Word: legendizing
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...legend chairman Liu Chuanzhi prepared to sign last week's Internet deal with AOL Time Warner, he jokingly made a show of trembling hands to confidants. His gesture had a serious undertone. The $200 million agreement between these two strong-willed partners makes both sides nervous. Eighteen months in the making, it links behemoth AOL, the most visible symbol of American new media prowess, with Legend, a government-nurtured start-up that has grown to become China's most successful computer maker...
...joined the World Trade Organization, this deal can be viewed as a WTO walk-up, a signal of what life might be like once China becomes a member. Upon entry, China has agreed to open its Internet market to foreign participation, making possible previously unthinkable arrangements like the AOL-Legend link. And for the communist officials who run China, you can't get much more foreign than AOL Time Warner, a $40 billion company with a broad array of interests in the Internet, movies, cable and publications?none of which hews to a government line. "This is a classic example...
...most ambitious in Asia. China is potentially the world's largest Internet market, but so far Net companies aren't finding it profitable. The partners haven't ruled out buying a controlling stake in one of the country's troubled portals. But for now, the idea is that Legend's PCs will be sold Internet-ready for the home market, with easy-to-follow instructions to get buyers quickly up on AOL's trademark services. To help attract Chinese surfers, the partners plan to offer 12 months of free Internet service with every computer before moving to a monthly subscription...
...could scarcely have found a more muscular partner in China than Legend. The computer maker dominates the country's home-PC market, with a 40% share. (Sales totaled $2.2 billion last year.) Legend's chief financial officer, Mary Ma, the company's main negotiator on the deal, says the Chinese firm initiated the courtship. Legend, she says, was convinced that, with the WTO's open market pending, it needed a sophisticated foreign partner to help differeniate itself in the market...
...hours that night. Around four in the morning he called his pal Joey Reynolds, the all-night radio host, to say that Billy Joel and the James Brown horn section had showed up at his birthday party. He was just kidding, or wishing. But who needed them when two legends were filling that tiny stage? A living legend, Les Paul, and the precious memory of his partner. He closed the first set that night with the plaintive ballad 'Just One More Chance.' He was playing it, he said, 'in remembrance of my partner Mary...