Santa Cruz Sentinel from Santa Cruz, California on May 13, 1997 · Page 18
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Santa Cruz Sentinel from Santa Cruz, California · Page 18

Santa Cruz, California
Issue Date:
Tuesday, May 13, 1997
Page 18
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5 MS DTD eSS B-4 Tuesday, May 13, 1997 Sentinel" JFK terminal to get a facelift mm ' DOW(Industrials) NYSE ' NASDAQ AMEX MONDAY'S CLOSING NYSE LISTINGS dote On. Ban America (B AC) 118 2' Comerka (CMA) ' IH k Dean Foods (DF) nvt Dow Jones Inc.(DJ) 38V. GotlKhlks Inc. (GOT) 5 -t Granite Const. (GVA) 19 - JC Penney (XP) 49'A ' Lockheed Martin (LMT) W'i lt Plantronics (PLT) 3ft -V Safeway (SWY) 44 l SBC Communications (SBC) 57 - Seagate Tech. (SEG) 5I'j Texas Inst. (TXN) Wk -2 Watkins-Johnson (WJ) ' Wells Fargo (WFC) 282'A 71. . William J. Wrigley (WWY) 56 Vi ' NASDAQ LISTINGS Bid Ask Chg. Apple Computer (AAPL) 17'i 17 ') Borland Intl. (BORL) a! 'A Cisco Systems (CSCO) tVt Mtl Coast Bancorp (CTBP) 2l' 23 Unc Fractal Design (FRAC) 1 Intel Corp. (INTO t 159' -H Mont Bay Banc.(MBBC) 15V. 16 Unc Novell (NOVL) m m -V Odwalla (OOWA) II lr -'A Pac. Cap. Banc (PABN) 30 Vi 31 Unc ' Santa Crui Op. (SCOC) 4'i 5'A '. TCHTCOMA) 14W 14 Unc . West Marine (WMAR) 26 Vi 26V, -V, Courtesy: Baikie I Alcantara, Inc Business can't fire workers to cut benefits Employers cannot tire workers and contract out their, jobs to another company in an effort to reduce their health and other benefits, the Supreme Court said Monday. The unanimous ruling keeps alive a claim by former cargo-handlers at a Los Angeles rail yard that their jobs were moved to another company in a conspiracy to reduce their benefits. Growth of black-owned businesses slows The pace of growth for top black-owned businesses last year slowed considerably from 1995 amid a backlash against affirmative action and economic difficulties, Black Enterprise magazine reported Monday. Sales for the top black-owned companies rose 7.75 percent to $14.1 billion last year a fifth straight year of growth but an expansion rate that fell short of the 1 1 .8 percent growth tallied in the previous year. The change can be traced partly to a hostile business environment, the magazine noted in releasing its 25th annual listing of the top 100 black-owned industrial and service firms and top 100 auto dealerships. Delta chief to retire After leading Delta Air Lines' return to healthy profits, Ronald W. Allen said Monday he's retiring as the airline's chairman and chief executive, at age 55. Allen's abrupt resignation ends a 34 -year career at Delta, the nation's third largest airline. The Atlanta native was instrumental in restoring Delta to profitability following a costly purchase and a painful cost-cutting period. "To an athlete dying young, it makes a lot of sense," said Steve Lewins, an analyst for Gruntal and Co. "He's done his job and he deserves an opportunity to enjoy the fruits of his labor. The guy's been through hell." 1 Grand Met, Guinness to merge It has the makings of a raucous party: The bwner of Burger King ard Bailey's Irish Cream plpns to merge with the producer of Guinness Stout arid Johnnie Walker scotch. The mixture of Grand Metropolitan PLC and Guinness PLC, announced Monday, would form an Industry giant worth $34 billion. Named GMG Brands, the new company would rank, by market value, as the world's seventh-biggest food and beverage company with 83,000 employees. Arrival Building seen as a poor first look at U.S. By BARRY J. NEWMAN The Wall Street Journal America's golden door of the aviation age the International Arrivals Building at John F. Kennedy International Airport has welcomed the "tempest-tost," and the high and mighty, for 40 years. They pass before a snippet from the Statue of Liberty's hoary verse, carved in granite with the impolitic bit about "wretched refuse" left out. There is no international "departures" building at JFK; America doesn't name buildings after quitters. But the Arrivals Building, over the years, has gotten to look tired and poor. Some members of the huddled masses appear to be living in it, and there is wretched refuse in the flower pots. "This is not a good impression," says a European who has passed through its portals many times. "When you