Thomson-CSF moves to private sector
Article Abstract:
Thomson-CSF formally shifted into the private-sector on June 22, 1998 after shareholders authorized the French government's sale of 15% of its capital. A shareholders meeting also authorized that assets be moved from state-held Aerospace, Alcatel and Dassault Industries, making the firm 43% owned by state-owned Thomson SA. Meanwhile, the France-based electronics defense firm is now ready for European partnerships according to Thomson-CSF Chairman Denis Ranque. However, Ranque cites the reluctance of parent firms to give up control for the inability of potential partners to immediately strike an alliance.
Comment:
Formally shifted into the private-sector on 6/22/98 after shareholders authorized the sale of 15% of its capital
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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PPR launches e-commerce initiative
Article Abstract:
Pinault Printemps Redoute SA (PPR) has launched a Web portal and free Internet service, as well as announced the formation of PPR Interactive, a wholly owned business to develop the company's e-commerce operations. The action follows along the lines of the online investments made over the past year by other European retailers, after Dixon PLC's release of its Freeserve Internet service. PPR's latest move is rooted in its belief that in e-commerce, traditional "bricks-and-mortar" companies have an advantage over Internet start-ups.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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Philips expects a dismal year for global electronics sector
Article Abstract:
Philips Electronics N.V. CEO Cor Boonstra says 1999 will be a very slow year for the electronics industry, but assures that his company is better-prepared to face the difficulties than other companies. Boonstra says a recovery is expected only during the second half of 2000. A slowdown in Brazil has reportedly hurt the company's third quarter 1998 results, while the current quarter is experiencing indications of a slump in US business. Boonstra says their business has apparently seen the worst in the Southeast Asian market.
Comment:
CEO Cor Boonstra says 1999 will be a very slow year for electronics industry, but assures that his company is better-prepared
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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Comment about this article or add new information about this topic:
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