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Gas industry

Business News Roundup: January 7, 2000

Strategic Insights

— 3 min read

Business leaders and entrepreneurs in the southern United States achieved significant milestones on January 7, 2000, with numerous announcements and developments that highlighted the region's economic growth and innovation. This day saw the merger of major companies, the launch of new technologies, and the recognition of outstanding achievements in the industry.

Key Takeaways:

  • **Ocean Energy Announces Continued Gulf of Mexico Deepwater Successes:** Ocean Energy Inc. announced continued successes in the Gulf of Mexico deepwater region, marking a significant milestone in the company's expansion efforts.
  • **TiVo and Blockbuster Form Alliance:** TiVo and Blockbuster Inc. formed a strategic alliance, bringing the two companies together to revolutionize the way people access and enjoy digital video content.
  • **BJ Services Company Expects Earnings to Exceed Consensus Estimates:** BJ Services Company, a leading provider of oilfield services, announced that it expects to exceed consensus earnings estimates, reflecting the company's strong performance in the industry.
  • **Collegiate Pacific December Revenues Surge 91%:** Collegiate Pacific, a company involved in the education sector, reported a significant increase in December revenues, demonstrating the company's growth and success in the industry.
  • **Edsito Invests in GroceryWorks:** GroceryWorks, a grocery delivery and e-commerce company, named Fernandes, a former EDS Vice Chairman, as its new President and CEO, marking a significant move forward for the company.
  • **GAINSCO Completes Acquisition of Insurance Operations in Upper Midwest:** GAINSCO, a specialty auto insurance provider, completed its acquisition of insurance operations in the Upper Midwest, expanding the company's reach and capabilities.
  • **Summit Announces Completion of eBusiness Marketing Web Site:** Summit, a company involved in e-business marketing, announced the completion of its new web site, demonstrating the company's commitment to providing innovative internet marketing solutions.
  • **Texas Instruments Features Next-Generation Consumer Technology Advancements at CES 2000:** Texas Instruments, a leading technology company, showcased its latest advancements in digital signal processing at the Consumer Electronics Show (CES) 2000 in Las Vegas.

Statistics:

  • **Gulf of Mexico Deepwater Successes:** Ocean Energy Inc. announced continued successes in the Gulf of Mexico deepwater region, marking a significant milestone in the company's expansion efforts.
  • **Earnings Expectations:** BJ Services Company expects to exceed consensus earnings estimates.
  • **Revenue Growth:** Collegiate Pacific's December revenues surged 91%.
  • **Acquisitions:** GAINSCO completed the acquisition of insurance operations in the Upper Midwest.
  • **Internet Adoption:** Summit announced the completion of its eBusiness marketing web site.
  • **CES 2000 Attendees:** Texas Instruments showcased its latest advancements in digital signal processing at the Consumer Electronics Show (CES) 2000 in Las Vegas.

Sources:

  • **bc-TX-Cal-Farleys-Ranch (AMARILLO) World Record Marathoner to End Consecutive Running Streak**
  • **bc-TX-CT-Ashford-Jasmin (HOUSTON) Ashford.com to Acquire Jasmin.com**
  • **bc-TX-Pennzoil-iATN (HOUSTON) Pennzoil Announces Sponsorship of the International Automotive Technicians' Network**
  • **bc-CO-Pak-Mail-Just4Biz (ENGLEWOOD) Pak Mail and Just 4 Biz Introduce PakMailBizsupplies.com**
  • **bc-TX-Henley-Healthcare (SUGAR LAND) wallstreetinterview.com Interviews Joyce Heinrich of Henley Healthcare, Inc. Regarding FDA Filing of the Microlight 830 Laser**
  • **bc-TX-Ocean-Energy-Inc (HOUSTON) Ocean Energy Announces Continued Gulf of Mexico Deepwater Successes and Other Business Developments**
  • **bc-TX-Netpliance-USWEST (AUSTIN) U S WEST(R) Takes Equity Stake in Netpliance**
  • **bc-TX-HORIZON-Pharmacies (DENISON) HORIZON Pharmacies, Inc. Announces Completion of Pharmacy Systems Conversion**
  • **bc-NV-TiVo-Blockbuster (LAS VEGAS) TiVo and Blockbuster Inc. Form Alliance**
  • **bc-TX-nixhilton-marketng (FORT WORTH) nixhilton Introduced as Top-Three Internet Marketing Firm**
  • **bc-TX-Southwest-Air-traf (DALLAS) Southwest Airlines Reports December Traffic**
  • **bc-Summit-marketing-web (LONGVIEW) Summit Announces Completion of eBusiness Marketing Web Site**
  • **bc-NV-TiVo-Blockbuster /C O R R E C T I O N -- TiVo, Inc. (Nasdaq: TIVO)/**
  • **bc-OH-PopMail.com-agree (DALLAS) PopMail.com, inc. Signs Agreement with Dorling Kindersley Publishing**
  • **bc-TX-Remington-Ruling (DALLAS) Remington Oil and Gas Corporation Announces Louisiana Appeals Court Ruling in Phillips Litigation**
  • **bc-DC-CarrAmerica-Build (WASHINGTON) CarrAmerica Development Announces Completion of Build-To-Suit Office Building For Capital One in Dallas**
  • **bc-TX-BJ-Srvcs-estimate (HOUSTON) BJ Services Company Expects Earnings to Exceed Consensus Estimates**
  • **bc-TX-Collegiate-Pacific (DALLAS) Collegiate Pacific December Revenues Surge 91%**
  • **bc-PA-Adams-Cap-2nd-fund (SEWICKLEY) Adams Capital Management, Inc. Wraps Second Fund at $150 Million**
  • **bc-TX-Texas-Instruments (LAS VEGAS) Texas Instruments Features Next-generation, DSP-Based Consumer Technology Advances at CES 2000**
  • **bc-TX-US-Army-Corp-Engnr (FORT WORTH) Public Meeting Scheduled by U.S. Army Corps of Engineers to Seek Public Comment on Upper Trinity River Basin Environmental Document**
  • **bc-TX-GroceryWorks-CEO (DALLAS) GroceryWorks(TM) Names Former EDS Vice Chairman Fernandes as President & CEO**
  • **bc-TX-GAINSCO-acquisitn (FORT WORTH) GAINSCO Completes Acquisition of Insurance Operations in Upper Midwest**
  • **bc-NV-TiVo-Blockbuster /C O R R E C T I O N -- TiVo, Inc. (Nasdaq: TIVO)/**

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