WE'RE AWAITING CONFIRMATION FROM THE observatory at Mount Palomar that all the planets and moons did indeed orbit around Wall Street last year. Certainly that's where the economic action seemed to be. A wave of mergers and acquisitions. More leveraged buyouts, financed with ever-junkier bonds. Massive sell-offs of money-losing divisions. Multibillion-dollar buy-backs of sagging company shares. And a spreading insider-trading scandal.

But the real story of economic performance -- the tough work of producing goods and services, of building companies and creating jobs -- occurred far from lower Manhattan. The enterprises on this year's INC. 100 list of the fastest-growing small public companies were expanding not merely by reshuffling their assets, and in that fact lies the continuing strength of the American economy. If hundreds of older factories closed down last year, for example, how did the United States generate millions of new jobs? Look at Fuddruckers (#85), a restaurant operator and franchisor, whose payroll jumped from 92 in 1982 to 3,050 in 1986. Or Apollo Computer (#62), which added more than 3,000 employees over the same period. The average INC. 100 company payroll zoomed from 46 employees in 1982 to 786 in 1986. And at no loss of productivity, either -- sales per employee nearly doubled during that period.

The companies on this year's list illustrate a simple point: giants often flounder when markets change because they fail to see the new opportunities. Is Sears, Roebuck & Co. stagnating? The off-price retail market served by Ross Stores (#58) and Consolidated Stores (#80) isn't; neither is the home shopping business pioneered by Home Shopping Network (#10). Is Time Inc. having trouble? There's little trouble at the 13 fast-growing communications companies on this year's list, some of which compete in the hot satellite broadcasting market. Is AT&T floundering in the new era of deregulation? Seven young companies on the list are profiting from the same deregulation by providing a wide array of new telecommunications services.

The INC. 100 reflects broad economic trends. For the first time in the nine years that we have published the list, for example, fewer than half the companies on it manufacture a product -- only 45, down from 55 last year. The difference, of course, is made up by a surge in the service sector, up to 37 companies from 26 last year. It's no surprise that representation from the energy and mining sector has caved in, too. Only 3 companies -- all independent power producers whose market was assured by the Public Utility Regulatory Policies Act of 1978 -- grew fast enough to make the list, as compared with 6 last year. Back in 1983, the last glorious hours in the oil industry's heyday, 17 companies were on the list.

Some things don't change. As in the past, computer and software companies (30) and health-care providers (16) head the INC. 100. California is once again the state leader, claiming 28 of the 100 fastest-growing small public companies; in fact, California, New York, and Massachusetts together are home to nearly half of the companies on the list.

You don't have to be a computer company from Silicon Valley to make the list, though. Suppose you sell mobile homes in Winston-Salem, N.C., or make pizza topping in Hutchinson, Kans. How do you grow fast enough to grab a spot on the 100 in a business that seemingly anyone could enter, in a place that is Anywhere Down the Street, U.S.A.? Senior writer Tom Richman explores the fundamental wellsprings of growth in "Ordinary Business" (page 73).

Growth had a special meaning for investors in the INC. 100 stocks. As senior writer Robert A. Mamis explores in "From Riches to Rags . . . and Back" (page 66), the portfolio of INC. 100 stocks rose 36% in a year, outperforming the major market indices. But investors didn't reward hot sales growth alone; if solid earnings didn't accompany those sales dollars, investors were apt to dump the stock.

Strategy and personality have a lot to do with growth, of course. In "The INC. 100 Portfolio" (page 58), associate editor Joshua Hyatt introduces us to the faces behind the company names. What company brought Oprah Winfrey national, and how did the popular TV talk-show hostess return the favor by helping to keep it on the INC. 100 for a second year? How did one founder's strategy bring his company $100 million in losses last year on $178 million in sales? And what chief executive officer's plane was stolen for a drug run?

It's all a million miles from the deals and scandals on Wall Street. But it's also a lot more fun.

-- The Editors

Note: This table may be divided, and additional information on a particular entry may appear on more than one screen.

THE 100

Sales Growth

(1982-86)

Company (1986 Rank) Percent Compound

Business Description Increase Annual Rate

1. CATALYST ENERGY DEVELOPMENT New York, NY 212,338% 579%

Independent power producer

2. LOTUS DEVELOPMENT Cambridge, MA 162,466 535

Publ. software

3. WYSE TECHNOLOGY San Jose, CA 152,556 525

Mfrs. video display terminals

4. AMERICAN NETWORK Portland, OR 56,535 388

Long-distance telephone svc.

5. NATIONAL HEALTHCARE Dothan, AL 56,088 387

Rural health-care svcs.

6. AST RESEARCH Irvine, CA 43,520 357

Supplies IBM-enhancement prods.

7. BONNEVILLE PACIFIC Salt Lake City, UT 23,905 294

Dvlps. power facilities

8. PRICE COMMUNICATIONS New York, NY 18,782 271

Operates radio & TV stations

9. LAM RESEARCH Fremont, CA 18,031 267

Mfrs. silicon-chip etching machines

10. HOME SHOPPING NETWORK Clearwater, FL 17,735 265

Televised specialty retailer

11. AMERICAN CITY BUSINESS JOURNALS Kansas City, MO 17,663 265

Publ. regional bus. journals

12. NORTHEASTERN MORTGAGE Boston, MA 16,666 260

Mortgage banking

13. ADVANCED TELECOMMUNICATIONS Atlanta, GA 16,250 258

Long-distance telephone svc.

