Business Briefs

Reported by Star-Bulletin staff & wire

Friday, February 12, 1999

Isle hotels plugged in online video

Visitors planning trips to Hawaii will soon be able to take full-motion video tours on the Internet of five more Hawaii hotels. HotelView, a subsidiary of Visual Data Corp. in Florida, has made interactive computer videos for the Outrigger Reef, Outrigger Waikiki and three Otaka Hotels & Resorts properties -- the Hawaiian Regent and the Hawaiian Waikiki Beach Hotel in Waikiki and the Kona Surf Resort on the Big Island.

HotelView earlier made videos for Hilton Hawaiian Village and the New Otani Kaimana Beach Hotel.

Macadamia grower posts flat profits

ML Macadamia Orchards LP had a profit of $1.2 million, or 16 cents a share, in the final quarter of 1998, unchanged from the numbers reported for the 1997 fourth quarter. Revenues for the three months ending Dec. 31 were down $1.4 million from the 1997 quarter but costs were down about the same. The grower of macadamia nuts on the Big Island said sales in the latest quarter were $5.4 million, compared with $6.8 million in the year-earlier period. For 1998, the company earned $963,000, or 13 cents a share, down from $15.8 million, or $2.06 a share, in 1997. Sales last year totaled $12.4 million, up from $12.1 million.

JTB Hawaii expects rise in tour deals

JTB Hawaii Inc., the biggest tour arranger in Hawaii for Japanese travelers, expects its business to be up 2 percent for its fiscal year, which ends March 31.

JTB said it expects to have handled 490,000 tourists in the 12 months, compared to 480,000 in the previous fiscal year and 460,000 in the year through March 1997.

JTB said it expects an increase of 5 percent to 7 percent in the package tours that make up about 60 percent of its business.

The company said its overall business in the coming year will probably be about the same as in the current one.

Earnings concerns hurt Dell shares

ROUND ROCK, Texas -- Dell Computer Corp. shares fell about 12 percent today on concern that fourth-quarter sales won't meet expectation when the biggest direct-seller of personal computers reports earnings Tuesday.

Dell fell $12 to $89.87 in late trading of 66 million shares, making it the most active U.S. stock.

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