For example, right now, the wire transfer industry is dominated by monolithic firms like Western Union.

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Instead of folding our tent, we sought out another market where we could leverage our intellectual property: the international remittance or money transfer industry.

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Novartis has suffered from this itself, but Mr Vasella says turnover is highest among employees, such as those in sales and marketing, whose skills transfer readily from one industry to another.

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In the 1980s, Congress was growing increasingly concerned about the competitiveness of U.S. industry, particularly with respect to the timely transfer of technology from government labs to the private sector.

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The second, bigger, error that the Army has made is to try to transfer much of the program risk to industry.

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The ruling on Wednesday tossed out a fraud conviction against Rambus for withholding information from a chip industry consortium, which adopted Rambus' protocols for memory transfer without knowing Rambus had patents on the technology.

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Just as biotechnology and software have sprung up outside the mainstream drugs and computer industries, so the industry that has grown up on voice circuits will find it hard to transfer its grip to the new world of data networks.

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International transfer passengers who never leave the airport are useful to the airline industry, but they are of little wider economic value.

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The company also warns that there are risks unique to its industry, including competition for key players, as well as increases in operating costs, such as player salaries and transfer costs.

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