Reported by Star-Bulletin staff & wire
Monday, October 20, 1997
Bankoh's parent names new vice chairwoman
Pacific Century Financial Corp., parent of Bank of Hawaii, has chosen banker Mary Carryer to replace Vice Chairman Tom Leppert, who is leaving the bank to become a Campbell Estate trustee.Carryer, 50, will become the highest-ranking female at the bank when she starts work early next month.
Carryer has been general manager in charge of consumer marketing and product development at Westpac Banking Corp., one of Australia's largest bank holding companies. She also served as chairwoman of the technology group for the bank, one of the largest in the Pacific.
Carryer previously was senior vice president for corporate planning at Wells Fargo & Co. in San Francisco.
She will oversee Pacific Century's two mainland subsidiaries and information management functions.
WebTV investment hits Microsoft's earnings
REDMOND, Wash. -- Microsoft Corp. said today its first-quarter profits rose about 8 percent over the same period last year, held down by a write-off for the software company's investment in WebTV.Net income for the quarter ended Sept. 30 was $663 million or 50 cents a share, compared with profits of $614 million or 47 cents a share a year ago. Excluding the one-time write-off of $296 million to acquire technology related to the WebTV investment, net income would have been $959 million or 72 cents a share, an increase of about 55 percent.
IBM earnings up 6% despite strong dollar
NEW YORK -- IBM today reported a nearly 6 percent profit increase in the July-September quarter with another big gain in its services business offsetting the damage done to foreign revenues by the strong dollar.IBM earned $1.36 billion in the quarter, or $1.38 a share, on revenues of $18.61 billion. A year earlier the company earned $1.29 billion, or $1.23 a share, on revenues of $18.06 billion.