14. CADE INDUSTRIES (18) Marinette, WI 13,302 240

Mfrs. aerospace component parts

15. STERLING SOFTWARE (30) Dallas, TX 10,365 220

Software svcs.

16. IOMEGA (5) Roy, UT 10,054 217

Mfrs. & mkts. disk drives

17. MENTOR GRAPHICS Beaverton, OR 9,955 217

Mfrs. & mkts. computer-aided eng. prods.

18. WESTWORLD COMMUNITY HEALTHCARE Lake Forest, CA 9,805 215

Rural health-care svcs.

19. SAHLEN & ASSOCIATES Atlanta, GA 7,899 199

Private investigation svcs.

20. SHANLEY OIL (11) Dallas, TX 7,791 198

Oil & gas dvlpmt.

21. ENTRE COMPUTER CENTERS Vienna, VA 7,651 197

Bus. computer franchise

22. EXPEDITORS INT'L (7) Seattle, WA 7,454 195

Int'l air-freight forwarding

23. ENVIRODYNE Chicago, IL 6,906 189

Mfrs. disposable cutlery

24. SYMBOLICS Cambridge, MA 6,242 182

Mfrs. & mkts. computer systs.

25. KINGS ROAD ENTERTAINMENT Los Angeles, CA 5,387 172

Produces motion pictures

26. BALLARD MEDICAL PRODUCTS Midvale, UT 4,739% 164%

Mfrs. disposable medical prods.

27. INSITUFORM SOUTHEAST Jacksonville, FL 4,673 163

Constr. & repair of sewers & pipelines

28. COMPUTER MEMORIES Chatsworth, CA 4,653 163

Mfrs. & mkts. disk drives

29. WALKER TELECOMMUNICATIONS (17) Hauppauge, NY 4,386 159

Distr. electronic key telephone systs.

30. SYMBION (43) Salt Lake City, UT 4,305 158

Mfrs. artificial organs

31. BIO-LOGIC SYSTEMS Northbrook, IL 4,073 154

Mfrs. computer-based electro-diagnostic systs.

32. NEWMAN COMMUNICATIONS Albuquerque, NM 3,925 152

Produces & distr. audiocassettes

33. CALIFORNIA BIOTECHNOLOGY Mountain View, CA 3,885 151

Dvlps. health-care prods.

34. LSI LOGIC Milpitas, CA 3,807 150

Designs & mfrs. integrated circuits

35. KING WORLD PRODUCTIONS (64) Summit, NJ 3,662 148

Distr. & syndicates TV programs

36. MBI BUSINESS CENTERS (70) Rockville, MD 3,633 147

Sells microcomputer systs. & prods.

37. MINISCRIBE Longmont, CO 3,566 146

Produces & mkts. computer storage devices

38. 3COM (13) Santa Clara, CA 3,435 144

Mfrs. local area network systs.

39. DOSKOCIL Hutchinson, KS 3,350 142

Procs. precooked meat & sausages

40. CITIPOSTAL New York, NY 3,252 141

Courier

41. ASHTON-TATE (4) Torrance, CA 3,230 140

Designs & mfrs. software prods.

42. INFORMIX Menlo Park, CA 3,208 140

Designs & mkts. database mgmt. software prods.

43. PSE Houston, TX 3,201 140

Operates waste heat-recovery plants

44. AMERICAN BUSINESSPHONES (6) Irvine, CA 3,187 139

Distr. & svcs. business phones

45. SARATOGA STANDARDBREDS (32) N. Salem, NY 3,145 139

Raises standardbred & harness horses

46. BRENTWOOD INSTRUMENTS (40) Torrance, CA 3,017 136

Mkts. & sells medical testing equip.

47. TEKELEC Calabasas, CA 2,967 135

Mfrs. & mkts. digital telephone test equip.

48. VITRONICS (44) Newmarket, NH 2,935 134

Mfrs. infrared solder reflow systs.

49. FONAR (82) Melville, NY 2,815 132

Mfrs. medical scanning equip.

50. APPLIED BIOSYSTEMS Foster City, CA 2,638 129

Mfrs. & mkts. automated instruments

51. TEKNOWLEDGE Palo Alto, CA 2,553% 127%

Dvlps. & mkts. software prods.

52. TCBY ENTERPRISES Little Rock, AR 2,487 126

Frozen yogurt franchisor

53. TELSTAR Los Angeles, CA 2,431 124

Distr. satellite-TV shows

54. CERTIFIED COLLATERAL (31) Chicago, IL 2,365 123

Mgmt. info. svcs. to auto insurance cos.

55. BEAUTICONTROL COSMETICS Carrollton, TX 2,358 123

Produces & sells cosmetics

56. ATI MEDICAL Glendale, CA 2,334 122

Rents & sells medical equip.

