Word: thomson
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...already have his answer. When Chinese TV maker TCL bought French company Thomson's television operations last year, China's President Hu Jintao insisted on presiding over the signing of the deal in Paris, says a Thomson executive. TCL's profits later dropped 69% in the third quarter. That hasn't discouraged the state-run People's Daily, which two weeks ago urged more companies to follow TCL abroad and "make China a strong country." Ma is worried that history could repeat itself. During Japan's economic bubble in the 1980s, cash-rich Japanese companies went on a U.S. buying...
...package contains two commentary tracks on the full trilogy: one by "philosophers" Cornel West (who had a small role on the Matrix council) and Ken Wilber, the other by top film critics Todd McCarthy, John Powers and David Thomson, who connects The Matrix to every movie from Cocteau's Orpheus to the Alien quartet. The critics are unanimous in thinking that one Matrix was enough ("If the whole series ends here," Thomson opines at the first film's finale, "you've got nearly a masterpiece") and that some scenes aren't worth remarking on. "Perhaps they'll edit...
Lenovo is one of a small but growing number of Chinese firms that are trying to ease profit pressure at home through global acquisitions. Guangdong-based TCL last year bought the television arm (including the RCA brand) of French electronics giant Thomson. Shanghai Automotive Industry Corp. is in talks to acquire the very English MG Rover and has already bought Korean SUV maker Ssangyong. A consortium of Chinese companies bid on the Canadian mining firm Noranda. Says Arthur Kroeber, managing editor of the China Economic Quarterly, of the dealmaking: "It's not a silly gamble, but it is high risk...
...China's second biggest producer of mobile phones, and Li wants to become No. 1 in air conditioners. But competition remains fierce among Chinese electronics firms. To stay ahead, Li last year paid $560 million for control of the TV arm of the French consumer-products giant Thomson, which owned the RCA brand. The next step won't be easy. Thomson's TV operations lost $130 million last year, and Li acknowledges that RCA is known as "the TV that old people watch." In the third quarter of this year, TCL's profits dipped 69%. Li hopes he can inject...
...establish a thriving business from its shortcut purchase of the TV brand Zenith?though it has recently been much more successful in penetrating global markets by pushing its own brand. Chinese acquirers will face similar challenges. TCL has yet to explain how it will turn around money-losing Thomson, which sells old TV models, and boardroom squabbles with its new French executives threaten to upset the venture. "We don't have much fun in Paris anymore," says an aide to Li Dongsheng, TCL's chairman. Shanghai Automotive, for its part, hopes that its Rover purchase will compensate for its troubles...