Oklahoma City Times (Oklahoma City, Okla.), Vol. 93, No. 40, Ed. 1 Thursday, April 8, 1982 Page: 37 of 156
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/
Winds of fortune behind People Express Airlines Inc
f
December 31, sales were $46.4 mil- be said to run the gamut from A to P facilities.
Marketplace
h
TIMES
2-for-1 sales
Extension
11 1J 1 II III
Today's
LU
I
I II 11.L1
Cost of Money
1 Yr. Ago
Today
1 Wk. Ago
not so
easy
reasonable
T.B. stands for Treasury Bills.
947-0621
Witches
I
Agent for Mayflower ICC-MC-2934
' Use Classified Ads — Dial 235 6722
Georgia Supreme Court
ruling granting tax-ex-
empt status to a church
of "witches" and "war-
The
Corrazzndrrnz,8uywanqrpnh"aranacanin"arfor*kphn-on
daak, and ponsar stand.
SOUTHWEST COMPUTER CONFER-
urged
A DrSON or TANOV conpoRATON
.1
MchIn.9 am -7 p.m. Sat 9 •* 6p.m.
Timeie.
0
art Statler.
with you at whatever
MI and Ges
««.
I
N
I
MOVING
■
‘A
Radio /hack
Oklahoma’s Most
Trusted Mover For
More Than 30 Years
ruling
praised
ATLANTA(AP) -
City board approves
25 oil, gas well sites
The Oklahoma City kU
show
cause.”
The
16 50
1200
14 00
13 58
14 06
14 30
1363
13.13
13.170
The spectrum of new issues and
secondaries now in the works could
sound better in conver-
sation than they turn
out in practice, and
1650
1200
15.38
1409
14.51
1453
1387
13.04
13.493
17 00
1300
1600
14.57
1465
14.13
13.27
1045
12.328
Are you getting t
most for your money ?
Masters
Mayflouer
In May, Rooney Pace will offer 1.2
million shares of Campa MM lne. at
$10 a share. The prospectus de-
scribes the company as follows:
"CompuMed, Inc. designs, develoos
and manufactures computer-based
medical electronic systems for use
of primary care physicians, clinics,
hospitals and industrial health care
warrant. This videotape program
producer's library of sex films dis-
tributes to 93,000 subscribers and
eight television pay outlets.
CALL TODAY FOR A
FREE ESTIMATE
This is a hospital supply situation ;1
which has not been widely re-
searched by Street houses. That
may change, now that the issue has
caught the eye of speculators, who
see a price objective of $18 to $20
within the next twelve months.
facing air carriers In the 1980s
Shares of Evans A Sutherland
Computer Corp. (NASDAQ-ESCC)
have had a 5 2-week trading range
lion with net earnings of $9.4 million
— a profit margin of 20.3 percent,
or $1.07 per share, with $1.20 prob-
able this year.
Prime rate......
Discount rate....
Fed. Funds......
3 mon. T.B......
6 mon. T B......
Treas note 2 yr. .
Treas. bond 30 yr.
Municipal bond ..
6 mon. save cert.
The company manufactures spe-
” cial-purpose computers that gen-
erate visual presentations from a
digital model stored in memory.
For the fiscal year ending last
• 7627 SW 74.
• am aw tit.
• 7627 MW 74.
• 713 BW 74.
• 7111BW 74.
• 6601 MW 14.
• MM aw 74.
• 6608 a Reek well.
• mm a Reekwell.
• 9M4 a Ceunell.
• l4Mawat.
Earnings per share have tripled
la two years and sales have doubled.
The firm’s financial position is
strong, with 70 percent of assets
supported by equity and plenty of
cash.
across
country?
i ipandrd < ompute aw momman
Sooner fashon Maa
85328W29.
• statex Petreleum
from $17% to $40 and are now mak-
ing a long-term base at the $21-$22
level. This is a fascinating opera-
tion.
Our moving counselors will be happy
to discuss your local or long-dis-
tance move and give you a no-obli-
gation moving estimate Put your
trust in Masters Mayflower ... a
mover you know
The capacity expansion under-
gone by PEXP was probably the
fastest for a start-up in air passen-
#7407.10234
miwdmvkdmh3
ger transport history. Fourteen
planes were put in service in the
first nine months of operation.