57. UNITED HEALTHCARE (49) Minnetonka, MN 2,276 121

Dvlps. & mkts. health-care systs.

58. ROSS STORES Newark, CA 2,202 119

Operates off-price retail stores

59. STRATUS COMPUTER Marlborough, MA 2,170 118

Mfrs. & mkts. computers

60. ORACLE Belmont, CA 2,140 118

Dvlps. & mkts. software prods.

61. MMI MEDICAL Pomona, CA 2,130 117

Diversified medical svcs.

62. APOLLO COMPUTER (14) Chelmsford, MA 2,064 116

Mfrs. computer systs.

63. DATAVISION Deerfield Beach, FL 2,030 115

Mfrs. multipurpose monitoring systs.

64. PEOPLE RIDESHARING SYSTEMS Newark, NJ 2,009 114

Vanpool management

65. NEW ENGLAND CRITICAL CARE Marlborough, MA 1,965 113

Provides in-home infusion therapies

66. BEN & JERRY'S HOMEMADE (74) Waterbury, VT 1,938 112

Mfrs. & sells ice cream

67. FIBRONICS INT'L (28) Hyannis, MA 1,931 112

Mfrs. fiber-optic comm. systs.

68. EMC Natick, MA 1,928 112

Mfrs. board-level computer prods.

69. INNOVATIVE SOFTWARE Lenexa, KS 1,922 112

Dvlps. & mkts. software

70. FOUNTAIN OIL & GAS Denver, CO 1,898 111

Oil & gas

71. GIGA-TRONICS Pleasant Hill, CA 1,885 111

Mfrs. measurement instruments

72. JACOR COMMUNICATIONS (73) Cincinati, OH 1,882 111

Operates radio stations

73. V BAND SYSTEMS (22) Yonkers, NY 1,871 111

Mfrs. telecomm. terminal equip.

74. PATIENT TECHNOLOGY (41) Hauppauge, NY 1,774 108

Mfrs. health-care prods.

75. FINANCIAL NEWS NETWORK Santa Monica, CA 1,759 108

Nat'l cable-TV network

76. STEP-SAVER DATA SYSTEMS Bala Cynwyd, PA 1,707% 106%

Mkts. & supports computerized bus. systs.

77. LEXICON Fort Lauderdale, FL 1,705 106

Supplier of on-line terminal prods.

78. TECH DATA Clearwater, FL 1,696 106

Distr. microcomputers

79. CHRONAR Princeton, NJ 1,689 106

Mfrs. photovoltaic panels

80. CONSOLIDATED STORES (84) Columbus, OH 1,678 105

Operates closeout retail stores

81. AMERICAN COMM. & TV Gainesville, FL 1,665 105

Satellite broadcasting

82. CABLE ADVERTISING SYSTEMS Austin, TX 1,654 105

Provides TV advertisements

83. AUTOSPA Woodside, NY 1,644 104

Auto maintenance franchisor

84. RADYNE Bohemia, NY 1,620 104

Data & satellite comm.

85. FUDDRUCKERS (25) San Antonio, TX 1,597 103

Operates & franchises restaurants

86. SATELLITE MUSIC NETWORK Dallas, TX 1,590 103

Transmits satellite radio programming

87. CALGENE Davis, CA 1,559 102

Plant biotechnology

88. INT'L THOROUGHBRED BREEDERS E. Windsor, NJ 1,543 101

Owns & operates racetracks

89. MANUFACTURED HOMES (99) Winston-Salem, NC 1,505 100

Sells manufactured homes

90. XICOR Milpitas, CA 1,472 99

Mfrs. semiconductors

91. DURAMED PHARMACEUTICALS Cincinnati, OH 1,441 98

Mfrs. & sells generic drugs

92. PRE-PAID LEGAL SERVICES Ada, OK 1,435 98

Sells prepaid legal contracts

93. VIDEO SCIENCE TECHNOLOGY Dallas, TX 1,400 97

Dvlps. video X-ray imaging systs.

94. VM SOFTWARE Reston, VA 1,374 96

Dvlps. & mkts. software prods.

95. MEMTEK Billerica, MA 1,333 95

Mfrs. & mkts. ultrafiltration systs.

96. KAYPRO Solana Beach, CA 1,329 94

Dvlps. & mkts. personal computers

97. CIRCADIAN (59) San Jose, CA 1,314 94

Mfrs. diagnostic medical instruments

98. DEST (67) Milpitas, CA 1,307 94

Mfrs. electronic document readers

99. CERNER Kansas City, MO 1,303 94

Designs & mkts. information systs.

100. CODENOLL TECHNOLOGY Yonkers, NY 1,289 93

Mfrs. semiconductor fiber optics

THE 100

Company (1986 Rank) Sales ($000) Net Income ($000)

Business Description 1986 1982 1986 1982

1. CATALYST ENERGY DEVELOPMENT $227,309 $107 $6,276 $12

New York, NY

Independent power producer

2. LOTUS DEVELOPMENT Cambridge, 282,864 174 48,300 (1,145)

MA

Publ. software

3. WYSE TECHNOLOGY San Jose, 166,395 109 12,592 (435)

CA

Mfrs. video display terminals

4. AMERICAN NETWORK Portland, c 94,014 166 c 5,200 (536)

OR

Long-distance telephone svc.

