Word: motorolas
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...what happens when China, the workshop of the world, pulls double shifts, travel to Fenghua, a Spartan town 10 miles outside the eastern coastal city of Ningbo. There, Ningbo Bird, a manufacturer of mobile phones, has sprung from obscurity to challenge much larger foreign competitors, such as Nokia and Motorola, in a high-stakes battle for mainland market share. According to some estimates, Bird sells more cell phones in China than any other company, with revenues of approximately $1.4 billion...
...factories that can churn out 18 million phones a year, but since China, the world's largest mobile-phone market, already has 250 million users, growth is slowing down, and Xu knows that he needs to stay competitive. ("I have a dream that we will be as big as Motorola, IBM or Microsoft," Xu says...
...were a big concern. Wen accepted the 19-gun salute he received on the South Lawn of the White House, then fired his own volley, gently reminding his hosts that China is the fastest-growing market for America's exports. There are U.S. companies that agree. Multinationals such as Motorola and Caterpillar have invested heavily in China and strongly oppose protectionism targeted at China...
...some exports irritate certain U.S. firms. In October, China responded to U.S. pressure by reducing a tax rebate for firms selling abroad. Multinationals operating in China complained. "Foreign companies were hurt disproportionately because so many are set up for export and expected that rebate," says a senior executive of Motorola, which sells Chinese-made mobile phones around the world. Sales from foreign companies operating in China account for more than half of China's exports. That has made U.S. businesses especially wary of American protectionism, and small U.S. firms trying to compete with China receive little sympathy from their larger...
...what is fast emerging as a corporate morality play, Breen (the good) has set out to methodically reform the Tyco that Kozlowski (the bad) left in disarray. To Wall Street's approval, Breen, formerly president of Motorola, is having considerable success at a company that under Kozlowski had come to represent corporate greed. Tyco's share price has more than tripled, from a low of $8.21 when Breen took over in July 2002. The mountainous debt Kozlowski amassed is steadily being paid down. Tyco is heading back into solid profitability this year, having lost money in 2002 and narrowly avoiding...