Altoona Mirror, October 5, 2000, Page 9

Publication: Altoona Mirror October 5, 2000

Altoona Mirror (Newspaper) - October 5, 2000, Altoona, Pennsylvania Altoona Mirror Business people Walt Frank 946-7467 Business trends Craig Williams 946-7460 business as MARKET SUMMARY THURSDAY, OCTOBER 5, 2000 Union official: Unionization vote will be filed for nurses By William Kibler Staff Writer The union trying to organize registered nurses at Altoona Hospital will file for a unionization vote eventually, a union official said Wednesday. “There isn’t any doubt,” said Alf Nelson, director of Healthcare PSEA, an arm of the state teacher’s association. “The only question is when.” The union has authorization cards from at least 30 percent of the 600 RNs, enough for a unionization vote through the National Labor Relations Board, Nelson said. But Nelson is waiting for at least 50 percent to help ensure the union will get the simple majority needed in a vote, he has said. The nurses want less mandatory overtime and less shifting among departments — for less stress, better patient care and more time at home, they said. Those are the main issues that led to a recently resolved strike of 750 service, technical and clerical workers at Altoona. The hospital has enough money to comply with union demands, according to Nelson. "Altoona is in exceptionally sound financial shape,” said Nelson, whose union has compiled a preliminary financial report on the hospital. “They’ve got beaucoup bucks.” Nelson wouldn’t say exactly how many authorization cards the Altoona RNs have signed yet but said the number is growing. The hospital isn’t commenting until the union takes formal action, spokesman Rick Reeves said. Nurses are unionizing because they want a voice, said Beth Rogers, a pro union nurse at Lee Hospital in Johnstown, which the union also is trying to organize. “They will listen to a thousand nurses more than five or IO,” said nurse Jacquie Nedimyer, one of the leaders at Altoona. Hospitals treat nurses like numbers, forcing them to pile up the hours and shifting them about without enough regard for patient safety, said Sue Flowers, PSEA president at Indiana, Pa. Hospital where nurses organized 15 months ago but still haven’t signed a contract. Hospitals try to scare employees away from unionizing by warning them that they could jeopardize rapport with management and management’s capacity for helping them, the nurses said. But nurses have worked under a paternalistic system for too long, Rogers said. “I can make my decisions for myself,” she said. Nurses are beginning to organize across the state and nation, like teachers did 30 years ago, said Nelson, who was a teacher then, making $5,100 per year. Half of his colleagues qualified for food stamps, he said. In about five years, during the early 1970s, though, unionization swept the state and now every school district is organized, he said. About 15 percent of the 125,000-plus RNs in Pennsylvania have organized so far, he estimated. The union does a thorough financial study of hospitals it organizes and tailors demands accordingly, Nelson said. “We want them to thrive,” he said. Mirror staff writer William Kibler can be reached at 949-7038. The ticker Business at a glance Banking power In a deal between CEO brothers, Firstar Corp. said Wednesday it is buying U.S. Bancorp for about $19 billion in stock to create the nation’s ninth largest bank holding company. The agreement combining two regional banking powerhouses keeps it in the family: Jerry Grundhofer is president and chief executive of Milwaukee-based Firstar, while brother John is chairman, president and chief executive of Minneapolis-based U.S. Bancorp. Soda battlefield: Longtime soda and snacks warrior Roger Enrico is