arrive, you go, "Whoops, this is the United States of America?'" The Port Authority of New York and New Jersey, which operates this national disgrace, has decided to take radical action. As of today, it turns over management of the Arrivals Building to New York's original owner: the Dutch government. Schiphol USA has signed a 30-year lease to run the place and to put up a new $1 billion building on the same spot at the same time; its local partners are LCOR Inc., a locally savvy developer that knows how to work with the Port Authority, and Lehman Brothers Holdings Inc. Schiphol (it rhymes with skip-hole) is an offshoot of the state company, NV Luchthaven Schiphol, that owns Amsterdam's Schiphol Airport. Schiphol regularly ranks in official airline surveys among the civilized world's best airports, JFK among its worst. The Dutch are masterful people movers. Their theory of airport design set the world standard years ago, and they learned early in this privatizing era how to make airports pay. (At Schiphol, the state is a shareholder, not a meddler.) Schiphol Airport works calmly and cleanly. If all goes well, so will the Arrivals Building at JFK. Airports, the Dutch know, are all about flow control. Just visit the men's room. The tile under the urinals in the Arrivals Building has that familiar lemony tinge; rubber soles stick to it. Over in Amsterdam, the tile under Schiphol's urinals would pass inspection in an operating room. But nobody notices. What everybody does notice is that each urinal has a fly in it. Look harder, and the fly turns into the black outline of a fly, etched into the porcelain. "It improves the aim," says Aad Kieboom. "If a man sees a fly, he aims at it." Kieboom, an economist, directs Schiphol's own building expansion. His staff conducted fly-in uri-nal trials and found that etchings reduce spillage by 80 percent. The Dutch will transfer the technology to New York. "We will put flies in the urinals yes," Jan Jansen says in a back office at the Arrivals Building. He is the new Dutch general Low-fare carriers to get more big airport slots; The Wall Street Journal WASHINGTON The Transportation Department is preparing to open the way for more low-fare airlines to get lucrative takeoff and landing rights at some of the nation's biggest airports, and megacarriers such as UAL Corp.'s United Airlines and Trans World Airlines are lining up to fight the policy shift. Low-fare carriers and their Republican allies in Congress say government intervention on behalf of the airlines will lead' to more choices and lower prices for consumers. But the move, which is expected to be discussed at a Senate aviation subcommittee hearing today, is being opposed in a fierce lobbying campaign by big carriers which argue that the Transportation De-. partment is inching toward reregulation of the industry. manager, the boss as of noon Tuesday. "It gives a guy something to think about. That's the perfect example of process control." one). They declare themselves vegetable-free at the customs counter, and trundle out to a mobbed lobby in search of a train to Manhattan. Except there isn't, and never has been, a train from the terminal to Manhattan. The U.S. Air Force cleared Schiphol's Nazi-occupied Dutch site on Dec. 13, 1943, using 400 tons of bombs. By the time a new terminal went up in 1967, the Schiphol concept was in place: Keep it calm, keep it simple. The crowning principle came a little later: Keep them shopping. Schiphol works to rule. Maximum allowable walk time from parking garage to check-in is 10 minutes. Maximum check-in time is 15 minutes. Schiphol was built to grow, and grow it has to 28 million pas sengers last year, just short of JFK's 31 million. A new wing opened in 1993, a new shopping plaza in 1995. A Sheraton Hotel will open soon. The airport has Just planted 63,000 birch trees. The golf course is coming. The purpose of every detail every perfectly enunciated announcement and patch of sunlight is to make the passenger think, "I'm in an airport, but I feel comfortable," as Alexander Zeverijn, its development director, puts it. When passengers feel comfortable, they buy stuff. They buy blue jeans and tulip bulbs. They buy silverware,' caviar and diamonds. The stuff, all told, brings in about $280 million