Word: motorolas
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What do you think of the government crackdown on your family businesses? Everyone knows this is a political lynching. There is no country in the world that does to you what [Prime Minister Recep Tayyip] Erdogan has done to my family. Motorola's complaint states that your company, Telsim, never intended to pay back its loans. It also says your family has tried to intimidate Motorola into dropping the suit A bunch of outright lies. The intention to settle was there all the time. This family has never said we will not pay. Not once. So when will...
...business interests, and Cem himself is barred from leaving the country because of the bank imbroglio. And that's just the family's troubles in Turkey. In New York, a judge could rule as early as this week on a fraud and racketeering case brought against the Uzans by Motorola and Nokia. The mobile-phone giants allege that the Uzans lured them into loaning $2.7 billion in cash and equipment to an Uzan-controlled company, Telsim, and that the family had no intention of repaying the loans. Hundreds of millions of dollars of the Uzans' overseas assets have been frozen...
...Monster train (named for its Monster Energy drink) and plans to give drink samples to passengers and display video ads. "We prefer to call it a totally immersive branding environment," says Patrick Pharris, chief executive of Promethean Partners, which is selling the monorail's advertising and has also secured Motorola as an early partner. Ad revenues will help subsidize fares on the monorail, which will be the first modern U.S. public-transit system financed entirely by private funds...
Incompatible international standards can defeat even the strongest cell phones. No longer: new technology allows subscribers to communicate by voice, text or photo no matter where they are in the world. Software start-up fastmobile, run by two Motorola refugees in Schaumburg, Ill., rolled out its "fastchat" service earlier this month. Fastchat crosses networks, which means subscribers can chat even if they have competing mobile services, provided their company has joined fastmobile. So far, AT&T, Cingular and T-Mobile are on board. --By Maggie Sieger
...October, TIME Global Business profiled Mazin Ramadan, 35, CEO of a Seattle-based software start-up, 4thpass, which had recently been sold to Motorola for more than $20 million. Ramadan, left, examined the Baghdad business climate during a weeklong trip in May, and although he relished meeting two uncles and a dozen cousins for the first time, he's doing more studying than investing in the Iraq market. What's hot? Satellite-phone guys roam the streets, charging a buck per minute of chatter. Satellite-dish salesmen line the highways from Jordan, hawking devices banned by Saddam. And some SUVs...