NJ operations primarily from November 1997 acquisition for $700 miillion of Bell Communications Research, known as ‘Bellcore’, initially created 1984 upon AT&T divestiture to provide research, engineering, technical support for divested operating companies of former AT&T-Bell system and jointly owned by former Bell companies as wholly-owned subsidiary, relocated headquarters from Livingston to Morristown 1995, other facilities at  Piscataway, Middletown, Red Bank and Chester> Bellcore renamed as Telcordia Technologies following 1997 acquisition by Science Applications International Corporation (SAIC), nation’s largest employee-owned technology firm, 24,000 employees providing high technology products and services to government and private industry in areas of information technology, systems integration, national security, energy, transportation, telecommunications, health care and environmental science and engineering> Sale of Bellcore due in part to increasing competition, diverse product and marketing strategies among regional Bell companies> Richard C. Smith, former senior vice president of Sprint Corporation, named Bellcore CEO   January 1998> Telcordia now over $1 billion in revenues of annual $4 billion of SAIC, over 5,700 science, engineering, software, training, consulting, and administrative professionals> Nearly half of technical projects oriented to computer software> Major discoveries include prototype plastic, rechargeable lithium battery for consumer electronics and telecommunications applications; data compression allowing video, other data-intense uses over existing phone lines; development of first electronic library integrating text and graphics; speaker verification systems for security protection; advances in lightweight fuel cells; superconductivity research with silicon; computer microchips; fiberoptic transmission; optical switches; high definition TVs; specialized data bases.

Sony Corporation of America

Fujio Nishida

Subsidiary of Unilever, Ltd., joint venture equally owned by British- Unilever PLC  of United Kindgom and Unilever NV of the Netherlands, separate companies with common board of directors> One of world's largest packaged consumer goods companies, two of Unilever's 12 global Business Groups headquartered in US with 66 offices and manufacturing sites in 23 states, 21,000 total US employees, annual US sales about 20% of global sales of some $50 billion> Acquired October 2000 for approximately $20.3 billion all outstanding shares of Bestfoods,  headquartered in Englewood Cliffs, , along with assumption of approximately $4.0 billion of Bestfoods's debt> Announced intention starting 2000 to close about 100 manufacturing sites reduce number of consumer brands from 1,600 to about 400, concentrating on market market leaders, also reduction of global workforce by 25,000 over five years> Existing trademarked food brands include Lipton teas, soups, recipe products and side dishes; Wish-Bone salad dressings; Lawry's seasonings and specialty sauces; Imperial, Promise, Country Crock, ‘I Can’t Believe It’s Not Butter!’, Brummel & Brown spreads and sprays; Ragú pasta and pizza sauces; Five Brothers premium pasta sauces; Klondike, Popsicle and Breyers ice cream products, Gorton's frozen seafood products; home and personal care products include Wisk, ‘all’ and Surf laundry detergents; Snuggle and Final Touch fabric softeners; Sunlight dish detergents; Lever 2000, Caress, Dove and Shield bar soaps; Pond’s and Vaseline skin care products; Q-tips cotton swabs and cotton balls; Mentadent, Aim, Close-up and Pepsodent oral care products; Degree, Suave and Brut deodorant, toiletry products; Finesse, Salon Selectives, Suave, ThermaSilk, Aqua Net and Rave hair care products; and Calvin Klein and Elizabeth Arden cosmetic and fragrance products> Principal NJ operations from Thomas J. Lipton, founded by Scotsman Thomas J. Lipton originally in NY City, introduced own tea blend as Lipton Tea 1889 and first tea bag 1890, purchased Hoboken building 1910 as first US headquarters, Lipton Tea formally incorporated 1915, over 700 employees at Englewood Cliffs headquarters and at 850,000 square-foot Lipton Tea Dry Packaging Facility in Flemington, Unilever Corporate Research over 1,000 employees in Edgewater administration, research facilities conducting chemical research on consumer products> Thomas J. Lipton leading producer of teas, other brands include Wish-Bone salad dressing, Knox soups and Good Humor, Healthy Sensations, Klondike ice cream and dairy products> Unilever announced 1999 $1.25 million grant to Cancer Institute of NJ at UNIVERSITY OF MEDICINE & DENTISTRY OF NJ to establish Unilever Chair supporting research on dietary methods to combat chronic diseases as cancer and cardiovascular disease and educate public on latest research> Lipton also serves as a sponsor of Center for Advanced Food Technology at Cook College of RUTGERS UNIVERSITY> Unilever former owner of National Starch & Chemical Co. subsidiary based in Bridgewater with 1,300 NJ employees, sold 1997 to ICI AMERICAS in divestiture of Unilever specialty chemical business.

NJ Employees:               15,500

Chairman, President & CEO

Company created July 2000 upon merger effective July 2000 between Bell Atlantic and GTE, created nation’s largest local telecommunications exchange carrier, combined firm with 95 million access lines and 25 million wireless customers, 260,000 employees and approximately $60 billion in 1999 revenues, global presence in 40 countries in Americas, Europe, Asia and Pacific> Verizon board includes JOHN STAFFORD, CEO AMERICAN HOME PRODUCTS; Joseph NEUBAUER, CEO ARAMARK CORP.> Bell Atlantic one of seven regional phone companies created upon 1984 breakup of AT&T Bell System national local phone network, 1997 merger with NYNEX created consolidated network servicing New England, NY, PA, DE, MD, VA, WVA and District of Columbia> Bell Atlantic NJ  operations derived from former NJ Bell Telephone Co., name changed as of 1994 with other Bell Atlantic subsidiaries to reflect parent's identity> One of NJ's most visible companies, active in major civic, philanthropic, government causes> Spent about $1 billion 1999 to modernize, expand and upgrade NJ telecommunications network, including replacement of analog switches with digital systems, installation of fiberoptic cable, overall NJ fiberoptic network now over 1.2 million miles, ultimate goal to provide fiber connections  to all customers by 2010> Under Telecommunications Act of 1996, approval expected 2000 allowing competition by Verizon in long-distance market and opening of NJ local phone market to expanded competition by AT&T, MCI WORLDCOM, others> Former NJ-based CEO's advanced to high leadership of AT&T (former Vice Chairman Morris Tanenbaum), Bell Atlantic (retired Presidents Anton Campanella and James G. Cullen), and Bellcore (now TELCORDIA TECHNOLOGIES) (retired CEO Rocco Marano)> Major recent civic, charitable causes include financial support providing Internet access, other technology to NJ schools; support of Liberty Science Center, NJ Performing Arts Center> ALFRED C. KOEPPE, served as Bell Atlantic-NJ CEO from 1993 until resignation September 1995 to become senior vice president-public affairs of PUBLIC SERVICE ELECTRIC & GAS CO., named PSE&G president and chief operating officer 1999.

Jevic Transportation