Word: jointness
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Dates: during 1990-1999
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...part of 18 months he flirted with the idea of buying troubled Apple Computer, a deal that fizzled last week when Ellison said he was backing off, at least for now. Instead, Valley insiders say Oracle, with close to $1 billion in cash on hand, is considering a rich joint venture with Korean conglomerate LG Electronics. Both are ambitious deals, carefully calibrated to morph Oracle from a corporate-software provider into a consumer-electronics powerhouse. Says Evan Bauer, a vice president at GIGA Information Group, a Connecticut consulting firm: "Larry is an eccentric, but he's not stupid...
...would also help compensate for a big Murdoch deal that seems to be falling apart: his joint venture with EchoStar to create a new satellite TV service called Sky. The service, announced with much fanfare in February, would beam 500 channels of digital programming to small home dishes. Because Murdoch's service would have the ability to deliver local over-the-air stations (which other satellite services cannot do), Sky could take significant numbers of customers away from cable. The prospect so alarmed rival media companies that they flooded Washington with lobbyists to try to stop Murdoch on regulatory grounds...
Honig has been offered tenure at Northwestern University with a joint appointment at the American Bar Foundation, a Chicago research organization. Honig has not yet decided whether to accept the offer
Purists fret that nonprofits are too eager to take easy money from corporations and that such handouts leave philanthropic groups vulnerable to a whimsical change of heart or a downturn in profits. Irving Warner, author of the book Art of Fund Raising, recently wrote that "the growth of joint-marketing ventures involving business and charities is a sign of real weakness in the fund-raising profession...
Opening the way for U.S. weapons sales to Latin American countries, beginning with Chile, is the result of joint pressures by the greedy American arms lobby and Chile's money-happy army. The fighter planes Chile seeks have as their possible target Argentina, which is reducing its armed forces to most citizens' delight. The arms race is dangerous and could disrupt the extensive trade between Chile and Argentina, which is the best guarantee of peace. MARIO CASAS ELIA Buenos Aires...