Albuquerque Journal from Albuquerque, New Mexico • Page 36

1 D6 ALBUQUERQUE JOURNAL Sunday, June 21, 1987 Business digest The Foundation at Lovelace Circle Reports Sales of $2.28 Billion PHOENIX Circle Corp. reported net earnings for the fiscal year ending April 30 of $49.4 million, or 85 cents a share fully diluted. In fiscal 1986, earnings were $39.2 million, or 74 cents a share fully' diluted. Sales for the year just completed were $2.28 billion compared with $2.11 billion in fiscal 1986. Over two hundred people have participated in carefully monitored studies of new high blood pressure medicines.

These and other volunteers have helped medical research, learned more about their health and lowered the cost of their medical care. For the three months ended April 30, the company's fourth fiscal quarter, Circle earned $10.7 million, or 19 cents a share fully diluted on sales of $597.4 million. In the same quarter last year, the company reported net earnings of $8.87 million, or 17 cents a share fully diluted on sales of $523.99 million. CLINICAL TRIALS SECTION, 262-7415. Lovelace Medical Foundaii lalion Energy Optics Logs 3rd Quarter Of Profitably Energy Optics Inc.

has been profitable for a third consecutive quarter, according to the Las Cruces company's recent fourth quarter report. For the quarter ended April 30, net income totaled $8,439, or 0.3 cents a share, compared with a loss of $103,114, or 4 cents a share, for the third quarter in 1986. Revenues for the period were $265,771, compared with $146,532 for the same quarter in 1986. Profits came despite a writedown of almost $11,000 in old inventory, plus the costs of restarting manufacturing for the TOTALFLOW IR Option deliveries. For the nine months, the company posted net income of $24,161, or 0.9 cents a share, on revenues of $620,614.

This compares with a loss of $367,653, or 14 cents a share, on revenues of $266,934 for the nine-month period in 1986. "Revenues from research and development contributed to the majority of the total, but revenues from manufacturing are starting to make a significant impact," wrote president Edward N. Laughlin in the report. Four research and development awards are progressing well, Laughlin said, and he expects to deliver hardware to customers by the end of August. And Energy Optics has been selected for a Phase 2 Small Business Innovation Research award from the Department of Commerce for a hail monitoring device.

Energy Optics manufactures remote meter reading equipment for the electric utility and oil and gas industries. NATIONAL PHYSICAL THERAPY WEEK JUNE 21-27 ffT Karl Eller, chairman of the board, said: "It was not an easy year; a lot of things were working against us, However, the company continued to grow despite a still-staggering oil patch economy, an increasingly competitive marketplace and short-term adverse effects from the new tax code. "Our pretax earnings for the year were up 35 percent to $94.29 million from $69.60 million last year. Although we'll benefit from the tax code from now on, the effective income tax rate for fiscal 1987 rose to 48 percent, an increase of 4 percentage points from last year's rate due to the loss of investment tax credits," he said. Air Pollution Association Elects Officers The New Mexico Chapter of the Rocky Mountain States Section Air Pollution Control Association has elected its first set of officers.

They are Bruce Nicholson of the State Air Quality Bureau, chairman; Bernard Zak of Sandia National Laboratories, vice chairman; Carol Wilson Hodges of the Albuquerque Environmental Health Department, secretary, and Toby Hanes of the U.S. Forest Service, treasurer. Members-at-large are William Hargraves and Ed Payton, both of the State Air Quality Bureau, and William Clark, a retired chemical engineer. Land Management Firm Names Directors PHOENIX New Mexico and Arizona Land Co. has announced the election of four members to its board of directors.

Elected to two-year terms were Christopher T. Bayley of Seattle, James S. Crown of Chicago, Richard E. Did you know that physical therapists treat: Headaches TMJ (Jaw) Problems Developmental Delay Circulation Disorders Foot Problems Coordination Problems Arthritis Parkonsonisrn Neck Injuries Chronic Pain Frozen Shoulder Bursitis Disc Problems 1ST Leonard of Albuquerque, N.M., and Robert Menk of Phoenix. Menk also serves as the board chairman and the company presi- LilKaKi I Hfl ym I Paid for by the New Mexico Chapter of the American Physical Therapy Association dent and chief executive officer.

All earlier had served two-year terms, except Leonard, who was appointed to the board earlier this mmmmm mm mmmmmmmmwmm year. New Mexico and Arizona Land Co. is a land and minerals investment and management company, conducting business in its namesake states. Business Awareness Week Begins Today LAS CRUCES Business Awareness Week, a program designed to teach young people about business management and the free enterprise system, begins today at New Mexico State University. Some 150 high school students from throughout the state will participate in the activities, which are sponsored by the Association of Commerce and Industry of New Mexico and the New Mexico Foundation for Free Enterprise Education in cooperation with NMSU's College of Business Administration and Economics.

