Birmingham Post-Herald from Birmingham, Alabama • 37

Birmingham Post-Herald i 6 Stocks F2-3 Classified F7 July 23 1996 3 Tuesday Update Name 3 is of the Games Precision Standard Inc in Denver Precision management was unavailable for comment late yesterday afternoon In May Precision Standard reported first quarter losses of $2 million on $265 million in sales The workers said that Pemco which refurbishes aircraft primarily for military clients planned to cut in half the number of job classifies-' tions The result they feared would be that fewer workers would be Thea Drew Pnct-Hercid Pemco workers inform a paseing ear of their etrike Strikers said that there were no scabs and that the only people going to work management and security workers Strikers try to stop job losses By Jed Graham Fat-HanU Reporter Pemco approximately 950 United Auto and Aerospace Workers went on strike at midnight Sunday after voting to turn down a contract offer they believe would lead to the loss of hundreds of jobs About 20 workers braved the heat yesterday and under the watch of three Birmingham police cars picketed outside entrance adjacent to Birmingham International Abaft Calls to Birmingham-based Pemco were referred to its parent company brought in out-of-state workers to cross picket lines according to union officials The 17-week strike in 1989 upped all his savings said Fulford who wu in the Air rave for 22 years before ping into the private sector always saving for the next one he said But Fulford whom children have finished college already want concerned fer himself as his co-workers in better shape than he said overcomes that they accepted an 11-cent hourly wage hike in 1992 only because the company had said it wu experiencing financial difficulties Ronnie Myrex 47 a sheet metal worker said many as 200 union employees could lose their Jobs under contract terms propoud by Pemco "He give us a guarantee that thou people be laid off Myrex said referring tor chairman Matthew Gold During the 1989 strike Pemco 'r 'i I V' V' Stocks of Alabama companies gained 68 value during the first six months of 1 996 They range ftom a 77 gain for BioCryst to a 37 ton for MedPartners COMPANY BioCnlat Just Rf Put Mlltope SCI Svetome American Buildings RubvTbesdav L59ML LQW- HsalthSouth Southern Enertiy Hoimea Kinder Cars I a iXUb 1 JNE38' PRICE? i CHANGE1 sends stock soaring i f' 1 i ft' By Patrick RupiasU second half pwt-Hwaid Reporter 4V4iVTiere' already are some trouble BioCryst was born in a business to-- signs for some of the leaders cubator and devlopefof Rut deaj curea for troublesome ailments the i The stocks of Mil-Birmingham stock lan- tope and SCI Systems guished when it wot public in 1994 'i and Adtran which ranked third This year that changed through fifth respectively all took Promising tests results of some of serious hits as investors moved away urugs ha ve sent its stock from high-tech investments soaring since January Up until June 20 however Miltope So much so that BioCryst the was up 42 percent SCI Systems was up 21 percent and Adtran wu sleeper the host of com- panies that went public in the mld-90s 'has' emerged as the: But investors should note that a stellar performance in the Using Olympics words could cause: S0IT16 big pfOblOmS By Nick Patterson PMt-HsraM Rcpwtar The original Olympians the leg endary ones were a titanicall jealous bunch And thou who have inherited tbei: mantle the UJS Olympic Commit tee are likewise jeaknia of the! trademark Olympic name As a re suit there have been a few occaakn where someone else hu talun fancy to the word an found himaelf up against the Hercu lean forcu of the Olympic Commit legal team There have been stories about hot mall businesses have reconsiderer their use of the word -including Fish Market Restauran owner George Saitia Sarria had tb familiar five-ring symbol on a ban ner which proclaimed fish "the unof ficial snack food of the Olympics" Sarria said the suggestion to divu his restaurant of any Olympic-refer-ences did not come through any dal channel ghanyofflr in the laij "A friend of mine wu i enforcement business federal" Sarria said "He said Take (thoed) rings down' Sarria said "You set if they sue you your only i to pay" But despite experience