a year. - Schiphol feels so comfortable that the Dutch visit it by the millions not to fly. just to visit. His New York public-relations attendant titters. "Fine, laugh at me," Jansen says. "It works." It II II II - n fc'V-' The Associated Press An IBM technician coils up wire behind the chess-playing computer Deep Blue. IBM earns new respect Chess match puts human a face on computers The Associated Press NEW YORK When Deep Blue crushed the world's greatest chess player, the media used words like "brutal," "surprising" and "brilliant" to describe the victorious boxes of IBM circuitry. Never mind that the IIIM RS6000 SP may hn technically closer to a calculator than to "Hal" of Space Odyssey: 2000. That people saw the suercom-puter as borderline human says gigabytes about a recent shift in altitudes toward technology in general as well toward the once-stodgy computer company. The chess match reaction contrasted with just a year ago, when Garry Kasparov's victory over Deep IJlue was hailed as a triumph over faceless machinery. "The difference this time is there is a greater public recognition that the computer played more like a person," said Sherry Tin kle, a professor of the sociology of science at Massachusetts Institute of Technology. Likewise, a view toward IBM as "more organized, more neural, not a clunky kind of computer intelligence... really has been facilitated by this match," said Turkic, who regularly interviews people on their views of technology. The change is more than an item of academic interest. Associating itself with a winning Deep Blue has tremendously polished IBM's image, once known as a dull supplier of clunky traditional computer equipment. Technically, the RS6000 is a "massively parallel" computer, which has dozens or hundreds of the same kind of microchip working together. The RS6000 SP is capable of analyzing 200 million chess moves a second. It also was able to "learn" from Kasparov's previous moves, adapting its strategy as the game progressed. Hut the simple reasoning was a far cry from "artificial intelligence," or having a mind of its own. "For the layman, I think the idea of the human brain fighting with the computer is an interesting subject," said Roel Pieper, chief executive of Tandem Computers Inc. People in business Lance Linares, executive director of the local Community Foundation, was elected to the board of directors of the Northern California Granlmakers. NCG pre- Linares sents, ex- unares changes and examines information to help staff and trustees of grant-making Institutions make effective use of their charitable dollars and resources. Dawn Iuli-ano has recently joined Century 21 Cheshire in Soquel. luliano pre-v i o u s I y worked as a residential agent for Con- lAmnn Pnnltv She has luliano worked in residential, commercial and income property transactions for eight years. (3 Bob Itayne has also joined Century 21 Cheshire in Soquel. Bayne was previously an agent with Contempo Realty in Santa Cruz, lie has ognition as top oayne selling and listing agent in 1995 and 1996, and specializes in all phases of real estate sales. Ilayne graduated from Sacramento State University and received his MBA in accounting at Golden Gate University. o Lori Silver, an attorney in Aptos, has recently been appointed to the IRS Collection EA Win Win Team. Silver's role in the task force Is to fo- niQ nn Offnr in Compromise Silver and several other educational as- pects. The Olfer in Compromise is a program offered by the IRS which enables taxpayers, who owe a lot of money to the IRS, to negotiate payment of pennies on the dollars to resolve the situation. The goal of the task force is to identify and resolve problems in the collection arena, bankruptcy and payment after an audit. Dr. Avishay Katz has been named vice president and chief technical officer of Watkins Johnson's Semiconductor Equipment Group in Scotts Valley. Katz was previously manager of power electronics strategic research and development with Electric Power Research Institute. He earned a bachelor of science degree in engineering and a doctorate in materials engineering from Technion-IIT, Israel. Katz is also a graduate of the Israeli Naval Academy and served six years as an active naval officer. People In business publishes notices of career moves, awards and accomplishments. Please direct submissions to the Business Editor, Santa Cruz Sentinel, P.O. Box 638, Santa Cruz. Calif. 