The Daily Herald from Provo, Utah • 27

Sunday, May 30, 1993 THE HERALD, Provo, Utah, Page C3 Novell to Kmart considers subsidiary spinoffs purchase tion developers require different tools. Serius technology enables applications to be created by corporate business systems developers who are not necessarily trained as professional software programmers. A Novell objective is greater availability of applications that are distributed across computer networks. In addition to simplifying custom application programming Serius technology simplifies the linking of applications to various network services whether directories, security or communications. The portability of applications between different computers is also important to network users.

Today, applications built with Serius technology are portable between Apple Macintosh and Microsoft Windows operating system environments. "Serius is an important part of Novell's effort to help applications become independent of underlying operating systems and tial spinoffs in which Kmart would remain the majority owner of the subsidiaries, but it has no deadline or timetable. Antonini said Kmart's $3.5 billion store renewal program is yielding 35 percent increases in profits and 6 percent gains in sales at renovated stores. By year-end, 57 percent of the 2,400 U.S. Kmart stores will be in the new format and 200 stores are scheduled to be "renewed" in 1993.

Kmart plans sell of 14 Pace stores ENGLEWOOD, Colo. (AP) -Kmart whose profits have been hurt by problems with its PACE Membership Warehouse stores, said it is selling 14 of the outlets to Wal-Mart Stores Inc. Wal-Mart will convert the stores, which are located in five cities, to its Sam's Club format, it was announced Friday. In the past year, PACE'S profits have fallen amid intense competition from other warehouse stores, including Sam's Club and Price Club. By CECILIA DECK Knight-Ridder Newspapers TROY, Mich.

Kmart Corp. could increase its market value by nearly 20 percent by partially spinning off its subsidiaries, Chairman Joseph Antonini said Tuesday. Speaking with reporters after Kmart's annual meeting, Antonini said the Troy-based retailer is looking at spinoffs as a way to enhance shareholder value. He said Kmart's seven subsidiaries are worth about $4.5 billion, but "we don't think we're getting all the value. We think by spinning it off, we'll create the other $2 billion in value," he said.

Kmart which includes Kmart discount stores and the subsidiaries, has a market value of about $10.77 billion, based on Tuesday's stock price of $23.25. The subsidiaries are PACE Membership Warehouse, Builders Square, PayLess Drug Stores, Waldenbooks, the Sports Authority, OfficeMax and Borders. Analysts say Sports Authority is the most likely candidate for a partial spinoff, but poor first-quarter results will slow the process. Antonini said Kmart is studying par expands marketing, sales PROVO (BW) Novell, the computer networking company, has reached a definitive agreement to acquire Serius Corporation through a $17.25 million purchase of the 89 percent of Serius shares not already owned by Novell. The acquistition is expected to be completed before Novell's third fiscal quarter ends in July.

Serius has developed a library of objects, or software building blocks, for non-programmers to create custom applications by simply connecting various objects on a point-and-click basis. This modular approach to programming allows users to quickly assemble applications by selecting various icons that engage object-oriented modules of computer code. When linked, these modules, or prefabricated building blocks of code, run as complete custom applications that go beyond the limitations of generic, or horizontal, applications like spreadsheets. Different classes of applica WordPerfect ATLANTA WordPerfect Corp. has expanded its marketing and sales division and appointed three vice presidents.

The company named Rod Brooks to head up the channel sales and marketing department, Mark Calkins to oversee the corporate and strategic marketing department and Don Emery to guide the market solutions and electronic publishing department. "Each of these vice presidents brings years of industry experience in areas where we are growing our business, "said Ad Rietveld, senior vice president of sales and marketing, and member of the company's executive committee. "We welcome their insight and talent to WordPerfect Corporation. 1 4 9 American Stores to buy bankrupt drug outlets FmtfA program aims for service SALT LAKE CITY Lee Hawlces, state director for the Farmers Home Administration, said the agency is stepping-up its efforts to inform potential farm loan applicants who are members of a socially disadvantaged group, of the availability of targeted loan funds and priority given in the sale of Government inventory farmland, to enable them to become owners and operators. The Agricultural Credit Act of 1987 directs Farmers Home Administration to set aside loan funds for Socially disadvantaged applicants.

