Out of 26 million Texans, you may have an idea to change the world. You may have had several ideas to change the world. But only a tiny minority of you pushed through the U.S. Patent office from application to successful patent. We've seen Texans change the world many times over. Jack Kilby did it with Texas Instruments in 1958 with the integrated circuit, causing the start of the digital revolution, which, in part, is why you can read these words over your electronic device.
Over the last few years, Texas Business has brought its feature: Texas Business Patent of the Day. This list is of the ones that were either extremely clever, odd or strange. One thing becomes apparent from these patents and the patent that runs daily in Texas Business—Texans have a unique mind set.
Though the history of the Corn Dog is disputed, the State Fair of Texas claims to have introduced the Corny Dog sometime between 1938 and 1942. As a paean to that invention that now sits in the freezer section of every grocery store in the southwest, here are the fried foods the State Fair of Texas has introduced, or tried to introduce, in the last seven years.
Don't get caught up with John Wayne religion. For one thing, he's not Texan. He's in some fine movies involving Texas, most notably The Searchers, but none of his movies can make the best cut of Texas movies. Here's the short list.
Unsung Texas Business Journalists Mention that one is a reporter, and there's a spark of interest. Mention that one is a business news reporter, and watch the eyes glaze over. Except to the players, business and economic journalists are unappreciated. While many wish to become sports reporters when they grow up, most do not realize that business journalists cover the Real Game. Mention that reporter covers business, and watch the eyes glaze over. A toast to these below on the short list and the numerous unnamed ones slogging away. Full Story » TexasBusiness.com
Best Texas Mexican Food: The Short List No, we're not going to debate the difference between Tex-Mex, Mex-Tex, Mexican and Texican food. Just know these establishments are the pinnacle of Texas Mexican fare. No brag, just fact. Full Story » TexasBusiness.com
Best Texas Burgers Texas Burgers. . While a hamburger is merely sustenance and gratification for a meal, the memory a good Texas burger can give rise to Homeric odes. The short list. Full Story » TexasBusiness.com
Austin’s Pervasive Software Inc. a global leader in embeddable data management and data integration software and in enabling scalable data-intensive applications, today announced that its board of directors authorized a new $10 million stock repurchase plan.
As of July 27, 2010, Pervasive Software Inc. has acquired approximately 345,000 shares of the company's common stock on the open market at a total cost of approximately $1.7 million, or approximately $4.89 price per share, during the quarter ending September 30, 2010. The company has now utilized the majority of the authorized repurchase funds under its $10 million stock repurchase program announced in March 2009 and this program is now closed. The company's Board of Directors has approved a new stock repurchase plan effective immediately, whereby the company may repurchase additional shares of its common stock with a value of up to $10 million. Depending on market conditions and other factors, such purchases may be commenced or suspended at any time without prior notice.
During the eighteen fiscal quarters since March 31, 2006, the company acquired approximately 8.9 million shares of its common stock on the open market at a total cost of approximately $37.7 million, or approximately $4.19 price per share. Total issued and outstanding shares of common stock has decreased over this period of time with approximately 16.8 million shares issued and outstanding as of July 27, 2010, compared to approximately 23.2 million shares issued and outstanding as of March 31, 2006. In addition, employee and director stock options outstanding as of July 27, 2010, including both "in-the-money" and "out-of-the-money" options, totaled approximately 2.4 million, a reduction compared to stock options outstanding as of March 31, 2006, of approximately 4.2 million.
“I am pleased with the results of our share repurchase program over the past four years,” said John Farr, president of Pervasive Software. “In each of the eighteen fiscal quarters since April 1, 2006, we have consistently returned equity to our shareholders while reducing our combined total shares issued and outstanding and the potential dilution represented by our outstanding stock options by 30%. And, even with $38 million invested in our share repurchase program over the past four years, we still maintained a significant absolute cash position. Our consistent profitability and positive cash flow from operations have allowed us to substantially reduce our total shares and options outstanding while also maintaining a very healthy balance sheet and enabling us to strategically invest in our flagship products, our emerging products and our new innovation initiatives for the future. The newly authorized share repurchase program reflects our continued confidence in the future of the business while also providing us a vehicle through which we can continue to return value to our shareholders.”
Pervasive Software helps companies get the most out of their data investments through agile and embeddable software and cloud-based services for data management, data integration, B2B exchange and analytics. The embeddable Pervasive PSQL(TM) database engine provides robust database reliability in a near-zero database administration environment for packaged business applications. Pervasive's multi-purpose data integration platform, available on-premises and in the cloud, accelerates the sharing of information between multiple data stores, applications, and hosted business systems and allows customers to re-use the same software for diverse integration scenarios. Pervasive DataRush(TM) is an embeddable parallel dataflow platform enabling data-intensive applications such as claims processing, risk analysis, fraud detection, data mining, predictive analytics, sales optimization and marketing analytics. For more than two decades, Pervasive products have delivered value to tens of thousands of customers in more than 150 countries with a compelling combination of performance, flexibility, reliability and low total cost of ownership. Through Pervasive Innovation Labs, the company also invests in exploring and creating cutting edge solutions for the toughest data analysis and data delivery challenges. Robin Bloor, chief research analyst and president, The Bloor Group and Founder, Bloor Research, recently cited Pervasive as one of the “10 IT Companies to Watch in 2010.”
The Texas News Scrawl is a handy reference to stories Texas Business recommends from other news sources. Some of the stories that Texas Business currently suggests include: ClubCorp buys Prestonwood Country Club in Dallas and Plano; Office Depot overcharged Dallas by up to $3.6 million, city auditor finds; Texas power market monitor resigns amid unresolved reform debate; U.S. Supreme Court denies review of Farmers Branch immigration ordinance; Aggie Vanishing Act: Sale of Texas Wesleyan’s law school to A&M leaves alumni out in the cold;ExxonMobil CEO Doesn't Want a Fracking Operation Near His Backyard bDrowned bridge worker’s employer had prior OSHA violations; Gates-led power-unit bankruptcy may revive Texas electric debate;Baylor will return 5,000 unsold Fiesta Bowl tickets; and more.