Winnipeg Free Press

Winnipeg Free Press (Newspaper) - June 12, 2001, Winnipeg, Manitoba Winnipeg free press june 2001 b3 editor Julian Rachey 6977235 technology today series of successes Martin Pacak graduates from the University of Manitoba later this he has racked up a series of Pacak is a principal with hyper co founded with Colin Danielson and Dennis in packs part ners won the local Young presidents organization business plan Competition for the hyper Penguin hyper penguins clients include the Atlanta when it was packs turn to take the business plan class at the u of m in he submitted his plan for in minium health information the pharmaceutical information web Portal he created with his Tom and Victor it was called remedy Canada in its Early for the in minium Pacak and Tom who both attend the u of won the Queens University Enterprise creation Competition last earning it was the first time u of m students had won this compete they went on to the global entrepreneurial Challenge at Stanford in Palo they didst win but made valuable contacts in Silicon the duo was also awarded a 2001 Winnipeg chamber of Commerce innovation award in the pos secondary student sponsored by the Canadian information processing earlier this Pacak was awarded the 2001 air Canada student entrepreneur of the year award for his entrepreneurship and Community Pacak is Active with the tech madness collective of local tech companies and with the polish Folk dance ensemble spa As a member of both the troupe and its although both hyper Penguin and in minium have experienced some ageism for their youth Ful Pacak says he Doest mind it when people comment on his if people Tell me in so Young to be doing i must be doing some thing hyper Penguin is also the proud Holder of the log a mock Tro Phy passed around among local tech companies for winning informal sports Chal according to the hyper pen Guin must Welcome any new challenges from any local it winning combination Young entrepreneur successfully blends school family and business Martin Pacak Busi Ness co owner and Community Volunteer clearly didst have enough on his already heaping with his last bit of spare Pacak helped form another in minium health information one that has already earned a couple of entrepreneurship its but said Ive Learned How to do time manage ment very one might say this time management skill is a family who is also a partner in hyper Penguin Commerce created in minium with his cousins Brothers Tom a pharmacy student who works and Victor a network systems administrator who holds Down a Job at a software in minium is an Interne based information service for physicians and other pharmaceutical it will collect and update Trade publications and a compendium of drugs and providing an information link Between physicians and drug packs first motivation in creating in minium was to satisfy his business plan class assignment at the University of Mani because his cousins had so much to offer to the it seemed Only natural for the Trio to further develop the if we put this much time into you might As Well see what you can do with Pacak its a shame to ill Chalk that up to its not in our As University Pacak and Tom Janus were recent co winners of the Winnipeg chamber of commences innovation award in the pos secondary student Cate sponsored by the Canadian information processing society the pharmaceutical Industry is hugely but web portals that Stream line and deliver information for specific audiences seem to be popular initiatives around the said Dino presi Dent of Crpss Winnipeg Portal development is a very key devel Speziale the structuring of data and information into useable knowl Edge is this in minium b2b business to business initiative is one of those next Steps people Are taking with the Speziale also says Pacak is highly entrepreneurial and keen to make a name for himself and carve out a Niche in the technology when Pacak int volunteering with the polish Folk dance ensemble spa or working on Hes at hyper penguins Corydon Avenue like hyper Penguin has its roots in business the company was born tworan Dahal years ago at the University of when a professor asked students to form groups for a pro Colin Danielson and Dennis Nowosad were sitting closest to their serendipitous Bond and that class assignment would result in hyper an Commerce business with clients in the and hyper Penguin provides backed ser vices for people running Commerce Busi including inventory control and customer followup support the hyper didst even exist when they wrote the business that initial class assignment led to a million us Deal with last planning and strategy packs role with hyper Penguin by Day is to focus on planning and he Ful fils a similar role at night with which will use hyper penguins experience in technical architecture for its in the Middle of the Day and Pacak focuses on school he graduates from business school in Tom Janus graduates from the faculty of pharmacy next which has a Board of advisors in the Fields of business and tech is soliciting Trade publications and other sources of the Pacak Hopes to act As a principal consultant to pharmaceutical companies and Trade while enlisting users to subscribe to the our Job is to pull together the Content and deliver Pacak Tom Janus thinks the key to their shared entrepreneurial Streak lies in the family he and Victor were born in but their parents Are from Pacak came to Canada from Poland at the age of with his father and who gave birth to packs younger brother in the cousins watched their parents work hard and Learned from their a huge Chance our parents could have stayed in they took a huge Tom Janus they brought their kids they had kids i look up to them for now its our Pacak caught the business Bug run Ning his own web sit building business from his first year in Hes always been Good at juggling school and work on the Victor Janus Pacak said he and his cousins have honed their entrepreneurial skills while participating As Board members and dancers with raising funds and stretching dollars for a nonprofit organization requires very innovative Pacak at family its common to see Pacak and the Janus Brothers off talking tossing out its funny How the three of us Migrate to one Corner of the Victor because its in the its much easier to work with the Trust level is some thing different and the meetings Are Easi sort of Tom Janus jokes that other family members can give the Trio grief for their constant business they always yell at us and try to keep us away from each Tom but i think my mom is getting used to d iinda.rosborough@fre8press.mb.ca telecoms equipment Outlook bad stocks pay Price by Gillian Livingston much anticipated recovery for telecoms equipment makers in the second half of 2001 appeared to fade into a fable yesterday As analysts Down graded the sector and presented a Bleak Outlook for the rest of the the downgrade of stocks including Nortel Celestina and Mac industries added to the negative Momen Tum of technology Nortel fell to yet another pos tech Boom and this depressed other technology adding to the woe caused by weeks downgrades and earnings on the Toronto Stock Nortel fell As Low As its lowest Point in almost tworan Dahal years and Down per cent from last Summers Peak of Canadas most widely held Stock closed at Down 55 cents on the with million shares major telecoms equipment makers including Cisco Lucent Juniper networks and Lacatel have either been downgraded recently or have warned that their results will remain weak for the next few their extended troubles have started to Jahake companies that Supply the Tele com equipment Merrill Lynch downgraded to Neutral electronics manufacturing service providers including Celestina sole tron Anmina plexus Jab ii circuit and flex tropics International the electronics manufacturing ser vice sector will be Hurt As telecoms equip ment makers face a continuing slump in the Merrill Lynch report based on Channel checks with Vari Ous constituents in the Supply the rebound that management and investors have been expecting to take place later this year we think could prove to be More Hope and Wishful thinking than reality at this it As a Celestina fell to on the and Mac industries declined to analyst downgrades yesterday emphasized that no turnaround is in sight for telecoms equipment us Warburgh Nikos Theodossopou los Cut his profit and share Price Esti mates on stating that Given our new Outlook of Nortel not turning prof Itable until the fourth Quarter of we would not be surprised if Nortel fur ther reduced headcount beyond the planned already the us Warburg report said Nortel faces a saturated Market in the Long haul telecoms sector and Tough Competition Over equipment used to build networks in City increases in the wireless telecoms sector Are not enough to offset the decreases in other business any business outside the wireless and Core switching units is now considered the report Nortel recently exited the Access business and we expect asset sales and closures to with the likelihood of substantial changes in the next few Canadian props ;