People Express uses a low fare
strategy to trigger market expan-
sion as passengers are lured from
other means of transportation. The
company will be a strong competi-
tor in the deregulated environment
nies:
• Ports M Call OM Ce.,
ENCE APRIL 13 15 MYRIAD CON-
_ __, VENTION CENTER (FREE EXHIBIT
COMPUTER CE^JTERJ PASSES AT ALL LOCAL RADIO
Service
so the computer you
like best probably
won't accept all of the
software you want to .
use. Sometimes there
Consider what you are ways around this,
could do with a typical The Apple II Plus
Steel’s Best Bets
Evans A Sutherland Computer
Corp.
every system has its
foibles. Take nothing
for granted.
The two great virtuo-
so American machines,
the Apple II and the Ra-
dio Shack TRS-80 Mod-
el III, both have an as-
tounding range of soft-
ware, but they are
relatively old designs.
Remember that this in-
dustry started in 1977
when the first home
computer, the Commo-
dore PET, came on the
market. The Apple II
also was introduced in
1977 and the TRS-80 in
1980. They are both
tested and true, and be-
tween them they ac-
count for nearly half
the market.
But the new arrivals
in one sense have the
drop on these veterans.
IBM has a superlight
keyboard that balances
on your lap like a
zither; the recent Japa
nese entries, NEC and
Panasonic, have been
able to achieve signifi-
cant design improve
ments by waiting and
watching.
If you Just want to
get your fingers wet,
you can always sign up
for one of the ever-in-
creasing number of
computer courses of-
fered in almost every
city In the country.
Many colleges have ex-
tension courses specifi-
cally devoted to select-
ing a home computer.
Another approach is
to buy one of the cheap-
er, less powerful mod-
els on the market and
see if you take a shine
to the hardware.
System as Show881 64
become the lowest cost operator in
the U.S. airlines Industry (measured
by cost per available Mat mile
flown).
p 4
toe., 19912 Stella Read
(NE 140) and 20028 Stella
kead (« 140).
• Heury (
Ine,, 18522 BE
✓ Te Walker Cerp.,
then:
The Consumer Prod- — Compose letters
wet Safety Commission and text using a word
took the first steps processing program
Wednesday toward set- that will correct your
ting mandatory federal spelling and usage as
safety standards for you write, and then
the chests, but some print out a letter-quali-
commissioners noted ty copy in seconds
the threat of federal ac- — Learn to play the
tion was a means of flute. The computer
forcing toymakers to will flash a measure of
set their own voluntary music before you, let
standard. you play the notes, pipe
the tune from an inter-
"Proceeding along M| speaker, and then
the mandatory route tailor-make a set of ex-
will hopefully provide ercises to drill you on
the pressure to get the your weaknesses,
voluntary standard," _ Play chess. Your
said Commissioner Stu- machine will tangle
°
M " Before you decide where
• or how to invest give us a
call We will help you compare
Free information about investments and money
matters from 9 to 4 Current rates given 24 hours a day
The commission had level of expertise you
been scheduled to vote wish in opponent
next week on toy lids. - Follow the stock
but statler urged that market By coupling
the vote be taken Im- your system with a de-
mediately to impress vice called a modem,
upon toymakers ’the you can literally put
seriousness with which your computer on the
we regard 21 deaths." telephone to get price
alllev ine,, 13654 w Rene.
• IMS ■ County 1J— • Eases Preduetien
sse a » Ime,, 15005 s Pettawate-
• 4M4 8 Counell. mie’kead. ..
• 1417 MW 49. • Medan OH and Gas
0 17268 Cumty Uns Ce,, 10101 N Pest Bend.
on tax filing
situation is
a service of
MutualFederalvmSavngs
NNG
among us are likely to
avoid an eventual ren-
dezvous with the
mighty microchip.
and software which provides the
physician with an electro-cardi-
ogram and computer-asaisted inter-
pretation, generally in less than
three minutes.”
American Steriliser (ASZ) has
moved from $10 to $13. It seems to
have difficulty getting past that lev-
el. If the stock becomes available
again at $10-$l 1, it will offer viable
speculative opportunity.
you may have no more
than a rough idea of
how much tax you will
owe. Form 4868 itaelf
states. "You may esti-
mate this ammunt.”
