NH OUTLOOK, Tuesday, 5/4/2004
script iconPre #1 Start Up script iconGoodnight
script iconPre #2 apogent script iconTonight 10:00
script iconPre#3 Sen Moments script iconNH's VC Spending
script iconHello script iconflextronics wire
script iconIntro Start Up NH script iconkey: state politics/government
script iconApogent script iconkey:eoncomy/business
script iconDiscussion script iconkey:state politics/government
script iconFlextronics script iconkey:eoncomy/business
script iconIntro Feldstein script iconkey:health/healthcare
script iconIntro Senior Moments script iconkey:culture/arts
script iconTag Senior Moments script iconWEB PROMO
script iconWeb Pointer script iconApogent Layoffs
script iconTomorrow  


script iconPre #1 Start Up
Return to index of stories...
The Governor hands out a quarter-of-a million dollars to "start up" new businesses.
script iconPre #2 apogent
Return to index of stories...
Plus, from start up to shutdown. We'll look at where some of the jobs are going and get a look at the business forecast.
script iconPre#3 Sen Moments
Return to index of stories...
And later, a look at the challenges of getting old in the Granite State.
script iconHello
Return to index of stories...
Hello. I'm Beth Carroll. Welcome to New Hampshire Outlook.
script iconIntro Start Up NH
Return to index of stories...
Once upon a time, a well known businessman decided to hold a competition. He'd hand out a quarter of a million dollars and the winner would get to run a company. No, it's not the Apprentice - it's the Start Up NH business plan competition. And the businessman turned Governor is Craig Benson. Julie Donnelly was there.
script iconApogent
Return to index of stories...
The Start-up NH Business Competition is another effort to jump start businesses in the state, including the high-tech sector. NH -- which had been First in the nation when it came to high-tech jobs per capita -- has dropped down to 9th. Technology firms are not hiring in significant numbers -- and, the layoffs keep coming.
Just last week we learned that 50 workers at Apogent Technologies in Portsmouth will be losing their jobs when the company completes a merger with Fisher Scientific International.
The company designs and manufactures lab equipment for health-care companies and scientific research. The merger is expected to close sometime this summer.
script iconDiscussion
Return to index of stories...
Here to Talk about the "health" of the NH High-Tech Sector are: Professor Ross Gittell from the Whittemore School of Business & Economics at UNH, and Stuart Arnett, Director of the NH Division of Economic Development at the Department of Resources and Economic Development.
Q Professor Gittell: The High-tech industry went from Boom to Bust. Here in NH we've seen a significant decline of hi-tech jobs. Just, a few years back NH had 3rd largest concentration of High-Tech workers in the country.
Is that STILL the case?
script iconFlextronics
Return to index of stories...
As for Manufacturing Woes, the latest sign of troubles came just last week when
Flextronics International announced it was closing its doors in June. With it goes
400 jobs.
The company, which makes computer components, had a high of almost 800 workers back in 2001 when it moved its facility to the Pease International Tradeport. The Singapore-based company purchased the manufacturing operations of the former
Cabletron Systems.
A slowing economy was blamed for its dwindling workforce.
Flextronics was having difficulty trying to develop new customers for its NH operation.
Q Let's talk about Offshore OUTSOURCING. We know companies like Flextronics
which began layoffs a couple of years ago -- began farming out work to China.
Ross Gittell. How big a factor has that been in terms of JOB LOSSES In NH?
script iconIntro Feldstein
Return to index of stories...
New Hampshire is not only a great place to work. It's a great place to retire.
But how can seniors lead happy and healthy lives?
That was the focus of the fourth annual New Hampshire Conference on Aging held Tuesday in Concord.
There were a wide range of issues discussed including volunteerism, finding appropriate housing, and living on a fixed income. The keynote speaker was Lew Feldstein, president of the New Hampshire Charitable Foundation. He spoke about the serious risks to health posed by loneliness in old age. Producer Richard Ager talked to him about some of his findings.
script iconIntro Senior Moments
Return to index of stories...
Finally, the conference on aging addressed serious issues, but some of the participants dealt with those issues in a light-hearted manner. For example, the Senior Moments Theatre Troupe, a group that began in 19-99 with a unique mission: to write and produce original plays and skits that deal with issues important to seniors. They began with a familiar tune - but very different lyrics.
script iconTag Senior Moments
Return to index of stories...
The Senior Moments Theatre troupe will perform at the Seacoast Reperatory Theatre next month.
script iconWeb Pointer
Return to index of stories...
That is it for this edition of our program.
For information and links to our guests and interviews,
connect with us on-line at nhptv.org.
Join our online discussion and tell us what's on your mind.
