Luthori

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The Economic Inquirer

Watford Renames as “BlueLock”, interested in becoming a wider tech giant.

September 5574

Fort William - Today afternoon, it was announced by the Watford Electronic Company or WEC for short, that a “total rebranding” of their company’s image, the Watford Electronic Company announced that their company’s name would be changed to “BlueLock Electronics”. This name was chosen after a meeting of the WEC’s main shareholders, as an agreement was reached during this meeting about a rebranding and a transformation of the company’s overall core objectives and subjects of interests. Ever since its foundation, the Watford Electronic Company has been considered as being an electronic hardware company, producing electronic hardware goods such as computers, laptops or phones as well. Yet, for all intents and purposes, the Watford Electronic Company preferred to work with foreign, developed software industries, such as the one present in Beiteynu. But, it should be noted that the rising trend of Luthorian economic nationalism isn’t only present in Parliament, but also in the Luthorian corporation sector, which is now more interested into developing underdeveloped sectors in the Luthorian economy, such as the Luthorian software industry, which is underdeveloped compared to its counterpart in Beiteynu or even the Kingdom of Hutori.

In light of this underdevelopment, the ‘BlackIce’ rebranding is considered to be a message for increasing efforts into the development of the Luthorian technological industry, as the company announced that they were “considering” the creation of an investment fund destined to help either struggling or rising startups to begin developing some sort of cooperation between BlackIce and them, as the company is trying to become less reliant on the Beiteynuese software industry.

Mr. Andrew Clark, COO of BlackIce stated that “these changes were necessary, as the company’s views begin to shift”, mentioning the fact that the company has begun a transition from traditional hardware production towards a more generic technological company, with a division on software development being created, on software development, it is also considered to be a fact that BlueLock’s investments into developing and upstating startups are a mean to secure control over these developing corporations to, later, integrate them into the BlackIce’s framework.

While for now, the Government is expected to refuse any direct investments into the sector, whispers are appearing in Parliament calling the Chancellor of the Exchequer to conduct state-led investments into the hardware and software electronic sectors, to build a domestic electronic industry based around these two sectors, and while the hardware industry is already renowned around the World as being one of the “finest”, BlackIce quasi-monopoly on the market is worrying as the company is without direct competitors and is considered to be “too big to fail”, some voice have begun to call for the break up of the company into smaller entities that would be able to compete with each other more fairly.

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