Video providers to aid Bell testBell Atlantic Video...

BUSINESS DIGEST

March 09, 1995

Video providers to aid Bell test

Bell Atlantic Video Services, the programming subsidiary of Bell Atlantic Corp., announced yesterday that it has signed up more than 100 media companies to provide content for a market test of its Stargazer interactive video service.

Among the video providers for Stargazer will be most of Hollywood's major movie studios, the three leading broadcast networks, Washington-area commercial TV stations, public broadcasting stations, cable television channels and independent producers. The trial will begin in Fairfax County, Va., this spring.

Air-Cure Environmental posts loss

Air-Cure Environmental Inc. of Annapolis yesterday reported a loss of $121,000, or 2 cents a share, for the fourth quarter of 1994, which ended Dec. 31. A year earlier the company, which makes air pollution control devices, had a profit of $266,000, or 4 cents a share. Quarterly revenues were up 21.5 percent, to $12.4 million. The annual loss was $298,000, or 4 cents a share.

GTS Duratek profitable again

Returning to profitability, Columbia-based GTS Duratek yesterday reported net earnings of $257,000 in 1994, or 3 cents a share. The technology company, whose services include environmental cleanup work, lost $1.29 million in 1993. Sales from continuing operations totaled $35.97 million last year, compared with $33.5 million for 1993.

Intuit mails revised software

Intuit Inc. has mailed about 20,000 copies of its revised MacInTax and TurboTax software since disclosing a flaw in the programs last week, a company executive said yesterday. Intuit said last week that the errors would affect only 1 percent of users who fall into one of several special tax situations or who import data from Intuit's Quicken program into MacInTax, but it is offering replacement software free to any user who requests it.

Bank raises stake in 1st Fidelity

Banco Santander has raised its stake in First Fidelity Bancorporation to 26.60 percent of the company's outstanding common shares from 25.39 percent. The Spanish banking company purchased 823,740 First Fidelity shares at $48.02 to $50.19 a share between Feb. 13 and March 6, according to a Schedule 13D filed yesterday with the Securities and Exchange Commission. Banco Santander now holds 21.38 million common shares in Newark, N.J.-based First Fidelity, which bought Baltimore Bancorp last year.

Baltimore Sun Articles
|
|
|
Please note the green-lined linked article text has been applied commercially without any involvement from our newsroom editors, reporters or any other editorial staff.