You can also find streaming video of all our broadcasts.
script iconTomorrow
Return to index of stories...
On the next New Hampshire Outlook - uncovering history.
We'll talk to the people behind the Harriet Wilson project.
They want her recognized as the first black woman to ever publish a novel.
script iconGoodnight
Return to index of stories...
I'm Beth Carroll. Thanks for watching.
We'll see you next time.
script iconTonight 10:00
Return to index of stories...
Tonight on New Hampshire Outlook.
Uncovering history.
Meet the people behind Milford's Harriet Wilson project.
Tonight at 10:00 only on New Hampshire Outlook.
script iconNH's VC Spending
Return to index of stories...
NH Economic and Labor Market Information Bureau
in 2002 NH ranked in top 5 states for venture capital as a percentage of gross state product
Software, Medical equipment and networking equipment claimed the largest share of NH"s venture capital dollars between 20-02 and 2003.
Venture capital for expansion purposes increased to 57-percent.
Later stage financing increased from 10-20%.
VC Spending in NH
script iconflextronics wire
Return to index of stories...
Flextronics announced Monday it is closing its facility at Pease International Tradeport in June and laying off an estimated 400 workers.
Flextronics International, which is a contract manufacturer of electrical components for computers, has been located at the tradeport since 2001 after moving its facility from Rochester. The Singapore-based company purchased the manufacturing operations of the former Cabletron Systems.
Foster’s Daily Democrat has learned approximately 400 people worked at the plant, with about 200 of those on a temporary basis.
An employee, who asked not to be identified, said there were postings throughout the building telling the staff to assemble for a meeting at 3 p.m. on Tuesday.
"Everybody joked about getting laid off because of the big audit coming up. When we got in the meeting, they basically read the letter and passed it out and said, ‘Have a good day.’ There was a lot of irate employees asking a lot of different questions. It was tense amongst everybody," the employee said.
The letter said changes in the business climate forced the closure. The company had been trying to develop new customers for its New Hampshire operation, "but new business has not developed at a fast enough pace or sufficient volume to sustain our operation."
The company has been working on switches, routers, wireless optical technology, systems configuration and board assembly for companies like Enterasys Networks.
"We very much appreciate the hard work and dedication all of you have shown in supporting our customers’ requests," the letter went on to say.
The official closure date is June 27. The letter said employees will continue to receive regular wages and benefits until that date, provided they remain employed through that date.
The employee said he was very angry about the layoffs, especially since they were paying everybody low wages to begin with.
He said about half the work force were temporary workers who had not been bumped up to full time.
"I’ve been there about six weeks. I finally get a job that I enjoy only to find out that I’ll get another job," he said.
"You can have all the certificates in the world and still have to be working here. There’s people working there now that have BAs and masters," he said.
Company officials said they were downsizing on Tuesday, but offered no official explanation.
Renee Brotherton, senior director of corporate marketing at the plant, said Tuesday the decision to close is part of a "consolidation and integration plan."
When contacted by telephone, Brotherton said "I have no comment," but said she would issue a statement. She did not return a follow-up phone call.
Bob Egan, general manager of the local Flextronics site, could not be reached for comment.
Flextronics announced the layoffs on the same day it gave its fourth-quarter earnings report to investors. Net sales for the fourth quarter were a record $3.8 billion, which represents an increase of $708.6 million, or 23 percent, over the previous year’s quarter.
Net sales for the fiscal year reached a record $14.5 billion, which represents an increase of $1.2 billion, or 9 percent over fiscal 2003. Its stock rose 3 cents on Tuesday, closing at $18.46 a share.
The company has been gradually shedding jobs since 2001. Because of the slowdown in the economy and Sept. 11, 2001 terrorist attacks, there was less demand for the electrical components the company manufactures for bigger firms.
From a high of almost 800 workers in 2001, the company had successive rounds of layoffs in July, October and November of 2001 and February of 2002. The work force had bottomed out at about 250 and was estimated at 400 currently.
Flextronics was originally envisioned as the tradeport’s largest construction project. They constructed two 100,000-square-foot buildings at the tradeport and planned to construct additional buildings in second phase.
Despite the slowing economy, it was contractually obligated to proceed with construction on a third 100,000-square-foot building.
Flextronics will continue to pay rent to the Pease Development Authority for those soon-to-be-vacated buildings. The company’s overall site spans 40 acres and the company has a 30-year lease with the PDA at a cost of $13,000 per acre.
PDA Interim Executive Director David Mullen is on vacation this week and could not be reached for comment. PDA Chairman William Bartlett also did not return a call seeking comment.
Peter Hamelin, president of the Greater Portsmouth Chamber of Commerce, said the news was a "shock."
