East Coast Tech Correspondent
Nicola's Feed
Aug 4, 2011

Deutsche Telekom holds to targets despite profit drop

BONN, Germany, Aug 4 (Reuters) – Deutsche Telekom is on track to meet its 2011 targets, it said on Thursday, despite a poor performance in the United States, continued economic weakness in southeastern Europe and sluggish growth in Germany.

The Bonn-based group is in the throes of retrenching as a regional European player and awaits regulatory approval for the sale of its ailing U.S. business to AT&T for 39 billion euros ($55.7 billion).

Jul 25, 2011

Sky Deutschland says cash will last to break-even

MUNICH, July 25 (Reuters) – German pay TV company Sky
Deutschland (SKYDn.DE: Quote, Profile, Research, Stock Buzz), part-owned by scandal-ridden News Corp
(NWSA.O: Quote, Profile, Research, Stock Buzz), has sufficient capital to last until it turns
profitable, its Chief Financial Officer said.

“We’re totally OK on funding to go to break even,” Steven
Tomsic told Reuters in an interview.

Jul 25, 2011

Sky Deutschland’s funding ok ’til break even-CFO

MUNICH, July 25 (Reuters) – German pay TV company Sky
Deutschland (SKYDn.DE: Quote, Profile, Research, Stock Buzz), part-owned by scandal-ridden News Corp
(NWSA.O: Quote, Profile, Research, Stock Buzz), has sufficient capital to burn until it breaks even,
its Chief Financial Officer said.

“We’re totally ok on funding to go to break even,” CFO
Steven Tomsic told Reuters in an interview.

Jul 19, 2011

Telenor, Vodafone set to shine as telcos struggle on

FRANKFURT (Reuters) – Norway’s Telenor and Britain’s Vodafone are expected to outshine their European telecom peers as the sector struggles with weak economies and forced price cuts.

Analysts are braced for a slew of poor second-quarter results, starting with Nordic operator TeliaSonera on Wednesday.

Jul 14, 2011

German media mogul Leo Kirch dies at age 84

FRANKFURT (Reuters) – German media tycoon Leo Kirch died on Thursday after years of illness and without ever resolving his protracted battle with Deutsche Bank, one of Germany’s most bitter, drawn-out corporate disputes.

“Our beloved husband, father, brother, Dr. Leo Kirch died peacefully today in the company of his family. We are very sad,” the family said in a brief statement on Thursday.

Jul 14, 2011

Software AG’s weak Q2 rattles investors, shares plummet

FRANKFURT, July 14 (Reuters) – Software AG (SOWG.DE: Quote, Profile, Research, Stock Buzz) shares
plummeted to a four-month low on Thursday after the company’s
quarterly results proved weaker than expected due to lower
license sales and delayed projects.

The company said late the previous day that deals it
expected to close in June had been delayed and that it had
identified “operating weaknesses” in Europe, sending its stock
down some 16 percent to its lowest since March.

Jul 6, 2011

Exclusive: Permira leads pack in Alcatel unit sale

FRANKFURT/NEW YORK (Reuters) – Private equity firm Permira has emerged as the frontrunner to buy a collection of businesses put up for sale by telecom gear maker Alcatel-Lucent (ALUA.PA: Quote, Profile, Research, Stock Buzz), sources familiar with the situation told Reuters.

The crown jewel of the sale is Genesys, which sells software for the operation of call centers and video conferencing and is attractive for its high margins.

Jul 6, 2011

Permira leads pack in Alcatel unit sale -sources

FRANKFURT/NEW YORK, July 6 (Reuters) – Private equity firm
Permira has emerged as the frontrunner to buy a collection of
businesses put up for sale by telecom gear maker Alcatel-Lucent
(ALUA.PA: Quote, Profile, Research, Stock Buzz), sources familiar with the situation told Reuters.

The crown jewel of the sale is Genesys, which sells software
for the operation of call centres and video conferencing and is
attractive for its high margins.

Jun 8, 2011

Kabel Deutschland refinances ahead of 1st dividend

LONDON/FRANKFURT, June 8 (Reuters) – Lossmaking Kabel
Deutschland (KDG) promised investors a net profit and a dividend
payout for this year as it launched an 800 million euro ($1.2
billion) debt refinancing that will reduce its interest costs.

Under the refinancing plan, the company will pay off
existing debt including a 515 million euro Payment-In-Kind (PIK)
loan maturing in 2014 from the proceeds of a new 300 million
euro seven-year senior secured high-yield bond and a 500 million
euro loan of the same maturity. That move will reduce annual
interest costs by some 11 million euros.

May 19, 2011

SAP sees growth from new businesses

PARIS/MUNICH (Reuters) – SAP (SAPG.DE: Quote, Profile, Research, Stock Buzz) expects to achieve significant sales in its new mobile and high-performance analytics software products this year, co-Chief Executive Jim Hagemann Snabe said on Thursday.

“Already this year, the first year, in both those two categories, we will be able to do more than 100 million euros ($143 million) in revenue,” he told the Reuters Global Technology Summit on Thursday.