planning his battlefield retreat, leaving an ex-Marine in charge at a reshaped PepsiCo Inc. The 55-year-old Enrico disclosed Wednesday he plans to step down as PepsiCo’s chief executive by the end of next year and as chairman by the end of 2002. He will be replaced by former Marine captain Steven S. Reinemund in each top job as he exits. Tire turbulence: Bridgestone/Firestone Inc. refused to attend a government-arranged meeting Wednesday with victims of accidents involving Firestone tire failures on Ford Explorers, saying it cannot be blamed for the vehicles going out of control. Ford Motor Co.’s Venezuelan subsidiary did send representatives to the meeting, and offered to set up a committee to negotiate compensation for victims. Ford said it felt “as betrayed as the Venezuelan people” by Firestone, which it said hid information about tire problems. Bouncing back airplanes: Stronger demand for airplanes and electronics helped orders to American factories bounce back in August after a record plunge. Economists said the report is further evidence the economy is growing at a slower but still healthy pace. Music venture: European antitrust experts are scheduled to meet again Thursday to consider new concessions made by Warner Music and EMI Group to gain approval for their joint venture, though the panel reportedly is prepared to reject the deal. When the special committee of competition experts met last week, it was understood to have backed the European Commission’s decision to veto the $20 billion combination. From wire reports I Bedford commissioners trying to spread word on offerings By Beth N. Gray For the Mirror BEDFORD — During Local Chamber of Commerce Month, proclaimed this week by Bedford County commissioners, chamber Executive Director Carol Snyder said, “We’re trying to get the word out a little bit more.” The county chamber has grown from a volunteer-led organization with fewer than IOO members to a staff of three professionals serving nearly 500 members with business growth and development seminars, employment and hiring opportunity programs, entrepreneurial recognition, community service awareness and networking. Chamber offerings this month include: ■ Digital Awareness Breakfast from 8 to 9 a.m. Oct. 13 at Clara’s Place, Best Western Inn, on the topic, “How Can You Find Yourself on the Internet?” Breakfast is Dutch treat. ■ Power Hour from noon to I p.m. Oct. 17 at Denny’s Restaurant with Stephen S. Lewis of Edwards, Leap & Sauer discussing retirement plans Briefcase Business briefs from the area and state Edward Jones offers course on insurance planning HOLLIDAYSBURG — James Ellis, local Edward Jones investment representative, will offer the course “Tax and Legal Issues for Life Insurance” at 3 p.m. Wednesday at the company’s offices at 506 Allegheny St. The program will provide two continuing professional education hours for CPAs and accountants. Topics include the types of life insurance policies, income tax issues relating to life insurance, life insurance trusts and special planning techniques. Enrollment for the program is $32. Reservations are required. For more information, call 696-2619. Veeder-Root expands with fuel management SIMSBURY, Conn. — Veeder-Root, with a manufacturing plant in Altoona, announced the launch of a new fuel management service program that will expand the company’s service operations. Marketed toward owners of petroleum storage tanks, Veeder-Root now will offer inventory readings for any brand of automatic tank gauging — extending the company’s services beyond checking its own brand of gauges. The company also will service clients who use manual stick readings to check their tank levels. The new service expansion is an outgrowth of the company’s recent