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Published in U.S. 1 Newspaper on June 28, 2000. All rights
Inacom Goes Belly Up
Several dozen people in the Inacom office on Lenox
Drive found themselves without a job last week. With 5,000 employees
worldwide, and once the largest corporate reseller of computers,
had tried to reshape itself as a technology services company.
Last week when Inacom filed for Chapter 11 bankruptcy it shuttered
its doors as if it were a mere mom and pop store, leaving both its
workers and its clients out in the cold. Employees were instructed
by voice mail tapes from the home office in Atlanta to pick up
property on Thursday, June 29, when Pinkerton guards would be on the
site. As for its high profile clients — many in the Fortune 1000
category — other companies are scrambling to pick up those
"We are looking to assist previous Inacom customers," says
Jack Chardi, product marketing manager of Alpha Microsystem, a Santa
Ana, California-based firm with a Cranbury-based help desk
Inacom owned ValCom, which at one point had taken over Clancy Paul
computers, the business founded by Glenn Paul (see story, page 47).
Paul eventually concluded that he could not make money in the retail
computer business, and the once deep-pocketed Inacom apparently
the same reality as a reseller.
As reported by John Moore of www.smartpartnermag.com Inacom listed
assets of $956.6 million and debts of $560.7 million, including a
debt of $94 million to Compaq, which recently bought Inacom’s
units. Other top creditors are Computer Associates, Hewlett Packard,
Inacom’s former chairman William Fairfield (who claims $9 million),
Scient Corp. (a web integrator), and the Doral Golf Resort and Spa.
105, Lawrenceville 08648. 609-896-0005; fax, 609-896-9778.
This Wednesday, June 28, Mary Ann Soto will replace
Steven LaMarca as Princeton postmaster. She has been working as the
officer in charge and was appointed to the position in March.
the great competition that the post office has I’m going to try to
keep our business going, expand it, and give people the service they
deserve," says Soto, who plans to rely on more automated mail
systems. "I hope people are seeing some change in that direction
already." LaMarca is now postmaster in Marlboro.
The former postmaster of both Succasunna and Hackettstown, Soto grew
up in Elizabeth and studied psychology and business at Union County
Community College. She started as a clerk and carrier in the Carteret
Post Office in 1979. She became superintendent of operations at the
Union Post Office in 1990, and assumed her first postmaster position
in 1993 in Succasunna, Morris County. In 1997 she became postmaster
of Hackettstown. Since Princeton was without a postmaster, she was
offered a position as officer in charge, or acting postmaster, in
November in 1999.
Soto is married and has a daughter in law school.
Road, Princeton 08540-9998. Mary Ann Soto, Princeton postmaster.
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