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The Daily Tar Heel Tuesday, March 28, 1 9895 ;
vv.v-.---v".- v. 4
VOLUME: 1 12.96 million shares
COMPANY CLOSE CHANGE HIGH LOW WK. AGO
BellSouth 42 38 42 18 41 12 40 38
Duke Power 44 14 44 18 43 34 43 12
Food Lion 10 10 14 8 ?8 11
NCNB Corp. 35 38 - 18 35 12 34 12 35 78
RJRNabi'sco 85 58 86 58 86 14 86
314 315 316 317 320 321 322 323 324 327
DTH Graphic Source: Edward D. Jones & Co., Chapel Hilt
emooars target mairketoimg maima
By LLOYD LAGOS
The UNC School of Business and
the Center for Marketing Research
will sponsor a series of seminars from
April 3 to June 2 at Kenan Center
to teach participants effective market
"Seminars in Marketing Manage
ment" will try to give executives and
managers some concrete marketing
strategies, according to Gary Arm
strong, a business school professor
and director of the Center for Mar
keting Research. -
"We want participants to leave the
seminars knowing how to apply
specific concepts and techniques to
their own firms," he said.
"This is a workshop that will be
attended by those involved in banks,
savings and loan, credit unions,
finance companies and other finan
cial institutions," said Nicholas
Didow, associate professor at the
business school. "The participants
will be marketing executives and
managers as well as officials of the
New York Stock Exchange."
The University offered seminars in
the past, but they were "like a
miniversion of the kind of material
in a-graduate program; they were
more general," said Paul Bloom,
business school professor and one of
the seminar faculty members.
"The purpose is to have intense
treatment of topics not traditionally
covered in past seminars, and we want
to reach new audiences," he said.
"This is an attempt to provide services
to other constituencies other than the
Other UNC seminar faculty
members include Merrie Brucks,
Robert Eisenbies, Robert Heden, Jay
Klompmaker, Cheri Marshall and G.
David Hughes. Seminars will also be
led by Milind Lele from the Graduate
School of Business at the University
of Chicago and Thomas Nagle from
the Boston University School of
The seminars will cover six topics:
"Sales Force Productivity," April 3
4; "Customer Satisfaction," April 17
18; "Building Competitive Advan
tage," April 26-28; "Marketing Pro
fessional Services," May 4-5; "Pricing
Strategies for Maximized Profits,"
May 17-19; and "Effective Marketing
for Financial Institutions," June 1-2.
Each seminar will be held from 8:30
a.m. to 4:15 p.m. and has a tuition
fee of $695.
Armstrong said the business school
will sponsor similar programs in the
future. "There is a continuing grow
ing need for management education,"
he said. "And we intend to fill that
need with state-of-the-art marketing
skills and techniques focusing on new
developments in marketing science
strategies and analysis."
For more information, call 962-3120.
1st U.S. commercial space flight on pad
'i nn 0
The savings and loan industry posted a $2.3 billion loss for the
fourth quarter of 1988, bringing the total loss for the year to $12.1
billion, The New York Times reported last week. The yearly deficit
is the worst on record for the industry. The previous record was set
in 1987, when S&Ls lost $7.8 billion.
From Associated Press reports
WHITE SANDS MISSILE
RANGE, N.M. The nation's first
licensed commercial space flight is set
for launch Wednesday carrying
experiments that will study the effects
of weightlessness on manufacturing
The unmanned Consort 1 space
craft will carry six experiments on its
15-minute, suborbital flight over the
White Sands Missile Range. The
payload will undergo microgravity
near weightlessness for seven
minutes before the capsule para
chutes onto the northern end of the
vast missile range.
The two-stage, solid-fuel rocket
was built by Space Services Inc.
(SSI), a Houston-based company
that launched the Conestoga I from
Matagorda Island, Texas, in Sep
The , Conestoga I carried a 490
pound dummy payload that landed
in the Gulf of Mexico, 300 miles east
of the launch site.
"That proved private industry
could do it," said SSI spokesman and
stockholder Walter Pennine
The launch also showed the federal
government was unprepared to deal
with private space launches.
"There was no single agency we or
anyone else could go to and ask if
we could do this," Pennino said,
saying SSI had to consult with the
Federal Aviation Administration,
Federal Communications Commis
sion, Defense Department and the
sheriffs department, among other
"On our own initiative, we went
to all these people and said, 'This is
what we plan to do at such and such
a time.' No one had the authority to
stop it, but no one had the authority
to authorize it," Pennino said.
So the Department of Transpor
tation has been assigned the task of
licensing private rocket launches and
coordinating with different govern
ment agencies, and the Consort I is
the first rocket to be licensed by the
Transportation Department's new
Office of Commercial Space
The payload was assembled by tb
University of Alabama-Huntsville .
Consortium for Materials Develop
ment in Space, one of 16 NASA
sponsored Consortiums for the Com
mercial Development of Space.
Each university-affiliated consor
tium receives an annual $1 million
grant from NASA for five to seven
years, said Ana Villamil, spokeswo
man for NASA's 4-year-old Office of
"Each (consortium) is supposed to
be self-sufficient after the end of that
period," she said.
The consortiums coordinate with
the Transportation Department,
rocket-launch companies such as SSI
and private industry wanting to
perform research in space. Consor
tiums deal with topics as diverse as
materials science, biology and space
propulsion, Villamil said.
The Consort I's 650-pound pay
load holds experiments that will
measure how liquids mix in weight
lessness, how plastic foam forms and
cures, how liquids coat glass surfaces,
how epoxy reacts in weightlessness
and how finely powdered metals
bond under high temperature to
produce alloys without melting.
