Disney Park in Hong Kong?

Article Abstract:

Walt Disney Co plans to build a theme park in Hong Kong where it will get half ownership in the project valued at over $3 billion. Under the proposal, Disney would invest $250 million in the park which would be built in the island of Lantau, near the city's new international airport. Funding for the project would come from three sources. First, land, infrastructure and road improvement projects would be contributed by Hong Kong. Second, low-interest loans would also be provided by Hong Kong. Third, Hong Kong would contribute $250 million as part of its share in the construction.

Strategy & planning, Hong Kong, Amusement and Theme Parks, Theme Parks, Planning, Entertainment industry, Walt Disney Co., Amusement parks, Parks

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Acer revises 1998 outlook

Article Abstract:

Acer Inc., one of the 10 leading personal computer manufacturers worldwide, is poised to reduce its 1998 net profit forecast of over 30% as it absorbs higher-than-expected losses in its personal-computer business. The company projected to register a 1998 profit of NT$5.5 billion in March1998. Acer's chip division Acer Semiconductor Manufacturing Inc., formerly Texas Instruments-Acer Inc., absorbed a loss of NT$5 billion for 1997, marked as one of Taiwan's biggest corporate losses. The unit also reported a NT$1.5-billion charge in the first quarter of 1998.

Comment:

Is poised to cut 1998 net profit forecast of over 30% as it posts higher-than-expected losses in its personal-computer bsns

Taiwan, Electronic Computer Manufacturing, Computers & Auxiliary Equip, Forecasts, trends, outlooks, Sales & consumption, Acer Inc., Article

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