purchase of Ustman Technologies, a Colorado-based company that performs comprehensive inventory’ management service. CBICC to host Business Expo STATE COLLEGE — The Chamber of Business & Industry of Centre County will host the Business Expo Centre 2000 from 9 a.m. to 6 p.m. Nov. 8 at the Penn State Conference Center. The business-to-business expo will showcase 90 companies and feature new products and services. Admission is free to people with a professional business card and is $10 per person for the general public. For more information, call 234-1829. Bedford plastics firm awarded loan BEDFORD — Bedford Reinforced Plastics, manufacturer of fiber-glass-reinforced plastics, has received a $37,500 low-interest federal loan to acquire a vertical machining center for its engineering and product design departments. The new machining center will enable the company to meet customer demand for larger, more complex parts that will be produced at a faster rate than with the present process, President Brian Stahl said. The federal Economic Development Administration’s five-year loan at 5.5 percent interest was approved by the Southern Alleghenies Planning and Development Commission, which requires that the financing creates two new jobs. The firm, recipient of two earlier loans through the commission, employs about 180 workers. Home-based party shop opens ROARING SPRING — PARTYSHop, a nationwide catalog and e-com-merce provider of more than 5,000 party supplies, has established a local presence with Brooke Slick as a home-based consultant. Slick will assist in product purchases by phone, fax, mail and online. The product line includes costumes, gifts, games and other party supplies, as well as Theme Party in a Box, a collection of invitations, tableware, balloons, streamers and activity guides for such occasions as birthdays, graduations, weddings and showers. Slick can be contacted by phone at 224-0166, by e mail at [email protected] or Web site www.1800partyconsultant.com/28232. From Mirror staff and wire reports for employers and employees of small businesses. Reservations for lunch, at a cost of $10 for chamber members and $15 for nonmembers, are requested by Oct. 13 at 623-2233. ■ Business After Hours from 5 to 7 p.m. Oct. 26 hosted by Health by Choice, 1721 Lafayette Road, New Enterprise. The business, under the direction of Dr. Ella M. McElwee, provides nutritional counseling, a variety of tests focusing on holistic health care and a health food store. Advance reservations at $5 may be made at 623-2233. Admission is $6 at the door. Milk board considers temporal increase ■ Groups are requesting a 20-cent rise in current premium rate of $1.25 per hundred pounds. HARRISBURG (AP) — A state board is considering a plan to increase temporarily the premium that farmers receive on milk used for drinking, a move that could translate to a penny-increase per gallon at the grocery store. The Milk Marketing Board conducted a hearing Wednesday on the proposal by Dairylea Cooperative Inc. and Dairy Farmers of America’s Northeast Council. The groups want a 20-cent increase to the current premium rate of $1.25 per hundred pounds of milk that is produced, processed and sold in the state. The groups said an increase is necessary because other states are offering Pennsylvania dairy farmers a premium of up to $1.50 per hundredweight. Without an increase, milk supplies in the state will dwindle, their petition for relief said. A hundred pounds of milk equals 11.6 gallons. The three-member board is expected to vote on the proposal in the next few days. If approved, the hike would be in effect for only November and December. That’s because the current premium of $1.25 per hundredweight is scheduled to expire Dec. 31. Earlier this