Saturday, February 16, 2002

The Bloomberg /
Star-Bulletin Index

The Bloomberg Honolulu Star-Bulletin Index is a price-weighted index designed to measure the performance of Hawaii-based companies. The index was developed with a base value of 100 as of December 31, 1999. A chart of the index which shows the weekly performance of its members is published weekly in the Honolulu Star-Bulletin.

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Schuler rises
ahead of merger

Schuler Homes Inc., whose acquisition by D.R. Horton Inc. is expected to close Thursday, rose 2.4 percent this week to lead 12 other stocks in the Bloomberg Honolulu Star-Bulletin index.

The Honolulu-based homebuilder, which closed Friday at $22.17, has risen 11.7 percent this year and 81.9 percent over the past 52 weeks. (For merger details, see C4.)

Bank of Hawaii parent Pacific Century Financial Corp. was next with a gain of 1.3 percent to $25.05 while Alexander & Baldwin Inc. was third with a rise of 1.1 percent to $24.70.

The remaining 10 stocks in the index were either unchanged or posted losses.

Bringing up the rear was Cyanotech Corp., which fell 9.7 percent to $1.03 and Aquasearch Inc., which announced it was moving its Big Island production operations out of the country. Aquasearch's stock fell 7.1 percent to 6.5 cents.

Source: Bloomberg News

STAR-BULLETIN GRAPHIC