BUSINESS BRIEFS
Isles 2nd to last in tech exports
Advertiser Staff and News Services
Hawai'i ranked second to last in the nation in high-tech exports last year, according to a survey released yesterday.
Hawai'i, which has one of the smallest technology sectors in the country, exported $15 million in communications equipment and other electronics last year, according to the American Electronics Association.
That placed Hawai'i 51st among the 50 states, District of Columbia and Puerto Rico. Wyoming ranked last with just $10 million in high-tech exports, while California took top honors with $51.8 billion in tech-related exports.
Hawai'i's leading export destination was Japan (at $5.9 million), followed by the United Kingdom ($2.7 million) and Canada ($1.2 million).
The state's high-tech exports dropped 46 percent, or $13 million, from 2005, according to the figures, which were generated by the U.S. Census Bureau.
CYANOTECH TO MISS DEADLINE
Kailua, Kona-based Cyanotech Corp. today announced it will not meet an extended deadline for filing its annual financial report with the Securities and Exchange Commission.
The maker of nutritional supplements on the Big Island said it is continuing to work with its public accountant, KPMG, to resolve possibly material non-cash technical accounting matters.
Cyanotech said it believes it will be able to file the report covering the fiscal year ended March 31 by July 30.
Shares of Cyanotech closed down 2 cents today, or 1 percent, at $1.34 on the Nasdaq Capital Market.
CENTRAL PACIFIC DIRECTOR BUYS IN
Central Pacific Financial Corp. director Clayton K. Honbo has purchased 7,000 shares of the Honolulu-based bank holding company's shares, according to a filing with the U.S. Securities and Exchange Commission.
The filing shows Honbo bought the stock yesterday, bringing the number of shares he beneficially owns in the company to 8,793.
