Japan may abandon high-tech TVIn what could signal the end...

BUSINESS DIGEST

February 23, 1994

Japan may abandon high-tech TV

In what could signal the end of one of Japan's most ambitious technology projects, a senior telecommunications regulator said yesterday that the government was considering abandoning the nation's high-definition television system.

The announcement by Akimasa Egawa, a top official in the Ministry of Posts and Telecommunications, was an admission that the HDTV system that was once a symbol of Japan's industrial prowess had fallen technologically behind developments in the United States.

Mr. Egawa said the ministry was considering moving from the existing system, which uses analog technology, to one using digital technology, as is being developed in the United States.

EA signs Army Corps contract

EA Engineering, Science and Technology Inc. said yesterday that it had signed a contract worth as much as $75 million with the Baltimore District of the U.S. Army Corps of Engineers to provide hazardous, toxic and radioactive waste environmental engineering services.

The Hunt Valley-based company's stock surged $5.75 yesterday, to close at $26.25.

Vance asked to mediate for Macy

A federal judge yesterday appointed former Secretary of State Cyrus R. Vance to help speed up the complex talks aimed at getting retailer R. H. Macy & Co. out of bankruptcy court.

Judge Burton R. Lifland took the unusual step of appointing the veteran diplomat even though neither side requested a mediator.

Judge Lifland's decision came during a hearing in U.S. Bankruptcy Court in Manhattan, where Macy won an extension to Aug. 1 to have the exclusive right to file a reorganization plan.

IHS to run 8 care facilities

Integrated Health Services Inc. of Owings Mills yesterday signed an agreement to temporarily manage eight long-term care facilities in the Northeast.

In the agreement with IFIDA Health Care Group Inc., Integrated will lease and manage the facilities by the end of 1994 and retains an option to purchase them. The homes, in Pennsylvania, New Jersey, Massachusetts and Delaware, have 1,174 beds and 1992 revenue of $41 million.

Integrated operates nursing homes in 27 states.

Canon to use IBM microchip

IBM announced yesterday that Canon Inc. had agreed to use the Power PC chip in future generations of personal computers, giving the new microchip a welcome, if limited, endorsement.

The Japanese company is one of the few computer makers beyond the three companies that jointly developed the Power PC -- IBM, Apple Computer Inc. and Motorola Inc. -- to commit to using the new chip.

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