Word: maker
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...government decided that wind power should be priced according to the market two years ago, construction of new turbines has fallen sharply. One of the beneficiaries of Denmark's early move into wind power is Vestas Wind Systems, based on the North Sea coast in Ringkobing. Originally a maker of farm equipment, Vestas began manufacturing windmills as a sideline and sold them to farmers. The company, which now makes only wind turbines, is the largest manufacturer of them in the world, claiming a 24% market share. Starting with 60 employees after a bankruptcy filing in 1986, the company now employs...
...Rival companies are racing to build more specialized machines. Matsushita, maker of the Panasonic brand, has developed a vacuum-cleaning droid with powerful dust sensors, while Sanyo is working to commercialize a remote-controlled guard dog equipped with a digital camera and mobile phone. Sony has taken a slightly different approach. While Honda researchers pursue the holy grail of the film Bicentennial Man?a mechanized butler?Sony's vision is closer to the sci-fi movie A.I., which features a boy-bot that offers unconditional robot lovin'. The company has sold more than 100,000 of its toylike AIBOs since...
...Tyco shares (with dividends reinvested) had still gained almost 400% in the decade since Kozlowski took over and turned the company into a merger machine, according to Harvard Business School associate professor Robert Kennedy. Along the way, Kozlowski snapped up electronics manufacturer AMP, security firm ADT and medical-products maker U.S. Surgical...
...this year - the capitalization of software companies has fallen by an average of 39% - old economy stocks have quietly lasted out the boom and bust and are now reaping the benefits. But these companies didn't emerge unchanged, notes Anthony Habgood, executive chairman of Bunzl, a paper distributor and maker of cigarette filters that moved into the FTSE 100 last week. "We took a very pragmatic view with respect to the use of new technology, as indeed have a lot of manufacturing companies," he says, and this has transformed the way they interact with customers. It also brought gains...
DIED. GENICHI KAWAKAMI, 90, entrepreneur dubbed "the emperor," who oversaw the expansion of a tiny Japanese corporation he inherited from his father into Yamaha, world-renowned maker of motorcycles and musical instruments; in Hamamatsu, Japan...