Corrections or additions?
These articles by Barbara Fox and Melinda Sherwood were published in U.S. 1 Newspaper on May 19, 1999.
All rights reserved.
Life in the Fast Lane: Dow Jones
Reuters and Dow Jones are combining their Internet-based
business information services. The new joint venture, Dow Jones Reuters
Business Interactive LLC, will target business users at their desks
through Internet distribution, says Richard Tofel, Dow Jones spokesperson.
The new service will have the archived contents from the Wall Street
Journal but it will also have the news services in 20 languages presently
available on Reuters Business Briefing (https://www.bestofboth.com).
The combined venture will not include the Wall Street Journal Interactive
Edition, the digital new media products that Reuters has, or the real-time
financial newswires that each produces.
A Dow Jones executive, Timothy M. Andrews, will head the firm, and
Reuters will pay Dow Jones a sum of money over time, says Tofel, but
the amount to be paid has not been made public.
Andrews, the president and chief executive officer of the joint venture,
will have his office in the New York metropolitan area. That could
include the Princeton campus, which has a new empty building and 300
Dow Jones Interactive employees.
Andrews is an alumnus of Ball State in Indiana. Except for a brief
stint in public relations, he has been with Dow Jones for 15 years,
most recently as vice president and editor of Dow Jones Interactive.
Two of the six executives reporting to him are from Dow Jones: Skip
Grossman, vice president of strategic relationships, and Clare Hart,
vice president and director of global sales.
Andrews will have a board of directors divided evenly between Reuters
and Dow Jones. On the Dow Jones side, the directors are L. Gordon
Crovitz, senior vice president of electronic publishing, and Dorothea
Coccoli Palsho, president of Dow Jones Interactive Publishing.
“Reuters and Dow Jones both have successful interactive business
services,” says Andrews, “and merging them will allow us to
reach more customers faster to meet their rapidly changing needs.”
Meanwhile, under Coccoli Palsho, Dow Jones Interactive will continue
to independently publish the Wall Street Journal Interactive Edition,
the largest paid-subscription site on the Web. Soon it will add a
new free Web portal site at https://dowjones.com.
“The large general-interest portal sites aren’t productive for
businesspeople,” said Peter R. Kann, Dow Jones chairman and CEO.
As announced last month the new site will serve business people needing
information, services, or Web resources. Users will be able to do
free searches on premium sites and pay only for what they wish to
read or download.
Dow Jones Interactive Publishing, Ridge Road andRoute 1, Box 300, Princeton 08543-0300. Dorothea Coccoli Palsho, president.609-520-4000; fax, 609-520-4010. Home page: https://www.djinteractive.com.Top Of PageBase Ten TurmoilAt the Base 10 shareholders’ meeting last week chiefexecutive Thomas E. Gardner had asked for approval to float additionalshares of common stock, but that move was rejected by shareholderswho had earlier forced Gardner to revamp his board (U.S. 1, May 19).Not to worry. “It becomes a moot point,” says Gardner. “Theextra stock was not for existing management but to incent the managementof any acquisitions we might make.”He had been talking to two acquisition possibilities: Select SoftwareTools and Almedica Technology Group. Now he has dropped the formerand is continuing talks with the latter. “We are confident thatthis transaction will create a solid platform for future growth andprofit.”The board shakeup took place as scheduled. “We have now had aboard meeting and initial orientation sessions with the two new directorsand are pleased with the way everyone is coming together behind thecommon goal to increase shareholder value,” says Gardner.Base Ten Systems Inc., 1 Electronics Drive,Box 3151, Trenton 08619-3151. Thomas Gardner, president, CEO, co-chairman.609-586-7010; fax, 609-586-1593. Home page: https://www.base10.com.Top Of PageChildcare ChangeSome 80 Carnegie Center children will find themselvesunder new management on July 1. The Family Resource Center, a nonprofitdoing business as Carnegie Family Center, has notified parents thata new child care provider will assume the lease — children maystay at the Carnegie Center or move to the Lawrence Day School, anotherFamily Resource Center facility, on Carter