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The Atlanta Constitution from Atlanta, Georgia • D9

Location:
Atlanta, Georgia
Issue Date:
Page:
D9
Extracted Article Text (OCR)

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Long Term Programs Day, Evenings Weekends Instruction Certified Expert Staff Financing Training 888-700-8765 www.ameritrain.com D.C. METRO PHILADELPHIA ATLANTA BALTIMORE DULLES CHARLOTTE RALEIGH BOSTON RBUS1114OD9 KATHY BRISTER EVOLVING TECHNOLOGY Graduate of eHatchery reloads for expansion TradeUps, a tech firm that got its start in much-hyped incubator eHatchery, has been through a year of evolution. First was a new focus. The company changed from a Web site for consumers wanting to trade in used computers to an online marketplace connecting computer manufacturers with firms that refurbish used machines. It got a new address moving from trendy space in Atlanta to an office building in Duluth.

Then it got out from under a load of debt, with its new chief executive officer, Tim Minard, putting up some of his own money to keep creditors at bay. Now TradeUps has snagged enough capital to keep its 14- person operation going for a while, perhaps long enough to apply its business model to other markets. Last week Tra- deUps closed on $5.6 million in venture capital. The lead investor was Cordova Ventures. Noro-Moseley Partners, Imlay Investments, Total Technology Ventures and Atlanta Technology Angels also put money into the reincarnated firm.

Steve Nussrallah, a Noro- Moseley partner, said the venture capital firm offered Minard more than he was asking for an unusual move in the current market. willingness to put his own money into the company was he said. Noro-Moseley still is cleaning up the remains of dot- coms in its portfolio, but Nussrallah said putting money into another Web-centered company make him nervous. is a logistics company that utilizes the Internet quite efficiently. I really consider it an Internet he said.

Tech law firms singed by downturn Area law firms focused on technology have been hit by a double whammy. In early 2000, law firms trying to woo new lawyers from the then-glamorous world of dot-coms increased starting salaries. In Atlanta, new salaries went from around $75,000 to about $100,000 a year. To keep the peace, most firms also increased pay for lawyers already working for them. But even before the new law school grads passed the bar exam, the booming tech business fueled by initial public offerings and venture capital deals had begun to wane.

Now slowed down, even dried said Bob Saudek, managing partner of Morris, Manning Martin, which established its technology practice in the early 1980s and now is one of the most tech- centric firms in the Southeast. left many law firms with a fleet of technology lawyers looking for something else to do. Some have moved into litigation. Some are doing more technology licensing and copyright and patent deals. Morris Manning has trimmed its practice, laying off six lawyers.

was a mix of performance and work slowdown. We just accelerated some departures for people who really working out Saudek said. The firm now has about 170 lawyers. Arnall Golden Gregory ended up with some tech clients that pay their bills, and its IPO business has dropped off significantly, said Bill Kitchens, managing partner of the firm, which has about 130 lawyers. businesses involving software licenses, privacy issues, encryption and electronic commerce contracts have remained stable, he said.

At least one area is growing: bankruptcy. Empagio names chief executive Greg Rable, former chief executive officer of e-billing firm Derivion, has taken the CEO post at Empagio. The Atlanta human resources software firm which this week changed its name from Opus Solutions has been around since 1989. That stability was attractive to Rable, who went through the rise and fall of Derivion, which was acquired by Meta- vante Corp. in May.

Derivion, we were building everything at he said. basically building a strategy on top of a business already successful. a profitable TradeUps draws new capital, seeks to expand Net marketplace model BRIEFS Alcan Cable picks Jacada for Web job Jacada a software provider, Tuesday announced that Alcan Cable, a division of Alcan Aluminum has selected Jacada to re-engineer and help put information about its existing product availability and order inquiry applications on the Web. Customers will use the Internet application to check product availability and inquire about previously placed orders. This seamless communication with the legacy application will enable the customer to bypass the call center completely for routine transactions.

Jacada operates globally with headquarters in Atlanta; Herzliya, Israel; and London. Knology to install gear Glenayre Technologies, a telecom equipment maker, and Knology an interactive broadband provider, announced Tuesday that Knol- ogy will install gear into its existing network. Knology, headquartered in West Point, is a provider of interactive voice, video and data services in the Southeast. Glenayre is based in metro Atlanta. From staff and news service WIRELESS SYSTEMS Most U.S.

carriers use one of three technologies CDMA, TDMA and GSM for cellphones. Callers often cannot use their wireless phones if they roam into an area that is served by a system different from theirs. Cingular Wireless has been mostly using TDMA but is switching to GSM, the most common wireless technology. Carter explained. buy 3,500 minutes or so a month.

hard to use them Men use their wireless phones an average of 372 minutes a month, compared to an average of 275 minutes for women, according to a survey conducted in June for Cingular Wireless. additional freedom of use mentally has created a situation where more and more people find it unusual when someone says they have never had a wireless Carter said. teenagers, becoming a prerequisite. If you to go college campuses, the days of having one phone in the college dorm is dead. What self-respecting student have an up-to-the-minute wireless phone? So I just think penetration is going to move further and further into the population at Wednesday focus on technology and telecommunications in metro Atlanta Atlanta Tech CINGULAR, from D8 Cellphones becoming computers 5 Star 9D 9D RR RR BlueRedYellowBlack BlueRedYellowBlack D9 Wednesday, Nov.

14, 2001 The Atlanta Journal-Constitution programming. Sim said Channel 390 break even, at least not right away. It will bring in revenue from advertising and subscription fees. not sure how much it will cost to keep the channel going. no way to gauge because KTN currently is on the air just six hours a day, she said.

KTN is owned by her family. Sim, who worked for CNN in news production and public relations, is to appear on cable as a news anchor. goal is not to make a profit. Our goal is to link first-generation and second-generation she said. KTN plans to do that through a mix of Korean- and English- language programming, some with subtitles and all geared toward a Korean audience.

Her family will subsidize the channel with revenue from its jewelry- distribution business, just as it put cash into the low- power station, she said. is a big-time goal for us. We have been pestering Broadband for this since it was she said. goal is to pass the test. is taking a risk in doing this, and if we fail at this, never again will there be a Korean language cable station in CABLE, from D1 adding Korean channel.

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About The Atlanta Constitution Archive

Pages Available:
4,102,311
Years Available:
1868-2024