For anyone going
this route, It might nat-
urally seem tempting
to pick a low figure.
But Deloitte Haskins A
Sella suggests that it
could well be better to
err on the high, rather
thaa the low. side.
If tax is still owed
when the return is
eventually completed,
the firm points out. the
late payer will also be
charged interest from
April 15 at an annual
rate of 20 percent
Even if the money is
Invested in the interim,
a person in this situa-
tion la likely to come
out a loser. Yields on
money-market mutual
funda. for example, cur-
rently average about
13.5 percent.
Furthermore. If the
amount still owed is
greater than 10 percent
or the total tax bill for
the year, Deloitte Has
kins A Sells notes, "a
penalty of % percent
per month on the total
amount of late pay-
ment is due, in addition
to the interest. unless
the taxpayer is able to
t
s
Board of Adjustment on • 2947 8W 104.
Wednesday approved The board also ap-
the following oil and proved the following
gas wells proposed by wells for other compa-
Ratliff Exploration Co.:
08329 8 104.
$2,800 system. ($2,900, including
Firat you'd need a printer), for instance,
keyboard and main un- will print only 40 char-
it ($1,500), a video acters across its moni-
monitor ($300), a tor screen. That's not
printer ($400) and a nearly enough for se-
disk drive — a device rious word processing,
that allows you to pro- but for $400 you can
WASHINGTON (AP) gram your machine au- buy an additional piece
— The government is tomatically ($600). of hardware called a
putting pressure on toy Along with this hard peripheral card that
manufacturers to po- ware, of course, you d will boost the ma-
lice their own industry need software. the pro- chine's capacity to 80
and stop making toy grams you buy for any- characters a line,
chests with lids that where from $10 to $500 when you're looking
can fall on children’s that tell your machine for a computer, get ev- ,
heads and strangle the what to do. So erything demonstrated,
youngsters. equipped, you could Programs always
(Porno).
One of the choice offerings is "The company's principal product
400,000 units of Private Screenings is a fully automated, solid state mi-
Inc. at $6.25 per unit, consisting of cro-processor terminal with access
one share of common and one-half to the company's host computers
By Johannes Steel
Shares of People Express Airlines
Ine. (NASDAQ-PEXP) are under
persistent speculative accumula-
tion at the $11-$12 level. The trad-
ing range has been from $7 to $17.
This is a volatile stock and strict
limit orders are indicated in one of
the premier turnarounds in the air-
line industry.
Earnings this year could reach
$1 10 per share with $2 possible in
1983, after a loss of $9.2 million in
1981, which includes about $4 mil-
lion in start-up costs.
People Express Airlines provides
low-cost air service in the eastern
United States. The company's focus
on high employee productivity and
utilization of assets has allowed it to
somewhat different for
U.S. citizens living or
traveling outside the
country on April 15, the
accounting firm says.
They can take an exten-
sion until June 15, with-
out filing an advance
request on form 4868,
provided that they at-
tach a statement to the
establishing that they Home computers
were abroad.
But such taxpayers .
also are subject to 20 J f • m I
eargn’rromnpereis overcome glitches
on any tax paid after CJ
that date. By Augustin Hedberg quotations.
Extensions beyond ’ Hiya, how's your Ifyouareanaccoun-
June 15 may be permit- system?" asks the man tant or an investor, the
ted but they must be behind the counter, applications are obvi-
requested on a sepa- "Great," replies the ous. If your job re-
rate form — 2688 — customer, "but last quires a substantial
with a description of night when I was boot- amount of writing, ask
the circumstances pre- ing DOS before down- to try a machine that is
venting the taxpayer loading a tutorial. I supposed to be a good
from completing his re- think I got some kind of word processor and
P glitch in the ROM be- challenge it with some
cause the raster scan of your thornier prob-
if this all sounds started to loop and the lems. Xerox, at $6,100,
complicated. H'a be- system crashed ” is probably the best,
cause it is. Deloitte Spies? Martians? but Radio Shack s
Haskins A Sells adds a Cert if iables? Not at all. $7,000 TRS-80 Model II
further note of caution: Just a fledgling owner is the choice of the
"Some states accept of a new home comput- prolific science-fiction
the federal extension to er discussing a minor writer Isaac Asimov,
extend the due date of problem with the man Each machine is
the state return, while who sold him his hard- built to accept only cer-
Wall Street
By Chet Carrier
Business Writer
NEW YORK(AP) -
Time is growing short
for the millions of
Americans who prefer
to put off dealing with
unpleasant matters
like their income-tax
returns until the last
possible moment.