Road. Meanwhile Harsh andSonia Chadha, owners of eight central New Jersey locations of thenational franchise Kiddie Academy, have been invited by landlord BostonProperties to provide services at the Carnegie location.”If we do assume operation of the school,” says Chadha, “wewill do everything to assure the transition is as seamless as possible.”He hopes to hire the same teachers, saying that his firm “providesa positive and fun work environment with good pay and benefits. Todaywe take care of 1,000 families a day, and we have in excess of 200staff members.” The Chadhas have facilities in North Brunswick,Cranbury, Hillsborough, Lebanon, Rockaway, East Hanover, Morristown,and Branchburg. They are also opening new facilities in Lawrenceville(at Manors Corner), Bridgewater, and Chester. The 18-year-old KiddieAcademy is based in Bel Air, Maryland, and has 61 units in 11 states(https://www.kiddieacademy.com).The Carnegie Center has been aware for some time that the Family ResourceCenter was struggling to meet its rent, and it had offered the siteto at least one other area provider — which turned it down onthe grounds that the facility is simply too small for profitability.Asked how he intended to make a profit, Chadha says his operationhas “a lean administration.” He outsources payroll and accountingand he and his wife handle all other administrative duties.”We are the premium provider of daycare,” says Chadha. “Ourcurriculum includes computers, music, dance, and we even teach Spanish.”A program called Parent Watch lets parents use the Internet to geta camera’s eye view of their child’s classroom.A native of northern India, where his father was a physician, Chadhawent to the esteemed Doon School (comparable to Eton in Great Britain)and the University of Delhi (Class of 1976) before earning his MBAat the Wharton School, working at Dun and Bradstreet, and then goinginto business on his own in the early 1990s. “Then child carewas an industry with a poor reputation. All the negatives that didexist presented a new opportunity to make a difference to the communitythat we serve. Taking care of children is one way of giving back tosociety,” says Chadha.”The goal is to have a seamless transition before the end of June,”says Micky Landis of Boston Properties, owner of the building. “Theintention of the new operator is to keep the rates consistent andkeep as many of the staff as would like to stay.”Top Of PageExpansionsInternational Software Group (ISG), 55 Princeton-HightstownRoad, Suite 103, Princeton Junction 08550. Ajay Chopra, president.609-799-0622; fax, 609-799-0662. Home page: https://www.isgconsulting.com.The computer consulting firm moved with 20 people from Station Driveto take up most of one floor at 55 Princeton-Hightstown Road. Notto be confused with International Software Consulting on Thanet Circle,it does quality assurance testing and enterprise resource provider(ERP) solutions as well as Year 2000 work. Its clients range fromLucent Technologies and Citibank to small trucking companies and theschool administration for Green Bay, Wisconsin.Gary Mertz Architect, 65 South Main Street, BuildingA, Level 2, Pennington 08534. 609-737-7976; fax, 609-730-8296.After three years working from a home office, Gary Mertz has movedto Pennington’s Main Street office center. Mertz, 42, grew up in BergenCounty, where his mother is a gerontologist and his father workedfor National Industries for the Blind. As a result of vocational testinghe worked as a carpenter for four years, then went to North CarolinaState, and studied architecture at Drexel. While working for fiveyears with Johnson Jones at 20 Nassau Street, one of his major projectswas a counseling center at Montclair State. His wife, Sarah, is associateexecutive director for the American Red Cross on Alexander Road.Mertz’ current projects include an addition to the Lakeview ChildCenter in Hamilton and the just-finished NovaSoft building on QuakerbridgeRoad (U.S. 1, May 12). His work on Tom and Mary Evslin’s home on LibraryPlace is featured in Better Homes & Gardens this month, and he andSarah hope their dream house will also end up in those pages. Butfirst they have to find a piece of land.Top Of PageCrosstown MoveMicrocon, 432 State Road, Princeton 08540. SujoyBanerjee, president. 