Word: marketed
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Dates: during 2000-2009
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...They are surrounded by a host of new technologies and hungry cable companies, wireless operators and handset providers with low-cost solutions and must-have apps. These competitors and their supply chains are smarter, faster, more aggressive. And they're gobbling up business in the $1.7 trillion global market for telecom services, including traditional fixed lines, at a ferocious rate...
Technology shifts can be wrenching, but it's not as if telcos and their suppliers didn't know that wireless would eventually prevail in telephony. Yet unlike their new and younger rivals, Nortel, Lucent and other wire-line-equipment powers have found it difficult to take market share in next-generation technologies such as Internet telephony and wireless broadband. Recession has served, as it often does, to fast-forward a power struggle that promises to reshape forever how we communicate and consume media...
...looks far worse for Toronto-based Nortel Networks, a key supplier to North American telcos and once the brightest light in the Canadian economy. It was worth $250 billion, or about 35% of the total market capitalization of the Toronto Stock Exchange, before it flamed out in the post-dotcom bust. Earlier this year, Nortel, a company with $10.4 billion in annual revenues that has spent nearly a decade mired in accounting scandals and feckless attempts to reinvent itself, initiated bankruptcy proceedings. It will probably sell its most prized assets to chief rivals, including Nokia Siemens Networks and Avaya...
...future is not, however, much brighter at Paris-based Alcatel-Lucent, the largest maker of fixed-line networks. Alcatel merged with Lucent Technologies in 2006 in a move intended to grow market share, but it has since axed from payroll 17,500 employees, including its ousted American CEO, Patricia Russo, in what has turned into a restructuring and cultural nightmare. "There are no bronze medals in the telecom-equipment market," says analyst Duncan Stewart of Toronto-based DSAM Consulting. He says Silicon Valley's Cisco Systems and Sweden's Ericsson have the biggest market share, fattest margins and most cash...
This has nothing to do with Bacon as the phenomenon of last year's hot auction market, now extinguished, where one of his triptychs sold for $86 million. By bringing together almost five decades of his work into a collective cry, this show makes you realize how rare it is to see contemporary art that attempts, much less achieves, what used to be called a tragic dimension. Irony you can find in any gallery these days, as well as low comedy, puerile cool and enigma. But in a time that has its share of suffering, where is the art that...