DID YOU HEAR? . . .
"It's like, hey, chill out for a while, back to what's important, hanging out with friends."
-- Ben Lilienthal, 26, who sold his Herndon company, Nascent Technologies Inc., for $6 million to CMGI Inc.
All that change in your pocket weighing you down?
The solution may be as close as your supermarket. Last month, Coinstar Inc. of Bellevue, Wash., put coin-sorting machines into 72 area supermarkets (most of them SuperFresh and Safeway outlets).
All you do is bring that jar of pennies, nickels, dimes and quarters to the supermarket, dump them in the Coinstar machine and wait (not very long, as it turns out, since the machine counts 600 coins per minute) for a voucher to print out. You can then cash in the voucher or use it to buy groceries.
Coinstar, which went public in 1997, bets that consumers are willing to pay an 8.9 percent processing fee to avoid having to sort, count and roll all those coins. For those who are math-deficient, that means giving away nine of every 100 pennies.
-- Tracy Grant
A Job With Dough
"Help wanted" must have sounded a little too direct, or desperate. So instead the job recruitment brochure for Einstein Bros. Bagels says "Chill. Everything's fine." Einstein Bros., which operates more than 500 bagel stores nationwide, including about 20 in the Washington area, plays on its casual atmosphere as a way to attract workers. "You're already coming here, so why not get paid to do it?" asks the same flier. With the national unemployment rate at a rock-bottom 4.3 percent, employers are having a hard time hiring, so why not be a little unconventional? By the way, Einstein is looking for Bagel Experts, Satisfaction Vendors and Bagel Engineers (that's shift leaders, customer service reps and bakers to you and me).
-- T. G.
Setting Its Cap For Growth
Beginning tomorrow, Atlantic Coast Airlines will be part of the S&P SmallCap 600 index. That's good news for the Dulles-based regional airline, which operates as United Express out of Dulles International Airport. Being added to an index usually boosts a stock as more institutional investors buy in. The small-cap index is a group of 600 domestic stocks chosen for their market size, liquidity and industry representation. Atlantic Coast (ticker symbol ACAI) becomes the third regional airline in the group.
-- T. G.
A photo caption in last week's Washington Business failed to identify attorney Roy Englert of Mayer, Brown & Platt. He is pictured here.
An item in last week's Washington Business misidentified the firm with which David Gladstone is affiliated. He is the vice chairman of American Capital Strategies.
CAPTION: ROY ENGLERT