The company we don't keep; computer networks make the 'virtual corporation' possible; but making the idea work in practice can take a lot more than just the nuts and bolts of technology
Article Abstract:
Oy Nokia turned to technology when it decided to enter the US market for computer monitors in 1992. The US unit, Nokia Display Products Inc, has just seven employees, but expects $170 million in sales for 1996. The company is employing virtual corporation technology and innovative relationships with its independent partners, who function like departments of Nokia. The operation depends on trust between Nokia and its partners. The relationship with marketing and sales firm International Technology Associates, and the Trillium Industries customer-service and technical support group, are the foundation of Nokia's virtual corporation. The virtual approach enables Nokia to solicit large corporate users directly and offer a high level of service that includes guaranteed delivery times and repairs within five days.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1996
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Microsoft signs 50 major vendors for its on-line computer service; rivals including Borland and Lotus join service; Apple, IBM on sidelines
Article Abstract:
The Microsoft Network, the company's online service that is scheduled to begin operations in Aug 1995, has garnered the support of about 50 PC companies, including HP, Dell Computer Corp, Gateway 2000, Borland and Lotus Development. The absence of IBM, Apple and Motorola on the list, however, is considered significant since it would mean Microsoft cannot offer the complete PC market services it had planned on. The Microsoft Network will function much like America Online and Prodigy but it will be bundled with Windows 95, the company's forthcoming operating system, so it will be able to reach more users who do not subscribe to existing services. Company officials say the service will cost vendors an amount that is some 50% less of revenue for subscriptions. Specific pricing details have not been released.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1995
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Oracle Systems to get infusion from Nippon Steel
Article Abstract:
Oracle Systems Corp, Redwood Shores, CA, teams up with Nippon Steel Corp, in the marketing and distribution of Oracle products in Japan in return for $200 million in cash. Nippon Steel will get a 49 percent interest in Oracle Japan, which is an Oracle Systems subsidiary. Nippon Steel will also get $100 million of debentures with a nine percent interest rate and $100 million of convertible preferred stock. Nippon Steel has a history in recent years of diversifying into the computer business. The Nippon agreement comes at a time of financial difficulties for Oracle, which reported its first quarterly loss in Sep 1990. Oracle's shares closed at $8.375, up 87.5 cents, when the news was released.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1991
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