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 (http://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 http://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.
Route 1, Box 300, Princeton 08543-0300. Dorothea Coccoli Palsho, president.
609-520-4000; fax, 609-520-4010. Home page: http://www.djinteractive.com.
At the Base 10 shareholders’ meeting last week chief
executive Thomas E. Gardner had asked for approval to float additional
shares of common stock, but that move was rejected by shareholders
who had earlier forced Gardner to revamp his board (U.S. 1, May 19).
Not to worry. "It becomes a moot point," says Gardner. "The
extra stock was not for existing management but to incent the management
of any acquisitions we might make."
He had been talking to two acquisition possibilities: Select Software
Tools and Almedica Technology Group. Now he has dropped the former
and is continuing talks with the latter. "We are confident that
this transaction will create a solid platform for future growth and
The board shakeup took place as scheduled. "We have now had a
board meeting and initial orientation sessions with the two new directors
and are pleased with the way everyone is coming together behind the
common goal to increase shareholder value," says Gardner.
Box 3151, Trenton 08619-3151. Thomas Gardner, president, CEO, co-chairman.
609-586-7010; fax, 609-586-1593. Home page: http://www.base10.com.
Some 80 Carnegie Center children will find themselves
under new management on July 1. The Family Resource Center, a nonprofit
doing business as Carnegie Family Center, has notified parents that
a new child care provider will assume the lease — children may
stay at the Carnegie Center or move to the Lawrence Day School, another
Family Resource Center facility, on Carter Road. Meanwhile Harsh and
Sonia Chadha, owners of eight central New Jersey locations of the
national franchise Kiddie Academy, have been invited by landlord Boston
Properties to provide services at the Carnegie location.
"If we do assume operation of the school," says Chadha, "we
will do everything to assure the transition is as seamless as possible."
He hopes to hire the same teachers, saying that his firm "provides
a positive and fun work environment with good pay and benefits. Today
we take care of 1,000 families a day, and we have in excess of 200
staff 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 Kiddie
Academy is based in Bel Air, Maryland, and has 61 units in 11 states
The Carnegie Center has been aware for some time that the Family Resource
Center was struggling to meet its rent, and it had offered the site
to at least one other area provider — which turned it down on
the grounds that the facility is simply too small for profitability.
Asked how he intended to make a profit, Chadha says his operation
has "a lean administration." He outsources payroll and accounting
and he and his wife handle all other administrative duties.
"We are the premium provider of daycare," says Chadha. "Our
curriculum includes computers, music, dance, and we even teach Spanish."
A program called Parent Watch lets parents use the Internet to get
a camera’s eye view of their child’s classroom.
A native of northern India, where his father was a physician, Chadha
went to the esteemed Doon School (comparable to Eton in Great Britain)
and the University of Delhi (Class of 1976) before earning his MBA
at the Wharton School, working at Dun and Bradstreet, and then going
into business on his own in the early 1990s. "Then child care
was an industry with a poor reputation. All the negatives that did
exist presented a new opportunity to make a difference to the community
that we serve. Taking care of children is one way of giving back to
society," 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. "The
intention of the new operator is to keep the rates consistent and
keep as many of the staff as would like to stay."
Road, Suite 103, Princeton Junction 08550. Ajay Chopra, president.
609-799-0622; fax, 609-799-0662. Home page: http://www.isgconsulting.com.
The computer consulting firm moved with 20 people from Station Drive
to take up most of one floor at 55 Princeton-Hightstown Road. Not
to 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 from
Lucent Technologies and Citibank to small trucking companies and the
school administration for Green Bay, Wisconsin.
A, Level 2, Pennington 08534. 609-737-7976; fax, 609-730-8296.
After three years working from a home office, Gary Mertz has moved
to Pennington’s Main Street office center. Mertz, 42, grew up in Bergen
County, where his mother is a gerontologist and his father worked
for National Industries for the Blind. As a result of vocational testing
he worked as a carpenter for four years, then went to North Carolina
State, and studied architecture at Drexel. While working for five
years with Johnson Jones at 20 Nassau Street, one of his major projects
was a counseling center at Montclair State. His wife, Sarah, is associate
executive director for the American Red Cross on Alexander Road.
Mertz’ current projects include an addition to the Lakeview Child
Center in Hamilton and the just-finished NovaSoft building on Quakerbridge
Road (U.S. 1, May 12). His work on Tom and Mary Evslin’s home on Library
Place is featured in Better Homes & Gardens this month, and he and
Sarah hope their dream house will also end up in those pages. But
first they have to find a piece of land.
Banerjee, president. 609-921-7890; fax, 609-921-7820. Home page:
Sujoy Banerjee has moved his computer consulting and training firm,
once located on Roszel Road, to a 20-acre wooded site near Princeton
Airport with an indoor swimming pool and a tennis court. "The
facility is ideal for clients, vendors, and most important, our employees
with 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 this
worksite, and when her husband was transferred to Washington, D.C.,
she was able to continue to work on projects for Microcon.
Tie Dyes to Ties
Monmouth Junction 08852. Bruce Lin, general manager. 732-355-9770;
fax, 732-355-9774. Home page: http://www.naspc.com.
Network Access Systems, an assembler and reseller of network computer
systems, has opened an office at 45 Stouts Lane in Monmouth Junction.
The company sells nearly 300 network-ready systems a month to resellers
in the area. Scott Williams, sales manager, says the business has
been growing rapidly. "A year ago we were in tie-dyes," he
says, "now we’re in ties."