The agency is anxious to utilize these resources in helping applicants who have been subject to racial or ethnic prejudice or cultural bias. TCI gets honor for customer service PROVO For the second year in a row, TCI Cablevision of Utah, Inc. in Provo has received the National Cable Television Association, NCTA, Seal of Good Customer Service. The certificate reflects that TCI has achieved and maintained during the last year the NCTA Recommended Standards of Good Customer Service. The requirements to receive the NCTA's Seal ranges from answering telephones within a specific time period to responding to cable disruptions within a recommended time period.

"We try very hard to maintain these standards not for our recognition, but for our customers," said Paul Venturella, general manager for TCI in Provo. "With some of the standards we try to go beyond what is recommended NCTA standards recommend that cable systems respond to service interruptions no later than 24 hours. TCI Cablevision of Utah in Provo serves Provo, Salem; Spanish Fork, and Pay son. Access telephone net earnings rise SALT LAKE CITY In the first three months of 1993, Access Long Distance reported net earnings of $1,150,7 11 on sales of an increase in earnings of more than 70 percent over the same three-month period last year when the company reported net earnings of $673,290 on sales of $5,136,206. An analysis of growth in sales for the same periods reveals an increase in sales of more than 31 percent.

Access president arid chief executive officer James Greenbaum, projects 1993 revenues of approximately $35 million. lAccess Long Distance, which employs nearly 150 people at its Salt Lake City headquarters, currently provides long distance telephone service to approximately 25,000 customers. Just over one-half of those customers are business customers, who generate nearly 90 percent of Access SALT LAKE CITY (AP) -Am rican Stores Co. of Salt Lake City announced Thursday that it will buy the inventories, prescription files and fixtures of 1 10 Reliable Drug stores in the Midwest. Reliable Drug Stores which filed for bankruptcy protection in December, is liquidating its holdings instead of reorganizing.

American Store's drug store subsidiary, which operates Osco, will also take over the leases on 5 1 of the 1 10 locations. That will help Brooks' new responsibilites include direct sales, channel sales and orders processing. Before joining WordPerfect he worked as senior vice president of marketing and sales at Egghead Software, Issaquah, where he was responsible for marketing, merchandising and distribution strategy for retail, corporate, government and mail order sales divisions. He earned a B.A. in communications with an emphasis in advertising from Washington State University in 1975.

Calkins' new responsibilities include corporate marketing, strategic marketing, business applications, workgroup applications and consumer products. He was formerly employed by Novell, Provo, Utah, where he served in various Heating Get Bryant Pius sui ana Small business center now on UVCC campus Serius greatly simplify and accelerate their development and deployment across computer networks," said John Edwards, Novell executive vice president Desktop Systems Group. "The Serius building-block approach is reinvigorating custom development efforts. It has the potential of providing an entirely new way for computer users to easily access valued vertical software solutions through modular libraries of code." Joseph P. Firmage, founder and chief executive officer of Serius added, "Software development has remained an art of craftsmen writing code line-byline.

What we are doing is taking it into the industrial age so that the best of software art can be rapidly applied as specific solutions in today's competitive information economy. Libraries of modular software objects free computer users and software vendors from the limitations of generic applications. capacities including vice president of marketing network products, ice president of corporate marketing and vice president of sales marketing. He graduated from Brigh-am Young University with a B.S. incommuricalions in 1978.

Emery responsibilities include solutions and electronic publishing. Former chief executive officer of Reference Software, Emery relocated to Orem, when the company was acquired by WordPerfect Corp. in December 1992. He received a B.A. in history and political science from Birmingham-Southern College in 1965, an MBA from the University of Alabama in international business administration in 1969 and an M.A.

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The Reliable Drug chain has about 180 outlets, and 44 are to be acquired by Rite Aid said Steve Ancel, Reliable's bankruptcy attorney. The remaining assets will be sold to undisclosed buyers, Ancel said. The 1 10 stores American Stores is to acquire are in Illinois, Indiana, Iowa, Kansas and Missouri. The deal, which must be approved by the Bankruptcy Court, is expected to close in July. small businesses throughout northern Utah.

Finnerty has a bachelor's degree in finance from the University of Utah and a master's in business administration from the University of Phoenix. Finnerty is anxious to serve the people in the community who have the spirit of entrepreneurship. "One of the keys to success for the SBDC is the partnerships we establish with community organizations and local business professionals. The community organizations and business professionals with whom I have met are committed to the success of small businesses throughout the area." Finnerty said. FREEBIES Come into Any Location Receive a Free Gift! With System Pur chase through June 5th 386DX40 4 Meg Kam Both Floppies 128K Cache 85 Meg H.D.

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