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...BenQ is getting noticed. So far this year, its branded products generated 44% of its revenues (the company still produces projectors, LCD monitors and mobile phones on a contract basis). But Lee's bold strategy has serious risks. According to consulting firm Gartner, Motorola last year discontinued buying phones from BenQ because the Taiwan firm had started selling its own mobile phones. (Neither Lee nor a Motorola spokesperson would comment.) The acquisition of the Siemens unit is also risky. Burdened with stodgy phones, high costs and falling market share, the German operation is losing about $1 million...
After coming to office in 1981 on a wave of popular support, the Socialists were expected to change everything for the better--fast. It was thus inevitable that the public would be disappointed. The government immediately undertook a bold expansionist economic program aimed at speeding up growth. The main result, though, was three devaluations of the franc. In 1982 the government switched to an austerity program that resulted in lower inflation but also a sharp increase in unemployment. While that policy soothed many furrowed brows, the Socialists were stuck with a reputation for erratic leadership...
...phoned bankers to refinance their mortgages at interest rates not seen since 1978. Economists called up clients to report that U.S. growth will be more robust than almost anyone had expected. Corporate treasurers got on the speakerphones with their investment bankers in New York City to talk about financing bold projects with multimillion-dollar bond issues...
...Most court watchers expect that if the law is struck down, the grounds will be narrow. The precedents are so unclear, the implications of any broad new rule so uncharted, and popular or legal consensus on the wisest course so undeveloped that small, tentative steps appear more advisable than bold strides. --By Richard Lacayo. Reported by Anne Constable/Washington
...Bold and promising as these new endeavors may be, few are profitable so far. The Baby Bells' nontelephone operations last year lost an estimated $500 million on revenues of $2.5 billion. The deepest deficit was suffered by Colorado-based U S West, which lost an estimated $200 million. Nynex had losses of some $100 million. Still, the seven regional firms prospered overall last year, earning $7.5 billion on total revenues of $63.3 billion. Their former parent, AT&T, last year earned only $1.6 billion on revenues of $34.9 billion...