商业报道

　　Telecom networks

　　电信网络

　　Two's company

　　双巨头

　　In an industry with a cost leader and a price leader, is there room for others?

　　当一个行业里既有成本领导者又有价格领导者的时候，其它公司还有市场空间吗？

　　REVOLUTIONS in technology bring benefits to millions,

　　技术上的革新总是给数百万人带来好处，

　　but the companies that make them happen do not always thrive.

　　但是那些实现技术革新的公司却不一定会因此而兴旺发达。

　　Even when demand is booming, competition to meet it can be brutal.

　　即便是需求迅速膨胀，其市场竞争也会非常残酷。

　　Makers of telecommunications networks know this only too well.

　　通信网络设备制造商非常清楚这一点。

　　They perform the unseen miracles that allow ever more people to talk, work and play on ever smarter devices just about anywhere,

　　它们默默地创造着奇迹，让更多的人可以在任何地点通过更智能的终端聊天、工作和娱乐，

　　but their rewards have been mostly meagre.

　　但得到的回报却少的可怜。

　　Merger and failure have thinned their ranks.

　　频繁的并购和失败的经营导致这个行业的玩家不断减少。

　　In 2009 Nortel, a Canadian equipment-maker, went bankrupt.

　　在2009年，北电破产。

　　This year Motorola's wireless-network division was bought by Nokia Siemens Networks, a Finnish-German joint venture created in 2007.

　　同年，摩托罗拉的无线网络部门被诺西收购。

　　France's Alcatel and America's Lucent merged in 2006.

　　法国阿尔卡特和美国朗讯也早在2006年合并。

　　None of these mergers has brought much success.

　　然而这些兼并案例并没有获得多少成功。

　　NSN has yet to make an annual profit.

　　诺西的年度收益至今还是负的。

　　On November 23rd it said it would shed 17,000 of its 74,000 workers and concentrate on mobile-broadband networks, for which demand is set to grow explosively, and on services,where it is relatively strong.

　　在11月23日，诺西宣布将裁员17000人，将把经营聚焦于蓬勃发展的移动宽带网络业务和相对强劲的代维业务。

　　It had already sold a microwave-technology business; and on November 29th it announced the sale of another small unit.

　　诺西已经出售了自己的微波业务部门；并于11月29日宣布售出了另一个小业务单元。

　　Alcatel-Lucent reported falling revenues and negative cashflow in the third quarter.

　　据报，阿朗在3季度销售额下跌，现金流为负。

　　Investors are said to be impatient with its boss, Ben Verwaayen.

　　投资者也开始对阿朗的老板本. 韦华恩失去耐心。

　　Must all struggle?

　　难道都是在苦苦挣扎么？

　　All but two, it seems.

　　似乎有2家是例外。

　　Telecoms equipment is a scale game,

　　通信设备制造业是一个规模游戏。

　　says Richard Windsor of Nomura, an investment bank. Network-builders need scale to support the hefty fixed costs of research and development.

　　一位来自野村证券的分析师理查德.温莎说道。

　　You can be either the cost leader or the technology leader.

　　网络建造者需要规模效应来支撑沉重的研发固定成本支出。他说:你可以是成本领先者或是技术领先者。

　　If you're neither of those, you're in a spot of bother.

　　但如果你两头都不搭，那你就有麻烦了。

　　The technological pace is set by Ericsson, a Swedish company that scoops more than a third of global mobile-infrastructure revenues, according to Gartner, a research firm.

　　爱立信，这家技术研究型公司引领着技术的步伐; 据高德纳调查，这家来自瑞典的公司攫取了全球三分之一的移动基础网络建设收入。

　　It boasts 27,000 patents and was part of a six-firm consortium that paid $4.5 billion for a load of Nortel's patents in July.

　　它声称拥有27000项专利，同时也是在7月份为收购北电专利支付45亿美元的财团成员之一。

　　Anyone mobile phones or networks needs an agreement with us, says Hans Vestberg, its boss.

　　爱立信的老板汉斯?卫翰思宣称:任何一家设计手机或是网络的公司都需要和我们签订协议。

　　The cost leader is Huawei, a Chinese firm.

　　而成本领先者则是一家中国公司, 华为。

　　Its global market share went up from 4.5% in 2006 to 15.6% in 2010, reckons Gartner, despite the political obstacles it faces in America.

　　尽管它在美国市场遭遇了政治障碍; 但据高德纳估算，它的全球市场份额依然从2006年的4.5%增长至2010年的15.6%.

　　Even Ericsson feels the price pinch.

　　即使是爱立信也在为价格头疼不已。

　　Its revenues have risen this year after falling in 2009 and 2010,

　　虽然其收入在经历2009, 2010两个财年的下滑后，今年有所回升，

　　but its margins have been slimmer.

　　但利润却变少了。

　　Mr Vestberg explains that Ericsson has been building new networks for mobile operators and modernising old ones.

　　卫翰思先生解释道，这是因为爱立信在为移动运营商建设新网络同时改造旧网络。

　　That means winning open tenders and taking an initial hit to margins.

　　这就意味着它每赢得一个公开招标就开始一次对利润的冲击。

　　Mr Windsor says that the companies caught in the middle lack the margins either to invest on Ericsson's scale in R&D or to fight Huawei on price.

　　温莎先生称:这些公司都遭遇了利润瓶颈，既无法做到像爱立信对研发的投资规模，又不能和华为打价格战。

　　NSN was loth to compete on prices before Rajeev Suri became its boss in 2009, says Bengt Nordstrom of Northstream, a consulting firm.

　　据北流咨询公司的本格特?诺德斯特姆称，在2009年拉吉夫?苏瑞担任诺西的老板以前，诺西根本不愿意开打价格战。

　　Its market share is down to around a sixth, even with Motorola;

　　它以前从母公司继承了1/4的全球市场份额，

　　it inherited a quarter from its parents.

　　而现在其市场份额连同摩托罗拉算在一起，已下降到了1/6。

　　Now Mr Suri is taking an axe to costs, though he has not said exactly what he will chop.

　　如今苏立先生大刀阔斧削减成本，尽管他并没有明确表示要砍掉哪一部分。

　　He thinks others will also have to narrow their ambitions.

　　他认为其它公司同样将会采取收缩战略。

　　Life will get no easier for those squeezed between the Swedes and the Chinese.

　　那些被瑞典人和中国人夹在中间的公司日子会不好过。

　　Ericsson's scale and technical edge are handy when, say, talking to mobile operators wanting to handle lots of data faster and without interference.

　　对于那些想要获得更快处理海量数据和抗干扰技术能力的运营商，爱立信凭借所拥有的规模和技术优势可以手到擒来。

　　And for those for whom cheap kit is paramount, Huawei will still be hard to beat.

　　而对于那些以设备价格低廉为至上原则的运营商市场里，华为则难逢敌手。

　　1.benefit n.利益；津贴；义演

　　It was for the benefit of your company that we did that.

　　我们这样做都是为了你们公司的利益。

　　2.thrive v.兴旺；繁荣；茁壮成长

　　A business cannot thrive without good management.

　　没有良好的经营管理，事业就不会兴旺发达。

　　3.telecommunication n.电信；远程通信

　　The telecommunication service is a government monopoly.

　　电信为政府专营。

　　4.device n.装置；设备

　　The data logger device has been fitted to ship's engine room.

　　数字记录仪装置已安装在船只的机舱里。

　　5.bankrupt a.破产的；道德败坏的

　　If your liabilities exceed your assets, you may go bankrupt.

　　如果你所负的债超过你的资产，你就会破产。