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Latest News

Packet pays big return here

Employees, local investors get $175 million payout in sale of start-up
February 26, 1997
Richard Ripley
In a bonanza fueled by the economic dynamism of the high-tech industry, the employees and local-area investors of Packet Engines Inc. received $175 million when Packet was sold recently, founder Bernard Daines says.In addition to the stock that
Read More

H-P leases extra space in industrial park here

About 30 workers to move from Liberty Lake campus to off-site facility in April
February 26, 1997
Lisa Harrell
Hewlett-Packard Co. has leased 21,400 square feet of space at the Spokane Business & Industrial Park and plans to move part of its printed-circuit assembly division there from Liberty Lake in April.Liz Cox, spokeswoman here for the big Palo says
Read More

GU agency must break even or close doors

Regional research service simplifies, diversifies in bid to become self-supporting
February 26, 1997
Linn Parish
Gonzaga Universitys Regional Information Services, an offshoot of the Foley Center library that provides fee-based research services to businesses, has been given an ultimatum: break even or shut down.Library officials say the universitys 1,
Read More

Exec said to be trying to stop project collapse

Fraud indictments against LeasX, two men cast pall on plan for call center here
February 26, 1997
Linn Parish
A Spokane real estate executive says a California businessman is trying to prevent the collapse of a call-center project here after two men and a company that allegedly were involved in the project were indicted by a Spokane grand jury for federal
Read More

Coldwater Creek ends foray in Japanese market

After testing the waters, Idaho company pulls back
February 26, 1997
Anita Burke
Coldwater Creek Inc., the Sandpoint, Idaho-based direct-mail retailer, has pulled out of the Japanese market after testing it for about two years. The company, tucked away in North Idahos Selkirk Range, sells gifts, clothing, and home furnishings
Read More

Local companies likely to get turbine plant work

Cogentrix intends to serve as own general contractor
February 26, 1997
Anita Burke
Cogentrix Energy Inc., a Charlotte, N.C.-based power producer, will serve as its own general contractor on construction of a $100 million power plant it is developing in Rathdrum, Idaho, with Avista Power Inc., of Spokane. The company will strive
Read More

Longtime Garfield bank to enter Spokane market

State National plans four branches here, eventually might move headquarters
February 26, 1997
Lisa Harrell
State National Bank, a 97-year-old Garfield, Wash.-based bank, is building a branch on Spokanes North Side, is looking for an additional three locations for branches in the Spokane area, and eventually might relocate its headquarters here, says a
Read More

A reflection of talent

Artistic Glass focuses on glass work, but has more varied origins
February 26, 1997
Anita Burke
Steve Talbotts Spokane Valley studio shows off his stained glass windows, glass door panels sandblasted with elaborate designs, and etched tabletopsbut the name of his business, Artistic Glass, only begins to tell his story.Over more than a
Read More

Calvert to build new plant

Control-panel manufacturer that bought Telect division anticipates strong growth
February 26, 1997
Kim Crompton
Calvert Technologies Inc., a West Plains control panel manufacturer that expanded into electronic jail systems late last year after buying a division of Telect Inc., of Liberty Lake, says it plans to develop a new manufacturing plant in Airway and
Read More

Printer maker turns new page

Output Technology Corp. completes reorganization, places bets on new product
February 26, 1997
Paul Read
Output Technology Corp., the resilient Spokane manufacturer of high-speed computer printers, views 1999 as a clean sheet of paper upon which it hopes to imprint the first lines of its next chapter as a company.It wont be Chapter 11. Earlier
Read More
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