Word: toshiba
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Time Warner's long courtship with potential foreign partners may finally be leading to an alliance. Last week two Japanese giants, electronics maker Toshiba and the trading concern C. Itoh, confirmed that they are negotiating to make an investment in the U.S. entertainment and communications company. In the deal currently being discussed, the Japanese corporations would invest $500 million each for a 12% share of a new Time Warner subsidiary that would bring together the company's movie, cable and TV-programming businesses...
...Time Warner entity would assume as much as $7 billion of the $8.7 billion that remains of the bank debt the corporation took on when Time Inc. and Warner Communications merged in 1990. The potential partners see other benefits as well. Toshiba could provide cable-TV hardware to Time Warner, while C. Itoh could gain distribution rights for the U.S. company's entertainment products in Japan and other countries. Negotiators said the deal could take weeks to complete. But expectations about an imminent alliance were fanned by the arrival in Japan last week of Time Warner chairman Steve Ross...
...Japanese firms are resigned to losing business to countries that participated in the fighting. Some companies doubt that Kuwait will give them a chance to fix equipment they built and installed themselves. "Repairs would be most efficiently done by the original supplier," says Yujia Wakayama, a spokesman for Toshiba, whose generators provided about half of Kuwait's electricity before the Iraqi occupation. "We are ready to cooperate if Kuwait requests it." But industry insiders concede that Kuwait may give the repair contracts to U.S. firms in recognition of America's leading role in liberating the country...
...plenty of looking, little buying. "I have 5,000 marks (($3,000)) in my bank account, and I'm thinking about a stereo set," said Dirk Juttner, 21, an unmarried construction worker who stood outside the show window of a newly opened electronics store jammed with Sony TV sets, Toshiba CD players and Grundig stereos. "But I'll shop around for a good price...
...text and render it unerringly into a different language without the aid of a bilingual editor who can fine-tune the output for ambiguities in the ) vocabulary, to say nothing of shades of meaning. "A truly automatic system is a dream at the moment," admits Makoto Ihara, manager of Toshiba's computer product-planning department. Says Kazunori Muraki, a leading researcher at NEC: "Machine translation is only to reduce the work involved in human translation...