Business Brief for April 3, 2006
Monday, April 3, 2006
Arabs express interest in Kosher Phones
Mirs, an Israeli manufacturer, has created a mobile phone that blocks sex numbers, images, and other "worldly temptations." The phones do not have text messaging, videos, or a camera. The company, a subsidiary of Motorola, has sold 20,000 of them. They were originally intended for Orthodox Jews who scorn television and radio but see mobile phones as a modern necessity. Arabs have expressed interest in the phones, via Jordanian businessmen, also for religious reasons, though they are not of the same religion. Jordan is one of the few Arab countries that has a peace treaty with Israel.
- "Israel’s kosher mobile tweaks Arab interest" — , March 31, 2006
- "`Kosher phones’ to U.S., Arab world" — , March 31, 2006
Alcatel announces Lucent Technology purchase
French company Alcatel said this weekend that it will buy Lucent Technologies for $13.4 billion. The merger will cut costs by dropping 8,800 employees, approximately 10% of their combined workforce. Lucent's CEO Patricia Russo will serve as the CEO of the new company, to be based in Paris. Russo said that research and development costs are a primary reason for the merger.
- Ari Levy. "Russo, Lucent's Cost-Cutter, to Reduce Workforce at Alcatel" — , April 3, 2006
- "Alcatel buying Lucent for $13.4B" — , April 2, 2006
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