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Technology
RETURN ON TECHNOLOGY: Trends can be more illuminating than fresh data
October 31, 2005
Tim AltomSanford Kahn, a business trends analyst, (www.businessspeaker.biz/ ) once wrote that it is a myth that information is power,
and I agree with him. If it were true, the public library would rule the world. Google would run a galactic empire. Instead,
in the halls of the real power structure in the world's most powerful nation, our government suffered one of history's biggest
forehead-slappers after its intelligence organization confused rhetoric with reality over weapons of mass destruction. In
this case,...
MoreVIEWPOINT: Sorting out Social Security stats
October 31, 2005
Andy JacobsThere is an unfortunate misunderstanding going around about the Social Security trust fund. These are facts: First, the U.S.
bonds that constitute its assets pay the same rate of interest as regular U.S. bonds. Second, the bonds held by Social Securi
ty are not marketable, which means they can be cashed any time at par or face value. Other U.S. bonds are subject to the market
if cashed before maturity. Third, the surplus is not there by accident; it was...
MoreEmerging Tech, Johnson centers team up: Partnership links incubator's startups with entrepreneurship students
October 24, 2005
Scott OlsonNow as executive director of Indiana University's Johnson Center for Entrepreneurship & Innovation, he has high hopes for
his latest effort to introduce students to the real world of business. The Johnson Center, based in Bloomington, opened an
office earlier this month at the Indiana University Emerging Technologies Center in downtown Indianapolis. The space gives
MBA students the opportunity to provide consulting services to the 22 startups at the incubator. Unlike BSU seniors in the
"spine-sweating" course who present an...
MorePublic broadcasters seek big bucks to feed Big Bird: WFYI capital campaign has ambitious $15.3M goal
October 24, 2005
Andrea MuirraguiPublic broadcasters usually aren't shy about asking for money. Indeed, their telethon-style fund-raising drives likely are
as recognizable to audiences as Big Bird and Garrison Keillor. But when it comes to big money, they haven't had much practice.
Until now. For more than a year, Indianapolis broadcaster WFYI quietly has been lining up support for its largest-ever capital
campaign-a $15.3 million effort to upgrade equipment, expand its Meridian Street building, and more than double the not-for-profit's
endowment. Station leaders were...
MoreAhnafield helps disabled achieve self-dependence: 34-year-old firm makes high-tech mobility products
October 24, 2005
Tracy DonhardtreporterDriving a road sweeper when he was 18 years old, Ryan Kruse never saw the train that slammed into his vehicle and turned him
into a quadriplegic. College and other plans for the future seemed out of reach for Kruse, who was paralyzed from his chest
down that day 13 years ago. But recently, Kruse, who is working on a second bachelor's degree at IUPUI, traveled to Georgia
to celebrate his grandmother's 80th birthday. He drove. With only limited use...
MoreHot mod madness: Customizer Kenny Brown enjoys performance-car revival
October 24, 2005
Chris O\'malleyIn a dark corner of the Kenny Brown Performance garage is the 2005 Mustang Ford Motor Co. should have built. Supercharger.
Disc brakes as big as the tires of some cars. All hung on a chassis that's Prince Charles stiff. And shrouding its meaty tires
are a protruding rear fender and a filled-in quarter window raked all the way back to the taillights, akin to the 1967 Mustang
fastback. "It's kind of like the marriage of heritage and technology," said...
MoreKipps Brothers still evolving after 125 years
October 24, 2005
Candace BeatyWalk through the Kipp Brothers showroom and you’ll find the makings of one heck of a birthday celebration: gag gifts
galore, endless sugary treats and headgear that puts the traditional party hat to shame.
MoreVIEWPOINT: Ruling holds promise for life sciences
October 24, 2005
Kristiana M.It wasn't frontpage news when the U.S. Supreme Court handed down its decision on Merck KGaA v. Integra Lifesciences earlier
this summer. But among Indiana's burgeoning life sciences sector, it should have been-n - largely because of the doors it
opens (or appears to) for research-based discoveries. On June 13, the country's highest court ruled that a "safe harbor" provision
in U.S. law gives life sciences companies more freedom to use patented compounds in pre-clinical research, as long as the...
MoreRETURN ON TECHNOLOGY: What are your workers hiding from you?
October 17, 2005
Tim AltomMany years ago, when I worked for a machine-tool dealership, I learned a lesson about technology and employees. As I was watching
an employee run a part, I noticed he was doing something I knew hadn't been in the engineering setup requirements. When I
asked about it, he replied that he knew his decision hadn't been sanctioned by the "idiots with slide rules," but if he had
done it the approved way, it wouldn't work. Further, if he had notified...
