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Money Wednesday, October 8, 1986 5 BP^^ISBq o\ ^MB8^HH8^^^^flAjP||g|^H0^|Hr^ lit v MM Take your pick ' 0MAS HUMPHREV,Ita Gamecock Anns Morrison, a freshman majoring in music education, and Monica Collins, a journalism freshman, make a selection on the video jukebox at the Gamecock Grill on the second floor of the Russell House. The video ? jukebox is a new addition to the dining area. Marriages between si By the College Press Service vent in an age o An ambitious effort to marry a major university UT is $6 millic to a private enterprise has developed problems, of- construct a buile ficials said recently. pany would set The University of Texas is falling short of raising UT officials s the $21.6 million dowry it promised as part of its a downturn in t proposal to get the Microelectronics and Computer for the problen Technology Corp., a firm formed to research and even if UT fails market new computer technologies, to move in next future. door. In January, t The Texas-MCC marriage, arranged in 1984, is and the Educati supposed to be a model for colleges around the ed in separate r< ; country. Instead, it may prove true a January com- the benefits of plaint that colleges are over-selling the idea of such state legislature a marriage. lure private fim i Such marriages to private firms are supposed to "The higher < bring colleges research money, better faculty, jobs its capacity fo for graduates, and a neat way to become fiscally sol- Hnarson, forme : mmmmmm 1 CAROLINA PROGRA1 Ideas & Issues Cornmi Presents I SARAH WEDDI t. I President Carter's Advisor on Women and r! Topic: Women's Issi | I Tuesday, October ' j j 7:30 p.m. Russell House j $1 students ' i nnhlin i Carolina progra: | Travel & Tour Comm BfiSjBi&Sa 1THE 2nd ANNUA ATLASTI $HOPPIN SPREE $ jj October 18 at 8:00 I I For sign up information call or come by room 209 of the P :H $12.50 I Divestment ui Coca-Cola Co. pla by selling financia Bv PATRICK JEAN ; Money editor The Coca-Cola Co., whose vending j machines can be found all over USC, has <. decided to catch the wave of divestment and i will soon be selling its financial connections to i South Africa, according to a company spokesman. i Coca-Cola's administrative offices in the I troubled African country will be shut down, < and its physical assets and ownership interests ] in a beverage business and canning plant will be sold off within six to nine months, said i Randy Donaldson, manager of public relations services. "Over the last several years, Coca-Cola had been reducing its investments in South Africa and calling on that country's government to hasten the dismantling of apartheid. We were very patient and vocal, but we finally realized that things would not be changing in that country as quickly as we would prefer them to," he said. A r\r nnr\c 11 tuac r?nmr\an\/ o v _ t lk piV/pUJUl tt uo ii1uuv \J J vviiipuu; va ecutives last summer to divest all financial holdings in South Africa, according to Donaldson. After much debate and appraisal, executives approved the decision, which was chools and privs f dwindling government support. Texas' st )n short of raising enough money to more mone lin a r* r- /a rv\ i r s~\ K /4 ^ if tVin f> r\ m T r? o Mai Illlg 11 piUHlldtU IU II HIV WU1II- l^aoi I^IU' up shop in Austin. regents sole aid a lack of education funding and price to th he state's oil economy is to blame Japanese fi l. MCC said it won't move away on the lane to complete the building in the near approving dropping a he National Governors Association Compani on Commission of the States warn- rangements eports that colleges often "oversold survey. Th such marriages, in an effort to get firms with i s to put up some of the money to firms got tv us to their campuses." per $10 mil education community is overselling other resea r instant salvation," said Harold Being ne r president of Ohio State University. area with h 1 iptTOH r | M UNION j| I I I a.m. j:: j [:??? lussell House flj j||? rave ns to follow lead of ll connections, asset innnunrpH r>n 17 "Our decision to pull out exists not only as \ form of protest against apartheid, but also commits to the future of South Africa by sellng to a group of multi-racial investors which ncludes black South Africans," he said. Coca-Cola will be shutting down its administrative offices in South Africa. In addition, the company will sell its majority ownership in a South African canning plant, its 30 percent ownership of Amalgamated Beverage Industries, and all of its physical assets. The entire process of shutting down and selling should take six to nine months, Donaldson said. Donaldson said he would not identify the group of investors because sales were still being negotiated and not finalized. "Coca-Cola will still be sold in South Africa, but only through these new investors. The company will not have anything to do with it." Divestment is the final step in a series of fiscal reductions in South Africa which CocaCola initiated in the early 1980s, Donaldson said. "We had owned some fruit juice facilities there. Our 30 percent interest in ite enterprise f; ate legislature is now refusing to put trail y into the UT-MCC marriage. tors /ember, the Unversity of Oklahoma's Unr I some university-owned land for a low M e Hitachi Corp., extracting from the cam rm a promise to build a high-tech plant no ] 1. However, the school's regents, while neai the sale, later objected to the state's colli veil of secrecy over the whole project. IS/ ac r\ f*t olcn noin frnm ar_ Ait/', iVJ IVII UIOV7 ^UlU 11 VIII 111V Ul I *irv , according to a Harvard University had ie June survey of 106 bio-technology had esearch marriages to colleges found such witl vo to five times more patent applications jun< llion invested from campuses than from rch labs. C ar a major university, and being in an US< igh per capita defense spending and good con I illllll! I ARE FOR E -* a a kin r ii u v DOORS OPEI FOR C NON-ALC DANCE F THURSDAY I FREE DRAFT $3.00 ADI other companies s in South A frica Amalgamated had also been much higher at one time ? somewhere around 80 percent. We actually began these reductions early in the decade," he said. Donaldson said Coca-Cola had received no official or unofficial reaction from the South African government about its decision to divest. "I think they were prepared for it. This has happened before; they have lost other American companies and investments. They're almost used to it at this point." The U.S. State Department reluctantly supported the company's decision, he said. "They said they believed that a continuing presence in South Africa was the best idea, but they understood our decision and supported it." Donaldson said Coca-Cola had received nothing but "very positive public reaction" following the announcement of its decision. "We have stated our opposition to apartheid in a very public way. We believe this was the right thing to do, and we're very proud of that. Other companies have also been pulling out or re-evaluating the situation in South Africa. We're not the first to do this, and I'm sure we won't be the last." I B ace promems sportation outlets are the most important facin a firm's choosing a place to operate, a versity of California-Berkeley study said. lary Hall, administrative specialist for university puses and continuing education, said USC has r>lans to brine a hieh-technolocv firm onto or r its Columbia campus or any of its two-year eges. lark Kelly, public information director at USCen, said two research and development firms recently looked at the Aiken campus, and one expressed interest in locating on or near campus 1 a senior management official serving as ad:t faculty. >fficials at USC-Coastal Carolina College and Spartanburg could not be reached for iment. v/ & 11 T in t\a n I o || VERYONE ! )LDER. M j N AT 8:00 H? 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