Stock News: Squibb

Contracts Awarded

Online Payment Contracts

Expansions

Management Moves

Name Changes

Deaths

Corrections or additions?

Published in U.S. 1 Newspaper on April 26, 2000. All rights

reserved.

Down Sizing for Base Ten Systems

E-mail: MelindaSherwood@princetoninfo.com

In search of smaller quarters, Base Ten Systems, the

computer software developer at One Electronics Drive, hired Segal

Commercial Real Estate to lease its 81,600 square foot office

building (E-mail: segalinc@aol.com).

Since the company spun off a defense division, Strategic Technology

Systems, nearly two years ago, Base Ten has been scaling back. It

now has 40 employees and occupies a portion of the one-story building

in Hamilton Township. "It is way too much space for them,"

says Charles Segal, the commercial real estate contact (609-882-3737).

The building is one mile from the Sloan Avenue interchange of I-295,

only 300 feet from the main fiber optic trunk line, and near the

Northeast

Corridor Main Line of Amtrak. Segal says the location is ideal for

high-tech, telecom, or E-commerce companies. He is marketing it at

$10 per square foot net on an as-is basis, divisible to about 35,000

square feet.

Base Ten has not yet located a new facility. "If we were to sign

a lease today, Base Ten would have to find a new space, so we’re

saying

a minimum of four months," says Stephen Cloughley, the company’s

CEO.

Base Ten Systems Inc. (BASEA), 1 Electronics Drive,

Box 3151, Trenton 08619-3151. Stephen Cloughley, president, CEO.

609-586-7010;

fax, 609-586-1593. Home page: www.base10.com.

Top Of Page
Stock News: Squibb

On April 18 Bristol-Myers Squibb ran a full page

advertisement

in the New York Times for its hypertension drugs. On April 19 it

announced

it would have to delay an FDA filing for Vanlev, a much-touted new

formula that can lower blood pressure 40 percent more than competitive

drugs. The cause for worry: Four of 7,000 patients experienced

swelling

of the face, throat, and tongue.

This damaging delay follows on the heels of another delay, last month,

for Bristol’s new colon cancer drug Orzel. The company says it can

effectively restructure the Vanlev trials and points to other

products,

such as a diabetes drug, in the pipeline. But the news buffeted the

stock so severely that trading was temporarily halted. Now there is

talk about the firm merging with Eli Lilly or Schering Plough.

Bristol-Myers Squibb Company (BMY), Route 206 and

Provinceline

Road, Box 4000, Princeton 08543-4000. Richard J. Lane, president,

worldwide medicines group. 609-252-4000; fax, 609-252-6790. Home page: www.bms.com

Top Of Page
Contracts Awarded

Delsys Pharmaceutical Corporation, 5 Vaughn Drive,

Suite 305, Princeton 08540. Martyn Greenacre, president and CEO.

609-720-0033;

fax, 609-520-6692. Home page: www.delsyspharma.com.

Delsys has just received $26 million in financing from inside

investors plus the venture capital firms Rothschild and Starr, says William

Crouse of Healthcare Ventures on Nassau Street.

On April 19 the firm got a good report on two new dosage forms using

the Accudep electrostatic dry powder deposition process.

Delsys, a spinoff of the Sarnoff Corporation, is a privately-held

developer of automated drug manufacturing and drug delivery systems

through electrostatic dry powder (www.sarnoff.com).

NeoStrata Company Inc., 4 Research Way, Princeton

08540. Richard H. Wildnauer, president. 609-520-0715; fax,

609-520-0849.

Home page: www.NeoStrata.com.

In its fight to get major pharmaceutical companies to license its

alpha-hydroxy acid technology, NeoStrata has chalked up another win

— Estee Lauder. Neostrata will supply the ingredient to be used

in new Estee lauder skin care products. These companies have also

licensed part of NeoStrata’s technology: Avon, Bristol-Myers Squibb,

Erno Lazlo, and Genesis Pharmaceutical, a subsidiary of Unilever

that makes Chesebrough-Ponds and Elizabeth Arden).

The co-founding scientists are Eugene Van Scott and Ruey Yu. Van

Scott,

now 70, had been director of the National Cancer Institute at the

National Institutes of Health. Ruey Yu is a Taiwan native and doctor

of oriental medicine who had been associate professor of chemistry

at Temple Skin and Cancer Institute.

