BUSINESS BRIEFS
Advertiser ad director honored
Advertiser Staff and News Services
Jason Taylor, advertising director of The Honolulu Advertiser, has been named one of 13 award-of-excellence winners among Gannett Co.'s retail and classified advertising managers.
Taylor, 31, who joined The Advertiser in 2004 as retail ad director and was promoted a year later, was cited for his leadership with the advertising sales staff that has led to substantial growth in retail revenues.
Before joining the paper in 2004, Taylor was the general manger for The Times in Gainesville, Ga., and the director of advertising and marketing of The Daily News Journal in Murfreesboro, Tenn.
"Honolulu has been one of the star revenue-growth performers in Gannett during the past two years," said Jeffrey Green, senior vice president for advertising and marketing. "First as retail director and now as advertising director, Jason Taylor has been the sparkplug that drove this growth."
TIME-SHARE FIRMS ACQUIRED
Wyndham Vacation Ownership Inc. has acquired Kaua'i-based time-share companies PAHIO Resorts Inc. and PAHIO Vacation Ownership Inc.
Wyndham will assume all property management, sales and marketing operations of PAHIO's five Kaua'i resorts: Bali Hai Villas, Ka 'Eo Kai, Kauai Beach Villas, Shearwater and Makai. Terms of the deal were not disclosed.
Additionally, Wyndham Vacation Ownership has entered into an exclusive relationship with developer David Walters to expand the Bali Hai Villas resort, which includes plans to add more than 125 units and a new clubhouse. PAHIO's Kaua'i resorts have approximately 20,000 owners and are composed of more than 400 vacation units.
EARNINGS OUTLOOK HURTS DELL STOCK
NEW YORK — Shares of Dell Inc. plunged to their lowest level in nearly five years yesterday after the world's largest computer maker slashed its second-quarter earnings outlook below Wall Street's estimates, blaming its aggressive price cutting and a slowing global market.
The selloff wiped out nearly $5 billion of Dell's market value in a single day. And even though analysts believe the shortfall is largely a company-specific problem, the news sent shivers through the entire technology sector. Dell shares fell $2.19, or nearly 10 percent, to close at $19.91 on the Nasdaq Stock Market.
BELLSOUTH NOW PART OF AT&T
ATLANTA — BellSouth Corp. shareholders yesterday approved the proposed sale of their company to AT&T Inc. for $67 billion in stock. AT&T shareholders later voted to issue new stock in the combined company.