The experiments have applications
in the manufacture of medicines,
metal alloys and ball bearings, as well
as in the construction of future space
The vehicle's booster is a modified
Navy Terrier rocket. The second stage
is a Black Brant sounding rocket
often used for research. The entire
vehicle stands 52.3 feet tall and weighs
6,000 pounds at liftoff.
It will achieve a top speed of 5,016
mph and, in a little less than five
minutes, will rise 198 miles above the
The entire venture should cost
about $2 million, including the cost
of using White Sands and its person
nel, Pennino said.
Bosh cautioned in mew trade gap report
From Associated Press reports
WASHINGTON The improv
ing U.S. trade deficit, the biggest
factor promoting domestic growth
last year, is on the verge of stallirfg
out unless the Bush administration
moves quickly to devalue the dollar
and reach a budget agreement with
Congress, analysts at a research
institute warned Monday.
Officials at the Institute for Inter
national Economics said that unless
the United States is able to get its
trade problems under control, the
country faces the threat of a recession,
triggered by the flight of foreigners
from U.S. investments.
There is also a danger that the
rising trade deficit would force
Congress and the administration to
erect protectionist trade barriers that
would threaten a global trade war,
according to the study "American
Trade Adjustment: the Global
The report said that without
needed policy changes, America's
trade deficit will begin rising again
in 1990 and by 1992 will surpass the
record imbalance of $154 billion set
Spill pushes oil prices up
NEW YORK The nation's
biggest oil spill off Alaska helped
push the price of crude oil to its
highest point in 19 months as energy
futures prices rose sharply in a bullish
"A market that was already poised
to trade up a little was set on fire,"
said Madison . Galbraith, senior
energy specialist with Merrill Lynch
The price of the May contract for
West Texas Intermediate oil, the
benchmark U.S. crude, rose 38 cents
a barrel to close at $20.53 in New
York Mercantile Exchange trading.
Prices for subsequent months also
It was the highest, near-month
closing price for the key grade since
Aug. 14, 1987.
afternoons & weekends,
Come by during business hours.
Eastgate Shopping Ctr,
(beside a Southern Season)
967-8568 Chapel Hill
10-6 Sat 1-5 Sun
Sunrise Dr., Chapel llill
on Franklin Street above Sadlack's
THE JflCTURN OF THE ;
INDIAN FHIKT BEDSPREAD
LIKE V1HE, SOME THINGS SET
Bema with Aee.
University Square Chapel Hill 967-8935
UNC Chapel Hill
H989 Summer School
PREREGISTRATION: April 3-7 (Summer & Fall)
Tuition & Fees NC Resident Non-Resident
Undergraduate 1-5 hours $157
Undergraduate 6-8 hours 220
Graduate 3-5 hours 220
PERSPECTIVE COURSES-SHORT COURSES
FOCUS PROGRAM-SUMMER STUDY ABROAD
First Day of Classes
Last Day of Classes
May 23 '
. DIRECTORY OF CLASSES
available in Basement Hanes Hall
Are now available for your
IF YOU ARE INTERESTED IN RECEIVING
Scholarships, Fellowships, Grants
YOUR ELIGIBILITY IS GUARANTEED!
regardless of financial status or academic performance.
9 - -"
FOR MORE INFORMATION CALL:
A NATIONAL SERVICE COMMITTED
TO HIGHER EDUCATION
These funds DO NOT require reimbursement
ACADEMIC FINANCIAL ADVISORY PROGRAM
"WHERE GERALDO ENDS
GREG BEGINS. ....
TUESDAY, MARCH 28 - 7:30 PM
STUDENT UNION - RM 226
WEDNESDAY, MARCH 29 - 7:30 PM
"A Sucessful Love Life"
STUDENT UNION - RM 224
Maranatha Campus Ministries
THE TRIANGLE'S M'l8t
LARGEST SELECTION OF
MOUNTAIN & ROAD BIKES
DIAMOND BACK, CENTURION, GT, SCHWINN,
MONGOOSE S CANNONDALE
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IN THE TRIANGLE!
CLOSEOUT SPECIALS WAS SALE!
Diamond Back Topanga $349 $299
Diamond Back Ascent (88') $450 $350
Diamond Back Ascent Ex (88") $550 $450
Giant AT740 $450 $375
Giant AT750 (Deore!) $575 $425
J a mis Diablo $499 $399
Jamis Explorer $359 $299
Jamis Cross Country $419 $309
GT Outpost (88'J $349 $279
Centurion Elite RS Shimano 600) $625 $450
Centurion Ironman Master (Shimano 600) $749 $599
Centurion Ironman (Shimano 105) $599 $450
Schwinn Tempo (Shimano 1 05) $599 $450
Cannondale SR500 (Shimano 105) $699 $499
U-LOCKS SPRING TUNE UP SPECIAL "1
reg. $29.95, i reg. 29.50 19.50 with coupon i
ZJfl flpEI ' includes eear & brake adjustment, lube drive train, wheel truing, I
W lrr . .wheel, crank, and headset bearing adjustment
expires 4389 J
THE CLEAN MACHINE
104 N. Ma
IM$ay, Mairclhi 31
TBte IPmiGfsiuiiift Off
Hawaiian tropic Bihjni Contest
ChicfyftVA Refreshment Stand
Bus Shuttle begins at 12:30
Bus Stops at Planetarium, Big Frat Court, Union, Morrison.
UNC ID required.
A recycling event sponsored by Keep N.C. Clean & Beautiful and Carolina
Glass Recyclers; coordinated by UNC Recycling Program.