MoreBruce R. Frank & Associates LLC: Business, basketball give adviser a leg up International perspective useful for Indianapolis
consulting firm
October 17, 2005
Della PachecoAt 6 feet 8 inches, consultant Bruce R. Frank is an imposing figure. But it's the 30 years of business experience the former
professional basketball player has accumulated that he says helps him tower over his competition. Frank, 51, is the founder
of Bruce R. Frank & Associates, an Indianapolis-based consulting group that helps life-sciences companies develop business
strategies. So far, he has found most of his clients outside Indianapolis: Frank spent seven months on the road last year.
The...
MoreCeladon Group's foray into e-commerce rolls on: Demand by truckers for discount fuel helps propel TruckersB2B despite flattened
tire business
October 17, 2005
Chris O\'malleyTruckersB2B Inc. ought to have been among the road kill of the technology bust of 2000, when the restless ghost of Adam Smith
dope-slapped investors out of their hypnotic drool over anything high-tech. But unlike scores of dubious e-commerce ventures,
the 5-year-old Web site offering small to midsize trucking fleets group discounts on everything from fuel to tires turned
out to be built on a sustainable business model. The Indianapolisbased business now claims more than 19,000 participants representing
445,000 trucks....
MoreArt school to compete with Herron, U of I: For-profit Art Insitutue has designs on new programs
October 17, 2005
Tammy LieberThe city's newest art school has existing programs here sharpening their colored pencils and preparing for a showdown at the
easel to attract new students. The Art Institute of Indianapolis earlier this month launched a marketing campaign seeking
students for its first classes, which start Jan. 9. The for-profit school at the Pyramids is owned by a Pittsburgh firm. It
plans to offer a two-year degree in graphic design and four-year degrees in graphic design, interior design and interactive
media...
MoreIn a race for robotics: Crash doesn't quell Jones' hope of building new industry
October 17, 2005
Peter SchnitzlerOne day in the not-so-distant future, robot drones will drive the military's supply vehicles through dangerous war zones.
They'll pilot tractors across farm fields and steer plows as they scrape snowy highways. Automatic cars will even whisk you
to and from work. High-tech entrepreneur Scott Jones, 44, believes with a zealot's fervor this all will happen. More than
a gee-whiz observer, the man who helped invent voice mail hopes to establish a robotic vehicle business-and ultimately the
robotic vehicle industry-in...
MorePremiums continue to climb: Rate increases may dip, but not by very much
October 17, 2005
Tracy DonhardtreporterAfter four years of double-digit rate hikes, average health care insurance premiums rose less than 10 percent in 2005. And
they're expected to rise less than 10 percent again in 2006, according to several national surveys. But excuse employers if
they don't get excited about the trend. They are still faced with having to pay much higher prices or trimming benefits-or
both. Health care insurance premiums this year increased 9.2 percent, a 2-percent drop in the average increase from the...
MorePathway to growth: Production firm's storytelling attracts national attention
October 10, 2005
Anthony SchoettleDespite a wall lined with Emmy Awards and a client list including ESPN and VH1, Pathway Productions founder Michael Husain
is as eager to talk about corporate work and Web site development as his firm's latest Peyton Manning documentary or his work
showcased in this year's Heartland Film Festival. "The new media side of our business, and that includes Web site development,
grew 100 percent in each of the last two years," Husain said. "So you can see why we're...
MoreBacking home again: CID changes out-of-state course, invests $50M in Indiana
October 10, 2005
Peter SchnitzlerIndiana's flagship venture capital firm has changed direction. Often criticized for not investing frequently enough within
state lines, CID Equity Partners over the last five years has quietly put nearly $50 million to work in 10 Indiana companies.
In the decade before, CID invested in just a half-dozen local deals. And after struggling to weather the 2001 recession, CID's
managers believe the wind is finally at their back. Three years ago, massive losses threatened to sink the firm. Since then,...
MoreWeb service hungry for business: 46 local restaurants sign up for online takeout ordering
October 10, 2005
Tracy DonhardtWhen pharmaceutical rep Andy Knopfmeier needed lunch for a 29-person obstetrics office he was calling on recently, he made
it happen without picking up a phone or idling in a drivethrough lane. Instead, Knopfmeier-who provides lunch to doctors as
a way to get in the door-went online two days before the meeting and ordered sandwiches, chicken nuggets and waffle fries
from a Noblesville Chick-Fil-A. He prepaid the bill with a credit card and entered instructions on when he'd pick up...
MoreBorn again: Old churches gain new life as commercial space
October 10, 2005
Tammy LieberGod may be eternal, but His houses aren't. Congregations expand, move or fade away. When they leave a house of worship behind,
sometimes they find a different congregation to take over the brick-andmortar expression of their faith. Sometimes they don't.
In the latter case, finding a new life for churches and temples-often solidly built and packed with unique architectural details-can
be something like working a miracle. But a handful of developers have managed to give new life to old churches,...
