Hi Darleen, <<Jay do you know approximately what the wage rate for an engineer in China is?>>
Qinghua University (top Uni) and Fudan Uni (second top Uni) provides many PhD candidates to MIT, Caltec, top UK, Aussie, German, and Japanese unis, etc and employees at USD 300-600/mth.
I believe China will make its proportional contribution towards electronic education, given the industry's tremendous requirement for capital. I believe China will make a bigger proportional difference in biotech, especially food biotech.
I believe Motorola's asset allocation is over 22% in China vs world. In a few years it should qualify for Bermuda re-incorporation ala Stanley Works.
Globalization is of concern to folks with a stake in status quo, and is of alarm to folks in its direct path of progression and unable to run fast enough to get out of way.
Chugs, Jay
P.S. Reference ccbn4.mobular.net page 27 onward for MOT financial summary.
english.peopledaily.com.cn
Motorola, the world leading HP manufacturer, is stepping up its pace into the Chinese market when China's telecom industry is entering the era of rapid development. Last week Motorola (China) revealed its "two plus three plus three" scheme for development.
Last year, Motorola experienced its first financial loss and largest scale of staff reduction. Chen Yongzheng, newly appointed director of the company, noted that Motorola is capable of resuming its former glory and Chinese market is a crucial one for it.
"Two" means that China will be built as world-level manufacture and research base, Chen explained. The first "three" refers to three new business fields: digital telecom system, semiconductor and broad-band business and the second "three" the three goals: Motorola to generate an annual revenue of US$ 10 billion by 2006, inject an accumulated investment of US$ 10 billion by 2006 and a procurement of accessory parts of US$ 10 billion from China in the coming five years.
Motorola ready to embrace challenges in future
As a sharp contrast to the world telecom market, Chinese telecom sector witnessed a growth rate of over 20 percent last year. The number of China's HP users is expected to hit 250 million by 2005. Moreover, China has succeeded in entering into the WTO and bid for hosting 2008 Olympics. Facing the great changes in China, Motorola is ready to embrace challenges in the future with its new scheme.
Regarding GPRS, CDMAIX and the new competitive pattern of Chinese telecom sector, Motorola considers that in an era of mobile Internet, the telecom and Internet sectors will eventually come to integrate into one of "Telecom and Internet Environment". The successful performer in cooperation will stand out the final winner instead of a single trade in the future. |