5. NATIONAL HEALTHCARE 115,748 206 3,122 (22)

Dothan, AL

Rural health-care svcs.

6. AST RESEARCH Irvine, CA 172,299 395 27,177 (37)

Supplies IBM-enhancement

prods.

7. BONNEVILLE PACIFIC Salt Lake 32,167 134 2,460 (66)

City, UT

Dvlps. power facilities

8. PRICE COMMUNICATIONS New 96,675 512 (24,594) (242)

York, NY

Operates radio & TV stations

9. LAM RESEARCH Fremont, CA 34,449 190 1,998 (1,681)

Mfrs. silicon-chip etching

machines

10. HOME SHOPPING NETWORK 160,159 898 17,049 (220)

Clearwater, FL

Televised specialty retailer

11. AMERICAN CITY BUSINESS, c 27,000 152 c (7,300) (192)

JOURNALS Kansas City, MO

Publ. regional bus. journals

12. NORTHEASTERN MORTGAGE 21,460 128 3,500 33

Boston, MA

Mortgage banking

13. ADVANCED TELECOMMUNICATIONS 45,616 279 3,485 (30)

Atlanta, GA

Long-distance telephone svc.

14. CADE INDUSTRIES (18) c 58,300 435 3,690 (80)

Marinette, WI

Mfrs. aerospace component

parts

15. STERLING SOFTWARE (30) 233,793 2,234 3,780 630

Dallas, TX

Software svcs.

16. IOMEGA (5) Roy, UT c 125,906 1,240 c 6,373 (6,063)

Mfrs. & mkts. disk drives

17. MENTOR GRAPHICS Beaverton, 173,545 1,726 11,000 (1,934)

OR

Mfrs. & mkts. computer-aided

eng. prods.

18. WESTWORLD COMMUNITY c 178,000 1,797 c (100,000) 6

HEALTHCARE Lake-Forest, CA

Rural health-care svcs.

19. SAHLEN & ASSOCIATES Atlanta, 8,079 101 651 (112)

GA

Private investigation svcs.

20. SHANLEY OIL (11) Dallas, TX 26,750 339 9 (1,422) (1,873)

Oil & gas dvlpmt.

21. ENTRE COMPUTER CENTERS 66,893 863 (8,007) (739)

Vienna, VA

Bus. computer franchise

22. EXPEDITORS INT'L (7) Seattle, 108,773 1,440 4,061 343

WA

Int'l air-freight forwarding

23. ENVIRODYNE Chicago, IL 316,620 4,519 17,347 489

Mfrs. disposable cutlery

24. SYMBOLICS Cambridge, MA 114,212 1,801 10,729 (3,904)

Mfrs. & mkts. computer systs.

25. KINGS ROAD ENTERTAINMENT 16,736 305 (4,807) (22)

Los Angeles, CA

Produces motion pictures

26. BALLARD MEDICAL PRODUCTS $5,516 $114 $123 ($426)

Midvale, UT

Mfrs. disposable medical prods.

27. INSITUFORM SOUTHEAST 7,828 164 790 (234)

Jacksonville, FL

Constr. & repair of sewers &

pipelines

28. COMPUTER MEMORIES Chatsworth, 116,201 2,445 (18,050) (369)

CA

Mfrs. & mkts. disk drives

29. WALKER TELECOMMUNICATIONS (17) c 37,500 836 c 400 152

Hauppauge, NY

Distr. electronic key telephone

systs.

30. SYMBION (43) Salt Lake City, 6,696 152 (1,465) (489)

UT

Mfrs. artificial organs

31. BIO-LOGIC SYSTEMS Northbrook, 5,008 120 486 (174)

IL

Mfrs. computer-based

electro-diagnostic systs.

32. NEWMAN COMMUNICATIONS 7,930 197 365 (47)

Albuquerque, NM

Produces & distr. audiocassettes

33. CALIFORNIA BIOTECHNOLOGY 16,818 422 (18,968) (250)

Mountain View, CA

Dvlps. health-care prods.

34. LSI LOGIC Milpitas, CA 194,335 4,974 3,855 (3,740)

Designs & mfrs. integrated

circuits

35. KING WORLD PRODUCTIONS (64) 145,718 3,873 19,846 323

Summit, NJ

Distr. & syndicates TV programs

36. MBI BUSINESS CENTERS (70) 117,932 3,159 2,892 (40)

Rockville, MD

Sells microcomputer systs. & prods.

37. MINISCRIBE Longmont, CO 184,861 5,043 22,711 (3,247)

Produces & mkts. computer

storage devices

38. 3COM (13) Santa Clara, CA 63,992 1,810 6,681 (690)

Mfrs. local area network systs.

39. DOSKOCIL Hutchinson, KS 223,918 6,491 4,656 1,124

Procs. precooked meat & sausages

40. CITIPOSTAL New York, NY 6,737 201 703 (28)

Courier

41. ASHTON-TATE (4) Torrance, 121,571 3,651 16,567 (175)

CA

Designs & mfrs. software prods.

