The retailer, which invests in tech startups through its venture arm GreenTech, also said it plans to launch more smart home products in the next few years.
With CMGI burning through $50 million in cash each month and investing another $25 million through its venture arm, the company's $1.7 billion in cash will last nearly two years.
Fidelity, the giant American mutual fund company, holds a 47.7percentt stake in Colt through its venture capital arm.
(BP, the British oil titan, has also benefited from Russia policy, through its joint venture in Russia, TNK-BP).
The oil giant BP said it expected profit to rise in the second quarter after increasing production through its joint venture in Russia.
The only other LCD panels Sony manufactures are through its joint venture with Sharp, in which Sony owns a 7 percent stake.
Episciences has 22 employees and, he said, "will expand this year through a venture in Japan".
Michael Katz first traveled outside the United States in the 1970's when he was working for a large medical diagnostics company that was branching into Europe through a joint venture in Finland.
Citigroup and Fubon will make their debut as a team in the next few months through a joint venture in Hong Kong.
PepsiCo first entered the market through a joint venture in 1985, established Pepsi Foods Thailand in 1995 (renamed Frito-Lay Thailand in 1996), purchased a major rival in 1999, and, given the fast-paced nature of the market, moved their Asia-Pacific headquarters to the country in 2000 [ 109, 110].
