Word: partnerships
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...service that combines EV-DO's higher speeds with BREW's programmable technology. "Verizon's adoption of the brew virtual machine platform is expected to revolutionize the U.S. mobile data market," Nielsen says. And to further emulate South Korea's formula for success, the company recently announced a strategic partnership with Microsoft that will allow users to forward Hotmail from their PCs to their mobile data phones. Microsoft has already signed several deals with European mobile operators linking its Hotmail service to the short messaging services available over mobile phones...
...Global Village Energy Partnership, which involves the World Bank, the UNDP and various donors, wants to provide energy to 300 million people, as well as schools, hospitals and clinics in 50,000 communities worldwide over 10 years. The key will be to match the right energy source to the right users. For example, solar panels that convert sunlight into electricity might be cost-effective in remote areas, while extending the power grid might be better in Third World cities...
...Peru's foreign debt. In exchange, Peru will extend protection to 27.5 million acres of tropical rain forest containing pink river dolphins, jaguars, scarlet macaws and giant water lilies. Nongovernment groups will monitor the protected areas to make sure the regulations are enforced. "It's a public-private partnership in the best sense of the word," says Stuart Irvin, an attorney with Covington & Burling in Washington who gave pro bono legal advice on this deal and similar swaps. "Everyone comes out a winner...
Even companies once known only for profits and pollution are having a change of heart. Conoco, the energy company, worked with the Jane Goodall Institute (J.G.I.) in Congo to build a sanctuary for orphaned chimpanzees. I formed this partnership when I realized that Conoco, during its exploration, used state-of-the-art practices designed to have the least possible impact on the environment. Many other companies are working on clean forms of energy, organic farming methods, less wasteful irrigation...
That approach paid off big for Bonderman's first turnaround, Continental Airlines. Thanks to a clever purchasing arrangement, TPG's partnership controlled Continental, though it owned just 14% of its stock. Not just an investor with deep pockets, TPG closely watched costs and CEO Gordon Bethune. Continental's share price, once down around $2, soared to $65 by 1998. "It was a huge gamble with an even larger payoff in an industry where net profits are close to zero," says Continental board member George Parker. After eight years, TPG's total return on its $66 million investment was nearly...