As Just about every-
one knows, the forms
land the check for any
balance due) are sup-
posed to be in the mail
no later than April 15.
Not so well known is
the fact that any tax-
payer can get an auto-
matic two-month exten-
sion of that deadline,
by filing internal Reve-
' nue Service form 4868
with the IRS service
center to which the re-
turn itself is to be sent.
This accommodates
someone, for example,
who is faced with a sud-
den illness or other
problem that prevents
his completing the re-
turn on time.
But as the account-
ing firm of Deloitte
Haskins A Sells points
out. It shouldn't be in-
terpreted as a chance
to postpone paying tax-
es that are owed.
exThetoapmlisatinnidor others requtre a sepa- ware' lain kinds of software,
an estimate of the total rate application The personal-com-
tax liability for the And if you have a re- puter business is grow-
year," the firm said in fund coming, of course, ing at such a pace —
a recent bulletin to cli- delaying the filing of 1.2 million unita sold
ents. "Any remaining the return means the last year and 3 million
tax due. after taking in- government will have projected for 1982 —
to account federal in- the use of your money that only the Luddites
come tax withheld and for that much longer,
estimated tax pay-
ments. must be paid
with the application for
eteatoprenonts an o Toy chest
vious problem. If you
haven't been able to 1*1 pIAe
complete the return, IIU 1 UIC/3
with 15,000 in 1979.
Most of the payroll
reductions would come
from the firm's South
American service if the
government permits
Braniff to transfer
those routes to Pan
American World Air-
lines on April 25, as is
now planned.
Thursday, April 8. 1982 37
help Braniff
TULSA (AP) — The the airline's bankers in
president of Braniff In- the next couple of
ternational has said the months for review,
airline is recovering Action by the govern-
from serious financial ment requiring other
extremes of a month airlines to honor tick-
ago. ets sold by an airline
Howard Putnam said that goes bankrupt
Braniff is "getting bet- helped give travelers
ter" from the cash confidence to buy Bran-
crunch that brought iff tickets, Putnam
about a weekend two- said.
for-one selling spree The sales spree was
He told the Down- an excellent short-term
town Tulsa Rotary Club marketing tool but will
on Wednesday those probably not be needed
sales, along with what again, he said,
he termed an "outpour- f needs to trim
ingo.r blic support, its work force to be-
aided the firm in its re- tween 6,500 and 7,000
covary. by June 1, he said. It
Braniff will submit a now has about 9,100
new financial plan to employes, compared
2948
.......... ■ $8
all congregations, an • 4lVp.• g
attorney for the church .
says. “g"=
an vic- «P).-Asgss
tory for religious free" gga
dom for even small mi A eg
nority, misunderstood " “
churches or groups,"
said Thomas E. Maddox
Jr., a lawyer for the Ra-
venwood Church of Wic-
ca in Atlanta.
The state's highest
court ruled the Raven-
wood church meets the
test under Georgia law
exempting "all places
of religious worship"
from property taxes.
Church members are
known as witches and
warlocks, but don't
practice stereotypical
"bubble, bubble, toil
and trouble" witch-
craft, the court found in
its 4-2 decision.
The decision "means
that the guarantees of
religious freedom in
this country have some
meaning," Maddox
said.
/ WORD
PROCESSING
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Standard, Jim. Oklahoma City Times (Oklahoma City, Okla.), Vol. 93, No. 40, Ed. 1 Thursday, April 8, 1982, newspaper, April 8, 1982; Oklahoma City, Oklahoma. (https://gateway.okhistory.org/ark:/67531/metadc1848368/m1/37/: accessed June 30, 2024), The Gateway to Oklahoma History, https://gateway.okhistory.org; crediting Oklahoma Historical Society.