East Coast Tech Correspondent
Nicola's Feed
Nov 9, 2010

NXP CEO sees no chipmaker consolidation mid-term

MUNICH (Reuters) – Dutch chip maker NXP ruled out any consolidation in the semiconductor industry in the mid-term because major players are focused on organic growth as they emerge from the global recession.

“Five years from now you’ll see some consolidation,” NXP Chief Executive Rick Clemmer told Reuters in an interview on the sidelines of an industry event in Munich on Tuesday.

Nov 9, 2010

Chip sector hopes for normality after end of boom

MUNICH (Reuters) – The semiconductor industry sees the end of a boom in demand for chips as providing predictability in earnings and production after a period of turbulence, top company executives said.

“This industry has gone through hell but it is looking very bright,” said Henri Richard, senior vice president of privately owned U.S.-based Freescale, at an industry event in Munich.

Nov 4, 2010

German ops drive D. Telekom’s Q3, U.S. stutters

FRANKFURT, Nov 4 (Reuters) – Deutsche Telekom’s (DTEGn.DE: Quote, Profile, Research, Stock Buzz)
struggling U.S. unit kept investors worried as the German
company confirmed its outlook on the back of surging demand for
mobile data in Germany via smartphones and mobile devices.

Deutsche Telekom stock was down 2 percent by 1142 GMT at
10.24 euros, making it one of the biggest losers in Germany’s
blue-chip DAX .GDAXI index, which gained 1.5 percent.

Oct 27, 2010

SAP bucks software trend with caution at Q3

FRANKFURT, Oct 27 (Reuters) – German business software maker
SAP AG (SAPG.DE: Quote, Profile, Research) stuck to its full-year targets in third-quarter
results, dashing investor hopes that had been raised by solid
results from North American peers.

SAP shares fell 3.4 percent by 0731 GMT to 37.01 euros,
making them the biggest losers in Germany’s slightly weaker
blue-chip index.

Oct 27, 2010

SAP gives cautious outlook with Q3 results

FRANKFURT, Oct 27 (Reuters) – German business software maker
SAP AG (SAPG.DE: Quote, Profile, Research, Stock Buzz) kept its full-year targets when posting
third-quarter results, disappointing investor expectations that
had been heightened by solid results from North American peers.

SAP shares were down 2 percent in pre-market trading at 0628
GMT.

“Some investors might have hoped that SAP could raise its
SSRS (software-related service revenue) guidance which has not
happened,” DZ Bank’s Oliver Finger said. “This indicates that
SAP remains cautious for Q4 as the consensus is already near the
upper end of the guidance.”

Sep 23, 2010

Dutch KPN will name new CEO in next month

BRUSSELS, Sept 23 (Reuters) – Ad Scheepbouwer, the man who
took the helm at Dutch telecoms group KPN almost a decade ago
and steadied the boat after the rocky M&A adventure of his
predecessor, said his own successor was due to be named soon.

Scheepbouwer told Reuters on Thursday KPN (KPN.AS: Quote, Profile, Research, Stock Buzz) would
name his replacement before the company reports its
third-quarter results, which are due on Oct. 26.

Sep 9, 2010

Deutsche Telekom’s U.S. ops: boon or bane?

FRANKFURT, Sept 9 (Reuters) – Deutsche Telekom AG
(DTEGn.DE: Quote, Profile, Research, Stock Buzz), Europe’s biggest telecoms group by sales, has
delivered a stable if uninspiring stock performance, but its
shares may suffer from uncertainty over the future of its U.S.
operations.

T-Mobile USA, once the group’s cash cow, has been struggling
with customer losses and margin pressure. It is a distant fourth
in the U.S. market behind AT&T (T.N: Quote, Profile, Research, Stock Buzz), Verizon (VZ.N: Quote, Profile, Research, Stock Buzz) and Sprint
Nextel (S.N: Quote, Profile, Research, Stock Buzz).

Sep 8, 2010

Swisscom to buy rest of Fastweb for 256 mln euros

ROME/FRANKFURT, Sept 8 (Reuters) – Swiss phone company
Swisscom AG (SCMN.VX: Quote, Profile, Research, Stock Buzz) plans an offer to buy the remaining
Fastweb (FWB.MI: Quote, Profile, Research, Stock Buzz) shares it does not own for 256 million euros,
taking advantage of the Italian unit’s battered share price to
gain full control.

Swisscom said on Wednesday it would offer 18 euros in cash
for the remaining 18 percent of Fastweb once it gets approval
from Italian market regulator Consob.

Sep 7, 2010

Google to start TV service in U.S. this autumn

BERLIN (Reuters) – Google Inc will launch its service to bring the Web to TV screens in the United States this autumn and worldwide next year, its chief executive said, as it extends its reach from the desktop to the living room.

CEO Eric Schmidt said the service, which will allow full Internet browsing via the television, would be free, and Google would work with a variety of programme makers and electronics manufacturers to bring it to consumers.

Sep 6, 2010

Sky Deutschland has enough cash mid-term-CEO

BERLIN, Sept 6 (Reuters) – Loss-making German pay-TV
broadcaster Sky Deutschland (SKYDn.DE: Quote, Profile, Research, Stock Buzz) is unlikely to need
another capital increase in the mid-term as it aims to become a
sustainable business within three years, its CEO said on Monday.

“Will we need more money going forward? If we got the base
plan right, if we got the strategic plan right, no we won’t,”
Chief Executive Brian Sullivan told reporters in Berlin.