Business briefs

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WSF license for stock revoked

The Securities and Exchange Commission said yesterday that it has revoked the registration of the stock of Honolulu-based WSF Corp.

The SEC said an administrative law judge found that the company violated securities laws by failing to file a 2000 annual report or quarterly reports for the first three quarters of 2001. The judge also faulted the company for failing to find a public auditor for its 2000 financial statements. The suspension is permanent.

In January, citing the same concerns, the SEC suspended trading in the company, which serves as an asset manager and part owner of property in Belize.

Company chairman Gerhart Walch declined immediate comment.

Best Buy still in talks for lease

Best Buy Co., the nation's largest electronics retail chain, said yesterday that it still is negotiating with Home Depot to lease land for the site of what would be its first store in the Islands.

Last week the company said it had reached a deal with Home Depot. Best Buy is looking to open a 45,000-square-foot store on the diamondhead side of the Home Depot on Kamehameha Highway next spring.

Yesterday a company spokeswoman said that if the negotiations don't work out, Best Buy will look for alternative sites. Home Depot officials did not return calls.

Judge rules in favor of Akamai

Akamai Technologies Inc. said a federal judge upheld a jury verdict that its rival, former Hawai'i-based Digital Island Inc., infringed its patent for expediting data transmission to Internet users.

Akamai said it will seek an injunction to stop Digital Island from using the technology. Officials with Digital Island weren't immediately available for comment.