42. INFORMIX Menlo Park, CA 21,108 638 2,463 141

Designs & mkts. database mgmt.

software prods.

43. PSE Houston, TX c 100,000 3,029 9 (1,568) (159)

Operates waste heat-recovery

plants

44. AMERICAN BUSINESSPHONES (6) 23,897 727 557 60

Irvine, CA

Distr. & svcs. business phones

45. SARATOGA STANDARDBREDS (32) c 6,100 188 9 254 (158)

N. Salem, NY

Raises standardbred & harness

horses

46. BRENTWOOD INSTRUMENTS (40) 11,127 357 603 2

Torrance, CA

Mkts. & sells medical testing

equip.

47. TEKELEC Calabasas, CA 13,987 456 1,384 (88)

Mfrs. & mkts. digital telephone

test equip.

48. VITRONICS (44) Newmarket, NH 7,162 236 302 (105)

Mfrs. infrared solder reflow

systs.

49. FONAR (82) Melville, NY 36,668 1,258 2,620 (2,113)

Mfrs. medical scanning equip.

50. APPLIED BIOSYSTEMS Foster 51,748 1,890 10,367 (979)

City, CA

Mfrs. & mkts. automated

instruments

51. TEKNOWLEDGE Palo Alto, CA $14,563 $549 $669 ($412)

Dvlps. & mkts. software prods.

52. TCBY ENTERPRISES Little Rock, 33,293 1,287 8,031 317

AR

Frozen yogurt franchisor

53. TELSTAR Los Angeles, CA 10,784 426 1,400 (2,330)

Distr. satellite-TV shows

54. CERTIFIED COLLATERAL (31) 13,779 559 2,206 (563)

Chicago, IL

Mgmt. info. svcs. to auto

insurance cos.

55. BEAUTICONTROL COSMETICS 23,035 937 3,328 (287)

Carrollton, TX

Produces & sells cosmetics

56. ATI MEDICAL Glendale, CA 6,889 283 654 66

Rents & sells medical equip.

57. UNITED HEALTHCARE (49) 216,246 9,103 7,241 299

Minnetonka, MN

Dvlps. & mkts. health-care systs.

58. ROSS STORES Newark, CA 375,945 16,330 7,055 (200)

Operates off-price retail stores

59. STRATUS COMPUTER 124,559 5,486 13,519 (1,196)

Marlborough, MA

Mfrs. & mkts. computers

60. ORACLE Belmont, CA 55,383 2,473 5,896 273

Dvlps. & mkts. software prods.

61. MMI MEDICAL Pomona, CA 22,192 995 1,155 51

Diversified medical svcs.

62. APOLLO COMPUTER (14) 391,685 18,099 9,331 307

Chelmsford, MA

Mfrs. computer systs.

63. DATAVISION Deerfield Beach, FL 5,922 278 (958) (2,036)

Mfrs. multipurpose monitoring

systs.

64. PEOPLE RIDESHARING SYSTEMS 10,206 484 57 (24)

Newark, NJ

Vanpool management

65. NEW ENGLAND CRITICAL CARE 21,086 1,021 3,038 8

Marlborough, MA

Provides in-home infusion

therapies

66. BEN & JERRY'S HOMEMADE (74) 19,729 968 9 853 (56)

Waterbury, VT

Mfrs. & sells ice cream

67. FIBRONICS INT'L (28) Hyannis, c 30,500 1,502 c (1,000) 40

MA

Mfrs. fiber-optic comm. systs.

68. MEC Natick, MA 66,588 3,283 18,630 522

Mfrs. board-level computer

prods.

69. INNOVATIVE SOFTWARE Lenexa, 13,464 666 2,692 106

KS

Dvlps. & mkts. software

70. FOUNTAIN OIL & GAS Denver, CO c 3,837 192 9 260 (100)

Oil & gas

71. GIGA-TRONICS Pleasant Hill, 19,691 992 3,843 1

CA

Mfrs. measurement instruments

72. JACOR COMMUNICATIONS (73) 23,566 1,189 2 (609)

Cincinnati, OH

Operates radio stations

73. V BAND SYSTEMS (22) Yonkers, 36,832 1,869 5,159 131

NY

Mfrs. telecomm. terminal equip.

74. PATIENT TECHNOLOGY (41) c 30,000 1,601 9 (850) (26)

Hauppauge, NY

Mfrs. health-care prods.

75. FINANCIAL NEWS NETWORK Santa 13,272 714 1,284 (4,031)

Monica, CA

Nat'l cable-TV network

76. STEP-SAVER DATA SYSTEMS Bala $6,018 $333 $436 $93

Cynwyd, PA

Mkts. & supports computerized

bus. systs.

77. LEXICON Fort Lauderdale, FL 16,982 941 (2,673) (1,585)

Supplier of on-line terminal

prods.

