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SECTION 2 - PAGE it - PLAINDEALER - WEDNESDAY, JUNE 27,1984 Business New MBA program announced at IIT Realtor of Year named A new MBA program for technology managers will be offered by IIT this fall in the northwest and west suburbs. The program has been specifically planned to ready engineering and science professionals for management responsibilities in intensively technical environments: Applications are oow being accepted for the fcOl Semester, Which begins Sept. 6, ft the Gould Center, Rolling Meadows, arid at North Central College, Naperville. Open house meetings to in­ troduce the programs to prospective students and their communities will be held at Gtiuld, Main Tower Auditorium, June 26,6 to 8 p.m., and June SO, 10 a.m. to 12 p.m.; at North Central, Lawrence Academy Center, June 28,6 to 8 p.m., and Jtftie 30, 10 a.m. to 12 p.m. •The program will offer specializations in research and engineering management, in­ formation resources management, industrial management, and business marketing. "This program differs from the more traditional MBA program in that it focuses on the special needs of engineers and scientists moving into more senior-level positions in technology-based companies," said Joel D. Goldhar, dean of Illinois Institute of Technology's School of Business Ad­ ministration. "Courses in the program are designed to examine the impact of technology and how it effects the way a company gets its work done and what is needed to keep a company competitive in a particular industry," he said. During the first half of the progarm, students concentrate on courses that provide managerial tools and skills for understanding, analyzing, and managing modern business firms, such as microeconomics, business finance, marketing management, statistics and accounting. In the second year, studeis are focused on more advanced topics relating to key business functions and strategies of their particular specializations. The teaching staff for this program is the regular HT School of Business Ad­ ministration faculty, sup­ plemented by experienced practitioners from business and industry. IIT faculty from science and engineering departments also will teach some courses. Each course, which is two credit hours, will meet weekly on Monday and Thursday evenings with a maximum load of four courses permitted during each of three semesters during a calendar year. Fast track students can complete the program in two calendar years of studies. Tuition for the program for the 1984-85 academic year is $230 per credit hour. All applicants for the program must meet IIT's regular ad­ missions requirements for graduate sutdy. Successful applicants generally will have three or more years work ex­ perience, probably in a technical environment, and a bachelor's or master's degree in engineering, physical science, math or computer science. MBA candidates are required to take the Graduate Management Admissions Test (GMAT). Admission to the program is based on a com­ bination of grades, GMAT scores, work experience and recommendations. An interview with the MBA Program Director is recommended, but not required. For more information about the MBA program, write or call Marcia Edison, director MBA Programs, Illinois Institute of Technology, School of Business Administration, 77 South Wacker Dr., Room 623, Chicago, 111. 60606, (312) 567-5878. JOHN P. JUNG John P. Jung has been named the 1964 Realtor of the Year by the McHenry County Board of Realtors. Jung's faithfulness to the principles of organized real estate, and the laws and regulations of the board, the national code of ethics and continuing efforts to encourage good real estate practices are the primary reasons for his having been selected. He has been an active member of the board of realtors since he joined the group in 1973. He has served as board president, director, secretary, treasurer and on various committees during those years, and he has been involved on the, state level with the political affairs committee. Jung has been appointed also to the Illinois Association of! Realtors strategic planning! committee. He has also been involved with; many charitable fund-raising- activities, including Windsong farm (a facility for retarded! children), muscular dystrophy: campaigns and Easter Seals! TC Industries gets award Illinois Bell seeks return to disabled market Illinois Bell has asked the Illinois Commerce Commission td'approve a plan for the com­ pany to return to the