to move the production work to Utah stems from two ex one in September plosions last year at the Pratt and the other in August & Whitney plant in San Jose Calif "We are rebounding" said John Clay Northrop's ICBM program manager The Northrop work that will be moved to Utah involves replacing aging components and putting new propellant in the second and third stages of the Air Force's fleet of Minute Man In intercontinental ballistic missiles also known as ICBMs Clay said the accidents at the San Jose plant set production back about eight months The company expects to make up much of that lost time with the move to Utah The second and third stage propulsion replacement program for the Minuteman III is just one of 10 ICBM upgrade programs that Northrop is managing for the Air Force Northrop Grumman inherited the projects when it acquired TRW Utah's Thiokol Corp was part of the consortium of companies TRW put together to win that contract ATK was one of TRW's competitors for that contract ATK inherited Thiokol's work on the upgrade project when it acquired Thiokol in 2001 — Tribune Stoll-an-d Wire Reports City-base- I4 AO v t mat" Sec CONSTRUCTION ri t otherwise might not venture said Mark Knold a Utah Department of Workforce Services economist It "is going to till a void that the market itself isn't willing to fill right now" Kno Id said "The timing is BY LESLEY MITCHELL 71ze Salt Lake Trzbune CLOSE: CLOSE io 29 2004 FEB Final Week Ifor Nominations This is the final week to make your nominations for 2004 Visit our website and enter your nominations online before time runs out—don't miss it! ‘Alywhestofstateorg V i |