78. TECH DATA Clearwater, FL 37,703 2,099 904 (576)

Distr. microcomputers

79. CHRONAR Princeton, NJ 13,111 733 9 (1,263) (1,598)

Mfrs. photovoltaic panels

80. CONSOLIDATED STORES (84) 181,101 10,186 11,957 1,372

Columbus, OH

Operates closeout retail stores

81. AMERICAN COMM. & TV c 3,600 204 9 (437) (222)

Gainesville, FL

Satellite broadcasting

82. CABLE ADVERTISING SYSTEMS c 2,000 114 (2,367) (118)

Austin, TX

Provides TV advertisements

83. AUTOSPA Woodside, NY 3,140 180 41 (150)

Auto maintenance franchisor

84. RADYNE Bohemia, NY 1,720 100 (1,067) 9

Data & satellite comm.

85. FUDDRUCKERS (25) San Antonio, c 67,000 3,948 c (4,000) 195

TX

Operates & franchises

restaurants

86. SATELLITE MUSIC NETWORK c 15,750 932 c 660 (2,776)

Dallas, TX

Transmits satellite radio

programming

87. CALGENE Davis, CA 8,128 490 (907) (1,089)

Plant blotechnology

88. INT'L THOROUGHBRED BREEDERS 87,335 5,315 (33,993) (1,484)

E. Windsor, NJ

Owens & operates racetracks

89. MANUFACTURED HOMES (99) c 120,000 7,478 9 3,381 (60)

Winston-Salem, NC

Sells manufactured homes

90. XICOR Milpitas, CA 44,279 2,816 (3,812) (10,839)

Mfrs. semiconductors

91. DURAMED PHARMACEUTICALS 15,429 1,001 1,818 (246)

Cincinnati, OH

Mfrs. & sells generic drugs

92. PRE-PAID LEGAL SERVICES Ada, c 40,000 2,606 c 2,292 89

OK

Sells prepaid legal contracts

93. VIDEO SCIENCE TECHNOLOGY 6,435 429 17 17

Dallas, TX

Dvlps. video X-ray imaging systs.

94. VM SOFTWARE Reston, VA 27,027 1,833 4,928 375

Dvlps. & mkts. software prods.

95. MEMTEK Billerica, MA 4,627 323 (648) (424)

Mfrs. & mkts. ultrafiltration

systs.

96. KAYPRO Solana Beach, CA 77,925 5,452 39 (468)

Dvlps. & mkts. personal

computers

97. CIRCADIAN (59) San Jose, CA 18,018 1,274 2,081 (822)

Mfrs. diagnostic medical

instruments

98. DEST (67) Milpitas, CA 18,590 1,321 1,109 (3,118)

Mfrs. electronic document

readers

99. CERNER Kansas City, MO 17,356 1,237 2,291 (107)

Designs & mkts. information

systs.

100. CODENOLL TECHNOLOGY 6,063 432 9 (1,984) (2,700)

Yonkers, NY

Mfrs. semiconductor fiber optics

THE 100

Shareholder No. of

Company (1986 Rank) Equity ($000) Employees Year

Business Description 1986 1986 1982 Founded

1. CATALYST ENERGY $158,400 500 3 1982

DEVELOPMENT New York, NY

Independent power producer

2. LOTUS DEVELOPMENT Cambridge, MA 114,500 1,400 16 1982

Publ. software

3. WYSE TECHNOLOGY San Jose, CA 72,078 725 40 1981

Mfrs. video display terminals

4. AMERICAN NETWORK Portland, OR c 20,000 695 5 1982

Long-distance telephone svc.

5. NATIONAL HEALTHCARE Dothan, AL 55,272 3,500 20 1981

Rural health-care svcs.

6. AST RESEARCH Irvine, CA 86,586 985 34 1980

Supplies IBM-enhancement prods.

7. BONNEVILLE PACIFIC 3,657 30 9 1980

Salt Lake City, UT

Dvlps. power facilities

8. PRICE COMMUNICATIONS (13,473) 850 34 1979

New York, NY

Operates radio & TV stations

9. LAM RESEARCH Fremont, CA 42,494 323 40 1980

Mfrs. silicon-chip etching machines

10. HOME SHOPPING NETWORK 47,476 4,200 150 1982

Clearwater, FL

Televised specialty retailer

11. AMERICAN CITY BUSINESS JOURNALS 9 11,300 1,200 25 1982

Kansas City, MO

Publ. regional bus. journals

12. NORTHEASTERN MORTGAGE Boston, MA 14,805 310 3 1982

Mortgage banking

13. ADVANCED TELECOMMUNICATIONS 14,392 450 10 1982

Atlanta, GA

Long-distance telephone svc.

14. CADE INDUSTRIES (18) 11,716 1,200 50 1980

Marinette, WI

Mfrs. aerospace component parts

15. STERLING SOFTWARE (30) 74,525 2,500 150 1981

Dallas, TX

Software svcs.

16. IOMEGA (5) Roy, UT c 57,392 1,200 111 1980

Mfrs. & mkts. disk drives

17. MENTOR GRAPHICS Beaverton, OR 155,231 900 100 1981

Mfrs. & mkts. computer-aided

eng. prods.

18. WESTWORLD COMMUNITY c (71,000) 3,500 1 1982

HEALTHCARE Lake Forest, CA

Rural health-care svcs.

