Reported by Star-Bulletin staff & wire
Wednesday, April 15, 1998
Isle seminar to help firms sell to military
Hawaii businesses that want to sell their goods and services to the military will be able to learn how the federal procurement contract process works, at an all-day seminar April 24 at Pearl Harbor.Professionals from the Army, Navy, Marine Corps, Coast Guard and other Defense Department procurement offices will be joined by representatives of the federal offices that support business, as well as officials from Hawaii financial and insurance institutions and other experts in federal contracts.
Organized by the local chapter of the National Contract Management Association, the seminar will run from 8 a.m. to 4 p.m. and costs $40 per person for advance registrants, $45 for those who pay at the door. The event will be in The Banyans at the All Hands Club, Pearl Harbor Naval Station.
For information contact Hector Venegas at 523-2931.
Apple Computer profit beats street estimates
SAN JOSE, Calif., -- Apple Computer Inc., helped by further cost cuts and popular new computers, today reported its second straight quarterly profit, far outstripping expectations.The company earned $55 million, or 38 cents a share on a diluted bases, for the January-March quarter, traditionally a slow time for the computer industry. The profit compares with a loss of $708 million, or $5.64 cents a share, a year ago, when the company had a restructuring and an acquisition.
Analysts surveyed by First Call had predicted a profit of 17 cents a share.
Revenue fell 12 percent, to $1.4 billion from $1.6 billion. But Apple shipped 8 percent more computers than it did a year ago, and margins rose, thanks to its new Macintosh G3 computers.
American Air's Crandall to retire after 18 years
FORT WORTH, Texas -- After 18 years at the helm of American Airlines, Robert Crandall is retiring as head of the nation's second-largest air carrier.Crandall, 62, will step down after the annual meeting May 20, the airline said today.
Donald Carty, 51, president of American since 1995 and an 18-year veteran with the company, will succeed Crandall as chairman, president and chief executive of AMR Corp., the airline's parent. Crandall also is expected to give up his board seats at AMR, American Airlines and the Sabre Group, the former American information technologies division that was partially spun off from AMR in 1996.
In addition to serving as chairman, president and CEO of AMR, he is chairman and CEO of American and chairman of Sabre, which is 82 percent-owned by AMR.
Ameritech plans to cut 5,000 jobs worldwide
CHICAGO -- Ameritech Corp. said it will cut 5,000 jobs, or about 7 percent of its work force, as part of a plan to slash expenses by $3 billion over the next five years.The company, which yesterday also announced an 8 percent drop in first-quarter profits, said the workers would come from its cellular and home-security divisions. But spokesman Jerrell Ross declined to elaborate on where the bulk of those workers are based.
Ameritech, the parent of phone companies in Illinois, Indiana, Michigan, Ohio and Wisconsin, has 73,000 workers worldwide.
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