Southwest Launches Frequent-Flier Plan DALLAS Southwest Airlines officials has announced a frequent-flier program that it says fills a void for the short-haul business traveler. "Southwest Airlines was built on short-haul flights, meeting the needs of business travelers," said Herbert D. Kelleher, Southwest's chairman and president. "We believe other airlines have failed to southwest reward tnis important segment of tne market, rVTn basing their frequent-flier programs on total A mileage flown." Beginning Monday, the club will reward frequent Southwest customers on the basis of total trips flown, regardless of the distance, Kelleher said. Ten round trips or 20 one-way trips will qualify for the first free round trip anywhere Southwest Airlines flies, he said.

Membership applications are available at all Southwest ticket counters and boarding gates and from travel agencies. Founded in 1971, Southwest now serves 27 markets. Gillette Faces Pressure on Revlon Bid "May I take your packages for you, Mrs. Luft?" THE ASSOCIATED PRESS Discover why people are choosing The Montebello on Academy for their retirement community. For more information and a no-obligation tour, please call us at 294-9944.

Why not today? I 1 Vfr mrsra infArrmfinn return tYa rmirwri Joseph Kozloff of Painewebber Group Inc. Values for Gillette have been estimated at $45 to $50 per share by Wall Street analysts. Arbitragers and analysts said it is also possible the company is the target of another bidder, with speculation focusing on potential corporate suitors such as cash-rich Unilver PLC, the Anglo-Dutch conglomerate that recently sold its Stauffer chemical business in the United States for $1.7 billion, and Proctor and Gamble the Cincinnati, Ohio-based consumer goods company. Adding to the takeover speculation was news that corporate raider Irwin Jacobs, who last year made an aborted attempt to buy Borg-Warner owns a stake in Gillette. Although Jacobs said his position amounted to less than 5 percent of the 114.7 million outstanding Gillette shares, the Minneapolis-based raider has a reputation as a fierce and tenacious takeover artist.

NEW YORK Gillette the toiletries firm that last week rejected Revlon Group second offer in eight months, faces growing shareholder pressure if it does not reconsider Revlon's bid or another suitor does not emerge, analysts say. After climbing 5 to 40U in the preceding two days, Gillette's stock price slid to 39s on Friday. Volume remained heavy, with over 3.6 million shares changing hands. Securities analysts attributed the drop in the stock price to Gillette's rebuff Thursday of Revlon's $40.50 a share or $4.64 billion offer to purchase the Boston-based firm, the largest producer of shaving products in the world. "No matter what they do, they (Gillette) will still be viewed as a target.

The values are well known. The stock is selling at a discount to them Management has not won huge support from Wall Street or its shareholder base," said analyst Wl UlViV till VI UlUlllil, lllUlll Wll Vl'U'll or call (505) 294-9944. Mail to: The Montebello on Academy 10500 Academy Boulevard, N.E. Albuquerque, New Mexico 871 1 1 Name When Edith Luft comes home from a shopping trip, she knows someone will be ready to carry her packages to her apartment. Because Mrs.

Luft lives at The Montebello on Academy, a full-service rental retirement community. At The Montebello, the emphasis is on personalized service. The kind you would expect to find in your favorite hotel. That's why there's someone to help you with packages after a day of shopping, to hang your pictures when you move in, and to bring you dinner if you don't feel well. Little things that make your life more comfortable.

We call it The Montebello lifestyle. And it's designed for active people who approach life with style and energy. Address. City Post Card Symbolizes Trade Problem THE ASSOCIATED PRESS Zip Single 8J 06219? Widowed Married JVlorMo irw. ture of Marines raising the flag over Mount Suribachi in the 1945 battle that marked a bloody defeat for Japan.

More than 6,000 Americans and 20,000 Japanese died in the struggle for the tiny island. Kasten noted that Senate shops also sell Japanese-made cards showing the Capitol, the White House and various national monuments. But he said the Iwo Jima card represented the final irony. "Somehow, this all doesn't make sense," he said. "Do we see 'Remember the Alamo' cards printed in Mexico?" L.

WASHINGTON A post card showing a photo of the Iwo Jima Memorial and sold at a Senate gift shop represents the ultimate symbol of America's trade problems, a senator says. The card was printed in Japan. "Talk about discouraging," Sen. Robert Kasten, said in a statement. "We thought we knew which side won that battle but now we know who's really winning" The Iwo Jima Memorial in Arlington, across the Potomac River from Washington, is a giant sculp 1 FORUM GROUP, INC "mtricat fttnlal Hthrtmnl f.Mmiiiiiy RANCHO BERNARDO.

CA GREENVILLE, DE NEWARK, DE WILMINGTON, DE (4) CORAL SPRINGS, FL INDIANAPOLIS. IN LEXINGTON, KY EASTON.MD ALBUQUERQUE. NM TARBORO. NC PHILADELPHIA, PA MYRTLE BEACH, SC ELPASP.TX FORT WORTH. TX.