19. SAHLEN & ASSOCIATES 2,862 250 25 1981

Atlanta, GA

Private investigation svcs.

20. SHANLEY OIL (11) Dallas, TX 9 11,966 500 8 1980

Oil & dvlpmt.

21. ENTRE COMPUTER CENTERS 21,018 432 38 1981

Vienna, VA

Bus. computer franchise

22. EXPEDITORS INT'L (7) Seattle, WA 19,643 575 45 1979

Int'l air-freight forwarding

23. ENVIRODYNE Chicago, IL 80,000 4,300 75 1970

Mfrs. disposable cutlery

24. SYMBOLICS Cambridge, MA 87,256 905 107 1980

Mfrs. & mkts. computer systs.

25. KINGS ROAD ENTERTAINMENT 21,579 26 4 1982

Los Angeles, CA

Produces motion pictures

26. BALLARD MEDICAL PRODUCTS $3,690 153 20 1978

Midvale, UT

Mfrs. disposable medical prods.

27. INSITUFORM SOUTHEAST 7,775 79 10 1981

Jacksonville, FL

Constr. & repair of sewers & pipelines

28. COMPUTER MEMORIES Chatsworth, CA 29,991 99 42 1979

Mfrs. & mkts. disk drives

29. WALKER TELECOMMUNICATIONS c 17,100 100 3 1978

(17) Hauppauge, NY

Distr. electronic key telephone systs.

30. SYMBION (43) Salt Lake City, UT 14,438 62 9 1976

Mfrs. artificial organs

31. BIO-LOGIC SYSTEMS Northbrook, IL 4,060 58 6 1980

Mfrs. computer-based

electro-diagnostic systs.

32. NEWMAN COMMUNICATIONS 2,155 60 4 1981

Albuquerque, NM

Produces & distr. audiocassettes

33. CALIFORNIA BIOTECHNOLOGY 88,647 156 12 1982

Mountain View, CA

Dvlps. health-care prods.

34. LSI LOGIC Milpitas, CA 250,989 1,800 114 1981

Designs & mfrs. integrated circuits

35. KING WORLD PRODUCTIONS 43,830 93 15 1964

(64) Summit, NJ

Distr. & syndicates TV programs

36. MBI BUSINESS CENTERS 33,644 550 75 1974

(70) Rockville, MD

Sells microcomputer systs. & prods.

37. MINISCRIBE Longmont, CO 66,314 2,700 50 1980

Produces & mkts. computer storage

devices

38. 3COM (13) Santa Clara, CA 32,710 372 32 1979

Mfrs. local area network systs.

39. DOSKOCIL Hutchinson, KS 65,856 900 100 1961

Procs. precooked meat & sausages

40. CITIPOSTAL New York, NY 2,375 75 12 1969

Courier

41. ASHTON-TATE (4) Torrance, CA 53,528 1,100 160 1980

Designs & mfrs. software prods.

42. INFORMIX Menlo Park, CA 15,679 214 19 1980

Designs & mkts. database mgmt.

software prods.

43. PSE Houston, TX 9 28,181 200 40 1969

Operates waste heat-recovery plants

44. AMERICAN BUSINESSPHONES 6,165 240 13 1980

(6) Irvine, CA

Distr. & svcs. business phones

45. SARATOGA STANDARDBREDS c 6,359 68 10 1981

(32) N. Salem, NY

Raises standardbred & harness

horses

46. BRENTWOOD INSTRUMENTS 5,677 75 4 1979

(40) Torrance, CA

Mkts. & sells medical testing equip.

47. TEKELEC Calabasas, CA 13,865 140 12 1980

Mfrs. & mkts. digital telephone

test equip.

48. VITRONICS (44) Newmarket, NH 4,128 63 7 1981

Mfrs. infrared solder reflow systs.

49. FONAR (82) Melville, NY 139 294 74 1978

Mfrs. medical scanning equip.

50. APPLIED BIOSYSTEMS Foster City, CA 81,240 465 34 1981

Mfrs. & mkts. automated instruments

51. TEKNOWLEDGE Palo Alto, CA $47,494 175 40 1981

Dvlps. & mkts. software prods.

52. TCBY ENTERPRISES Little Rock, AR 36,697 214 20 1981

Frozen yogurt franchisor

53. TELSTAR Los Angeles, CA 6,900 400 15 1981

Distr. satellite-TV shows

54. CERTIFIED COLLATERAL 16,148 284 18 1980

(31) Chicago, IL

Mgmt. info. svcs. to auto

insurance cos.

55. BEAUTICONTROL COSMETICS 13,815 156 12 1981

Carrollton, TX

Produces & sells cosmetics

56. ATI MEDICAL Glendale, CA 4,275 110 6 1982

Rents & sells medical equip.

57. UNITED HEALTHCARE 54,454 2,300 400 1974

(49) Minnetonka, MN

Dvlps. & mkts. health-care systs.

58. ROSS STORES Newark, CA 126,346 5,000 320 1982

Operates off-price retail stores

59. STRATUS COMPUTER Marlborough, MA 75,699 1,069 111 1980

Mfrs. & mkts. computers

60. ORACLE Belmont, CA 28,651 800 50 1967

Dvlps. & mkts. software prods.

