The saltwater marsh created by the Port of Everett off Union Slough north of Everett will be renamed in memory of the late Jack Olson, former director of engineering and planning for the port. The dedication will take place at the site off Highway 529 at 3:30 p.m. Nov. 22. For more information, call 425-259-3164.
Everett port hires marina designer
Port of Everett commissioners have agreed to spend $847,000 to have a Seattle engineering firm design the port’s new marina. PND Inc., a consulting engineering firm, will do the final design for the marina, which will have 250 slips, mostly for larger boats. Dredging work and construction of the marina, which is expected to begin next year, will cost more than $14 million.
Agilent profits fail to meet forecasts
Agilent Technologies Inc., which has a division in Everett, reported Thursday that its profit and sales for the latest quarter missed expectations because of weakness in the market for semiconductors and the equipment used to make them. The company, which makes semiconductors, instruments and test equipment, said it expects the “sharp adjustment” in the chip market to continue to hurt its semiconductor products and automated test segments for the next three to six months. Net income for the fiscal fourth quarter ended Oct. 31 was $74 million, or 15 cents a share. That compares with the prior year’s $13 million, or 3 cents a share.
Newsweek plans consumer magazine
Newsweek is launching a test version of a new shopping and consumer magazine next week based on its popular “Tip Sheet” section at the back of the magazine. The magazine, to be called Tip, will be sold on newsstands beginning Monday, and will also be mailed to about 150,000 of Newsweek’s 3 million subscribers, Newsweek said Thursday. The inaugural issue of Tip has advice and how-to articles on holiday shopping and entertaining, including one on how to plan a party. It has a cover price of $4.95.
Technology buying boosts Dell profits
Dell Inc. said its profit surged 25 percent in the third quarter as the world’s largest personal computer maker posted record sales due to rising technology spending in the corporate and government sectors in the United States and abroad. Dell said Thursday that it earned $846 million, or 33 cents a share, compared with $677 million, or 26 cents a share, in the same period of 2003. The results matched the forecasts of analysts surveyed by Thomson First Call.
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