After a brief stint working for area computer companies, Williams
co-founded the business a year ago with Bruce Lin, whom he met while
attending Rutgers University. Now they have 15 employees and approximately
50 clients in the area.
Despite its youth and size, Network Access Systems has been able to
convince major suppliers like Intel, Microsoft, Western Digital and
3COM to sell the company its subcomponents. "We’re bucking the
trend as pertains to volume," says Williams.
Williams says he and Lin started the business as a way out of corporate
America. "We’re grassroots over here," he says. "We’re
a bunch of hardcore computer people and we want to take an unpretentious
approach to business."
08690. Phil Schirmer, director of business development. 609-586-4141;
This personnel consulting and placement agency for pharmaceutical
companies and their subsidiaries was founded in March by Phil Schirmer.
"We have about 10 clients both in the U.S. and Canada," says
Schirmer majored in psychology at Stockton State, Class of 1989, and
worked in the pharmaceutical and clinical research field for eight
years before starting his own firm.
Doug Engbrethson, vice president. 215-497-9033; fax, 215-497-9039.
Home page: http://www.cpucorp.com.
The fulfillment center has more than tripled its space in a move from
1,400 square feet at Princeton Meadows Office Center to 5,000 feet
in Newtown. Some of the personnel are transferring (the firm has locations
in California and North Carolina) and there will be new hires for
a total of 20 workers. Founded as Cassette Productions Unlimited it
is known as CPU now because it works with all kinds of duplication,
packaging, and fulfillment services for audio and video cassettes
and CD-ROMs, and among its chief clients are the pharmaceutical companies,
which send out materials for continuing medical education.
07960. Henry Pan MD PhD, president and CEO. 973-898-0149; fax, 973-898-1326.
Canada’s largest health science company — sometimes known as Canada’s
Johnson & Johnson — opened a contract research organization office
(CRO) on Research Way last year (U.S. 1, January 14, 1998). Last week
Henry Pan moved the four-person office to Morristown.
with a popular Princeton-based band, the Groceries. A celebration
of his life will be Thursday, May 27, from 6:30 to 9 p.m. at the Magic
Moon Cafe, 9 North Main Street, Pennington.
technician at Bristol-Myers Squibb.
the dental offices of James and William Hipple at 3100 Princeton Pike.
Princeton Consignment Boutique at the Village Shopper on Route 206.
Princeton Junction Engineering on North Post Road.
at Princeton University.
by 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 Environmental
Protection Green Acres Program.
Center and at Princeton University.
stockbroker at Dean Witter Co.
Trenton 08618. H. Joan Pennington, executive director. 609-394-1506;
The nonprofit organization providing sliding scale and pro bono legal
services has received a grant of $236,998 from the Office of Justice
Programs in the United States Department of Justice to expand its
services for domestic violence victims. The funds will be used to
train and appoint attorneys specializing in domestic violence in Mercer,
Burlington, and Ocean Counties. Women’s Law Project (WLP) was founded
in 1997 by H. Joan Pennington, under the aegis of the National Center
for Protective Parents Inc.
Hailing the grant as an essential and powerful endorsement of WLP’s
mission to secure quality legal representation for domestic violence
victims Pennington says, "These women have lost their children,
lost their property, and even lost their safety by going into court
unrepresented or representing themselves." WLP’s attorneys work
in collaboration with the shelter in Mercer County operated by Womanspace
and the shelters in Burlington and Ocean Counties operated by Providence
Road, Suite 100, Dayton 08810. David Kovacs, general manager. 609-860-9444;
fax, 609-860-9449. Home page: http://www.alphagraphics.com.
AlphaGraphics Printshop on Stults Road completed ISO certification
requirements on April 16, making it the only printing establishment
to conform to the quality standards set forth by the International
Organization for Standardization for industrial businesses and international
commerce. New procedures for taking and tracking orders, production,
packaging, and delivery will enable the company to maintain quality
and identify and correct errors. "ISO just gives us the extra
seal of approval," says David Kovacs, general manager of the franchise.
Late last year the printshop moved from 4095 Route 1 to a larger space
at 12 Stults Road in South Brunswick. Printing presses, full color
equipment, bindery machines and several new people have since been
added to the staff.
Monmouth Junction 08852-0567. Robert E. Copeland, president. 732-329-0088;
Mastergraphx, a commercial printing company, has just bought a color
perfecting press. A spokesperson says this should make projects faster
and more efficient.
Court, 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 community
developed by CareMatrix Corporation of Needham, Massachusetts. It
includes Chancellor Park (an assisted living community), Forrestal
Skilled Nursing and Rehabilitation Center, and independent villas
and townhouses. Lewis went to the University of Vermont and has an
MBA from Boston University.
Suite 100, Trenton 08618. Bradley Kozar, president, COO. 888-724-2302;
Robert P. Navarro has been appointed senior vice president in charge
of new product and business development at this 23-person agency.
With bachelor’s and doctor of pharmacy degrees from the University
of Minnesota he has been director of pharmacy services at United HealthCare
and managing director of the information service bureau of Express
Scripts/Value Rx, one of the largest pharmacy benefit management firms
in the nation. He was co-founder and first president of the Academy
of Managed Care Pharmacy and has edited two textbooks.
James E. Carnes, president & CEO. 609-734-2000; fax, 609-734-2040.
Home page: http://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 financial
and purchasing function and will also be responsible for internal
computer services. An alumnus of Michigan State with an MBA from the
University of Michigan, he has been chief financial officer at EA
Industries 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.