The Salt Lake Tribune from Salt Lake City, Utah on November 16, 1993 · 20
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The Salt Lake Tribune from Salt Lake City, Utah · 20

Salt Lake City, Utah
Issue Date:
Tuesday, November 16, 1993
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a b f Salt fakrtTriimnf Business Desk: 237-2055 TUESDAY November 16 1993 B6 sspsmmonm 46375 -164 di 77245 -687 DOW 33 INDUSTRIALS 367752 -699 L tvi ivimn $37520 $210 comncomx 741 OC -0350 MEANWHILE IN UTAH Z3 JBs Reports Fourth-Quarter Loss JBs Restaurants Inc says it has lost $24 million or 49 cents a share for its fiscal fourth quarter In addition the Salt Lake City -based restaurant chain lost $23 million or 48 cents per share for the full year includmg a provision for property dispositions These results compare with a net loss of $17 million or 37 cents per share for the same quarter last year and a net loss of $771000 or 17 cents per share for the prior year Revenues were also down for the fourth quarter Officials attributed that to fewer restaurants open during the periods since many were sold in the fourth quarter of fiscal year 1992 JBs has restaurant operations in nine Western states It operates 97 and franchises 15 JBs family-style restaurants and it operates six franchised HomeTown Buffet restaurants First Security ATMs To Join Star System First Security Corp is expanding 386 automatic-teller machines to be part of the Star System the regions largest electronic-funds transfer network First Security customers will be able to draw funds and conduct other banking business on Star System machines in eight Western states With the addition of First Security the Star System will be on nearly 400 automatic teller machines in Utah Dynatronics Laser Corp Salt Lake City reports that its quarterly sales are down 66 compared with the first quarter of the prior year Net income for the quarter equaled $336802 compared with $10167 a year ago Laser Corp Sait Lake City reports third-quarter revenues of $2799510 compared with $1299671 for the same period a year ago The company experienced a net loss for the quarter of $317289 or 47 cents per share as compared to a net loss of $254288 38 cents per share for the 1992 period Officials of the laser company which primarily manufactures equipment for the medical industry hopes to experience rapid growth in revenues and profits from its medical-products subsidiary ProMed Inc Tel America based in Salt Lake City reports a 103 increase in quarterly sales over the same period a year ago The company also says its revenue for the quarter is up 4 over last years comparable quarter Miller Signs On With Paramount IT Network Bv Harold Schindler THE SALT LAKE TRIBUNE Larry H Miller Utah businessman and sports mogul Monday signed an agreement making his independent television station KJZZ (Ch 14) an affiliate of the newly created Paramount Television Network Paramount Communications Inc three weeks ago announced its intention to launch a fifth television network in January 1995 with Chris-Craft Industries Inc which owns broadcast properties nationwide The deal with Mr Miller was agreed upon in principle during the weekend and finalized Monday when the station owner signed the three-year pact in Hawaii He and executives of his large Intermountain business empire are attending the annual Larry H Miller managers retreat Paramount w ill provide its affiliates the lat est science-fiction series Star Trek: Voyager sequel to Star Trek: Deep Space Nine and its predecessor Star Trek: The Next Generation The deal allows KJZZ to pre-empt network programs for its own productions Utah Jazz basketball Golden Eagles hockey and Utah State University sports broadcasts with the provision that network commercials be made good in other programs during a similar time period According to the agreement in the first year 1995 Paramount will provide two hours of prime-time programming two nights a week Monday through Friday and two hours (noon-2 pm) on Saturdays and Sundays One of those prime-time hours during the week will include the Star Trek: Voyager episode In the second year 1996 the agreement calls for Paramount to provide an additional hour of programming daily during fringe time 3-5 pm Monday through Friday Then in 1997 the contracts third and final year Paramount will provide affiliates a third two-hour night of prime-time viewing At the expiration of the contract Mr Miller has the option of extending the pact or ending it In either case KJZZ will continue to receive Star Trek: Voyager series if the station desires it From January 1998 on Paramount plans to expand its scheduling to five nights a week plus a late night broadcast from 11 pm to midnight Under the terms of the agreement KJZZ must identify itself as a Paramount Television Network affiliate starting in September Paramounts network plan gives it a reliable new outlet for its programs and formalizes a long-standing relationship with Chris-Craft SL Airport Delta Petition Feds To Reverse London-Route Ruling By Tohn Keahey THE SALT LAKE TRIBUNE The Salt Lake Airport Authority and Delta Air Lines calling a Department of Transportation decision earlier this month to deny a Salt Lake City-to-London air route incomprehensible want the federal agency to reverse itself The two protesters on Monday formally petitioned DOT to reverse its Nov 5 order giving direct London routes to American Airlines through Nashville Tenn and Raleigh-Durham NC Delta which operates its third largest of