Word: teche
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North Korea may actually possess world-class expertise. It takes a lot of engineers, technicians and software whizzes to develop nuclear weapons and missile technology. That talent is being put to commercial use in an attempt to spin off a high-tech industry in a decidedly low-voltage nation. "The rocket fired over Japan in 1998 required software capability," says Kim Jin Mook, an Internet entrepreneur in Seoul with North Korean business contacts. "That's proof of their capability...
Asian nations have tended to follow the Japanese export model of development, starting with labor-intensive manufacturing of low-cost items like shoes and garments, then moving up the high-tech ladder to refrigerators, TVs, vcrs and, eventually, computer components and software. North Korea doesn't have that luxury: it has no cash for capital investments and no private sector. South Korea has a unique opportunity to pump up North Korea's economy. Despite years of animosity, it is probably in the South's interest to facilitate the North's economic growth. "If North Korea collapses and forces premature unification...
...service announced its merger with Time Warner (TIME's parent). Though global in outlook, Bertelsmann has relatively few broadcast and Internet assets in North America, so the German giant could soon be trolling for bargains among companies that have been bloodied by the precipitous fall of the U.S. high-tech stock market nasdaq. The RTL deal also provided outsiders an intriguing glimpse into Bertelsmann's finances. Company officials say the in-house price attributed to the RTL share swap was $9 billion, roughly a 100% premium over the actual stock market valuation of RTL's shares. Using that figure...
...19th century to make the point. "In the 1880s, the U.S. built 70,000 miles of rail," he said. "In the 1890s, 40,000 miles of that 70,000 miles went bankrupt." Yet that infrastructure powered growth in the early 20th century. Likewise, the beating so many tech stocks took last year is only half the story. The tech revolution is still a fact...
...Neuer Markt and France's Nouveau Marche have been taken down hard recently in the global stock swoon, but Lipp calculates that 75% of these companies still have solid business models. He reported that American executives were also voting with their feet, and sizing up bargain-price European tech firms for acquisitions...