Summit Notebook

Virgin Mobile USA’s trillions and trillions

May 20, 2008

Dan Schulman, CEO of Virgin Mobile USA Inc., speaks during the Reuters Global Technology, Media and Telecom SummitWill mobile advertising make you rich?

Virgin Mobile USA CEO Dan Schulman told the Reuters Global Technology, Media and Telecoms Summit today about a new advertising partnership with AOL’s Third Screen Media.

from MediaFile:

Nokiahoo or Yahookia? Nah…

May 19, 2008

desert.jpg

With all the interest in Yahoo Inc these days, we took the opportunity to ask Nokia CFO Rick Simonson at the Reuters Global Technology, Media and Telecoms Summit if the world's largest mobile phone maker would be interested in buying Yahoo. He laughed and joked that of all the questions we could have asked him, this was one he didn't see coming. Then he goes on to say:

Symantec: We protect, you decide

May 19, 2008

enrique-salem.jpgSome companies have thousands of ways to gauge their performance. Symantec figures it out on two fingers: loyalty and market share.

Grand Theft Audio 4 seen as “work of art”, EA says

By georgina prodhan
May 19, 2008

florin.jpgThe spectacular debut this month of Take Two’s blockbuster video game Grand Theft Auto was no better than expected, EA’s head of international publishing, Gerhard Florin, told the Reuters Technology, Media and Telecoms summit in Paris.

Audio – Mexico’s America Movil open to further expansion

April 3, 2008

amovil.jpgMexican cell phone giant America Movil, which does business in 17 countries across Latin America and the United States, plans to add another 20 million subscribers this year to its client base. 
Chief Financial Officer Carlos Garcia-Moreno chat with Reuters during the Latin America Investment Summit about keeping the doors open for more acquisitions outside its core region although he said the company is in no rush to do so.

Audio – Pemex paints grim picture of Mexico’s oil future

April 3, 2008

pemex.jpgWith Congress and political parties mired in energy reform talks, monopoly Pemex painted a grim outlook for Mexico’s oil industry if foreign partnerships for deep sea production are not allowed.
Pemex Exploration and Production Chief Carlos Morales told the Reuters Latin America Investment Summit that the company’s first six deepwater exploration wells found no oil and how production at more of the country’s Gulf fields will follow Cantarell into decline in the years ahead. He also said that a planned oil sector reform would be crippled if it excludes alliances with experienced foreign partners. 
   

Inflation in Argentina worries Toyota

April 3, 2008

toyota-argentina.jpgHigh inflation in Argentina is “worrying” Toyota’s local unit but the company is optimistic that concerns over energy shortages will ease in the medium term, said the firm’s president.

Peru miner eyes record gold and silver production

April 3, 2008

roque_benavides.jpgPeruvian miner Buenaventura said 2008 will be a record-setting year for its main silver and gold mines.

Audio – Mexican retailer Soriana focuses on debt

April 3, 2008

soriana.jpgAfter closing one of the biggest deals in the Mexican retail market in a decade by acquiring more than 200 stores from rival Gigante, Soriana plans to focus on keeping a tidy mid-term debt profile.
The Gigante transaction, which helped strengthen Soriana’s position against leader Wal-Mart de Mexico, will slow down the retailer’s organic growth for the next two years but the company hopes store openings will gather speed again in 2010.
Listen to Chief Financial Officer Aurelio Adan speak at the Reuters Latin America Investment Summit about how the company will handle debt in the next five years and the reasons why he thinks Soriana stock is undervalued.

Audio – Tough ride ahead for Mexico’s biggest retailer

April 2, 2008

walmex.jpgWalmex, the Mexican arm of U.S. retail giant Wal-Mart Stores Inc., is set for another tough year amid an economic slowdown that is making it more difficult for customers to buy anything from food to clothing.
In 2007, retailers were hurt by a downturn in the Mexican and U.S. economies. However, Walmex hopes that its first-quarter results will be decent. 
Listen to the company’s Chief Executive Eduardo Solorzano talk about the challenges ahead during Reuters Latin America Investment Summit.