Word: flat-screen
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...Michelle Nance, 34, starts work this week in San Francisco as a nurse. She's planning a long-delayed visit to the dentist and the purchase of a new set of tires. But with $40,000 in student loans, "I'm not going to go out and buy a flat-screen TV," she says. Wal-Mart and Target both reported declines in sales growth in June. A drop in consumer spending, which accounts for two-thirds of the economy, could slow the recovery. "We're watching that very carefully," says Duncan Meldrum, president of the National Association for Business Economics...
...time-sensitive e-mail to a client when the lights flickered off. Zhu was forced to lug his desktop computer to an Internet caf? in a neighboring district to get the message out in time. When he returned home that night, the power was off, rendering his new flat-screen TV and expensive air-conditioning unit inert. "My TV is just like a painting on the wall with no use," he says. "And I've started using a traditional fan to keep myself cool." One of Hangzhou's most-popular chat rooms now focuses on how to deal with such...
...backing up his tough talk with a strategy to augment the company's design and technology prowess. For instance, LG.Philips announced in March it would invest $22 billion with its suppliers in new flat-screen production facilities over the next 10 years. Kim is recruiting engineers at a furious pace, aiming to increase research-and-development teams to 60% of LG's total payroll by 2005, from 40% today. One recent afternoon at the LG Electronics Corporate Design Center in Seoul, young Koreans in jeans and hip black sweaters were packing up plastic models of computer monitors and microwaves...
...Korea has fostered a focus at LG on design and function that capitalizes on the digital home. Last year LG was the world's largest seller of mobile phones operating on the CDMA standard, which allows more people to use a network at the same time. It makes dazzling flat-screen TVs and other leading-edge gadgets. LG.Philips LCD, a joint venture formed in 1999 with Royal Philips Electronics, became the world's biggest maker of the LCD panels used in flat-screen TVs and monitors in 2003, with 22% of the global market. The unit's operating profit soared...
...backing up his tough talk with a strategy to augment the company's design and technology prowess. For instance, LG.Philips announced in March it would invest $22 billion with its suppliers in new flat-screen production facilities over the next 10 years. Kim is recruiting engineers at a furious pace, aiming to increase research-and-development teams to 60% of LG's total payroll by 2005, from 40% today. One recent afternoon at the LG Electronics Corporate Design Center in Seoul, young Koreans in jeans and hip black sweaters were packing up plastic models of computer monitors and microwaves...