Word: motorola
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...winners in the expansion will continue to be not consumers but corporations, many of which have been reaping huge profits after slashing their payrolls and other costs. Just last week PepsiCo said its third-quarter earnings rose 18% over those of a year ago, to $541 million. Motorola's profits surged 50% to $380 million. Chrysler topped both those gains with profits of $651 million, which represents an increase of 54%. Such news helped spark a rally on Wall Street that lifted the Dow Jones industrial average 55 points in a single day and 113 points for the week...
...soldiers, a few blocks away Germany's business leaders were greeting a star-studded U.S. corporate delegation eager to get the new era of peace and prosperity off to a lucrative start. Among the Americans: General Motors ceo John Smith, IBM chairman Louis Gerstner, Goldman Sachs chief Stephen Friedman, Motorola's Robert Galvin, Morgan Stanley's Richard Fisher and Dwayne Andreas of Archer-Daniels-Midland. Said U.S. Ambassador to Germany Richard Holbrooke: "For almost five decades in the postwar period, the relationship ((between the U.S. and Europe)) was basically military. The departure of the troops from Berlin represents the beginning...
...wire up America, cellular firms are racing to create networks in the air. Last week Nextel Communications, a New Jersey wireless company, gained just such a coast-to-coast system when it acquired the cellular operations of Dial Page of South Carolina plus the mobile-radio business of Motorola in deals valued at $2.7 billion. The combinations will pit Nextel, a firm with 200,000 customers, against AT&T, which agreed to pay $12.6 billion for McCaw Cellular last year. Also in the fray are Nynex and Bell Atlantic, which agreed in June to combine their cellular units...
...effort to develop an ultrathin, power-packed chip able to process data efficiently. Any such progress in speed is a boon for those trying to get video, pictures and the other ingredients of multimedia up and running on the info highway. The consortium of IBM, AT&T, Motorola and Loral intends to produce a chip about half the width of those used currently...
Joint patrols were also working well in Jericho. Two vehicles, one from each side, cruised the area together, flying bright saffron flags, their occupants communicating in Arabic, Hebrew and sometimes English on Israeli-issued Motorola radios. Said an Israeli soldier: "They were our enemies, but now we work together. We made the switch." His Palestinian counterpart added, "We are friendly with them, trading water, food and hot drinks...