East Coast Tech Correspondent
Nicola's Feed
Nov 8, 2011

Cisco CEO must convince Street its woes are over

NEW YORK (Reuters) – Cisco Systems Inc has won cautious endorsement for its months-long overhaul but now must convince Wall Street its troubles are a thing of the past and it can return to steady growth.

Cisco, a sector bellwether because of its global scale and diverse client base, in September acknowledged an end to an era of scorching growth after scaling back on consumer businesses and laying off thousands in a sweeping 4-month overhaul.

Oct 10, 2011

Finance whiz and music lover to be Bertelsmann CEO

FRANKFURT (Reuters) – Bertelsmann, Europe’s largest media company, said its Chief Financial Officer Thomas Rabe will take over as chief executive at the start of next year, succeeding Hartmut Ostrowski.

Ostrowski, who took the helm in 2008, will take a seat on Bertelsmann’s supervisory board, the company said, adding Ostrowski was making the switch for personal reasons.

Oct 10, 2011

Bertelsmann CFO Rabe to become CEO Jan 1

FRANKFURT, Oct 10 (Reuters) – Bertelsmann ,
Europe’s largest media company, said its Chief Financial Officer
Thomas Rabe will take over as chief executive at the start of
next year, succeeding Hartmut Ostrowski.

Ostrowski, who took the helm in 2008, will take a seat on
Bertelsmann’s supervisory board, the German company said,
confirming a report in manager magazin on Monday, which said
Ostrowski would become the board’s chairman.

Oct 5, 2011

ProSieben looks beyond TV to boost sales

FRANKFURT, Oct 5 (Reuters) – German commercial broadcaster
ProSieben aims to generate 750 million euros ($996 million) in
additional revenue by 2015 and reduce its dependency on the
German TV advertising market by increasing its non-TV operations
and expanding abroad.

Like other broadcasters, ProSieben is keen to broaden its
offers amid fragmenting audiences and slumping ad revenues.

Sep 30, 2011

Axel Springer offers to buy parts of WAZ media

FRANKFURT, Sept 30 (Reuters) – German publisher
Axel Springer AG (SPRGn.DE: Quote, Profile, Research, Stock Buzz) has made an offer for parts of WAZ
media group, one of the country’s largest publishing houses,
setting up a bid battle with a WAZ shareholder.

A spokeswoman for Axel Springer on Friday confirmed a media
report, saying the Berlin-based publisher made an offer and that
due diligence was still pending, declining to say how much money
Springer had offered.

Sep 20, 2011

AT&T may have to settle for weaker T-Mobile tie-up

NEW YORK/FRANKFURT (Reuters) – If AT&T Inc fails to convince U.S. regulators that its proposed purchase of Deutsche Telekom AG’s T-Mobile USA should go ahead, the pair may end up having to settle for a lesser relationship.

While it wouldn’t be as attractive as an all-out marriage, a network partnership would sidestep the regulatory heat and give the spectrum-hungry companies more capacity to support high-speed wireless services, according to analysts.

Sep 20, 2011

Analysis: AT&T may have to settle for weaker T-Mobile tie-up

NEW YORK/FRANKFURT (Reuters) – If AT&T Inc fails to convince U.S. regulators that its proposed purchase of Deutsche Telekom AG’s T-Mobile USA should go ahead, the pair may end up having to settle for a lesser relationship.

While it wouldn’t be as attractive as an all-out marriage, a network partnership would sidestep the regulatory heat and give the spectrum-hungry companies more capacity to support high-speed wireless services, according to analysts.

Sep 13, 2011

Insight: Succession questions swirl around Cisco’s Chambers

By Nadia Damouni and Nicola Leske

(Reuters) – When John Chambers takes to the stage on Tuesday, many will be wondering if it is the last time the chief executive leads Cisco Systems Inc’s annual financial analyst conference.

After more than 16 years at the helm of the world’s largest network equipment maker, there is discussion both inside and outside Cisco that it is a matter of when — and not if — Chambers will cede the CEO job.

Sep 13, 2011

Succession questions swirl around Cisco’s Chambers

Sept 13 (Reuters) – When John Chambers takes to the stage
on Tuesday, many will be wondering if it is the last time the
chief executive leads Cisco Systems Inc’s (CSCO.O: Quote, Profile, Research, Stock Buzz) annual
financial analyst conference.

After more than 16 years at the helm of the world’s largest
network equipment maker, there is discussion both inside and
outside Cisco that it is a matter of when — and not if –
Chambers will cede the CEO job.

Sep 9, 2011

Apple wins German court ruling on Samsung tablets

DUESSELDORF, Germany (Reuters) – A German court upheld an injunction sought by Apple Inc barring Samsung from selling its Galaxy 10.1 tablets in Germany, marking a victory for the U.S. company in its battle across the globe with its South Korean rival.

However retailers such as German consumer electronics chain Media Markt will still be able to sell the device, if they are getting rid of existing stock or obtaining new supplies from the South Korean group’s parent Samsung International.