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BUSINESS BRIEFS.(TO THE POINT)
TELECOM
Out of loop, telecom chair claims
Global Crossing Chairman Gary Winnick testified he wasn't informed of the fiber optic firm's desperate finances before he sold $123 mil in stock. All told, stock sales brought him $734 mil. Winnick said he took no part in high-level meetings last year at which executives warned of lagging sales. He pledged to donate $25 mil to retirement plans of workers.
Siemens confirms Motorola talks
The two electronics makers may strike a deal to work together to save money or even swap parts of their mobile telecom businesses. But Motorola is just one firm weighing a deal with Siemens, which makes handsets and wireless network gear. Observers expect a wave of consolidation under a capacity glut and stagnating sales.
Williams gets reorganization OK
Under the plan approved by the bankruptcy court, the telecom services firm's unsecured creditors will get about a 54% stake in the reorganized company. Leucadia National, which will invest $150 mil in Williams Communications, will own 44%. Current Williams holders will get nothing. ...
- Capacity glut ending, but prices still falling.(STAT SNAP)(Brief Article)
- Magazine article from: Telecom Asia Tanner, John C. April 1, 2005 700+ words
...bottom still hasn't dropped out of the long-haul bandwidth markets, according to TeleGeography, although the capacity glut is finally starting to dissipate. How far prices have to fall depends on the route. For example according to TeleGeography...
- Expect air cargo capacity glut to continue.(Brief Article)
- Magazine article from: Purchasing July 15, 1999 700+ words
Expect air cargo capacity glut to continue. Air shippers are enjoying rock- bottom rates due to capacity increases by nearly every air carrier. More orders...
- Refinery boom threatens regional capacity glut.(Mideast Gulf)
- Newspaper article from: Weekly Petroleum Argus January 1, 2007 700+ words
...could more than double regional capacity of 4mn b/d by 2012. But the scale of this boom is boosting costs and risks a capacity glut. The Mideast Gulf projects largely have strong government backing, which in some cases could overshadow the economic rationale...
- Telecom Survivor Arbinet First "Exchange' To Try IPO; It "Trades Bandwidth'...
- Magazine article from: Investor's Business Daily July 15, 2004 700+ words
...didn't offset plunging prices. TeleGeography says prices for international calls fell 90% from 1999 to 2003 due to the capacity glut. But prices seem to be leveling in some regions, the firm says. Revenue for global carriers, Arbinet's customers...
- Capacity glut?
- Magazine article from: Business Today (India) May 4, 2008 700+ words
Byline: Kushan Mitra The country and the world's largest two-wheeler company, Hero Honda, could have got a bigname politician to inaugurate its new plant in the holy city of Haridwar in Uttarakhand. Instead, it chose the patriarch of the Hero family, Brijmohan Lall Munjal, to officially inaugurate
- Capacity glut set to double China car stocks At least 300,000 units unsold as...
- News wire article from: Asia Africa Intelligence Wire February 7, 2005 700+ words
(From South China Morning Post) Byline: vehicles Mark O'Neill in Shanghai Inventories of unsold cars in the mainland are expected to double this year as new capacity races ahead of demand and consumers remain cautious because of unstable oil prices, tighter bank credit and expectation of lower
- Capacity Glut May Be Ending, Says CEO of Fiber-Optic Network Company Level 3.
- Newspaper article from: Knight Ridder/Tribune Business News May 19, 2004 700+ words
By Virgil Larson, Omaha World-Herald, Neb. Knight Ridder/Tribune Business News May 19--Level 3 Chief Executive James Crowe told shareholders Tuesday that the fiber-optic network and information services company is back on the offensive after spending a couple of years reducing debt and fixing other
- Capacity glut threatens South America rates.
- News wire article from: Europe Intelligence Wire June 16, 2005 700+ words
(From Lloyds List) Byline: Lines hit by new entrants and expansion by existing operators, writes Rainbow Nelson in Buenos Aires A GLUT of new container capacity on the east coast South America to Asia trade has left ship-ping lines facing a painful downward readjustment in rates. On what was for
- CAPACITY GLUT? (Honda Motor Company opens its third manufacturing plant in...
- Magazine article from: India Business Insight May 4, 2008 700+ words
Honda Motor Company has opened its third motorcycle manufacturing plant at Haridwar in Uttarakhand. The third facility will have an initial capacity of five lakh units, which will be increased to one million units by Dec 2008. The third facility, when fully operational, will increase the company's
- Melamine: capacity glut now due 2004-2006.
- News wire article from: Asia Africa Intelligence Wire November 18, 2002 700+ words
(From Chemical Business NewsBase - European Chemical News) DSM is delaying the start up of its new 40,000 tonnes/y melamine plant in Geleen, the Netherlands, until 1H 2004. It was due to have come onstream in late 2002. DSM is also debottlenecking its plants in Indonesia and the US. DSM Kaltim will