Lorraine Luk

India, a Paradise or Battlefield for Mobile Carriers?

Lorraine Luk, Reporter, The Wall Street Journal in News on November 19, 2010 at 8:00 am PT

India has been a popular destination for global telecom operators seeking new sources of growth outside their saturated home markets. But in the latest indication that challenges remain in this market, Norwegian telecommunications operator Telenor said its Indian operation is only likely to generate positive cash flow from 2014.

Hon Hai Boosts "Entertainment" Time

Lorraine Luk, Reporter, The Wall Street Journal in News on August 20, 2010 at 8:10 am PT

To make its workers happy and prevent more suicides at its factories, Hon Hai Precision, the world’s biggest contract electronics maker, is moving to boost “entertainment” time for its staff and is also cutting overtime hours.

Hon Hai to Boost China Work Force to One Million This Year

Lorraine Luk, Reporter, The Wall Street Journal in News on August 18, 2010 at 10:47 am PT

Hon Hai Precision Industry Co., the world’s biggest contract manufacturer of electronics products, said Wednesday it plans to significantly boost its China work force to underpin growth.

TSMC Bullish on Outlook

Lorraine Luk, Reporter, The Wall Street Journal in News on July 19, 2010 at 9:30 am PT

Does Morris Chang have a crystal ball? The chairman and chief executive of Taiwan Semiconductor Manufacturing, the world’s biggest contract chip maker, seems to be quite confident about the chip industry’s outlook.

IPhone 4 Reaches the Gray Market

Lorraine Luk, Reporter, The Wall Street Journal in News on June 30, 2010 at 10:39 am PT

Just how much would you pay to get an iPhone 4? Last week, more than 1 million people snapped up the device in the U.S., Japan and other countries where it went on sale. But some Apple fans in Hong Kong, including visitors from China, couldn’t wait, and in some cases paid more than $3,000 for a gray-market iPhone 4.

Hon Hai Downplays Wage Increases

Ting-I Tsai and Lorraine Luk, Reporters, The Wall Street Journal in News on June 8, 2010 at 3:45 pm PT

Amid rising concerns about profitability and a tumbling stock price, Hon Hai Precision Industry Co. Chairman Terry Gou downplayed Tuesday the impact of recent wage increases and said it is accelerating automation to reduce its reliance on labor.

Hon Hai Fallout Could Include Relocations

Lorraine Luk, Reporter, The Wall Street Journal in News on June 8, 2010 at 12:00 am PT

The recent spate of suicides at a Shenzhen factory of Taiwanese electronics maker Hon Hai Precision Industry, which assembles Apple products, has spurred the company, its Hong Kong listed Foxconn International unit and even some of its rivals like TPV Technology to give salary increases for factory workers in China amid growing concerns about working conditions at their plants.

China Telecom May Want In on Apple Action

Lorraine Luk, Reporter, The Wall Street Journal in News on May 27, 2010 at 12:00 am PT

China Telecom, China’s largest fixed-line operator, appears to be changing its position about possibly offering Apple products in the near future. Chief Executive Wang Xiaochu said at a press conference Tuesday that the company is evaluating market response for Apple’s iPad tablet computer before it holds any talks with the U.S. consumer electronics company.

Alibaba.com Profit Rises 34 Percent

Lorraine Luk, Reporter, The Wall Street Journal in News on May 13, 2010 at 8:01 am PT

Online business-to-business platform operator Alibaba.com Ltd. said Thursday its first-quarter net profit rose 34 percent from a year earlier as the number of paying members grew and revenue increased. Chief Executive David Wei said the company remains confident it will deliver strong revenue growth this year and “a big profit” in 2011 because of the three-year investment plan it launched in 2009.

China Mobile Looks Attractive on Cheap Valuation, Dividend

Lorraine Luk, Reporter, The Wall Street Journal in News on January 11, 2010 at 10:11 am PT

China Mobile Ltd. may have been the worst performing blue chip stock in Hong Kong last year, but now may be an opportune time for investors to revisit the stock. An attractive dividend yield, cheaper valuation compared to its competitors, China Unicom (Hong Kong) Ltd. and China Telecom Corp., as well as improving growth prospects with the launch of more advanced third-generation telecom services likely means a much better year for the telecom operator in 2010.