"It’s a disappointment to see Flextronics leave. We had hopes that Flextronics was going to continue to grow here," he said. "The bigger question is to figure out how and when we can keep the manufacturing jobs here in this country."
Hamelin said that with the departure of Flextronics from Pease, he would like to see the three buildings filled with further manufacturing jobs.
City Manager John Bohenko said he is concerned about the loss of jobs.
"In terms of how it will effect the local budget immediately, it won’t, because they have a long-term lease and the property taxes will be paid," he said.
Bohenko, who is also on the PDA board, said he anticipated the agency would be prepared to work with whoever approaches Flextronics about using the space. The Department of Resources and Economic Development will be able to assist.
He said Flextronics’ type of business as a contract manufacturer is subject to contraction and expansion, based on the economy. A similar thing happened with Celestica, another contract manufacturer that vacated its facility at the tradeport.
Steve Berg, of Sargent Consulting Ltd., a real estate valuation, consulting and litigation service, said this news follows an international trend of downsizing manufacturing.
"The loss of manufacturing jobs will be replaced by service jobs," Berg said. "Jobs are going where jobs are cheaper. Jobs leaving Flextronics is just an example."
"I think it’s more psychological than anything," Berg said. "There is at anytime close to 25,000 to 30,000 people employed in Portsmouth at anytime. It’s not the end of the world.. It’s not good but it’s not terrible, if we are only talking a couple hundred people."
Berg added that while this is bad for the local economy, it is only a "bump in the road" on the way to economic recovery.
"Everything people love in Portsmouth is still here. We are doing very well relative to other parts of this country," he said.
script iconkey: state politics/government
Return to index of stories...
NEW HAMPSHIRE OUTLOOK Air Date/Time: 05/04/04 22:00
HOST: Beth Carroll Length: 07:30 minutes
In this edition of New Hampshire Outlook, NHPTV's nightly news magazine, The Governor hands out a quarter-of-a million dollars to "start up" new businesses. Plus, from start up to shutdown. We'll look at where some of the jobs are going and get a look at the business forecast. And later, a look at the challenges of getting old in the Granite State. Once upon a time, a well known businessman decided to hold a competition. He'd hand out a quarter of a million dollars and the winner would get to run a company. No, it's not the Apprentice it's the Start Up NH business plan competition. And the businessman turned Governor is Craig Benson. Julie Donnelly was there.
PRODUCER/REPORTER: Julie Donnelly NAME OF PARTICIPANTS: John LaPlante\CTO, Active Shock Inc, Brian Carne\CEO, Data Inquiry, James Perkins\CEO, Accentus, Julie Gustafson\Start Up NH Judge, Julie Donnelly\NH Outlook, Roy Pang\CEO, Woomsera Therapeutics, Craig Benson\NH Governor, Christopher Jay\CEO, Piggy Banc
script iconkey:eoncomy/business
Return to index of stories...
NEW HAMPSHIRE OUTLOOK Air Date/Time: 05/04/04 22:00
HOST: Beth Carroll Length: 07:30 minutes
In this edition of New Hampshire Outlook, NHPTV's nightly news magazine, The Governor hands out a quarter-of-a million dollars to "start up" new businesses. Plus, from start up to shutdown. We'll look at where some of the jobs are going and get a look at the business forecast. And later, a look at the challenges of getting old in the Granite State. Once upon a time, a well known businessman decided to hold a competition. He'd hand out a quarter of a million dollars and the winner would get to run a company. No, it's not the Apprentice it's the Start Up NH business plan competition. And the businessman turned Governor is Craig Benson. Julie Donnelly was there.
PRODUCER/REPORTER: Julie Donnelly NAME OF PARTICIPANTS: John LaPlante\CTO, Active Shock Inc, Brian Carne\CEO, Data Inquiry, James Perkins\CEO, Accentus, Julie Gustafson\Start Up NH Judge, Julie Donnelly\NH Outlook, Roy Pang\CEO, Woomsera Therapeutics, Craig Benson\NH Governor, Christopher Jay\CEO, Piggy Banc
script iconkey:state politics/government
Return to index of stories...
NEW HAMPSHIRE OUTLOOK Air Date/Time: 05/04/04 22:00
HOST: Beth Carroll Length: 12:30 minutes
In this edition of New Hampshire Outlook, NHPTV's nightly news magazine, The Governor hands out a quarter-of-a million dollars to "start up" new businesses. Plus, from start up to shutdown. We'll look at where some of the jobs are going and get a look at the business forecast. And later, a look at the challenges of getting old in the Granite State. Here to Talk about the "health" of the NH High-Tech Sector are: Professor Ross Gittell from the Whittemore School of Business & Economics at UNH, and Stuart Arnett, Director of the NH Division of Economic Development at the Department of Resources and Economic Development.
