COMPAQ COMPUTER WINS
$90 MILLION PC CONTRACTCompaq Computer Corp. said it has won the largest personal computer contract ever awarded to a computer company in Europe.
It said it won the three-year contract from British Telecommunications PLC to supply more than 9,000 servers and desktop PCs a year in a deal valued at more than $90 million. Servers are computers that link desktop computers into networks.
A spokeswoman said Monday that the previous largest such contract Compaq was aware of was awarded by Union Bank of Switzerland to Compaq for $20 million.
Joe McNally, vice president and managing director of Compaq Computer's British unit, said his company won the contract in competition with other leading computer makers.
ANNUAL WAGE INCREASES
ON RISE IN S. KOREA
SEOUL, South Korea - South Korea's trade ministry said annual wage increases at Korean companies in 1995 were higher than in 1994.
According to the ministry, the average pay increase at 4,060 companies with 100 workers or more stood at 7.7 percent, up 0.8 percentage point from 1994.
The ministry said slightly more than 51 percent of the firms with between 100 and 300 employees gave pay raises in excess of the government-suggested ceiling of 8.6 percent, while 46 percent of companies hiring between 300 and 500 workers exceeded the guideline.
Of firms hiring 500 to 1,000 workers, 35.2 percent exceeded the government wage ceiling of 8.6 percent, while 26 percent of large enterprises with more than 1,000 employees exceeded the suggested level.
KANSAI GROUP SEEKS
SCIENCE, TECHNOLOGY PUSH
OSAKA, Japan - The Kansai Association of Corporate Executives in early August urged the government to promote science and technology to help counteract the movement of domestic industries overseas.
It also called on the government to pass a Science and Technology Basic Law in the legislature this fall.
The association suggests the government raise its share of the nation's total research and development spending to 40 percent, the same level as in the United States.
For promoting science and technology in the Kansai region, the association suggested establishing a Kansai Science and Technology center.
SICHUAN TO CHANGE
EXPORT PRODUCTS MIX
CHENGDU, China - Southwestern Sichuan province said Monday that it is working to readjust its export product mix by increasing high value-added and high-tech products.
Most traditional export commodities of the province - pork, pharmaceutical herbs, native and farm produce, and low-grade clothing - are low value-added commodities, hampering the expansion of export scope and market.
Authorities said more importance will be given to development of steel products, color televisions, telecommunications equipment, generating equipment, complete sets of transmission and transformer equipment, automobiles and motorcycles.
JORDAN SEES RENEWED
TIES WITH SAUDIS
AMMAN, Jordan - Foreign Minister Abdul Karim Kabariti of Jordan returned
from a trip to Saudi Arabia last week with "promises" for normalized commercial links, including the resumption of Saudi oil exports to Jordan.
The minister said his discussions with Saudi leaders also hit upon the situation in Iraq. "In this respect, we held commensurate viewpoints that underline Iraq's sovereignty, territorial integrity and the importance of Baghdad's resumption of its role within the Arab fold," he said.
Mr. Kabariti said the Saudis did not seek Jordan's help in toppling Iraqi President Saddam Hussein. But he said he had discussed with them "the prospects of coordination" on future developments in Iraq.
COMPAQ COMPUTER WINS