Top Of Page
Online Payment Contracts

Two leaders in the electronic payment space, Princeton

eCom Corporation and Secure Commerce Services (www.paytrust.com), have struck

potentially lucrative partnership deals. In the business to business

space, Princeton eCom Corporation, the College Road-based company

founded by Donald Licciardello, has signed an agreement with United

Parcel Service to offer electronic bill payment and presentment

services. Along with another Internet billing and payment company, New

Hampshire-based Bottommline Technologies, Princeton eCom formed a strategic alliance

with the financial-services subsidiary of the package delivery

company.

This alliance will contribute to UPS’ overall plan to do more than

just deliver packages to high-volume business-to-business customers.

UPS customers will be able to send electronic payment data through

the Princeton eCom/UPS system and into another firm’s accounts

receivable

system. This project is in the pilot stage now but will be available

on a wider scale next year.

Meanwhile Secure Commerce Services (www.paytrust.com) has a new

partner

in the B to C (business to consumer space). It signed its second

electronic

bills service provider, edocs Inc., to deliver electronic bills from

some of the world’s largest bill and statement issuers in the telecom,

utility, financial services, insurance, and credit card industries

to its subscribers. It had already signed on www.billserv.com.

Princeton eCom Corporation, 650 College Road,

Princeton

08540. Donald C. Licciardello, CEO. 609-924-1244; fax, 609-606-3297.

Home page: www.princetonecom.com.

Secure Commerce Services, 29 Emmons Drive, Suite

B-30, Princeton 08540. Ed McLaughlin, president and CEO. 609-720-1818;

fax, 609-720-1819. Home page: www.paytrust.com.

Top Of Page
Expansions

The Credo Group, 741 Alexander Road, Princeton

08540. Kevin McKenna, co-chairman. 609-750-2640; fax, 609-750-9213.

Home page: www.thecredogroup.com.

The Internet marketing and advertising agency was in shared space

at 707 Alexander in the Daily Plan-It and moved to 741 Alexander in

December, next to Easy Graphics. With 15 employees it has such

insurance,

financial, and entertainment clients as MTV Networks, TransUnion,

Globe Life, and VerticalOne.

Top Of Page
Management Moves

Princeton University, 1 Nassau Hall, Princeton

08544. Harold Shapiro, president. 609-258-3000; fax, 609-258-1294.

Home page: www.princeton.edu.

After 15 years as vice president for computing and information

technology

at Princeton University, Ira Fuchs is leaving to be vice president

for research in information technology at the Andrew W. Mellon

Foundation.

"I will be in a position to look for the most interesting and

emerging technologies and bring them to fruition," says Fuchs.

He will continue to work one day a week at the university.

Rider University, College of Business

Administration,

2083 Lawrenceville Road, Lawrenceville 08648. Mark Sandberg, dean.

609-896-5152; fax, 609-896-5304.

All the business programs at the College of Business Administration

have been accredited on both undergraduate and graduate levels by

the International Association of Management Education (AACSB). Newly

accredited are the accounting programs. Only one other institution

in New Jersey — Rutgers — has accredited accounting programs.

AACSB is the same board that recently gave accreditation to the

College

of New Jersey’s business programs. Seven New Jersey institutions are

among the 366 colleges that have achieved this status. Rider gained

accreditation in 1993.

Top Of Page
Name Changes

Atlanticom Technologies, 572 Whitehead Road,

Trenton

08619. David Pfiester Jr., president/CEO. 609-586-2525; fax,

609-586-0441.

Home page: www.atlanticbp.com.

The computer service company has changed its name from Atlantic

Business

Products. It has 160 people overall and more than $44 million in

revenues

last year. Among its new divisions are network services, computer

products, E-strategies, DataComm systems, and network cabling. The

firm began by selling office products.

Residence at Forsgate, 319 Forsgate Drive,

Jamesburg

08831. Mary Majors, administrator. 732-656-1000; fax, 732-656-0081.

Formerly known as Kapson Senior Quarters and then as Atria Senior

Quarters, this assisted living residence is now being managed by some

of the original investors, Hal and Bud Peskin, developers of Monroe

Village. Atria is no longer managing the facility.

StorageApps, 3 Princess Road, Lawrenceville 08648.

Dan Gittleman, chief executive. 609-844-0900; fax, 609-844-0799.

www.raidpower.com.

This firm, formerly known as Raid Power, does storage management

applications

and appliances for managing and enhancing enterprise data.

Top Of Page
Deaths

Kathleen Carla Barcellona, 50, on April 16. She had worked

for American Home Products, Princeton BMW, and Mercer County College.

Angelina McGhee, 37, on April 18. She was a food preparer

at Acme Market in Lawrenceville.

James E. Varanyak 66, on April 22. He was an executive

assistant for the state office of aviation and author of the Aircraft

Accident Handling Procedures Manual.


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