Word: maker
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...company, with annual revenues of $6.32 billion, doesn't manufacture drams at all. It focuses instead on logic chips, and increasingly on flash memory cards, used to store pictures taken with a digital camera. Another difference: STMicro has formed partnerships with several key customers, such as mobile phone maker Nokia. This allows the company to involve its customers early on in the development of semiconductors. "This secures a very strong and loyal customer base," says analyst Malcolm Penn. STMicro was criticized for not jumping in when the dram cycle was up. But analysts say it takes strong nerves and experience...
...Really Old Economy A battle broke out for Centerpulse, Europe's biggest maker of artificial hips and knees, when Zimmer, of the U.S., made a $3.2 billion hostile bid for the company, trumping a $2.3 billion offer by Britain's Smith & Nephew...
...tailored for the executive-aircraft market, while Embraer has simply refitted one of its commercial jets." But as Knappen spoke, the government of India announced it had bought five 10-seat Legacys for use by its top officials. Bombardier - which owns Learjet, the world's most famous business-jet maker, and Global, a line of larger craft costing as much as $44 million - had competed for that contract. Bombardier, while proud of its status as the world's third largest aircraftmaker (after Boeing and Airbus), is feeling more and more like Goliath to Embraer's David. Under new CEO Paul...
...Pupendo is not enjoyed; Pupendo hurts," says Czech Culture Minister Pavel Dostál. "All the same it's a great film." Milos Forman, the émigré Czech film-maker and two-time Oscar winner, hails Hrebejk's ability to speak with "originality, imagination and humor about the dilemma of people trying to survive and have a decent life in a small country dominated repeatedly through centuries by powerful neighbors." Hrebejk's gallows humor makes Pupendo hilarious at times. In one scene, Mára's wife, who makes ceramic piggy banks for a living, switches from pig shapes...
...Assa Abloy's stock twentyfold. When he left earlier this year, he took with him a personal fortune of $60 million. You might expect Svanberg, now 50, to ease into early retirement. But last month he took over as president and CEO of Ericsson, the sprawling Swedish telecom-equipment maker that's all locked up in a world of trouble. Ericsson hasn't turned a profit in more than two years. It's had four CEOs in five years and has laid off almost half of its once-mighty workforce of 107,000. Why would Svanberg want such a migraine...