Wednesday, November 28, 2007

L3 outbids mighty Raytheon…

L3 Communications Holdings has been granted a $2.04 billion contract by Pentagon. L3 would provide tactical transport aircraft to service the US Army as well as the air force. L3 along with Italian partner Finmeccanica SpA’s subsidiary Alenia North America Inc., Boeing Co. and Global Military Aircraft Systems had outbid Raytheon. Massachusetts based Raytheon had partnered CASA, a subsidiary of European Aeronautic Defence & Space Co. NV, (EADS). L3 would build 78 C-27J Spartan cargo planes, which would replace C-23 Sherpa, C-36, a few C-12s and other established transport aircraft s like Boeing’s CH-47 Chinook.

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Source: IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

Wednesday, November 21, 2007

Alarm bells

In a survey conducted by ICMR (Indian council for market research), involving about 1,000 parents in the age bracket between 30-40, living in major metropolitan cities, it was found that Indian parents are also waking up to the potential harmful effects of video games on their children. More than 3/4th of the respondents interviewed agreed that their child played video games, with 2 in every 3 parents fearing that s/he might be addicted. About 60% also said that their child regularly buys video game related products, a classic symptom of overdependence.
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Source: IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

Tuesday, November 13, 2007

Who said Dalal street feels media stocks are bitter?

While the Sensex continues to make and break records, media and entertainment stocks have not been far away from the limelight and at present offer good opportunities. At current levels, some of the media and entertainment stocks’ performance seem stupendous and have outperformed the index as well. Recently, stocks like Entertainment Network (India) Limited, UTV Software, Balaji Telefilms and HT Media have appreciated by 102.20%, 93.63%, 92.16% and 39.85% (January 1, 2007 to July 9, 2007) respectively. Due to the gradual liberalization by the government, the sector has seen considerable amount of foreign and domestic investments. Even increasing private equity investments, Initial Public Offerings (IPOs) and mergers and acquisitions are acting as catalysts and fuelling growth. For the first quarter of 2007 there has been investment worth $640 million already by private equity firms in this sector. There are certain segments like the radio and news that continue to be strictly regulated, which leaves enough scope for opening up, hence more investments. These investments will definitely give a fillip to marketing and new product development in these sectors fuelling overall growth. Radio and entertainment segments are expected to grow even faster at a CAGR of 20%-30%. Like cousins in the IT sector, some media companies too are getting listed in global markets. UTV and Indian Film Company of TV18 have been listed in London’s AIM. Who knows, we might see some global acquisitions too.
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Source: IIPM Editorial, 2006
An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

Thursday, November 01, 2007

Chávez is busy building a military machine to protect sovereignty

During his three day tour, Chávez visited several Russian weapons factories. The two countries discussed military technical cooperation that helps Venezuela build advanced technologies and help it obviate the need to depend on Washington for military assistance. Venezuela has already purchased over 50 helicopters, 24 Su-30MK2 warplanes, as well as 100,000 Russian AK-103 assault rifles. Russian submarines are certainly on the agenda of Chávez. “Most likely, Chávez will buy five Project 636 submarines with missile systems, but it could end up buying nine,” said Ivan Konovalov, noted Strategic expert from The Centre for the Analysis of Strategies and Technologies, while talking to B&E. He adds further, “… the submarine deal could be split into two or three parts, and include construction of submarine bases and training of submarine crews and, in future, might also include the purchase of advanced Tor-M1 air defence systems.”

Clearly Chávez seems to be on a shopping spree, building military infrastructure free of any ‘imperialist’ pressures. Only time will tell if Chávez is successful in altering the uni-polarity of the world and the hegemony of the United States of America.


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Source: IIPM Editorial, 2006
An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative