The Commercial Appeal from Memphis, Tennessee • 19

I Ctuysler files for Chapter 11 wfth Yashington as the ic4 WHAT TO DO I C2 LOCAL STOCKS I C3 BUSINESS BRIEFS I C3 THE COMMERCIAL APPEAL I FRIDAY MAY 12009 I COMMERCIALAPPEALCOM EURO L3262 -J00Z7 COFFEE BREAK rvn InSYmi Mgjmtssaw News mixed as earnings rise in hard times SMITH NEPHEW Quarterly revenue by segment Orthopedic reconstruction: $508 million up 4 percent Endoscopy: $179 million flat 0 percent Advanced wound management $178 million up 9 percent financial hit following a -federal investigation In 2007 several medical device companies paid millions to settle alletions that they persuaded surgeons to use their products through Iramtiw iilw kirltharha And complying with federal laws cost the British company $30 million in 2008 Federal monitoring ended in March Smith Nephew shares dosed down less than 2 percent on Thursday at $3505 down 51 cents Wachovia analyst Michael Mat-son says he expects Smith Nephew to continue to lose market share in the next few quarters are deferring to do he said "All orthopedic companies are having similar Lindsay ttdvix 5294445 global economy said David Illingworth chief executive of Smith Nephew Smith Memphis-based orthopedics division which employs 1800 people also saw a revenue drop of nearly 4 percent from $528 milium to $508 million not overly Illingworth said The orthopedics have had a history of outperforming the market said Illingworth Smith Nephew recently took a Minority Council tourney is today Tht Commercial Apptal THE MID-SOUTH Minority Business Council will host the 14th annual Robert Church Sr Celebrity Gdf Tburnament today at the Links at Galloway 3815 Walnut Grove The event will benefit the Robert Church Sr Scholarship Fund awarded to graduating seniors from Memphis City and Shelby County Schools Scholarships are given to students planningto WELL SAID Sjd Ralph Waldo Emerson Tennessee colleges and universities to pursue degrees in business and entrepreneur ship Celebrity participants include Memphian and former NBA star Anfemee HI OTlSRa Hardaway Sean Vanhotse who played for the San Diego Chargers and Adam Walker formerly of the San Francisco 49ers Registration is at 7 am and play begins at 8am For more information contact Natalie Robinson at 525-6512 or visit mmbc-memphisjrrg Kobe taps to top spot Kobe Bryant reclaimed his spot stop the most popular jersey list based on sales at NBASkorecom and at the NBA Store in New York City Bryant a Los Angaes Lakers guard was followed by LeBrou James of the Cleveland Cavaliers I and Chris Pral of the New Orleans Hornets Former Grizzly Pau GasoL now with the Lakers ranked ninth -Former University of Memphis player Derrick Rose a rookie with tiie Chicago Bulls ranked 11th The Lakers also headed the list for most popular team merchandise followed by the Boston Celtics and New York Kniclo Intern decisions out soon The Memphis Bar Association recently finished group interviews of 250 minority high school students who applied to be interns at law firms By the second week of May the association plans to inform at least 75 of them that they got a coveted spot The popularity has skyrocketed since 2007 when just 12 students applied Last year 270 applied and 100 were accepted to work at participating firms This spring more than 450 applied The program is one reason the American Bar Association in August will give its Memphis organization the Partnership Award for its efforts to increase diversity in the profession said Anne Fritz executive director of the local organization Logistics Is mooting topic The third annual Memphis Multimodal Conference May 11-12 at The Peabody anil focus on Logistics the Global The event will be hosted by the Memphis Wbrid Trade Chib and other community partners and sponsors Business governmental and civic leaders will provide domestic and international perspectives on air rail port and trucking logistics sectors Registration information is available online at memphismultimodalconference xom Br Looms Ifaurrn Medical device maker Smith Nephew dted a tough economic climate for its 5 percent drop in revenue for the first quarter of 2009 The London-based revenue fell to $865 million from $911 million the year prior On the bright side earnings rose 11 cents per share from 9 cents businesses are proving resilient but not immune to the weak WKNO signs off on analog tonight Public station going i if By Luos Dowd dnniQcvtftintiTiiifapptfilcfifft For television viewers still re-' lying on analog broadcasts time still remains to prepare for the digital conversion that takes place next month But for fens of WKNO thedeadline The public broadcasting station wul switch off its analog transmitter tonight and begin broadcasting only in digital The change goes into effect at midnight To address questions about the move the station will Operate a phone bank from 7 am to 9 pjn on Saturday and Sunday months offered community education workshops to make sure our viewers know all about the transition and are ready for said Michael LaBonia president and CEO of WKNO making tire switch and we want it to be as easy and uneventful as WKNO becomes the third Station in the local market to make the full transition from analog to digital following CW30 in Memphis and WBUY-TV 4a which is owned by Trinity Broadcasting Network and based in Holly Springs Miss To date about 40 percent of the television broadcasters have completed the conversion to digital In the Memphis market Fox 13 WMC-TV Channel 5 WPTY-TV 24 and WREG-TV Channel 3 will make the switch as sched-' uled in June The transition mandated by PImm jm WKIKXC2 WKNO ANALOG SWITCH-OFF What The station will shut down its analog transmitter aid broadcast solely in digital as mandated by the federal government Why: The digital conversion win free up portions of the broadcast spectrum for public safety communications while other space will be auctioned to companies to help them provide customers with more advanced wireless service Digital also offers better picture sound quality and more channels When: WKNO's analog signal wil be switched off today at midnight Information: To assist viewers the station will operate a phone bank from 7 am to 9 pm on Saturday and Sunday to answer questions Online: wknoorg Dm tandTh CommercW Apped Occupancy at One Commerce Square has been about 50 percent since 200 when mor tenant SunTVust Bank left Its 170D00 square feet for a new space In East Memphis foreclosure SunTrust loss too much for One Commerce Square the property has more than 475000 square feet of office space plus a 23980Oquare-foot parking girage Office occupancy has been running at about 50 percent since 2007 when major tenant SunTrust Bank moved from the 170000 square feet it was renting to a new Boyle Investment Co building in East Memphis takes a longtime to absoib that amount of said Kevin Adams CEO of CB Richard Ellis which leases space to tenants at One Commerce Square have some prospects but smaller and medium tenants and not lead ffrufjwONCCa By Don Wadi A landmark piece of the Memphis skyline is going into foreclosure The One Commerce Square building xt Main and Monroe will go into foreclosure this month andlender Park National Bank will takeover the building's contract from majority owner Southcoast Capital Group Southcoast which is based in Jacksonville Fla bought the building in 1999 for $3)5 miUion under the banner of One Commerce LLC Between the 31-story tower (411850 square feet) and an annex building (63230 square feet) v-- ft gri PVji -xn- 'Sfc -A JWwu.