609-921-7890; fax, 609-921-7820. Home page:https://www.microconcad.com.Sujoy Banerjee has moved his computer consulting and training firm,once located on Roszel Road, to a 20-acre wooded site near PrincetonAirport with an indoor swimming pool and a tennis court. “Thefacility is ideal for clients, vendors, and most important, our employeeswith pre-school children,” says Banerjee, a native of Jamshedpur,India. He has a master’s degree from Virginia Tech.One consultant, for example, was able to bring her infant to thisworksite, and when her husband was transferred to Washington, D.C.,she was able to continue to work on projects for Microcon.Top Of PageNew in Town:Tie Dyes to TiesNetwork Access Systems, 45 Stouts Lane, Suite 11,Monmouth Junction 08852. Bruce Lin, general manager. 732-355-9770;fax, 732-355-9774. Home page: https://www.naspc.com.Network Access Systems, an assembler and reseller of network computersystems, has opened an office at 45 Stouts Lane in Monmouth Junction.The company sells nearly 300 network-ready systems a month to resellersin the area. Scott Williams, sales manager, says the business hasbeen growing rapidly. “A year ago we were in tie-dyes,” hesays, “now we’re in ties.”After a brief stint working for area computer companies, Williamsco-founded the business a year ago with Bruce Lin, whom he met whileattending Rutgers University. Now they have 15 employees and approximately50 clients in the area.Despite its youth and size, Network Access Systems has been able toconvince major suppliers like Intel, Microsoft, Western Digital and3COM to sell the company its subcomponents. “We’re bucking thetrend as pertains to volume,” says Williams.Williams says he and Lin started the business as a way out of corporateAmerica. “We’re grassroots over here,” he says. “We’rea bunch of hardcore computer people and we want to take an unpretentiousapproach to business.”Pharmaceutical Clinical Associates, Box 2586, Trenton08690. Phil Schirmer, director of business development. 609-586-4141;fax, 609-586-1987.This personnel consulting and placement agency for pharmaceuticalcompanies and their subsidiaries was founded in March by Phil Schirmer.”We have about 10 clients both in the U.S. and Canada,” saysSchirmer.Schirmer majored in psychology at Stockton State, Class of 1989, andworked in the pharmaceutical and clinical research field for eightyears before starting his own firm.Top Of PageLeaving TownCPU, 6 Penns Trail, Suite 105, Newtown PA 18940.Doug Engbrethson, vice president. 215-497-9033; fax, 215-497-9039.Home page: https://www.cpucorp.com.The fulfillment center has more than tripled its space in a move from1,400 square feet at Princeton Meadows Office Center to 5,000 feetin Newtown. Some of the personnel are transferring (the firm has locationsin California and North Carolina) and there will be new hires fora total of 20 workers. Founded as Cassette Productions Unlimited itis known as CPU now because it works with all kinds of duplication,packaging, and fulfillment services for audio and video cassettesand CD-ROMs, and among its chief clients are the pharmaceutical companies,which send out materials for continuing medical education.MDS Pharmaceutical Services, 4 Whippany Road, Morristown07960. Henry Pan MD PhD, president and CEO. 973-898-0149; fax, 973-898-1326.Canada’s largest health science company — sometimes known as Canada’sJohnson & Johnson — opened a contract research organization office(CRO) on Research Way last year (U.S. 1, January 14, 1998). Last weekHenry Pan moved the four-person office to Morristown.Top Of PageDeathsEdwin William Tucker, 38, on May 14. He was the lead guitaristwith a popular Princeton-based band, the Groceries. A celebrationof his life will be Thursday, May 27, from 6:30 to 9 p.m. at the MagicMoon Cafe, 9 North Main Street, Pennington.Cathy Ganges, 57, on May 16. She worked at CCL Label onMarlen Drive.Philip S. Stout, 42, on May 17. He was an animal researchtechnician at Bristol-Myers Squibb.Barbara L. Walczak Evans, 57, on May 18. She worked inthe dental offices of James and William Hipple at 3100 Princeton Pike.Kitty Forward, 64, on May 18. She was the proprietor ofPrinceton Consignment Boutique at the Village Shopper on Route 206.Arnold Ryden, 54, on May 18. He was vice president ofPrinceton Junction Engineering on North Post Road.Sheldon Judson, 80, on May 19. He had been a geology professorat Princeton University.Bambe Mickel Cross, 32, on May 21, after being struckby a car while riding her bicycle. The driver, William H. Oderwald,48, of Titusville, was charged with drunk driving and aggravated manslaughter.Cross was an environmentalist with the Department of EnvironmentalProtection Green Acres Program.John P. Gallagher on May 22. He had worked at the SarnoffCenter and at Princeton University.Martin M. Surasky, 56, on May 23. He had been a floorstockbroker at Dean Witter Co.Top Of PageContracts AwardedThe Women’s Law Project, 1908 Riverside Drive,Trenton 08618. H. Joan Pennington, executive director. 