Czech blend
Article Abstract:
NetBeans Inc. of the Czech Republic founder Roman Stanek has a goal of creating a world-class high-tech firm focusing on linking with clients across the globe through the Web. The firm currently markets an integrated development environment, with an objective of becoming a leading Java developer. NetBeans' tool kit helps Java programmers write and debug programs, as well as enables the use of so-called Java beans, which bits of code that can be connected to create new applications. Stanek is hoping to raise $2 million in seed money through participation of a venture-capital company or a private placement to be used for marketing purposes.
Comment:
Founder Roman Stanek aims to create world-class high-tech firm focusing on linking with clients across the globe through the Web
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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Commerzbank, Wood & Co. end venture
Article Abstract:
Commerzbank AG of Germany and Czech investment bank Wood & Co. are parting ways, effectively dissolving their two-year alliance called WoodCommerz. Wood will surrender its 50% stake in the venture, while Commerzbank will give up its 25% stake. The dissolution of the joint venture will give back to Wood control of its equity business, while Commerzbank will take full control of their joint bond-sales unit. WoodCommerz, which will be renamed to Commerzbank Capital Markets (Eastern Europe), was formed in 1996 to underwrite and trade both domestic and foreign-currency bonds in Central Europe.
Comment:
Agrees to dissolve two-year-old joint venture with Commerzbank called WoodCommerz
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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Cokoladovny to be split into 2 separate companies
Article Abstract:
Cokoladovny AS, the largest producer of cookies and chocolates in Central Europe, will be split into two separate companies. One of the companies will specialize in cookies and biscuits, while the other will specialize in chocolates and candies. The company will be delisted from the Prague Stock Exchange after the split. The new companies, which will be called Danone Cokoladovny and Nestle Cokoladovny, will be jointly owned by Nestle and Danone at the start. But they will be taken over by each parent company individually by the beginning of 1998.
Comment:
Will be split into two separate companies
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
User Contributions:
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