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Sat, Sep 11, 2004 - Page 12 News List

World Business Quick Take



Disney's Eisner to resign

The Walt Disney chief executive officer Michal Eisner said he plans to resign in 2006 after two decades at the front of the media giant, in an interview published yesterday by The Wall Street Journal. Eisner, 62, said his decision, which the daily said was expected to be announced yesterday, had nothing to do with Disney's crises. It was "not asked for, not motivated by current circumstances at all," he said. The decision, which coincides with his 20th anniversary at Disney, satisfies both his personal and professional interests, he said. "I want to position the company for the future," he told the economic daily. "I want to ensure that the company continues its strong cultural direction and fiscal direction. I have great affection for the company."


Motorola plans R&D center

Motorola Inc, the world's second-biggest mobile-phone maker, plans to invest US$90 million in a new research and development center in China, expanding to meet rising demand in the world's biggest wireless market by users. The 55,000m2 campus, in the Chaoyang district of Beijing, is scheduled for completion by 2006 and will house Motorola's existing 3,000 employees in the Chinese capital, Motorola China president Daniel Shih said at a press briefing. Motorola and bigger rival Nokia Oyj have regained market share from domestic handset makers by introducing new models developed specifically for the Chinese market, the Financial Times reported on Aug. 24. Engineers working at the Beijing campus will focus on designing mobile phones and wireless software such as voice-activated technology, Shih said.


Some Sina services stopped

Sina Corp, one of China's top three Internet companies, said China Mobile Communications Corp suspended some of its services after it and other wireless-service providers violated rules. China Mobile sent Sina a notice of sanction for "inappropriate content" and unauthorized expansion of its interactive voice response services, which allow people to access databases using touch-tone telephones, Shanghai-based Sina said in a statement. China Mobile is imposing penalties and sanctions on 27 wireless service providers for rule violations, Sina said. Sina received verbal notification of the sanction last month and recently was notified in writing, spokeswoman Denise Roche said.


EDS could cut more jobs

Electronic Data Systems Corp could cut 15,000 to 20,000 jobs -- 10 percent of its work force -- over about two years to help reduce costs by about US$3 billion, chief executive Michael Jordan said on Thursday. "The next two years, there are going to be a lot of change in EDS," Jordan said at an investor conference in New York. "But that will, as I said, take 20 percent out of our cost structure -- US$3 billion out. That's the way you do it." EDS runs computer systems for other companies. It has struggled with money-losing contracts, a downturn in corporate technology spending and debt downgrades. The company has made most of the 5,200 job cuts announced last year, and has 120,000 employees remaining. Jordan has said the company is trying to improve productivity to reduce the cost it charges for its services, making its offers more competitive with rivals such as IBM.

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