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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (65377)	6/23/2005 5:25:58 AM
From: GUSTAVE JAEGER	Read Replies (1) \| Respond to of 74559

Re: ...€350m. That's the sum Siemens will have to provide to Taiwan's BenQ to persuade the firm to buy its loss-making mobile phone unit. Well, it's a well-known fact that, as far as mobile communication is concerned, all the action has shifted to Asia. China overtook Japan as the #1 market for cellphones in 2002... Swedish Ericsson has teamed up with Sony, French Alcatel threw in the towel, and South Korean Samsung has become a brand on a par with Sony-Ericsson... Better yet: do you remember WAP? WAP (Wireless Application Protocol) was hyped up in the late 1990s as Europe's standard for multimedia cellphones --soon to expand worldwide! (chuckle) Only to be displaced by NTT-DoCoMo's iMode (Japan). eurotechnology.com Re: ...the sensible thing would have been to merge it or sell it ages ago, or shut it down and re-employ the workers in more productive areas. Such as? As I said, the deeper problem is that, unlike in the (neo)colonial era, Europe no longer controls the division of labor worldwide... The only way for Europe to recover lost ground economically is to devaluate the euro --say, 1$ for 5 euros. Re: Ultimately it would have been better to all concerned for BMW to have shut Rover or sold it to the always more realistic Alchemy team. LOL... That Alchemy fund was a Laundromat! Mafia money whitewashed in a hopeless industrial bailout --with the blessing of UK pols (and their rescued voter-workers). Ever hear of "asset stripping"?? The Rover group as whole wasn't such worthless business after all: the Land Rover brand was a valuable asset --it was sold to Ford Co. And BMW kept the Mini Cooper: BMW gears up to meet demand for Minis (Filed: 17/02/2005) [...] The enduring appeal of the Mini led yesterday to the German car maker BMW announcing a £100 million investment in its Oxford factory, creating about 200 new jobs. Demand for the new Mini, first produced in 2001, has far outstripped supply, and the money is to be spent on new plant at the factory to increase output and cut delivery time. Worldwide demand for the car has surprised even its manufacturers. Its biggest market is Britain but 70 per cent of production last year was for overseas sales. The second biggest market is America, where 36,000 Minis were sold last year, compared with 43,660 in Britain. The average waiting time in Britain to buy a new Mini is about three months. [...] telegraph.co.uk