Word: telecoms
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...people like them, buying more Nokias than Motorolas or Ericssons (Nos. 2 and 3 in the market, respectively). Yet after listening to Ollila, 49, tell of his Finnish firm's transformation from a money-losing industrial conglomerate better known for toilet paper and tires into a $20 billion global telecom powerhouse, what sticks with you is his charming knack for understatement. "We've done pretty well," Ollila says, kicking back in his chair inside Nokia's Espoo headquarters, a modern construct of glass and steel towering over the Gulf of Finland six miles west of Helsinki. You'd think...
When Britain's Cable & Wireless, which owned 54% of Hongkong Telecom, announced its intention to spin off non-core businesses like HKT, Richard realized that HKT had assets he could use. Chief among them: its broadband Internet service, which has 100,000 customers; its cellular-phone system and the potential of new, third-generation cellular technology to enable Internet access; and rights to a valuable deal signed by Murdoch's Star TV to provide television shows for HKT's broadband network. He eventually offered shareholders a package of shares and cash that could cost him $12 billion...
Even in his hour of triumph, Richard finds it hard to get 100% of the credit. Many analysts point out that all of Hong Kong's telecom licenses expire in 2006, and the decision on whose gets renewed will surely be made in Beijing. That's why HKT chose Richard, the analysts say--because Li Ka-shing's clout in China will smooth the way. To others, however, it looks like Superboy is perfectly capable of flying...
Chambers likes to talk in terms of dog years. One human year is equal to seven Internet years. Even the folks at Cisco admit that in this technological revolution they will have to maintain a state of perfect paranoia to stay ahead. Cisco is facing tough competition in the telecom-equipment business, where longtime powerhouses Lucent and Nortel enjoy established expertise and relationships with key customers. "It's one thing to build a network the size of a corporation," says a skeptic, Nortel ceo John Roth, "but it's another to build one the scale of a whole nation...
...Sunday, April 9, comes zero hour. The brave volunteers will be sealed in the war room--no civilians allowed, only a telecom link to their commanders--to carry out a perilous mission and stare into the void. They've rehearsed the horrifying scenario over and over. But this will be no drill. If all goes wrong...the survivors will envy the dead...