Tuesday, January 14, 2003

Tristate summary

Compiled from staff and wire reports

Healthy earnings for Frisch's

Frisch's Restaurants Inc. said Monday that it posted record sales and earnings in its fiscal second quarter, which ended Dec. 15.

The Big Boy chain said net earnings for the quarter rose 4.7 percent to $2.2 million, or 44 cents a share. That compares with earnings of $2.1 million, or 42 cents a share, in the same period last year.

Revenues rose 12.3 percent to $54.8 million from $48.8 million.

Second-quarter same-store sales at Big Boy restaurants, or sales at stores open at least a year, rose 2.3 percent, marking the 21st consecutive quarter of such increases, the company said.

Lexmark wins round in court

Lexington-based Lexmark International Inc. said a court issued a temporary order requiring Static Control Components Inc. to stop making and selling microchips that enable the use of off-brand toner cartridges in some Lexmark laser printers.

Lexmark late last week said the order is in effect until its motion for a preliminary injunction is heard by the federal District Court in Kentucky.

Lexmark's complaint alleges that the Smartek microchips incorporate infringing copies of Lexmark's software and are being sold by Static Control to defeat Lexmark's technological controls.

A spokesperson for Static Control, a Sanford, N.C., maker of static shielding and dry packaging components wasn't immediately available for comment.

Printer have been trying to curb increasing sales of aftermarket cartridges.

Plant undergoes financial review

Auto-parts maker Delphi Corp. plans to re-evaluate its ignition production operation in Anderson, Ind., in an effort to return it to profitability.

If the effort does not succeed, Delphi could take steps that include closing or selling the 800-employee operation.

Troy, Mich.-based Delphi, the world's largest auto parts supplier, said the ignition operation was among the business units it was placing in its Automotive Holdings Group, a separate division of underperforming businesses. Delphi placed 10 such business units in the division Friday.

A generator assembly operation in Anderson was placed in the division in October 2001, and Delphi later announced that the operation was in the process of winding down.

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