95061. Fax, 429-9620. Items may be edited. Photographs will not be returned Dow roars ahead Investors stick with blue-chip stocks : The Associated Press NEW YORK The Dow Jones industrial average plowed to another new high Monday, outpacing broader stock measures as investors remained cautiously optimistic about the outlook for inflation and interest rates. The Dow rose 123.22 to 7,292.75, with IBM and Hewlett-Packard leading the charge past last Tuesday's record close or 7,225.32. The barometer of 30 blue-chip companies, which sat about 900 points lower just a month ago, briefly moved within 4 points of 7,300 during the afternoon. The Standard & Poor's 500 and the New York Stock Exchange composite index set new highs as well, also benefiting from the day's emphasis on the perceived safety of the biggest and best-known names. "There wasn't much news. They just want the blue chips, want them badly," said Robert Streed, senior investment adviser at Northern Trust in Chicago. ' Stocks drew some minor support from the bond market, where yields on some longer-term issues fell slightly although the yield on the benchmark 30-year bond ended unchanged. There were no major economic reports to counter recent indications that the economy's vigorous pace is easing enough to keep pric-' ing pressures under control. The markets have rallied back from a steep slide in late March and early April amid hopes that the inflation-leery Federal Reserve won't decide to raise interest rates again to slow the economy. The Fed nudged up short-term rales March 25 for the first time in two. years. Investors are hopeful this week's readings on inflation and retail sales will convince Fed officials to delay another rate increase, but analysts expect trading to remain hesitant until after next Tuesday's Fed policy meeting. Forum addresses world markets Sentinel staff report SANTA CRUZ How to reach international markets from laws and regulations to global trends will lie the subject of a forum Friday. Presented by the Economics Advisory Hoard of UC Santa Cruz, the forum will cover subjects of interest to business owners, government officials and others seeking to operate in a global business environment. "A firm doesn't have to be big anymore to be very involved with the international economy," said UCSC economics Professor Nirvi-kar Singh. "Even small entrepreneurs who are thinking about where to sell are looking beyond California, New York and the Midwest. For California businesses, in particular, it's just as natural to look across the Pacific as to look to the East Coast." Globalization has bottom-line implications for businesses, many of which will be discussed at the forum, including how to acquire Let us thank your clients. 9efson & Vhmlee's 458-1118" short-term credit to finance inter:.: national trade, how to manage exchange-rate risk, and how to target customers. Panelists will also pro- , vide current information on software regulations and U.S. trade policy, says Singh. The forum will be from 8 a.m. to 1:30 p.m. Friday in the Cypress Room at Peachwood's at the Inn at Pasatiempo, Santa Cruz. Advance registration is required.; The cost is $30, which includes breakfast, lunch and refreshments. ". For information, call 459 2028.: Make checks payable to UC Regents and send to: Jennifer High-tower, Development Coordinator, Economics Dept.; UC Santa Cruz, 1156 High St., Santa Cruz, Calif..' 95064-1077. 1 190? tCftd SALE I I 15 CFF EACH PURCHASE OF I I 5 WINDOWS OR M0RE.- : l: ! $SS3 CFF COMPLETE J : , VINYL SIDING JOB ! ' i txumsam J Unwrap A Bargain This Weekend. (pokes to an economy o rented from Fri. thru Mon. for a Woy total of $47.97 with 100 free mies per day included. Wmrted rnfcoge witfn rhe state of CA avatoWe for on ' otftoral $10.00 per day. faxes, induing Vehicle Ixemma, Fee dnrgn of .49 to $1 .91 per day. excess mfeoge fees, and optional doiiioye woiver rt $8.99 per day aeeitra.Md $10.00 per day H under oge 25. Valid at participating S.f. Bay (tea locations eidudrng S.F. City and afl akport lotcrtions. tiptation 53197. 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