Word: maker
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...january cover package in time global business included a feature about Haier, the leading appliance maker in China and sixth largest in the world, with revenues growing 49.7% in 2001, to $7.4 billion. But Haier's halo is slipping. In July the company sued Yicong Chen, 25, a Beijing-based securities analyst for a government-owned company who had written a critical research report. Haier then announced a 45% decline in first-half profits, largely because of weak sales of air conditioners--a segment that Chen's report covered. Chen nonetheless agreed to a court-supervised apology for the "distorted...
Advent Networks Inc., a two-year-old Austin, Texas, maker of broadband equipment for cable operators, hit pay dirt in May when it signed Mitsubishi to be its distributor in Japan. Already the Asian trading titan has got an order to sell $5 million worth of Advent's equipment to Tokai Group's AIC Cable Network, Japan's fourth largest cable operator, over the next two years...
Dalias' first clever move was to enlist a champion with a gold-plated international Rolodex: Michael Feinstein, a senior principal at Atlas Venture in Boston. Before becoming a venture capitalist, Feinstein had been vice president of marketing in charge of global sales at New Oak Communications, a maker of Internet security devices that is now part of Nortel Networks. Through his contacts, Feinstein was able to entice the business-development director of NetOne to visit WaveSmith at its Acton, Mass., headquarters for a demonstration of its new multiservice switch. The product, which transmits data, voice and video in a carrier...
...evidence indicting the Iraqi government as a grave threat to American and world security—including links to terrorists such as the now-deceased Abu Nidal and terror groups such as al Qaeda, known stockpiles of biological and chemical weapons, reports from Iraq’s former bomb-maker that its scientists could be months away from producing a nuclear weapon, Hussein’s gassing of the Kurds, his wanton slaughter of Iraqi dissidents and civilians, his firing at U.S. and British planes patrolling the “no fly” zones, his agents’ attempt...
America's love affair with porsches is so strong - almost half of all those made are sold in the U.S. - that for several months the sports car's German maker has been considering whether to list its shares on the New York Stock Exchange. But when Porsche chief executive Wendelin Wiedeking saw the tough new Sarbanes-Oxley Act that President Bush signed into law this summer on the heels of the Enron and WorldCom scandals, he had a fit. The new law, which seeks to safeguard against fraudulent accounting, requires CEOs and CFOs to vouch for the accuracy of their...