year, the board approved a 25-cent increase to the dairy premium to help offset rising diesel fuel prices. That temporary increase also is due to expire at the end of the year. Pennsylvania’s Milk Marketing Board, one of a few nationwide that sets minimum wholesale and retail prices for milk, regulates the state’s dairy industry. Critics said the board is counter to a free-market system, but farmers and milk processors said they rely on it to keep the state’s $1.71 billion industry stable. | NYSE Most Active (ll or more) Name Vol (OO) Last Chg Lucent EMC s Xerox Firstar NortelNw 230583 32 38 +2 38 216485 92.13 -1 81 190182 1081    -.56 175151 20 00 -2 25 161388 63 63 +1 25 Gainers ($2 or more) AMEX Most Active (ll or more) Name Vol (OO) Last Chg NASDAQ NasdlOOT S374811 85.63 +2.25 SPDR 61490143.69 +1.19 Nabors 29872 50 85 -1 42 SP CyTr 20126 25 13 + 44 BiotechT n 13950179.56 -3.06 MOSt Active (ll or more) Name Vol (OO) Last Chg Oracle Microsft Intel s Cisco s DellCptr 1011297 68 13 -1 38 669725 55 44 -1.13 612458 42.00 +1.69 558041 58 56 +2.31 556223 28 19    -.38 Gainers ($2 or more) Gainers (*2 or more) Name Last Chg %Chg Name Last Chg %Chg Name Last Chg ‘/■Chg QtmHDD 13.25 +369 +386 Alteon n 4.75 +1.44 +434 PrmsKn 663 +1 88 +39.5 LamSes 12.44 +206 +19.9 GaylCn 2.50 +.69 +37.9 PacWest n 11.95 +3 02 +337 CmpTsk 3.44 + 56 +19.6 Gayle wt 2.00 +.50 +33.3 Peregrne s 21 94 +5 38 +32.5 Biovail wt 113 19+17 19 +17.9 Bionova 2.50 +.50 +25.0 eBenX n 1388 +3.31 +31 4 Fremont 3.56 + 50 +16.3 GlobLT g 6.30 + 78 +14 1 IntnetPid 5.63 +1 19 +26 7 Losers ($2 or more) Losers ($2 or mort) Losers ($2 or more) Name Last Chg %Chg Name Last Chg %Chg Name Last Chg %Chg SagaSys 5 56 -2.63 -32.1 PVR En n 5.13 -.75 -12.8 Nutri/Sys n 3.38 -388 -53.4 CKE Rst 238 -56 -19 2 Rampart n 2.13 -25 -10.5 LivePrsn n 2.25 -1.63 44,9 Sitel 256 -56 -180 Envision 763 -88 -10.3 Thoratc 1200 -5 75 32 4 MinTch 37.69 -819 -17.8 MagHn wt 2.25 -.25 -100 Calico 356 -1 63 31.3 Guidant 57.75 -11.19 -16.2 Boundls 6.25 -69 -9.9 CarrAcc 14 70 -6.17 -296 INDEXES J 52-Week Net S YTD 52-wk High Low Name Last gig Chg % Chg N Chg 11,750 28 9,731.81 Dow Jones Industrials 10.784 48 +64 74 +.60 -6 20 +1.85 3.102.89 2,26078 Dow Jones Transportation 2.560 00 +61.82 +2.47 -1401 -14-95 403.72 268 59 Dow Jones Utilities 382 07 -11.25 -2 86 +34 84 +25.92 681.19 572.38 NYSE Composite 665 14 + 52 +.08 +2 28 *§.06 1,043.46 769.64 Amex Index 934 39 -307 -33 +6 55 +1866 5,132.52 2,63201 Nasdaq Composite 3,523 10 +67.27 +1.95 -1342 +2331 1,553.11 1,233.70 S&P500 1.434.32 +786 + 55 -238 +8 22 614 16 406 33 Russell 2000 507 49 +282 + 56 +.54 +1809 14,734.25 11.446 60 Wilshire 5000 13,451.99 +87.93 +.66 -2.61 +11.24 NEW YORK STOCK EXCHANGE Name Div last Chg ACMIn 0 78    7    50 AES Op S    67 25 -3 OO AFLAC 0.34 66 31 - 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s 94 06 +6 44 RjtnSft a 57 38+7 38 ComOne s 66 25 +7 38 JnprNtw 207 95+6 51 RealNwk s 36 81 +4.50 Compuwre 7 47 -16 KLA Tnc s 40 69 +3.00 i ReatonsFn 1 08 2319 -38 nuciu v uu v uu — ActPerf 3.41 -.28 Acxiom 33 06 +19 AdobeSysO 10 158 00 -5 44 Adv Tiss 7 56 - 06 CoocEFS Conex rn s Copytele CorelCp Costco s 35 00 33.25 1 25 606 34 48 -I 13 -2.75 -03 + 28 + 66 KanaCm a KeystnFn 1 16 KnghtTrd Lance 0 64 Levels 19.50 +125 2163 28 50 -3 69 9 50 - 25 75 23 +6 36 I RoadwyEx RockAgs SDL Inc s SKF 020 044 16 75 -19 5 .19 - 88 310 94+20 00 13 50 + 25 Akzo 0 99 44 88+1 81 CovadCm s 1031 + 41 Lycos 63 63 - 61 SafTLok 81 AliegTel s 36 38 +6 38 Cree Inc 114 69 +7.44 MTI Ten 4 13 +09 SanehezC 14 56 AlteraCp s 51 06 +4 63 CybrSrce 10 75 + 50 Maxim a 81.56+4.56 Sanmina s 96 31+125 Amazon 36 00 + 94 DellCpti 28 19 -38 Maxtor 938 -41 Sapient a 36 63 +2.69 AmrFndn 0 60 17 75 ♦ 19 Digex 39 50 ♦ 38 McLeod s 14 31 +119 SiebelSyt s 