Word: delle
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...takeover battle. Still, the judges stopped short of a full acquittal, invoking the statute of limitations on a related bribery charge, implying some degree of guilt. The sunny skies lasted for less than 18 hours before a Palermo court brought some rain by convicting Berlusconi's longtime confidant Marcello Dell'Utri of colluding with the Mafia, and sentenced him to nine years in prison. Dell'Utri was a key executive for Berlusconi's business empire and helped form the Prime Minister's Forza Italia party; he will appeal the verdict. Berlusconi wasn't implicated in the case, but the verdict...
...World Trade Organization in 2001, tariffs have plunged and foreign rivals have swarmed the country, forcing domestic firms to cut their prices. Although China's economy is still booming, prices for consumer goods actually fell 1% through October this year. Lenovo, which has been under threat domestically from Dell, has seen gross margins from its corporate PC business fall from 14.8% last year to 12.4% in the second quarter of this fiscal year. "Chinese are buying foreign companies out of desperation because of shrinking margins at home," says Arthur Kroeber, managing editor of China Economic Quarterly...
...chosen in 2002 as Harvard’s primary vendor of personal computers and laptops after a bid process that included IBM, Hewlett-Packard and Dell. In the end, it was determined that, “IBM offered very competitive pricing, an ongoing pricing methodology that supported our goals, strong service and support, and dedicated commitment to product research and development,” Moriarty wrote in a 2002 press release...
...shotgun marriage between Sears and Kmart is the brainchild of Kmart chairman and maverick investor Edward Lampert. A billionaire finance whiz who counts David Geffen and Michael Dell as clients and Warren Buffett as his idol, Lampert took control of Kmart when it came out of bankruptcy 18 months ago. Since then Lampert, 42, who also happened to be Sears' largest single shareholder through his ESL Investments, has turned Kmart into a cash cow, albeit a shrinking one. Although critics describe his moves as short-term fixes, he reduced inventory, slashed costs, limited discounts and sold off some of Kmart...
...facing some serious competition. Virgin's new Player 5 GB ($250; virginelectronics.com has smart playlists, an FM tuner and twin headphone jacks. Creative's 5-GB Zen Micro ($280; creative.com) with its radical touch-pad face, comes in 10 colors, twice as many as the Mini. The 5-GB Dell Pocket DJ ($200; dell.com may have fewer frills, but it also costs fewer dollars...