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.
FRANKFURT, April 27 (Reuters) – Naguib Sawiris, the
charismatic and outspoken chairman of Orascom Telecom <ORTE.CA>,
is not a man who shies away from making a bold move and he knows
when to cut his losses.
Currently, Sawiris is looking to take a tough decision about
a divestment of Orascom’s Algerian unit Djezzy, its single
biggest source of revenue but also its most troubled unit.
FRANKFURT, April 20 (Reuters) – Daimler <DAIGn.DE> shares
soared nearly 8 percent, leading European auto stocks higher
after the company unexpectedly hiked the 2010 earnings target
for its luxury Mercedes arm.
The news was firmly focused on the high end but appeared to
boost the whole sector. BMW <BMWG.DE> shares climbed by 4.4
percent and Renault <RENA.PA> shares rose 3.8 percent. Shares in
Italy’s Fiat <FIA.MI> jumped too ahead of a strategy
presentation due on Wednesday [ID:nLDE63J0P4].
FRANKFURT, April 12 (Reuters) – Germany kicked off a
multi-billion euro mobile spectrum auction on Monday, its
largest allocation of frequencies ever.
The auction was launched at 1200 GMT and will be held in
former military barracks in a suburb of Mainz, some 40
kilometres south of Frankfurt.
FRANKFURT, March 25 (Reuters) – German chipmaker Infineon <IFXGn.DE>, teetering on the brink of survival a year ago, is suprised by the speed of its revenue recovery but investors hoping for a payout will have to hold out for some time.
“The economic development is significantly better than we had reckoned with,” Chief Executive Peter Bauer told Reuters in an interview published on Thursday.
BONN, March 17 (Reuters) – Deutsche Telekom <DTEGn.DE>,
feverishly seeking extra revenue to offset decline in its
traditional business, barely dented the market with promises of
future growth from IT services.
Kicking off a two-day presentation to explain how Internet
technology will drive a slew of new paid-for services, Chief
Executive Rene Obermann promised to transform the business
FRANKFURT, March 15 (Reuters) – Deutsche Telekom <DTEGn.DE>
chief executive Rene Obermann has been called many things but
rarely a visionary and the roadmap for the years ahead he and
his team will present this week is unlikely to change that.
Reminiscient of Web 2.0 — the buzzword of 2004 for the
development of the Internet to an interactive platform from a
mere research tool — Deutsche Telekom plans to present what it
has dubbed “Strategy 2.0″ to investors on Wednesday.
FRANKFURT/AMSTERDAM (Reuters) – Telecom firms risk losing a key revenue stream to rivals like Google <GOOG.O> by leaving valuable customer client data largely untapped and hesitating to invest extra cash to leverage customer information.
Tapping into the mountain of information generated by people’s data usage is a potential gold mine as operators can delve into the intimacies of customers’ lives — which websites they view, where they shop, their social and political views.
BONN/PARIS, Feb 25 (Reuters) – Deutsche Telekom <DTEGn.DE>
and France Telecom <FTE.PA>, two of Europe’s largest telecoms
players, promised shareholders continuity and stability on
Thursday, amid struggles at home and abroad.
Deutsche Telekom, seeking to ignite growth in its stagnating
U.S. business and hit by a writedown on its Greek unit, reported
an improvement in its home market where fixed-line losses were
less severe and its mobile business grew. [ID:nLDE61O04Q]
BONN, Feb 25 (Reuters) – Deutsche Telekom <DTEGn.DE> set
modest 2010 targets as it aims to please shareholders with
strict cost control and promises of a stable, albeit possibly
lower, dividend until 2012.
The Bonn-based group said continued economic uncertainty,
such as the threat of rising unemployment, led it to give a