East Coast Tech Correspondent
Nicola's Feed
Jun 11, 2010

Emerging market telco M&A needs skill, humility

LONDON/MUNICH (Reuters) – Potential buyers need to pay attention to detail and keep their egos in check to prevent regulatory and political hurdles derailing the richest-ever phase of emerging markets telecom consolidation.

Last-minute hitches have already thwarted South Africa’s MTN and Bharti, two companies seeking to bulk up in developing countries.

Jun 10, 2010

Kabel Deutschland aims for profitability in 2012

MUNICH, June 10 (Reuters) – Cable television company Kabel
Deutschland (KD8Gn.DE: Quote, Profile, Research) (KDG) will need another two years before
it makes a profit and can pay a dividend, it said on Thursday
after reporting its first full-year figures as a listed group.

Germany’s largest cable operator, which went public in March
and will enter the MDAX German mid-cap index on June
21, said it expected to show continued but somewhat slower
growth this year and a narrower net loss.

Jun 7, 2010

KPN’s thrift puts German operations in jeopardy

FRANKFURT/AMSTERDAM (Reuters) – Dutch operator KPN (KPN.AS: Quote, Profile, Research) may lose its appeal as a potential partner or acquisition target after competitors snatched the most popular bands in Germany’s mobile spectrum auction.

KPN doubled the amount of spectrum of its German wireless unit E-Plus in an auction that ended last month, but due to its tight budget strategy it is left without access to the popular 800 Mhz band in the crowded German market.

May 27, 2010

German agency not satisfied with Facebook changes

FRANKFURT (Reuters) – Germany’s national consumer-protection agency may take legal measures against Facebook if it finds that the social network’s new privacy controls do not meet German data-protection standards.

Carola Elbrecht, head of digital projects at the VZBV agency, welcomed the changes to privacy settings announced by Facebook late on Wednesday but expressed concern that users would still have to actively opt out of default settings making their data public.

May 13, 2010

SAP pays dearly with $5.8 billion Sybase purchase

FRANKFURT/BOSTON (Reuters) – SAP AG’s planned purchase of Sybase Inc for $5.8 billion to move ahead of arch rival Oracle Corp in the mobile data market has raised concerns the German software maker is paying too much.

Just three months into their new jobs, co-chief executives Bill McDermott and Jim Hagemann Snabe announced on Wednesday what would be the second-largest acquisition in SAP’s near 40-year history after its purchase of Business Objects in 2008.

May 13, 2010

SAP pays dear for game-changing Sybase deal

FRANKFURT/BOSTON (Reuters) – SAP’s <SAPG.DE> planned buy of Sybase <SY.N> for $5.8 billion to stay in the mobile data race with arch rival Oracle <ORCL.O> is raising concerns the German software company may be paying too much.

Just three months into their new jobs, co-chief executives Bill McDermott and Jim Hagemann Snabe announced on Wednesday what would be the second-largest acquisition in SAP’s near 40-year history after SAP’s purchase of Business Objects in 2008.

May 3, 2010

D.Telekom shareholders fret over U.S., share price

COLOGNE, Germany, May 3 (Reuters) – Deutsche Telekom
<DTEGn.DE> management did little to ease shareholder concerns
over the group’s future growth, leaving some at the annual
meeting on Monday wondering about the value of their investment.

“We are concerned that the problems in the U.S. will clearly
get worse,” Klaus Kaldemorgen of DWS fund management said, citing
disappointing earnings at the division for the past two years.

Apr 28, 2010

SAP posts double-digit Q1 growth

FRANKFURT (Reuters) – Germany’s SAP AG <SAPG.DE> posted double-digit growth in first-quarter sales and operating profit, underscoring a rebound in corporate technology spending seen across the industry.

“We see the recession coming to an end and do believe there is sustainable growth,” Co-Chief Executive Jim Hagemann Snabe told Reuters Insider in an interview on Wednesday. He added he expects SAP to achieve double-digit growth in most regions, especially Asia.

Apr 28, 2010

SAP posts double-digit Q1 growth, keeps outlook

FRANKFURT, April 28 (Reuters) – Germany’s SAP AG <SAPG.DE>
posted double-digit growth in first-quarter sales and operating
profit, underscoring a rebound in corporate technology spending
seen across the industry.

“We see the recession coming to an end and do believe there
is sustainable growth,” Co-Chief Executive Jim Hagemann Snabe
told Reuters Insider in an interview on Wednesday. He added he
expects SAP to achieve double-digit growth in most regions,
especially Asia.
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Apr 28, 2010

Infineon hikes outlook as sees lasting demand ahead

FRANKFURT, April 28 (Reuters) – German chipmaker Infineon
<IFXGn.DE> raised its full-year outlook on the back of healthy
growth across its business on continued strong demand, a sign
the market is recovering faster than expected.
Infineon, which was fighting to survive just a year ago as
demand fell off on the back of the global financial crisis, has
turned itself around thanks to strict cost savings, a capital
increase to help pay down debt, and a rise in tech spending.

“Growth during the second quarter exceeded our original
expectations,” Chief Executive Peter Bauer said on Wednesday.