Corrections or additions?
This article was prepared for the January 30, 2002 edition of U.S.
1 Newspaper. All rights reserved.
Between the Lines
Are we at U.S. 1 Pollyannas or not? If you turn to our
annual Progress section that begins on page 8 of this issue, you might
conclude that we are: For the last admittedly difficult year, our
listings show only the new and expanding businesses — the firms
that have gone out of business, downsized, or left town in the cover
of darkness are not included here.
But we have some justification for our editing, beyond the immediate
issue of space and the total of 510 companies that were covered in
the pages of U.S. 1 last year. In fact, even in the admittedly
difficult
year of 2001, the winners in the Princeton area far exceeded the
losers.
According to our count 35 companies downsized or went out of business,
and 36 companies left town. But on the positive side, the Princeton
area gained 105 companies in 2001. Fifty-two of them were start-ups,
and 53 were existing firms that moved here or opened an area branch.
An even larger number of U.S. 1 articles — 138 — were about
companies that expanded, and 26 articles told of "Crosstown
Moves,"
companies that moved to a new office without substantially changing
footage or staff size.
Top management changed significantly in 25 firms, and 21 companies
changed their names. A multitude of firms announced new contracts,
and U.S. 1 wrote about 45 of them.
More than half of the firms we wrote about were in one of four
industries:
financial, computer, R&D, and communications, in that order. Fifth
and sixth in line were manufacturing and pharmaceutical companies.
For more information about any of the companies, plus a list of the
year’s cover stories, see our website at www.princetoninfo.com The
full text of the story may be found by searching for the date
published
or merely for the company’s name under the heading "Search Our
Archive." The archive dates back to 1998 and is accessible for
free.
From a purely practical perspective, these listings represent a
microcosm
of Princeton’s business community. The more we know about our business
community, the better we are at doing our jobs — or finding new
ones.
Top Of Page
More on Wireless
THE "NEW STRATEGIES in the Wireless World" articles in your
January 23 edition were exemplary. They showed that you don’t have
to go Silicon Valley to find such innovation. It is right here in
our own back yard, and such coverage will bring attention and
hopefully
support and funding.
Our Piscataway-based company, Softdomain (www.softdomain.com), works
in wireless also. We also have developed a technology that we feel
presents a great opportunity for companies to fully take advantage
of the upcoming wireless revolution. We are excited about the
opportunity
we have to allow consumers to access any information they want for
their work and their pleasure from anywhere and anytime.
We at Softdomain are pleased to know that we are in such a good
company
right here in New Jersey.
Cherif Chibane
Executive Vice President, Softdomain Inc.
Corrections or additions?
This page is published by PrincetonInfo.com
— the web site for U.S. 1 Newspaper in Princeton, New Jersey.
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