Czech blend

Article Abstract:

NetBeans Inc. of the Czech Republic founder Roman Stanek has a goal of creating a world-class high-tech firm focusing on linking with clients across the globe through the Web. The firm currently markets an integrated development environment, with an objective of becoming a leading Java developer. NetBeans' tool kit helps Java programmers write and debug programs, as well as enables the use of so-called Java beans, which bits of code that can be connected to create new applications. Stanek is hoping to raise $2 million in seed money through participation of a venture-capital company or a private placement to be used for marketing purposes.

Comment:

Founder Roman Stanek aims to create world-class high-tech firm focusing on linking with clients across the globe through the Web

Marketing procedures, Application development software, NetBeans Inc.

---

Commerzbank, Wood & Co. end venture

Article Abstract:

Commerzbank AG of Germany and Czech investment bank Wood & Co. are parting ways, effectively dissolving their two-year alliance called WoodCommerz. Wood will surrender its 50% stake in the venture, while Commerzbank will give up its 25% stake. The dissolution of the joint venture will give back to Wood control of its equity business, while Commerzbank will take full control of their joint bond-sales unit. WoodCommerz, which will be renamed to Commerzbank Capital Markets (Eastern Europe), was formed in 1996 to underwrite and trade both domestic and foreign-currency bonds in Central Europe.

Comment:

Agrees to dissolve two-year-old joint venture with Commerzbank called WoodCommerz

Securities Dealers, Investment Banking and Securities Dealing, Investment Banking, Joint ventures, Investment banks, Commerzbank AG, Wood and Co., WoodCommerz

---

Cokoladovny to be split into 2 separate companies

Article Abstract:

Cokoladovny AS, the largest producer of cookies and chocolates in Central Europe, will be split into two separate companies. One of the companies will specialize in cookies and biscuits, while the other will specialize in chocolates and candies. The company will be delisted from the Prague Stock Exchange after the split. The new companies, which will be called Danone Cokoladovny and Nestle Cokoladovny, will be jointly owned by Nestle and Danone at the start. But they will be taken over by each parent company individually by the beginning of 1998.

Comment:

Will be split into two separate companies

Cookies & Crackers, Cookie and Cracker Manufacturing, Confectionery Manufacturing from Purchased Chocolate, Chocolate Confectionery Assortments, Chocolate candies, Snack foods, Nestle Cokoladovny, Danone Cokoladovny, Cokoladovny AS

Similar abstracts:

• Abstracts: Revenue-raising plans fall victim to domestic politics. Indonesia, panel to restructure companies' foreign debt
• Abstracts: Firms jump on telephony bandwagon to cut phone bills. Telstra is looking to join a global telecom alliance
• Abstracts: Credit Lyonnais plans to reduce loan portfolios, not sell units. France to sell 75% of Credit Lyonnais
• Abstracts: Company profiles: The Procter & Gamble Company. Textile washing products: company profiles: Procter & Gamble Company
• Abstracts: Key trends. Total market size: sectoral analysis: value trends. Market sectors: sweet biscuits: value trends

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.