Wednesday, February 7, 2001
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Posted on: Wednesday, February 7, 2001

Business briefs

Advertiser Staff and News Services


Waikiki hotel adds offerings

The Hilton Hawaiian Village announced alliances yesterday with Mandara Spa, Holistica Hawaii Health Center and the Bishop Museum.

The moves are in conjunction with development of the hotel’s $95 million Kalia Tower, and Hilton executives said it will add a new tag line to the hotel’s name. The facility will become the Hilton Hawaiian Village Beach Resort & Spa.

The hotel’s Mandara Spa will include treatment rooms, a cardiovascular center, a full-service salon and a cafe. The Village’s Spa and Wellness Center will include diagnostic and therapeutic medical services.

The company said the Bishop Museum at Kalia will be the largest Hawaiian exhibit in Waikiki and will focus on Waikiki’s history, using cultural interpreters, music and dance, artifacts and hands-on activities.

The Kalia Tower is scheduled to open in May.

HotU moves to Harbor Court

Local software company hotU Inc. has moved from the Manoa Innovation Center to new offices on the 29th floor of Harbor Court.

HotU, a recipient of $6 million in venture capital last year, is the most recent "graduate" of the Manoa center, a state-run incubator for technology companies. The company, founded by Punahou School graduate Walter Roth, is developing an online software platform and Internet community for college students.

HotU has about 30 employees and plans to hire about 60 more this year if it lines up several key contracts.

Harbor Court, a downtown Honolulu high-rise office, retail and residential complex, is home to several technology firms including the Hawaii Health Care Business Incubator and Square USA’s digital movie division.


Cisco earnings come up short

Cisco Systems Inc. missed Wall Street’s earnings expectations for the first time in 3? years despite a nearly 50 percent gain in quarterly profits, blaming the slip on the softening U.S. economy. The world’s top supplier of equipment for the Internet and other computer networks earned $874 million, or 12 cents a share, in its second quarter ended Jan. 27. In the same three-month period a year ago, Cisco earned $816 million, or 11 cents a share.

Excluding one-time factors such as acquisitions expenses, and research and development costs, Cisco earned $1.33 billion, or 18 cents a share. Analysts were expecting 19 cents a share. Cisco, widely seen as a barometer for the technology sector and the Internet economy, finished regular trading at $35.94, up $1.38, on the Nasdaq Stock Market.

Fiber-optics deal to close

Fiber-optics company JDS Uniphase Corp. will sell a Swiss subsidiary to Nortel Networks Corp., satisfying Justice Department concerns over its $18 billion acquisition of rival SDL Inc.

The two deals are expected to close next week, pending final approval by shareholders, the companies announced yesterday.

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