102.73 +5 72 Amgen s 64 44 -2 31 Diodes s 1450 ♦ 63 Medlmun s 64 88 +2 13 SSTs 24 05 +1 05 AppleC s 23.63+1.31 DbieClck 26 06 - 13 Metrocail 300 SilicnVI 36 19+1 25 ApldMat s 54 19 +2 56 EchoStar s 49 94 -67 MtrmdF a 22.75 +2.25 SmrtForce 46 13 -63 AMCC s 191.88+13.42 EFII 20 63 + 13 Microstl 55 44 -1 13 SmurtStne 10 44 + 25 Anba 129 77+17 28 Emulex s 119.00+17 44 MmiMea s 7913-4.25 SovBcp SportsLn Staples 0 10 9 31 +16 ArielCp 1.97 +.16 EntreMd 26 88 + 69 NetwkAp s 11880-1 52 13    13 -06 14    06 - 13 Arnold 0 44 15 69 + 42 EncTel s 0 06 1581 + 50 NetwkAsc 22 00 +88 ArtTech 67.70 +4,70 ExodusC s 45.00 +3.06 ; NewTei 001 8 69 - 19 AtHome 12 25 + 06 ExtNetw s 107.75+11.50 j NextelC s 43 81 +3.13 SunMc s 0.68 111 45 +3 08 Atmeis 14 44 + 50 FiieNet 18.63 +2.31 I NodhPnt 7 69 -34 SusqBnc 15 00 +.75 Autoimu 2 31 +05 Flextrn s 79 06-3 88 NwstBcp 0 16 8 50 + 31 Sycamre s 104 00+3 31 Aware 3744 +88 Fonar 200 ♦ 06 Novlus s 47.75 +5.88 Teiiabs 49 94 + 63 BEA Sys S 74 31 +3 25 FreeMkt n 52,88+3.06 OldDom 9 88 - 02 3Com s 18 94 - 13 BMC Sft 16.50-1 13 Gemstar s 87 69+3 00 OmegFn 104 29 25+1 00 TriQuint s 34.06+1.86 BT Fin 0 84 18 00 + 19 GeneLTc 550 + 03 OplmkC n 33 63 US Plate 3 08 - 30 BedBath s 2313 +75 Genlyte 25 38 -69 Oracle 68 13-1 38 Uromed I 41 +03 BobEvn 036 1813 +63 Centex 26.25+2.31 PMC Sra s 209 94+10 69 USBPas 036 400 BroadVis s 21.44+119 Geoworks 6.19 -34 PSINet s 791 +53 USmtnw s 5 13 -06 Brdcoms 241.94+17.69 GlblCrss 27 80 -20 Palm n 45 44 -81 Verisign s Veritas s 183 56 +3 56 BrcoeCm s 216 69 +3 69 Gymbree 5 47 -03 ParmTc 10 75 + 19 137.00 +6.56 CCORnet s 15.00+1.16 HrtlndE 1738 Paychex s 0 24 5169 +56 Vignette s Vtel WebMD 22 81 - 19 2 31 -06 CBRL Grp 0 02 14 13 +31 i2 Tech s 159 38+7 38 PenNGam 1600 CMGI 24 31 +1 06 ICG Com .41 -09 ] PennTrff 7.00 -38 Canoodle 5 34 - 03 Imunex s 38 06 + 31 Peopiesofi 29 94 +2 19 12.06-144 CarrAcc 14.70-6.17 InfoSpce s 27.50 +1 88 Peregrne s 21 94 +5 38 Winstar s 21.00 +2 44 ChartCm n 18 06 +06 Intormx 381 -06 Pixar 32 88 - 25 WWFEnt n 14 50 - 50 ChkPoint s 154 23-1 64 Inktomi s 108.94+11,13 prtceiine n 9 36 -.50 WrldCom s 28.19 -I 69 CienaCp s 114 44+4 31 IntgDv 89 25+3 00 PrchPro a 84.81 +8 75 Xilinx s 89 63 +4 88 Cirrus 40.06 +7.50 Intel s 0 08 42 00 +1 69 OLT* 56 06 -7 88 Yahoos 87 94 +3 94 Ciscos 58 56 +2 31 IntrNAP s 22.75 -2.06 S Qualcom a 78 44 +5 94 I YeiiowCp 1550 AMERICAN STOCK EXCHANGE Name Div last Ct* FAusPr 0 54 420 IvaxCp s 43 51 +56 SP Mid 277 % 06 +38 Alteon n 4.75 +1 44 GSE Sy 2 25 -06 Keane 1595 + 19 SP CyTr 013 2513 +44 GlobLT g 6.30 ♦ 78 MLSem07 n 1000 SP Foci 025 29 00,-38 Ampex 1 00 GolfTrst 1 76 1250 NTNCom 2 50 + 06 SP tech 46 02+1 20 C c J (TS | < I 8 25 - 25 GteyWoU 556 - 19 Nabors 50 85 -I 42 ThCardc 8 75 +38 B2B met n 2 62 42 19+3.63 HanvDir 44 -.06 NasdlOOT s 85 63 +2 25 TWA I 80 - 07 Baleare I OO Harken 56 NordicAm 1 82 23 00 +50 UmMrt 2.00 -13 BiotechT n 0 03 179 56 -3 06 iShGerm 253 19 19 - 19 On2.com 4.30 +40 VDC Cm ■31 -.13 DJIA Diam 139 107 89 + 86 iShJapan 056 1350 ♦ 06 QkslvRs 9 50 + 38 Vialog 9 63 - 38 DevonE 020 59 OO -1 87 Idenlix 11.05 -44 SemiHTr n0.01 72.00 +3.55 Viragen n 1 44 +06 eMagin n 8 76 - 24 IntntHTr 94,69 +4 69 I SPDR 1 09 143 69+1 19 X cetera s 17 19 -44 Want a stock listed? Call 946-7441. Stock name and exchange needed ;

  • Alf Nelson
  • Beth N. Gray
  • Beth Rogers
  • Brian Stahl
  • Brooke Slick
  • Carol Snyder
  • Craig Williams
  • Edward Jones
  • Ella M. Mcelwee
  • Jacquie Nedimyer
  • James Ellis
  • Jerry Grundhofer
  • Rick Reeves
  • Stephen S. Lewis
  • Steven S. Reinemund
  • William Kibler

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Publication: Altoona Mirror

Location: Altoona, Pennsylvania

Issue Date: October 5, 2000

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