Businesses need to speed if they want to succeed

Article Abstract:

Cisco Systems CEO John Chambers believes that chief executives who do not have a grasp of technology cannot be successful, and companies that do not invest in technology cannot compete effectively. Predicting that technological advances will completely revolutionize business, Chambers predicts that networking will change the way people work, play and transform the whole standard of living of individuals, companies and countries. He adds, technology excites consumers, business leaders and government officials.

Computer and Peripheral Equipment Manufacturing, Computer Auxiliary Equip, Cisco Systems Inc.

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Corning chief says keep open mind, challege strategy

Article Abstract:

Corning CEO John Loose says that the company is looking at its strategy by investing in high-technology, high-growth markets. Despite the drop in the company's stock, which fell from $113 per share in Sep 2000 to $18.92 on May 31, 2001, Corning predicts $850 million in profit in 2001 and double- digit revenue growth over 2000. Saying that fiber optics is at the heart of the communications revolution, Loose expects that bandwidth in the telecommunications business would increase exponentially in the future.

Strategy & planning, Other Communications Equipment Manufacturing, Fiber Optics Systems & Equip, Fiber optic networks, Corning Inc.

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Welch: Nurture best workers, lose bottom 10%

Article Abstract:

General Electric Co CEO Jack Welch, in his final annual letter to the company's investors prior to retirement, advices companies to nurture their best workers while actively culling out the non-performers. Welch, whose annual missives are eagerly awaited by both executives and investors, is retiring by the end of 2001 and is expected to be replaced by Jeffrey Immelt. The letter was released amid rumors of an impending round of job cuts.

Consumer Electronics, Audio and Video Equipment Manufacturing, General Electric Co.

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