Tuesday, January 28, 2003

Morning Memo


Hot tips & news to start your business day

Today's number: 30,000 - Customers of Sirius Satellite Radio Inc., which offers more than 100 radio channels that can be heard across the U.S., at the end of last year -- and six months after it started service, July 1.

Today's career tip: Do not despair if your current work situation is not particularly fulfilling or challenging because it is likely you are learning new and important lessons, Amy Joyce, author of I Went to College for This? How to Turn Your Job into a Career You Love,says. "Sometimes, the hardest decision anytime in our career, but especially when we are young, is to figure out when it's time to hit the road," she says. One big indicator is attitude: "It may be time to get going when collecting a paycheck just doesn't do it for you anymore."

Today's money tip: Before you can deduct unreimbursed business expenses from your income for tax purposes, they must exceed 2 percent of your adjusted gross income (AGI). Don't forget that trade journal subscriptions and union or professional organization dues count toward such business expenses.

Today's mover: Verline Dotson has been named chairwoman of the Ohio Head Start Association Inc. (OHSAI). Ms. Dotson is Head Start director at the Cincinnati-Hamilton County Community Action Agency, a national trainer, speaker and grant reader for the federal government. She graduated from the University of Cincinnati with a bachelor's degree and received her master's degree in social work from Clark Atlanta University.

Today's company: CMC ELECTRONICS CINCINNATI

LAUNCHING NEW IDEAS: CMC Electronics Cincinnati engineers, develops and produces sophisticated electronics equipment used by the government as well as private sector companies. Over the space of eight decades it has developed expertise in space and missile electronics, infrared detection, communications and electronic warfare.

NEW MONNIKER: The company was known as Cincinnati Electronics, but was acquired by CMC Electronics, Inc. (formerly Canadian Marconi Company) and in 2001 changed its name to CMC Electronics Cincinnati. Its headquarters in Mason includes a 230,000-square-foot manufacturing and testing facility.

DEFENSE AND BEYOND: The company continues to expand its portfolio. The Space Division manufactures products used in launch vehicles and spacecraft. Company infrared systems can warn aircraft of approaching missiles. CMC's new cryogenic coolers allow manufacturers to achieve quick, controlled temperature reductions for their materials.

PRODUCT CHECKUP: CMC Electronics Cincinnati Environmental Services Group does testing for the aerospace, aviation and defense industries. Tests include comprehensive testing, measurement and analysis to satisfy a wide range of electromagnetic interference and compatibility requirements, and environmental simulations such as vibrations and stress.