Tech Links: Phones, more phones and communion wafers
Better luck next year for Android
Taiwanese smartphone maker HTC has warned of a revenue shortfall, saying it has too many new phone models chasing too little revenue. Revenue growth will turn negative in 2009, instead of growing 10 percent, as the company had previously forecast.
Chief Executive Peter Chou says: “Momentum on both the Windows Mobile and Android platforms are also turning out to be weaker than expected.”
My favorite line: “Investors have been relatively bearish on the company this year, with HTC’s shares having risen about 36 percent so far, far lagging the 54 percent advance on the TAIEX share index.”
Bharti looks ready to raise price for MTN
Bharti Airtel and MTN have agreed to a month-long extension to merger talks to seal a deal that would create the world’s third largest mobile phone company in subscriber terms.
This looks like the prelude to Bharti raising its bid for MTN, answering resistance to the deal by investors in the South African company. It all follows weeks of jockeying by Bharti to line up funding with banks and key shareholders.
The merger appears to be moving ahead despite signs of growing worker unrest in MTN’s homeland. Over the weekend, South Africa’s Communication Workers Union said workers at the fixed-line operations of Telkom SA will hold a two-day strike this week.
The Times reports that Virgin Media is considering a secondary listing in London, seeking to cure the decade long mismatch between the entirely UK-focused broadband business and its U.S. listing on Nasdaq. It’s all a hangover from the American origins of its bankrupt predecessor, NTL.
Communion wafer apology
From Canada, newspaper backtracks on saga over communion wafer.
The saga started here, nearly a month ago.
The newspaper’s apology both to Canada’s prime minister and to its own reporters:
The apology in context, thanks to Parker Donham and his blog, Contrarian.
(Photo credits: Reuters, Albert Gea, Barcelona; Google Finance stock chart; Reuters/Ajay Verma, Chandigarh)