On the Slide: CyberCash has found its replacement for Gene Reichers, who retired from his chief financial officer spot in December. Jim Condon, a senior manager at KPMG Peat Marwick, will join the software company March 17 as CFO.
Speaking of Staff Changes: Robert Veschi, who recently retired as president of Lockheed Martin's Integrated Business Solutions Co., is heading up Computer Data Systems Inc.'s new IT subsidiary. CDSI Solutions Inc., launched March 3, will provide IT services in commercial markets with an emphasis on outsourcing.
Thomas Armstrong shocked board members at a recent meeting in Washington of the Semiconductor Industry Association. Armstrong, who had been president of the 65-member association since September 1995, submitted his resignation. The board named as acting president Daryl Hatano, who has served as the association's vice president of international trade and government affairs for the past four years. The association represents 82 percent of U.S.-based chip makers.
Arati Prabhakar, director of the Commerce Department's National Institute of Standards and Technology, announced she will be stepping down from the presidential appointment to take a job as senior vice president and chief technology officer at Raychem Corp. in Menlo Park, Calif. Prabhakar was appointed by President Clinton in April 1993 and was confirmed by the U.S. Senate in May 1993.
Well, It's No Wonder: A recent study found that Washington and San Francisco are the hot spots for technology companies. The study conducted by Paul-Tittle Associates Inc., an executive search firm in McLean, Va., surveyed 1,000 industry executives on prime locations for company headquarters. However, keep in mind that approximately half of all respondents were from the mid-Atlantic region.
Money in Maryland: The economic development office of Montgomery County, Md., is planning to form a technology investment fund. A task force, headed by Jack Shaw of Hughes Network Systems, is now reviewing how to raise money for the fund and what it will be used for. Officials say the suggested price of the fund is $10 million. The idea of the fund came out of Montgomery County's economic development conference in October with 150 business executives and government officials.
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