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Business Briefs

Reported by Star-Bulletin staff & wire

Wednesday, January 26, 2000

Maui hotel, union exchange charges

The management of KSL Grand Wailea Resort on Maui has filed an unfair labor practice charge against the International Longshore & Warehouse Union. The union responded by saying the company is acting "like a schoolyard bully."

In an exchange of allegations over attempts to get a new union contract for the hotel's 900 employees, the hotel told the National Labor Relations Board that the ILWU has canceled scheduled talks and refused to respond to management proposals. The union said KSL Recreation, which took over the hotel in December 1998, has cut jobs, wages and benefits. The ILWU said that instead of negotiating, KSL is wasting money on legal maneuvers.

Shipment warning hurts Qualcomm

SAN DIEGO -- Qualcomm Inc., the best performer in the Standard & Poor's 500 Index last year, fell as much as 20 percent after it warned its chip and cell-phone shipments may drop this quarter compared with last quarter.

Qualcomm fell $24.37 to $124.62 on volume of 68.4 million shares, making it the most active U.S. stock. Earlier, it touched $118.50. The stock surged 27-fold last year on optimism for the company's wireless technology, the fastest-growing digital cell-phone standard.

In other news ...

Maui Divers Jewelry has formed a partnership with submersibles operator American Deepwater Engineering Ltd. to harvest coral at depths of 1,200 feet.

ROUND ROCK, Texas -- Dell Computer Corp. said its fiscal fourth-quarter sales and profit will lag analyst estimates because of a shortage of components and Y2K concerns. The stock fell in after-hours trading.