Xecom Inc

SelecTel Corp., a privately held telecommunications company, is planning to enter the markets through a public company it acquired recently. This week, shareholders of the public company, Vintage Properties Inc., which essentially had become a shell corporation, took a number of steps to carry out the plan. Shareholders changed the company's name to Xecom Inc., increased the common stock to 100 million shares, and approved the issuance of 50 million shares of preferred stock.

SelecTel Corp., a privately held telecommunications company, is planning to enter the markets through a public company it acquired recently. This week, shareholders of the public company, Vintage Properties Inc., which essentially had become a shell corporation, took a number of steps to carry out the plan. Shareholders changed the company's name to Xecom Inc., increased the common stock to 100 million shares, and approved the issuance of 50 million shares of preferred stock.

JUST when it seemed safe to go on the road again, business travelers have been dealt another budget-busting blow: devaluation of the dollar. Mark Stultz, who recently returned from a 5 1/2-week business trip to Europe, is still reeling from sticker shock. "It's just so stinking expensive over there," said Stultz, the director of global facilities planning for El Segundo-based Computer Sciences Corp. "Especially in the U.K., where everything's two [dollars] for one [pound]."