Word: german
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Dates: during 2000-2009
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...constant and intense. Geldof came up with the idea for the Africa Commission that Blair enthusiastically implemented, laying out a detailed program for reform. With the precision of a wizened diplomat, Bono has learned to modulate between gut-wrenching appeals to conscience and public back-pats for leaders like German Chancellor Gerhard Schröder who face flak for coughing up too much for Africa. This co-dependency is getting practical results: to start with, some $40 billion in debt relief has been announced, with campaigners hinting that a deal is in the works for a substantial boost...
...court in Germany has ruled that soldiers in the German army should be allowed to keep their mullets and ponytails. In a related story, the German army is now doing most of its recruiting in New Jersey." --CONAN O'BRIEN
...Taiwan is reaching for the limelight. Earlier this month, Taiwan consumer-electronics company BenQ, a relatively unknown maker of everything from notebook computers to LCD TVs to MP3 players, agreed to acquire the mobile-phone business of German behemoth Siemens, thereby becoming the world's fourth-largest mobile-phone company with total annual revenues of nearly $11 billion. Not only is the firm gaining size, it is gaining marketplace visibility. BenQ gets to use the top-notch Siemens brand name for five years. K.Y. Lee, BenQ's ceo, plans to mark his phones BenQ-Siemens, pumping his own brand more...
...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 a day. To seal the deal, Siemens management agreed to pay BenQ $300 million?cash that will help BenQ to shore up the business, according to the companies. Siemens also agreed to buy $60 million in BenQ stock. Despite the fact that Siemens virtually...
...Taiwan doubts Lee's chutzpah?Mitac's president Billy Ho praises him as "full of courage"?but a turnaround will take more than guts. Lee must repair the German unit while tussling with Nokia, Motorola and Samsung for global market share. Even Lee admits that how successfully he integrates his new handset business "will determine the destiny of BenQ." But the reality for BenQ and the other Taiwan tech outfits is that high-risk ventures may offer the best chance at survival. "They realize they have to do something very drastic," says IDC's Pulskamp. For Taiwan, it's take...