609-394-1506;fax, 609-394-2574.The nonprofit organization providing sliding scale and pro bono legalservices has received a grant of $236,998 from the Office of JusticePrograms in the United States Department of Justice to expand itsservices for domestic violence victims. The funds will be used totrain and appoint attorneys specializing in domestic violence in Mercer,Burlington, and Ocean Counties. Women’s Law Project (WLP) was foundedin 1997 by H. Joan Pennington, under the aegis of the National Centerfor Protective Parents Inc.Hailing the grant as an essential and powerful endorsement of WLP’smission to secure quality legal representation for domestic violencevictims Pennington says, “These women have lost their children,lost their property, and even lost their safety by going into courtunrepresented or representing themselves.” WLP’s attorneys workin collaboration with the shelter in Mercer County operated by Womanspaceand the shelters in Burlington and Ocean Counties operated by ProvidenceHouse.AlphaGraphics Printshops of the Future, 12 StultsRoad, Suite 100, Dayton 08810. David Kovacs, general manager. 609-860-9444;fax, 609-860-9449. Home page: https://www.alphagraphics.com.AlphaGraphics Printshop on Stults Road completed ISO certificationrequirements on April 16, making it the only printing establishmentto conform to the quality standards set forth by the InternationalOrganization for Standardization for industrial businesses and internationalcommerce. New procedures for taking and tracking orders, production,packaging, and delivery will enable the company to maintain qualityand identify and correct errors. “ISO just gives us the extraseal of approval,” says David Kovacs, general manager of the franchise.Late last year the printshop moved from 4095 Route 1 to a larger spaceat 12 Stults Road in South Brunswick. Printing presses, full colorequipment, bindery machines and several new people have since beenadded to the staff.Mastergraphx, 45 Stouts Lane, Suite 14, Box 567,Monmouth Junction 08852-0567. Robert E. Copeland, president. 732-329-0088;fax, 732-329-0024.Mastergraphx, a commercial printing company, has just bought a colorperfecting press. A spokesperson says this should make projects fasterand more efficient.Top Of PageManagement MovesThe Windrows at Princeton Forrestal , 2 AzaleaCourt, Princeton Forrestal Village, Princeton 08540. Paul M. Lewis,executive director. 609-514-0001; fax, 609-514-0005.Paul M. Lewis is now executive director at this retirement communitydeveloped by CareMatrix Corporation of Needham, Massachusetts. Itincludes Chancellor Park (an assisted living community), ForrestalSkilled Nursing and Rehabilitation Center, and independent villasand townhouses. Lewis went to the University of Vermont and has anMBA from Boston University.MediMedia Managed Care LLC, 425 Phillips Boulevard,Suite 100, Trenton 08618. Bradley Kozar, president, COO. 888-724-2302;fax, 609-882-6202.Robert P. Navarro has been appointed senior vice president in chargeof new product and business development at this 23-person agency.With bachelor’s and doctor of pharmacy degrees from the Universityof Minnesota he has been director of pharmacy services at United HealthCareand managing director of the information service bureau of ExpressScripts/Value Rx, one of the largest pharmacy benefit management firmsin the nation. He was co-founder and first president of the Academyof Managed Care Pharmacy and has edited two textbooks.Sarnoff Corporation, CN 5300, Princeton 08543-5300.James E. Carnes, president & CEO. 609-734-2000; fax, 609-734-2040.Home page: https://www.sarnoff.com.For the first time the Sarnoff Corporation has a chief financial officer,James S. Crofton. As CFO and vice president, he will direct financialand purchasing function and will also be responsible for internalcomputer services. An alumnus of Michigan State with an MBA from theUniversity of Michigan, he has been chief financial officer at EAIndustries and spent more than 20 years at Unisys Corporation.Corrections or additions?This page is published by PrincetonInfo.com— the web site for U.S. 1 Newspaper in Princeton, New Jersey.
