Continental Micronesia is simply Continental' s operation in Guam. It is a separate entity as far as certificates and companies are concerned but it is essentially an extention of Continental. CO pilots are free to bid to Guam and employment and contractural issues are the same. CO used to operate DC-10's and 727's out of Guam but now only operate the 737-800. All are ETOPS birds and it is some of the most beautiful and challenging flying in the world. I think the question of non-stop flights to Guam are simply a matter of demand. Many going to/from Guam are not going to the states so a stop in Honolulu makes sense. I had the opportunity to spend a year in Guam flying for AIR MIC and have never regretted it. Historically, Guam has been the junior base for CO so many new hire pilots have been forced to go there right out of training. It is a 7 hour flight from Honolulu and it is very difficult to commute. I recently looked at the staffing in Guam and new hires are no longer being required to go there - most go to Newark and a few end up in Houston. I would recommend to any new hire CO pilot who is looking for a little adventure to pack up and try it for a year or two. I guarantee you will remember it for the rest of your career.