business of providing telecommunications equipment for the disabled. "Illinois Bell has a long tradition of providing equipment and services to the disabled," said M.J. Eichelberger, manager of Illinois Bell's Communications Center for the Disabled. "Indeed, helping everyone to communicate is part of a tradition that goes all die way back to Alexander Gaham Bell, who dedicated Us life to helping the disabled/' AT&T currently leases four items of equipment to disabled customers: two teleprinters, a signalling device and a tone ringer. Illinois Bell proposes to accept the transfer of ownership of these items from AT&T to Illinois Bell. They would con­ tinue to be leased to disabled customers at rates authorized by the ICC. In addition, Illinois Bell plans by this autumn to file tariffs under which the company will offer for lease or sale telecommunications devices for the deaf (TDDs) in addition to the printers. The company also plans to offer later this year on a detariffed basis: hearing amplifiers, special ringers or light flashers, speech devices, vision devices and motion devices. This equipment will be offered to those persons whose hearing, speech, vision or mobility is impaired - or to persons who require such equipment to communicate with disabled persons. Equipment can be purchased for cash or credit, or on a four- month payment plan. Prices will be set tt> cover Illinois Bell's cost. Equipment will be under warranty for the period specified by the manufacturer. Illinois Bell will assist customers in having equipment repaired - even after the warranty period has expired. In addition, Illinois Bell will help arrange the loan of equipment to persons " whose equipment is being repaired. When available, the equipment will be displayed at the Communications Center for the Disabled, 225 W. Ran­ dolph, Chicago. The Processed Steel Division of TC Industries, Inc., of Crystal Lake, received the Caterpillar Quality Assured Supplier Certification Award from the Caterpillar Tractor Co., of Peoria, for the production of ground engaging tools, i.e. cutting edges and end bits for motor graders, dozers and scrapers and cutting edges and wear plates for buckets for front end loaders and backhoes. The certification award is renewable annually and recognizes suppliers of specified components and materials that, consistently meet Caterpillar quality standards. The Caterpillar Quality • Assured Supplier Certification is not easily achieved and the attaining of this level of quality! in the products produced for Caterpillar Tractor Co. is a credit to the managerial and supervisory personnel and each individual employee. Modine stock goes national \Volfmeyer named manager it Richmond industry Real estate questions SCOTT WOLFMEYER i Scott R. Wolfmeyer has been appbinted to the new position of manager, aerospace and defense products, by the Claud S. Gordon Company, Richmond, a' subsidiary of Pneumo Cor­ poration. In his new product management position, Wolf­ meyer will be responsible for the marketing and business management of Gordon's aerospace and defense related products, including aircraft engine temperature probes and harnesses; air, oil and fuel temperature sensors; test cell probes and instrumentation; and specialty insulated wire and metal sheathed cable. Wolfmeyer is a 1976 graduate of the United States Air force Academy with a B.S. degree in civil engineering. He served six years as a C-141 transport pilot, and also performed aircraft accident investigations as a flying safety officer. In 1982, after earning an MBA degree from Southern Illinois University, Wolfmeyer joined the Gordon Company as a senior project engineer responsible for design engineering of aerospace temperature sensors. He is a member of the Instrument Society of America and the American Institute of Aeronautics and Astronautics. By Yvonne Beer, executive vice-president, McHenry County Board of Realtors. The McHenry County Board of Realtors responds to questions about real estate. Q. We have about $15,000 in savings and are thinking about using it for a downpayment on a house. Only $7,000 is required for the downpayment, but we'd like to put more of our savings down to cut the monthly mortgage parents. In the long run, which choice makes the most economic sense? which shows that savings and loans are issuing a record number of home mortgages. Why? A. The fact that home sales are continuing at a healthy pace is part of the reason. Other Modine i. Manufacturing Company's common stock (MODI) began trading today on the NASDAQ over-the-counter market system as a National Market Issue. Previously, Modine was listed exclusively on the Midwest Stock Exchange. Founded in 1916, Modine is the world's largest independent manufacturer of engine-cooling equipment. Modine has 16 plants in North America. Last month, Modine reported the formation of a joint-venture operation to serve the automotive original- equipment-manufacturer : market in Europe. Last week; Modine reported the acquisition of a 45-percent interest in a European heat-exchangec manufacturer that primarily serves the automotive af* termarket. During the fiscal year ended March 31, 1984^ Modine earned $12,684,000, or $4.40 per share, on sales of $225,472,000. The average number of common and com­ mon stock equivalent shares outstanding during the last fiscal year was 2,883.819. Z large availability of funds f&flF Maaig&iifeffl agrriETKffed savings institutions to loan and fears that further interest rate increases, resulting from federal budget deficits, are causing a lot of mortgage ac­ tivity to take place now. by Memorial Hospital board ealtors ECORD State seeks more accurate tax distribution A. Put the minimum amount down that still results in mon­ thly payments you can afford. This will allow you cash for emergencies or other in­ vestments. In addition, if your mortgage loan is assumable, it may make it easier for you to resell your home in the future. If you do make a larger downpayment, it will lower the monthly mortgage costs-but all your money would be tied up in the house. A better alternative may be to invest it and use the income to help with your housing costs. Then, if you need cash for other purposes in the future, it will be readily available. Q. I saw a recent statistic In addition, the increasing use of adjustable-rate mortgages (ARMs), which carry lower initial interest rates, is allowing more home buyers to qualify for loans. If you have any questions relating to real estate, send them to the McHenry County Board of Realtors, 1065 Lake Ave., Woodstock, IL, 60098. Unfortunately, the board cannot guarantee a response to all questions. ATTENDS CONFERENCE Dr. Leonard C. Bottari and Helen M. Freund were to area residents who recently attended OptiFair '84, the largest ophthalmic conference in the Midwest. Featured at the exhibition were the latest products, technology and ser­ vices now available in the vision care field. The Memorial Hospital Corporation board of directors has selected Hospital Cor­ poration of America (HCA) to provide management services for Memorial Hospital. HCA is the nation's oldest hospital management organization, formed in 1968, and it is the country's largest manager of community not-for- profit hospitals. The board of directors retains complete ownership and control. HCA will provide specialists in many areas, such as financial operations, patient care, long- range planning, medical records, inventory control, maintenance and community relations. The board of directors in­ terviewed representatives of three well-recognized hospitaT management firms before: making its decision to completer negotiations with HCA. HCA is based in Nashville, Tenn. and currently manages four- hospitals in Illinois. Edward Schott, district vice president, will serve as the liasion between the Memorial Hospital board and HCA. HCA will provide the executive director from the professionals on its staff. In turn the executive director will have specialists available at all times, based on his experience and localized needs. Hartigan files misrepresentation suit Illinois Attorney General Neil F. Hartigan has filed suit against an Elmhurst company and its president alleging misrepresentation of em­ ployment opportunities and potential earnings to job ap­ plicants. The suit also alleges that a $300 fee was charged, to be returned upon completion of a "training program." The suit named American International Systems Midwest, Inc., and its president Paul Silverman. Gov. James R. Thompson said he supports legislation that will allow for more accurate atfocation of local sales tax dollars collected by the state and returned to local govern­ ments. ^The Department of Revenue collects the one percent local s^les tax and then distributes it back to the cities. However, the department currently doefe not receive enough information from all businesses to ensure that the local sales tax revenues generated in one municipality age correctly sent back to that municipality. In a few