seven domestic hubs out of Salt Lake City International Airport noted that the Intermountain West is the largest US region without competitive nonstop service to London In contrast the region served by Nashville and Raleigh-Durham Whos Calling? Wasatch Front Can Plug Into 'Caller ID Service byMid-94 THE ASSOCIATED PRESS The Public Service Commission has approved US WESTS application to provide Caller ID service along the Wasatch Front by next year The communications company also will offer six other advanced custom-calling services to residential customers and a new call-management system to businesses according to spokesman Duane Cooke Caller ID will provide customers with the ability to read the telephone number from which a call is originating and the name of the person to which the number belongs The base fee will be about $6 a month The PSC however also approved an option that will allow a caller to blank out that information and register as anonymous on the Caller ID device Also being offered for between $1 and $2 per use is a service known as Call Trace which will allow someone to trace an incoming call by pushing a series of numbers after the caller has hung up The plan right now is that these services will be available in many areas along the Wasatch Front about mid-1994 said Cooke The Caller ID-blocking service will be free the first time around If it is canceled and reinstated however it will cost between $8 and $11 Cooke said Customers with nonpublished numbers will have to ask that their lines be blocked a PSC spokeswoman said Additional services being offered include: Continuous redial to automatically redial the previous number even if the line is busy The caller can go on to other things and the service will give notice when the call goes through Last-call return automatically redials number of the last incoming call Most investors know about the phenomenal growth of Novell the local area network software company Many are not aware of other companies that have entered this fast growing industry Some of these companies appear to be well positioned for significant growth If you would like to receive our free research report on one such company please call or send your business card to: Don Giello (800)231-7509 OppcnheimGPSCoJnc 333 Clay Street Houston TX 77002 DGDTAL So Those You Care About Can Reach You Special Introductoiy Offer PerMonthRenial Featuring High Quality Motorola Pagers at CELLULAR?! Service Centers ifiTijrmunti 'tabus Salt Lake Salt Lake Provo Ogden 61 1 So Main St 733 E 3300 S 2275 N University Pkwy 4023 Riverdale Rd 575-I3M 485 9300 377 2355 621 2355 M a n Low lease rates extended on remaining 90 S models Audi 90S per month Great Selection! Save on all remaining 93 Audis including these Quattro models : 100 CS Quattro Wagon Pearl White automatic St Quattro Emerald Green high performance V8 Quattro Pearl White ultra luxury sedan 100 CS Quattro just two Black or Metallic Green 90 CS Quattro choice of Tornado Red or Black 42 mo otrood-ond Imm wtth $1500 ep roduetun FWundabto oocurty dopool ortd frtf poynwd dotwtf OAC hMttutf $11060 $ Dvm Strong Audi for oomploto dotola Will HI up 2522k iSsSaSi - & OM Ms SPvv ) -frws a- SdukLJatanMbMHlia has service through 18 gateways in the Eastern United States Delta called the DOT decision one using tortured logic and inconsistent rationale Salt Lake City the airline said uniquely fulfills DOTS longstanding policy objective to install and new nonstop London route in an underserved region The DOT had said one of the reasons Salt Lake City lost the route was because the populations of Tennessee and North Carolina were greater than Utah Nonsense said Salt Lake Airport Director Louis Miller Airports dont serve states they serve metropolitan service areas and Salt Lake City is the largest in population of the three cities at issue he said Salt Lake Citys metro population in 1990 was 11 million Nashville iVirline Will Close Reservations Center in New York THE ASSOCIATED PRESS ATLANTA Delta Air Lines said Monday it will close its New York reservations center and expand its Boston sales office as part of a plan to save about $28 million a year The Atlanta-based carrier said it will offer the 400 per manent employees at the New York center jobs with one of Deltas 10 remaining reservations offices around the country including Salt Lake City Delta said it plans to add at least 100 workers in Boston by 1995 The Boston center now employs about 500 was slightly less at 1C16 million while Raleigh-Durham was 768500 In addition he said more people flew from Salt Lake City to London through other gateways last year than originated in either of the winning cities: 20690 passengers compared with 17980 out of Raleigh-Durham and 13850 out of Nashville He said the airport authority and Delta want an immediate reversal of the DOTS decision Failing that they want the decision thrown out and a full-blown hear- Compare Us To Your Broker ing process scheduled before an administrative law judge who is independent from the DOT Rodgtr Rme Prrsidrni 4T 200 500 i000 Coumnuam Oton are for itrbal orders and ate not dependent on account u e or ocinm SJI 50 Minimum Sunty 57 VJ Scottsdale Securities Inc 1 39 East South Temple Suite 410 Sail Lake City UT 841 1 1 Member SIPC Call 322-1122 or 1-800-947-1955 Large traders may qualify for our new even lower Supersaver rates Call for a commission schedule Over 35 Offices Nationwide DONT GET LEFT IN TOE COLD! 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