despite the fact that a few Alabama businesses have ofr or in their name there have been no reported lawsuits filed by Olympic officials against any such business in Alabama Despite the feet that the OlympU soccer matches are in Birminghairf legal officials with the Olympic Games have apparently seen ignore Alabama companies Olympia Village Apartments Homewood Olympic Fence Oom pany of Pelham and Olympia Sporty ing Goods in Montgomery Dothani aid Tuscaloosa 1 But having a variation on thl Olympic theme part of a businesi name necessarily a bad thing been getting a lot of call! from people thinking part of the said Pam Thornburg manager of the Olympia Village Apartments "People call ui thinkini the place to 1 Just in case you're wondering' the Olympic Village at Birmingham Southern College la the place to itaf and then only if you're actually Olympic athlete Olympia just happen to be the name apartment complex that hu Homewood fer about 22 yean Any confusion over the names: however hu not translated into bet- ter business at Olympia Villagd not set up to rut for a month or two Ms Thornburg said Please tan to NAME page F4 i i two newly acquired stations in NY and Richmond Va becauu it plan to focus only on the Southeast: and becauu it already owns thd Richmond Times-Dispatch Federal Communications Commission regulations prohibit ownership of a television station and a newspapet in the same city Media General which is Hated on' the American Stock Exchange hay been a public company aince IMS But with the deal announced yesterday it will have spent $1 billion iq the last year in an unprecedented riodof gnjwth Nichols Rsasatch Atrion Dstehamoi Blount IntsiCsl Cvbsx wtr--vfl426 Bovd Bros Thmsooitatlon I 726 Ufa Csvaller Homes Birmingham 8fesl SouthTruet MAIC Holdliw Regions financial Intoorltv Colonial Bank rf II I Wfi npa 2875 91 OK 2038 Homeowners WASHINGTON About 700000 individuals and families became new US homeowners during the April-June quarter boosting the 1 number to a record 661 million the Clinton administration said yesterday It included a I percentage paint increase in the Miawest to 705 percent 2 points in the South to 671 percent and 1 point in the Northeast to 611 percent The rate in the West jV-Was virtually unchanged at 61 percent Secretary of I 'Housing and Urban Development Henry Cisneros said the 03 percent increase resulted in a 654 percent homeownership rate a 15-year high i 'Power Tower YORK -Power re computing Corp the first maker of Apple Macintosh clones has begun selling a model with the fastest on machines from Power Computing are ran by a new PowerPC 604e microprocessor from a joint venture of IBM i Apple and Motorola The chip ii has dock speeds of up to 215 'c MHz faster than the top 100 MHs speed of Intel Corp's -Pentium chip the brand found "In most PCs Prices for the PowerTower Pro computers available The Dell I Gateway 2000 Inc Power is a mail-order PC maker building 'machines to a bustom wishes in a wide -variety of configurations "There Isnt a higher performing Windows 65-based TPC available today that can I match our new PowerTOwer yPro" Steve Kahng chief executive of the Austin Texas-based firm said in a written statement ALABAMA RiJ VI I' Contract awarded Bill Harbert Construction has been awarded a $67 million 1' contract for renovations at Redstone Arsenal in Huntsville The 197000-square-foot project includes a new building exterior as well as Interior renovations The Redstone project is scheduled for completion in July 1997 Alfa dividend Alfa Corp a Montgomery- based insurance company has declared a quarterly dividend of 9 cents per share payable Sept to stockholders of record on Aug 15 training UAB Special Studies is sponsoring a secretarialword processing job training program far unemployed Individuals who wish to train for employment In the clerical field Classes begin July 29 and meet from 8:10 am to I daily for 10 weeks To qualify participants must type a leak 20 to 25 words per minute and be unemployed Training will include basic computer skills ynd office procedures For more information call 924-2870 and request Information about the JTPA program Accounting firm 'Comprehensive Business Sendees has opened a new office located at 2900 Cahaba