Failed deal in Korea could hurt Microsoft and help competitor

Article Abstract:

Microsoft's scuttled deal to buy 19% of Hangul & Computer of South Korea for up to $20 million could hurt the US company. In the failed deal, Hangul was supposed to stop producing its own popular product and instead sell Microsoft. The transaction was thwarted after local medical-equipment entrepreneur, Lee Min Hwa, convinced Hangul to accept 10 billion won ($7.5 million) to turn down Microsoft. According to Lee's arguments, Microsoft's Korean word-processor uses a system for encoding Korean that accommodated less Korean words than Hangul. Microsoft was also paying what it earns in just two days in exchange for virtual control of the Korean market.

Comment:

Its scuttled deal to buy 19% of Hangul & Computer of South Korea for up to $20 mil could hurt the company

United States, South Korea, Computer Software, Software Publishers, Asset sales & divestitures, Acquisitions & mergers, Foreign operations, Software, Microsoft Corp., Article, Hangul and Computer Co.

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Acer hopes to boost status

Article Abstract:

Taiwanese computer manufacturer Acer Group should improve its public image if it wants to conquer the international market. Acer showcased its technologies and capabilities as the main computer system provider of the 1998 Asian Games. However, it suffered glitches which were attributed to poor telephone lines in Thailand and inadequate Internet links. The firm started as an assembler of computers for big companies such as IBM and other western companies.

Taiwan, Electronic Computer Manufacturing, Computers & Auxiliary Equip, Marketing procedures, Computer industry, Public relations, Acer Inc., 1998 AD, Asian Games

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