Word: nokia
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...maybe Asia's Eurasian craze is driven by the theories of that whitest of white men, economist Adam Smith. As the world gets smaller, we look for a global marketing mien, a one-size-fits-all face that helps us sell Nokia cell phones and Palmolive shampoo across the world. "For any business, you can't think locally anymore," says Paul Lau, general manager at Elite Model Management in Hong Kong, who has built up a stable of Eurasians for his internationally minded clients. "At the very least, you need to think regionally. Ideally, you should think globally." A global...
...Mickey-Mouse A U.S. federal mediator has ruled that employees at Disney World in Florida should be paid for time spent getting into and out of a costume or uniform. Disney faces hefty claims for back pay from 3,000 workers. First to Finnish Mobile phone manufacturer Nokia has topped French business school INSEAD's list of the world's most effective companies. Other high scorers are Renault and BNP Paribas. Confidence Trick While its rivals issue profit warnings, German software giant SAP forecast 20% growth in sales in the first half of the year and announced an alliance with...
...Germany, the chief regulator of wireless is reportedly considering allowing some of the winners of that country's licenses to get together somehow. That's bad news, by the way, for telecom equipment makers like Nokia, which is on the hook for 3G as well. The firm announced last week that it is loaning $1.8 billion to France Telecom as part of a package to build UMTS networks. Nokia, like its clients, must figure that the only thing more expensive than buying into 3G might be not buying...
...profitable market leaders, a PEG up to 1.5 is fair, and by that standard a bunch of big names--Cisco, Oracle, Nokia, Verizon, Intel--are in the zone, even based on this year's depressed earnings. The risk in looking at things this way is that the earnings picture can sour further, and even long-term growth rates erode. So some money managers lop 10% off consensus earnings estimates and 20% off the generally accepted growth rates...
...secure digital music format. By leveraging resources from its music, gaming and audio-video divisions, Sony may be able to create the ultimate portable gadget. And now the first PDA phones are on sale from Kyocera and Ericsson, with more on the way from Microsoft, Motorola, Nokia and others...