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Byline: The Register-Guard

Economic Forecast event set

to get under way Wednesday

Looking for something special to brighten a gloomy January day?

Try the Economic Forecast 2004 event at the Hilton Eugene & Conference Center on Wednesday from 2 p.m. to 5 p.m.

The annual event features two panels of speakers - one of local industry experts, the other of economists - plus a keynote speaker.

The speaker will be Jack Isselmann, deputy director of the Oregon Economic & Community Development Department.

Isselmann is standing in for Intel Corp. executive Bill Mackenzie, who was unable to make the event.

Isselmann was appointed by Gov. Ted Kulongoski two months ago.

He previously was general counsel at Electro Scientific Industries, and before that was a lawyer for Intel.

The conference is co-sponsored by The Register-Guard and the Eugene Area Chamber of Commerce. For information, call the chamber at 484-1314.

Software developer EDX

returns to local ownership

EDX, a Eugene-based developer of software for the wireless industry, is once again locally owned.

EDX's local management team and two other industry executives recently bought the EDX division of Comarco Wireless Technologies Inc. Comarco, based in Irvine, Calif., had owned EDX since 2000.

The purchase price was not disclosed.

EDX also announced the appointment of Steven Totty as CEO. Totty has worked in the wireless industry for 25 years.

EDX has seven employees and is at 101 East Broadway in downtown Eugene.

STATE

Elmer's Restaurant spends

$1.3 million to buy back stock

PORTLAND - Elmer's Restaurant Inc. has spent $1.3 million to buy back 204,205 shares of its lightly traded common stock.

The Portland-based restaurant chain purchased the stock at $6.43 a share, 20 cents a share above the stock's average trading price since last July.

Elmer's total outlay of $1.3 million included fees and expenses related to the tender offer, which was completed Dec. 10 to Jan. 14.

About 1.8 million shares remain in the market.

Firms often buy their stock in hopes that with fewer shares available for purchase in the open market, the price will increase, or because they believe the stock is undervalued and it represents an attractive investment.

- From Register-Guard

and news service reports
COPYRIGHT 2004 The Register Guard
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Title Annotation:Business; METRO
Publication:The Register-Guard (Eugene, OR)
Geographic Code:1USA
Date:Jan 20, 2004
Words:367
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