Word: mergerer
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...kind of deal that justifies a bucketful of business superlatives--massive, hard edged, record setting, lucrative. And all this from two companies that most Americans have never heard of--Mannesmann, a giant German telecommunications firm, and Vodafone, a British wireless provider. But the $190 billion merger of the two firms, which was inked last week after nearly five months of run-and-gun takeover negotiations, easily surpassed last month's AOL-Time Warner deal as the largest ever. And it was also proof, in some minds, that European business had finally arrived--albeit late--in the 20th century, complete with...
Which explains why the Mannesmann deal got so much attention. David Dorman, who heads the AT&T-BT joint venture, calls the merger with the German company "a jewel" for Vodafone. The sparkle comes from the fact that both firms have a special focus on wireless, mobile communications. Wireless is a key part of the new international telecoms order because wireless systems are far easier to build and maintain than in-the-ground copper or fiber-optic networks. And in an age of globalization, Vodafone--which also owns AirTouch--could offer to let its users roam freely from nation...
...With the merger of America Online and Time Warner, it would appear that the millipede of the millennium has been created." JOHN FLICK Rockford...
...respect the corporate values expressed by TIME's Norman Pearlstine and Walter Isaacson in their letter to readers about the merger of TIME's parent company with America Online [AOL-TIME WARNER MERGER, Jan. 24]. In this day of corporate mergers and acquisitions, I believe compatible corporate values make for a successful marriage. I am not familiar with AOL's values, yet I do have the perception that AOL is strongly oriented toward customer service. How else could this online provider grow so rapidly? As a longtime subscriber to TIME, I am impressed by its quality of journalism and fairness...
...expect me to read your story on the AOL-Time Warner merger without thinking about a conflict of interest? Give me a break! I'm expected to praise this great union, but all I can say is, "Hello, Big Brother!" DONALD J. RITTER St. Louis Park, Minn...