61. MMI MEDICAL Pomona, CA 15,456 200 10 1981

Diversified medical svcs.

62. APOLLO COMPUTER (14) Chelmsford, MA 189,917 3,500 400 1980

Mfrs. computer systs.

63. DATAVISION Deerfield Beach, FL 8,681 99 37 1978

Mfrs. multipurpose monitoring systs.

64. PEOPLE RIDESHARING SYSTEMS 2,568 61 4 1981

Newark, NJ

Vanpool management

65. NEW ENGLAND CRITICAL CARE 18,049 191 8 1981

Marlborough, MA

Provides in-home infusion therapies

66. BEN & JERRY'S HOMEMADE (74) 9 7,544 160 25 1978

Waterbury, VT

Mfrs. & sells ice cream

67. FIBRONICS INT'L (28) Hyannis, MA c 21,000 400 75 1977

Mfrs. fiber-optic comm. systs.

68. EMC Natick, MA 67,214 392 6 1979

Mfrs. board-level computer prods.

69. INNOVATIVE SOFTWARE Lenexa, KS 10,646 150 8 1979

Dvlps. & mkts. software

70. FOUNTAIN OIL & GAS Denver, CO 1,100 15 3 1982

Oil & gas

71. GIGA-TRONICS Pleasant Hill, CA 18,498 120 15 1980

Mfrs. measurement instruments

72. JACOR COMMUNICATIONS 25,557 297 45 1979

(73) Cincinnati, OH

Operates radio stations

73. V BAND SYSTEMS (22) Yonkers, NY 25,777 220 14 1977

Mfrs. telecomm. terminal equip.

74. PATIENT TECHNOLOGY (41) Hauppauge, NY c 11,000 302 7 1981

Mfrs. health-care prods.

75. FINANCIAL NEWS NETWORK 5,649 190 85 1981

Santa Monica, CA

Nat'l cable-TV network

76. STEP-SAVER DATA SYSTEMS $3,624 95 10 1981

Bala Cynwyd, PA

Mkts. & supports computerized

bus. systs.

77. LEXICON Fort Lauderdale, FL 9,359 275 20 1976

Supplier of on-line terminal prods.

78. TECH DATA Clearwater, FL 1,748 80 12 1973

Distr. microcomputers

79. CHRONAR Princeton, NJ n9 11,868 175 37 1975

Mfrs. photovoltaic panels

80. CONSOLIDATED STORES (84) 47,628 12,000 150 1967

Columbus, OH

Operates closeout retail stores

81. AMERICAN COMM. & TV c 1,824 106 15 1980

Gainesville, FL

Satellite broadcasting

82. CABLE ADVERTISING SYSTEMS Austin, TX 2,908 100 6 1982

Provides TV advertisements

83. AUTOSPA Woodside, NY 1,719 50 6 1980

Auto maintenance franchisor

84. RADYNE Bohemia, NY (111) 55 25 1980

Data & satellite comm.

85. FUDDRUCKERS (25) San Antonio, TX 9 7,125 3,050 92 1979

Operates & franchises restaurants

86. SATELLITE MUSIC NETWORK 9 7,852 140 40 1981

Dallas, TX

Transmits satellite radio programming

87. CALGENE Davis, CA 37,934 96 42 1980

Plant biotechnology

88. INT'L THOROUGHBRED BREEDERS 216,013 525 10 1980

E. Windsor, NJ

Owns & operates racetracks

89. MANUFACTURED HOMES 9 15,601 931 60 1975

(99) Winston-Salem, NC

Sells manufactured homes

90. XICOR Milpitas, CA 27,296 520 50 1978

Mfrs. semiconductors

91. DURAMED PHARMACEUTICALS 4,736 200 2 1982

Cincinnati, OH

Mfrs. & sells generic drugs

92. PRE-PAID LEGAL SERVICES Ada, OK 9 10,916 180 20 1972

Sells prepaid legal contracts

93. VIDEO SCIENCE TECHNOLOGY 2,361 175 20 1981

Dallas, TX

Dvlps. video X-ray imaging systs.

94. VM SOFTWARE Reston, VA 20,674 213 20 1981

Dvlps. & mkts. software prods.

95. MEMTEK Billerica, MA 1,530 75 15 1979

Mfrs. & mkts. ultrafiltration systs.

96. KAYPRO Solana Beach, CA 24,214 576 80 1953

Dvlps. & mkts. personal computers

97. CIRCADIAN (59) San Jose, CA 12,508 177 30 1979

Mfrs. diagnostic medical

instruments

98. DEST (67) Milpitas, CA 19,001 160 45 1970

Mfrs. electronic document readers

99. CERNER Kansas City, MO 16,349 170 17 1980

Designs & mkts. information systs.

100. CODENOLL TECHNOLOGY Yonkers, NY 9 6,462 76 51 1980

Mfrs. semiconductor fiber optics

c: company estimate;

9: nine-month figure

CHARTS TYPESET BY B.P.E. GRAPHICS