Word: contracted
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Dates: during 2000-2009
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...merchandise to the world does not guarantee success. Companies with great brands and global reach can still lose money. But a well-respected brand can often persuade customers to pay more for its product, which helps maintain margins in the fight against lesser-known rivals. Without brands, Taiwan's contract manufacturers are forced to compete with one another almost exclusively on price as they seek to land deals to supply the Apples and HPs of the world?and that kills profits. According to Macquarie Securities in Taipei, the net profit margins at six major Taiwan tech companies fell...
...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...
...comeback with a caveat, however. Acer is prospering because it no longer makes computers?or anything else. Since Wang took over as Acer's president in 2000, the company has undergone a no-prisoners downsizing that jettisoned all of Acer's electronics manufacturing operations. The computer-making arm and contract manufacturing businesses were spun off and renamed Wistron. The consumer-electronics division became BenQ, and an LCD maker became AU Optronics. The new Acer exists primarily as a computer design, distribution and marketing company that hires contract manufacturers such as Taiwan's Quanta Computer to ship Acer-branded machines from...
...left knee (his landing leg) imploded and he disappeared. As sport usually calculates these things, this scarcely qualified as tragedy, even when lengthy surgeries and lost summers followed one after the other. Besides the memory of nearly 2,000 honorable if unheralded innings, Leonard had a guaranteed long-term contract to fall back on: $900,000 a year through...
...lack of a formal labor contract at USX may be one reason why corporate buccaneers, sensing the potential for wage cuts and an eventual increase in corporate earnings, soon began to sniff around. Another attraction for raiders is a USX pension fund with an estimated $2.5 billion in excess assets. Last month the company's stock began moving into some well-known hands. Among the buyers: Robert Holmes à Court, an Australian investor; T. Boone Pickens, the Texas oilman-raider; Irwin Jacobs, the Minneapolis entrepreneur and speculator. Pickens reportedly cashed in his chips two weeks ago for a big profit...