PRODUCER/REPORTER: Dawn Deangelis NAME OF PARTICIPANTS: Stuart Arnett\NH Division of Economic Develop Ross Gittell\UNH Prof of Management
script iconkey:eoncomy/business
Return to index of stories...
NEW HAMPSHIRE OUTLOOK Air Date/Time: 05/04/04 22:00
HOST: Beth Carroll Length: 12:30 minutes
In this edition of New Hampshire Outlook, NHPTV's nightly news magazine, The Governor hands out a quarter-of-a million dollars to "start up" new businesses. Plus, from start up to shutdown. We'll look at where some of the jobs are going and get a look at the business forecast. And later, a look at the challenges of getting old in the Granite State. Here to Talk about the "health" of the NH High-Tech Sector are: Professor Ross Gittell from the Whittemore School of Business & Economics at UNH, and Stuart Arnett, Director of the NH Division of Economic Development at the Department of Resources and Economic Development.
PRODUCER/REPORTER: Dawn Deangelis NAME OF PARTICIPANTS: Stuart Arnett\NH Division of Economic Develop Ross Gittell\UNH Prof of Management
script iconkey:health/healthcare
Return to index of stories...
NEW HAMPSHIRE OUTLOOK Air Date/Time: 05/04/04 22:00
HOST: Beth Carroll Length: 2:40 minutes
In this edition of New Hampshire Outlook, NHPTV's nightly news magazine, The Governor hands out a quarter-of-a million dollars to "start up" new businesses. Plus, from start up to shutdown. We'll look at where some of the jobs are going and get a look at the business forecast. And later, a look at the challenges of getting old in the Granite State. New Hampshire is not only a great place to work. It's a great place to retire. But how can seniors lead happy and healthy lives? That was the focus of the fourth annual New Hampshire Conference on Aging held Tuesday in Concord. There were a wide range of issues discussed including volunteerism, finding appropriate housing, and living on a fixed income. The keynote speaker was Lew Feldstein, president of the New Hampshire Charitable Foundation. He spoke about the serious risks to health posed by loneliness in old age. Producer Richard Ager talked to him about some of his findings.
PRODUCER/REPORTER: Richard Ager NAME OF PARTICIPANTS: Lew Feldstein\NH Charitable Foundation
script iconkey:culture/arts
Return to index of stories...
NEW HAMPSHIRE OUTLOOK Air Date/Time: 05/04/04 22:00
HOST: Beth Carroll Length: 1:20 minutes
In this edition of New Hampshire Outlook, NHPTV's nightly news magazine, The Governor hands out a quarter-of-a million dollars to "start up" new businesses. Plus, from start up to shutdown. We'll look at where some of the jobs are going and get a look at the business forecast. And later, a look at the challenges of getting old in the Granite State. Finally, the conference on aging addressed serious issues, but some of the participants dealt with those issues in a light-hearted manner. For example, the Senior Moments Theatre Troupe, a group that began in 19-99 with a unique mission: to write and produce original plays and skits that deal with issues important to seniors. They began with a familiar tune - but very different lyrics.
PRODUCER/REPORTER: NAME OF PARTICIPANTS:
script iconWEB PROMO
Return to index of stories...
Tonight on New Hampshire Outlook.
. Tonight at 10pm on New Hampshire Public Television.
script iconApogent Layoffs
Return to index of stories...
-NH--Apogent Lay-Offs
50 Apogent workers laid off after merger
kcmpor
-- Fifty workers at Apogent Technologies in
Portsmouth will lose their jobs when the company
completes a merger with Fisher Scientific International.
The remaining 30 employees working at Apogent will move to
Fisher.
The company designs and manufactures laboratory equipment for
health-care companies and scientific research. It has domestic and
international operations and employs about 10-thousand people
worldwide.
Fisher has an agreement to buy Apogent Technologies for about
two-point-seven billion dollars in stock. The deal also
involves nearly a billion dollars in debt assumption.
The company says the merger is expected to close between July
and September.
AP-NY-04-29-04 1052EDT
Copyright © 2024
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.
Associated Press text, photo, graphic, audio and/or video material shall not be published, broadcast, rewritten for broadcast or publication or redistribution directly or indirectly in any medium. Neither these AP materials nor any portion thereof may be stored in a computer except for personal and non-commercial use. AP will not be held liable for any delays, inaccuracies, errors or omissions therefrom or in the transmission or delivery of all or any part thereof or for any damages arising from any of the foregoing.