I'll assume when push comes to shove, NN has a deep well of ATM patents for hunting down bears.
I don't know about NN, but I've heard bear guns are selling like hotcakes lately.
Lucent got some great press from their China contracts today.
<<<
U.S. firms sign $400 mln in China telecoms deals
Reuters Story - June 23, 1998 11:40
By Paul Eckert
BEIJING, June 23 (Reuters) - U.S. businessmen and Chinese
officials clinked champagne glasses and signed more than $400
million in telecommunications deals in Beijing on Tuesday, two
days before President Bill Clinton begins a landmark state
visit.
In a preview of the lucrative contracts many U.S.
businesses hope will flow from the warming of ties between
Washington and Beijing, Motorola Inc and Lucent
Technologies Inc inked seven pacts to provide equipment
for China's fast-growing telecommunications market.
Lucent Technologies signed three contracts worth a total
$62 million with Chinese partners, chiefly China Telecom, to
supply transmission equipment and optical cable to major local
carriers.
Across the hall moments later, Motorola signed four
contracts worth $346 million. The biggest was a $210 million
contract with China Eastern Communications Co Ltd (Eastcom) to
make and supply GSM digital cellular infrastructure equipment.
Motorola's deals also included a $115 million contract to
expand a cellular network in the eastern province of Zhejiang
and a $21 million pact to expand a cellular network in northern
Shanxi province, company officials said.
All major equipment manufacturers' eyes are trained on the
telecommunications market in China, which has a 1.3 billion
population and relatively low 5.68 fixed lines and 1.07
cellular phones per 100 people.
The signing ceremonies took place in Beijing's cavernous
Great Hall of the People, where Clinton will attend a
controversial welcome ceremony later in the week. U.S.
ambassador to China James Sasser looked on, accompanied by a
beaming Wu Jichuan, China's information industry minister.
The Great Hall, seat of China's parliament, borders
Tiananmen Square -- which was the focus of pro-democracy
protests that were crushed by Chinese troops with heavy loss of
life in June 1989. Clinton's decision to attend a ceremony
there has been widely criticised in the United States.
The plush carpeted room with ornate marble walls displayed
traditional Chinese calligraphy by President Jiang Zemin
hailing technological cooperation between China and the United
States.
A day earlier, U.S. auto giant General Motors Corp
announced a deal to pump new money into a revamped $230 million
project to build pickup trucks and sports utility vehicles in
northern China.
Also on Monday, vice foreign trade minister Sun Zhenyu held
out the prospect of major deals during Clinton's June 25-July 3
visit, noting that agreements worth $4.2 billion were signed
during Jiang's visit to the United States last year.
"Enterprises from China and the United States are
negotiating some major contracts, involving airplanes and the
development of power stations," he said. He gave no details.
Boeing Co is hoping for sales to the world's
fastest-growing airline market, and U.S. nuclear power
companies are pitching for projects after the Sino-U.S. summit
last October resulted in a U.S. agreement to allow sales of
civilian nuclear technology to China.>>>> |