cases, municipalities are overpaid or underpaid. Money must then be returned to the department for proper distribution. "Because taxpayer reports are often made from regional or national headquarters, those reports don't always provide accurate information on retail locations in the town where the business is located," the governor said. «"House BUI 2360 will help solve this problem and ensure that local communities and the department don't have to go through the inconvenience and fiscal problems created by having to redistribute tax dollars." There currently are about 80 misallocation cases under review by the department. The legislation, sponsored by Rep. Judy Baar Topinka, R- Riverside, would require retailers to provide specific addresses and names for each retail location. The department would then create a list for each municipality to be checked and updated periodically, with the municipality notifying the department of changes or errors on the list. A limit of two years would be established initially for recapturing misallocated funds. The cost to the state would be about $800,000 in Fiscal 1&5 for system development and $300,000 to $500,000 annually thereafter for mailing and list updates. SERVICE LINE: A LISTING OF NON-PROFIT ORGANIZATIONS COMPILED AS A PUBLIC SERVICE TO McHENRY McHENRY CHAMBER OF COMMERCE 385-4300 FAMILY SERVICE & MENTAL HEALTH CENTER 4302 G West Crystal Lake Rd. McHenry, IL 60050 815-385-6400 1 TURNING POINT-DOMESTIC VIOLENCE STRESS LINE McHenry County 24 hours a day, 7 days a week Parents Anonymous meetings on Tuesday. Call 815-338-8080 FEDERAL GOVERNMENT GENERAL SERVICES ADMINISTRATION 202-755-8660 Hours:7:30 a.m. to 5:30 p m week days lEver had a problem involving the federal government and not known where to call? And then been given the runaround or referrals by persons who meant well but didn't know how to help" Ten specialists available at this center I NATIONAL RUN-AWAY SWITCHBOARD Illinois Phone:800-972-6004 (For confidential conversations on problems deakng with run away children I MOVING HOTLINE Phone 800-424-9213 (Complaints about interstate moving by companies, buses ur trams. Spon sored by Interstate Commerce commisioiT I > STATE CHAMBER GOVERNMENT REGULATIONS HOTLINE 217-522-5514 BIRTHRIGHT Pregnant7 Need Help? Counseling Service 385-2999 24 hour Answering Service ILLINOIS DEPARTMENT OF CHILDREN AND FAMILY SERVICES 24 Hours Child Abuse Hotline TOLL FREE: 800-252-2878 CONSUMER PRODUCT SAFETY COMMISION 800-638-2666 lOperates five national lines Answers inquiries about or reporting on the safety of products from kitchen appliances to children's toys I NATIONAL SOLAR HEATING AND COOLING INFORMATION CENTER 800-523-2929 P OBox 1607, JHockviHe. Md 20850 (Dispenses information on solar systems for heating and cooling to anyone from architects to home owners looking for a sun powered hot water system! YOUTH SERVICE BUREAU FOR McHENRY COUNTY 4719 W tlm St .McHenry Phone:344-3240 24 hours Crisis Intervention and Confidential Counseling for youth and families NATIONAL HIGHWAY TRAFFIC SAFETY ADMINISTRATION Phone 800-424-9393 I Answers questions abou* automobile safety delects or whether a particular model has evei been recalled Valuable toi those interesed in buying a used Ca" MENTAL HEALTH 1-800-892-8900 Cnsis Cente' Line lur McHenry Co 24 hour Emergency number and professional stefl will answer your call- Sponsoring agency McHenry County Comprehensive Mental Health Service System NATIONAL NEIGHBORHOOD WATCH ASSOCIATION Post Office Bo* 17400, Washington, 0 C 20fi41 Phone(703)471 -0404 CONSUMER PROTECTION DIVISION 312-793-3580 Chicago, II ILLINOIS STATE CHAMBER HOTLINE Phone:217-522-5514 Answer to questions on government requlations. McHENRY COUNTY CETA OUTREACH CENTER 666 Russel Ct. Woodstock. II60098 Phone(815)338-7100 Job Training Ottered McHENRY COUNTY ASSOCIATION FOR THE RETARDED Robert G Lambourn, Executive Directoi Phone:344-1230 ALCOHOLICS ANONYMOUS (815)455-3311 McHENRY COUNTY SENIOR CITIZENS COUNCIL 800-892-3272 Monday through Friday, 8 .10 a in tu 4 30 () m PRAIRIE STATE LEGAL SERVICES. INC. 800-942-3940 free legal representation In civil rases to.low income persons landloid tenant disputes, domestic violence.or improper denial of benefits siii ' as Social Security, Public Ani. food Stamps, General Assistance & Unem |t|uyment Insurance SUPPORT GROUPfOR MEN WHO BATlER Mteis eveiy Thuisday 6 7pm For information call 338-8080 COMPASSIONATE FRIENDS Mi Hi:nrv I.uuii!\ Chapter ifoi bereaved (larwifxi Call 385-5732 1