Corrections or additions?
This articles by Barbara Fox were published in U.S. 1 Newspaper on September 29, 1999. All rights reserved.
An Irish electronic commerce company with a Princeton
R&D lab did an initial public offering on Nasdaq on Friday, September
24. The starting price for 5.8 million shares of Trintech (TTPA) was
$11.55 and the stock closed September 27 at just under $15.
Kevin McGuire, the oldest of three brothers who founded this company,
recruited former colleagues at Princeton Plasma Physics Lab to help
open the R&D office here (U.S. 1, December 3, 1997), and it has expanded
to 16 employees in 4,172 square feet on Independence Way. Its latest
product is ezCard, a virtual version of a consumer’s plastic credit
or debit card that resides on the PC and "auto-populates"
(fills out) online merchant payment forms.
The new stock is being managed in the United States by Deutsche Banc,
Alex.Brown Inc., BancBoston Robertson Stephens Inc., and Donaldson
Lufkin & Jenrette Securities Corp.
08540. Kevin McGuire, operating manager. 609-720-9000; fax, 609-720-1020.
Home page: http://www.trintech.com.
After six years of developing digital speech and audio
technologies. Voxware has sold its speech coding business to Lucent
for $5.1 million in cash. Now it will concentrate on making speech
recognition-based industrial automation products for such applications
as warehouse picking, receiving, inventory, and manufacturing inspection.
The firm has 34 employees and 9,000 square feet on College Road East.
Before it went public in October, 1996, Voxware had focused on consumer
CD-ROM products. Then it targeted Internet telephones (U.S. 1, July
16, 1997) but found that market lagged behind expectations. In 1997,
when Bathsheba J. Malsheen replaced co-founder Michael Goldstein as
CEO, the company was burning through the $20 million raised from the
IPO at a rate of $1 million per quarter. Malsheen changed the focus
to original equipment manufacturing (OEM) clients instead of end-user
applications and, when the company bought Verbex Voice Systems, began
to concentrate on warehouse systems.
"The cash from the Lucent transaction will be instrumental in
funding marketing and product development initiatives in our industrial
speech recognition products business, which we have been pursuing
since our acquisition of Verbex Voice Systems in February," says
Voxware’s most recent warehouse product is the Mobile Voice Pac, a
headset with a boom microphone for use in a refrigerated warehouse
where workers need to keep their hands and eyes free.
08540. Bathsheba J. Malsheen, president and CEO. 609-514-4100; fax,
609-514-4101. Home page: http://www.voxware.com/.
8068, Trenton 08650. Scott Sloman, general manager. 609-278-2757;
fax, 609-278-2756. Home page: http://www.sovereignbank-arena.com.
The Electric Factory Concerts and Metropolitan Entertainment Group
have formed a joint partnership to promote concerts at this 10,000-seat
arena, managed by GFS of Tampa, Florida. Among the first concerts
is John Mellencamp on October 22.
Simchon Faigler, vice president, technology. 609-655-5105; fax, 609-655-5114.
Home page: http://www.cgen.com.
This bioinformatic research and development company, profiled in U.S.
1 on June 2, was included in a September 20 New York Times article:
"Compugen, after building a successful business selling bioinformatics
tools, has recently added a genomics thrust, selling novel gene variants
the Compugen researchers have identified with the company’s tools."
Suite 280, Mt. Laurel 08054. Maxine Ballen, president. 856-787-9700;
fax, 856-787-9800. Home page: http://www.NJTC.org.
Maxine Ballen has moved the eight-person office of the New Jersey
Technology Council to Mt. Laurel; phone and fax are new. The statewide
group provides networking, information, and services for the state’s
The NJTC has retained one office at its Princeton location, at the
law firm of Buchanan Ingersoll, but this office will be staffed only
for meetings and not on a regular basis. "As the council grows,"
said Ballen in a letter to members, "our members are spread throughout
the Innovation State. Thus opening an office in South Jersey only
Princeton 08543-5321. Donald R. Richards, managing partner. 609-951-8800.
Almost all of the nearly 50 employees vacated the regional office
at 202 Carnegie Center and relocated to Ernst & Young’s Iselin office.
The remaining crew is scheduled to leave by October 1.
08540. Leonor Cubillos-Brown, owner, marketing manager. 609-921-7466.
This small flower brokerage business has moved to Florida. The new
number is 305-594-1038.
Road, Hamilton 08619. Tacio M. Carvalho, president and CEO. 609-584-5590.
Home page: http://www.memltd.com.
The global financial information services provider, founded in 1996,
officially closed its offices on September 3. All questions regarding
accounts are directed to Chris Rogers, 609-915-2571. The mailing address
is now Box 28, Titusville, 08560.
It published an online newsletter about worldwide emerging markets
with real-time news, pricing, and research services and compiled fundamental
financial information on publicly traded emerging markets companies.
engineer at the Sarnoff Corporation.
Electric and at Sam’s Club at Nassau Park.
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