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Reported by Star-Bulletin staff & wire
Friday, February 9, 2001
Dole announces changes at the top
Dole Food Co. has promoted Lawrence Kern to president and chief operating officer, replacing David DeLorenzo, who will become the international produce company's vice chairman.Kern, 53, had previously overseen a major restructuring of Dole's fruit and vegetable operations worldwide, the company said yesterday. Kern, who joined Dole in 1993, will also become a director. DeLorenzo, 54, joined Dole in 1970 has been president and chief of operations for the the past 10 years. Dole was founded in Hawaii in the mid-1800s but is now based in Westlake Village, Calif., though it still has agricultural operations in the islands.
Motorola to slash 4,000 jobs worldwide
SCHAUMBURG, Ill. -- Motorola Inc., the No. 2 maker of cellular telephones, said it will cut 4,000 semiconductor jobs worldwide, or 12 percent of its microchip workers, because demand has slowed.Motorola already has laid off temporary and contract workers, spokesman Ken Phillips said, and the company hopes to use attrition and voluntary and involuntary severance packages for the rest. The cuts are expected to continue into the second quarter, he said. The Schaumburg, Ill.-based company has struggled with falling demand for its cell phones and semiconductors because a weakening economy has cooled sales and left Motorola's customers oversupplied, Bloomberg News reported. Motorola's stock closed down 92 cents today at $18.90.
British firm buys maker of Barney
LONDON -- Hit Entertainment Plc, the British producer of the TV cartoon series "Bob the Builder" agreed to buy Lyrick Studios, the maker of "Barney the Dinosaur" for $275 million in cash and stock to boost sales in the United States. The U.K. company distributed "Barney the Dinosaur" for three years until 1996 and will market the character outside the United States. Hit will gain access to the U.S. market for products based on its characters.