MoreChild-safety concerns lead to new division: Company uses R&D to manufacture innovative car seat
October 10, 2005
Anthony SchoettleIndiana Mills & Manufacturing Inc. is creating a new division, launching a new product, and cutting a new path straight to
retail consumers. It's a big departure from the 45-year-old company's historical path to profitability. Westfield-based IMMI
has long made its money supplying a lengthy list of manufacturers and distributors in the transportation and heavy-equipment
sectors with its innovative seat belts, rollover systems for heavy trucks, and restraint systems for school buses and on-
and off-road commercial vehicles. But company...
MoreSpeaking of health care: Local experts weigh in on rising costs, the uninsured and whether our current system needs an overhaul
Public health priorities, executive salaries and the "gold rush" of health care construction were among the topics tackled
Sept
October 3, 2005
Public health priorities, executive salaries and the "gold rush" of health care construction were among the topics tackled
Sept. 21 in the latest installment of Indianapolis Business Journal's Power Breakfast Series. IBJ reporter Tom Murphy moderated
the panel discussion, attended by some of the area's foremost health care experts. Following is an edited transcript of the
often-spirited discussion, which included a brief interruption by protestors seeking medical insurance coverage for janitorial
staff who clean Anthem Inc. buildings. IBJ: Can you...
MoreBULLS & BEARS: Even after public dissing, analysts still too upbeat
October 3, 2005
Dave GilreathWhere can a retail investor go to get accurate recommendations and opinions on a stock? Back in the old, old days, an investor
would call a stockbroker, also called a "customer's man," and get a copy of a research report. Only good clients could get
the research reports so there was an air of exclusivity about them. Or if an investor were really diligent, he could go to
the public library and leaf through the super-thin pages of the giant...
MoreRETURN ON TECHNOLOGY: Don't let unclear language doom your next project
October 3, 2005
Tim AltomAt a meeting the other day, an acquaintance shared a story about getting a "Webinar" together for his organization. A Webinar
is like a seminar, only performed entirely online. The presenter is usually seen in a small, jerky video, but often there's
not even that much visual stimulation. In many cases, it's just a series of slides and a voice. Most Webinars are no more
interesting than inperson seminars, but at least you don't feel as noticeable if you have...
MoreParents banking on storage of umbilical cord blood: Founder keeps research alive through Genesis Bank
October 3, 2005
Tracy DonhardtreporterBlood from the umbilical cord of a baby expected to be born in Indianapolis later this month will be collected after her birth
and saved for her 5-year-old sister, who has been diagnosed with cancer. The stem cells extracted from the baby's umbilical
cord blood might someday save the life of her sibling. While doctors at Riley Hospital for Children wait and see if the young
cancer patient responds to standard treatment over the next couple of years, the stem...
MoreAtlas tenderloin tradition lives on: Family pays homage to 'sticker lady' at Carmel deli
September 26, 2005
Scott OlsonBut her connection to the grocery runs deeper. Her mother, Debbie Davis, was an Atlas institution, earning her "sticker lady"
nickname from children who received the treats she kept in a toy treasure chest at her register. Debbie died in June 2004
at age 52, following a prolonged battle with breast cancer. In her memory, husband Mike Davis created the "Debbie's Make You
Smile Fund" to benefit the Indiana University Cancer Center. It is supported by the sale of the...
MoreSo far, VC deals scarce: BioCrossroads: Networking should spawn commitments
September 26, 2005
Peter SchnitzlerAlmost two years ago, in October 2003, BioCrossroads debuted its $73 million Indiana Future Fund. In the time since, just
three Indiana startups have received IFF-backed investments. But it's not for BioCrossroads' lack of trying. Both in public
and behind the scenes, BioCrossroads is working diligently to put promising local life sciences prospects in front of venture
capitalists. This year, BioCrossroads has already held two well-publicized Indiana Future Fund Entrepreneurial Forums: the
first in April at Purdue University in West...
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On what planet are they entitled to this largesse from the stockholders? These people make multi-million dollar salaries: Pay for your own personal travel.
It matters because they're already paid enormously fat salaries: Pay for your own personal travel. Being "taxed on it" isn't a valid excuse--so what? They're still being gifted a raft of luxury perks from somebody else's money on top of an enormous, lavish salary.
Greenwood was scammed. Somebody didn't do due diligence in checking out the claims of this company. The manufacturing of insulin can't be done on the cheap. If it could be done, some big generic company would already have it on the market. The founder was either a scammer or a wild-eyed dreamer who made people believe that his Lilly experience was what they needed to make millions of dollars. Greenwood fell for a get-rich-quick scheme but smarter investors didn't make the same mistake.
DV, your list is not reasonable. For example, mass transit in Chicago does not benefit the poor Illinois farmer living on the Iowa border. So, there is no need for mass transit in Indy to benefit the retired widow living in Jasper, Indiana. Your comments, therefore, cannot be taken seriously yet it does reveal the narrow viewpoints that are robust here in Indiana. Mass transit works, even if not everyone in the city or state uses it.
To Me Tim McGraw's Tight Muscles are Truly Magical