Road AU Rad is the owner The accounting office will provide area businesses with accounting bookkeeping tax payroll and consultation services The new office is part of a national franchise network based in Mission Vlelo Calif Comprehensive Business Sendees hu more than 250 'franchised offices nationwide called on to perform a greater variety of tasks 1 i like to strike" said DE Fulford 58 a tool builder at Pemco "I think stupid to do It over something petty But this is really really major" In 1989 UAW Local 1155 employ- ees walked off the job for four months before agreeing to terms with Pemco i-: Striking workers said yesterday up 20 percent American Build- ings Ca which manufactures metal buildings tied for fifth place also with a SO percent ln- As a whole 21 of the 54 companies saw their stocks I appreci-- ate iq price dur- turned Mn by Birmingham's iwprtniwm The physician practice management company uw its stock drop 27 percent' V- '-'V It wu followed by Birmingham retailer Books-A-Million down 25 percent Montgomery Insurer Alfa down 24 percent Dothan video retailer Movie Gallery down 21 percent and Huntsville computer company Intergraph down 22 percent television stations including WHOA Montgomery's ABC affiliate which Is in the process of being acquired The deal is expected to be complete by Jan 1 pending regulatory approval The October' 1904 sale of Park completed lut year wu to two Southeast investors without other media holdings That $7114 million deal wu financed with a $5734 million loan from the Retirement Sys-' terns of Alabama Two months ago Investors Donald Tomlin of Columbia SC and Gary performtf fer first half of a year the first half of 1996 according always carry in to a Birmingham the second half There ratyH of Mi already are some stocks of the trouble signs for some the leaders Fra through June -v stock Jumped 77 pncenL lng the first half pistiliesa IJbtilllindMSyRI JBumlL bwel i'uU''i Lp9Wf06lnwtWi4 iMniAii-i UKtiLSRiclM South Alabama 3863 4500 26 3 2913 1 7 JO 1263 'x 361 24- 21 SO' 1538 23 22 3125 21 jww 2850- nr Jane BellFost-Herald of 1996 It closed the second quarter at inmnarf had de- the Alabama Index of state-based firms on average gained only 667 percent for the quarter V' In comparison the Dow Jones Industrial Average advanced 105 per- cent file Standard -Poor's 500 Jumped 888 percent and the Nasdaq Companies from a mixed group of industries fared the worst dining the first half Their values fell from 22 percent to 27 percent1 i The worst performance was Composite rose 12JS percent SM? fr-2TS7S the first half of 1996 are three high-tech firms Also in the group is Pelham-based Just For Feet the athletic shoe store chain that- hu found a magic formula for winning both customers and investors It achieved second place with a 48 percent increase in its stock price But investors should note that a stellar performance in the first half of a year always carry in the Media General plans to buy WBMG-42 Knapp of Lexington Ky repaid the Retirement Systems in full said David Brenner chief executive officer of the $15 billion pension fund for state employees Combining penslties of mon $17 million and a 105 percent est rate the Retirement Systems earned 135 percent on the loan The merging of Park's 10 television stations with Media three stations is expected to create company that reaches 221 percent of homes in the Southeast "That makes a pretty major By Jed Graham Fori-HmM Reporter Birmingham television station WBMO-42 a CBS affiliate will bands for the second time in two years this time going to a well-established media conglomerate baaed In Richmond Va Media General announced it would acquire the company set up in 1994 to purchase Park Communications Inc the parent of WBMG for $710 million in cash and assumed debt holdings include daily and $2 weekly newspapers and 10 in the said Media Baman Bob PendergaaL km would bring greater clout in negotiations with programmers and advertisers he said -Hoyle Broome vice president and general manager of WBMO met with Media General executives yesterday in Lexington and praised the solid 'management and Journalistic principles "Everybody came away feeling veryjmitive about the relationship5 (general will look to trade n- MU.