Summit Notebook

SanDisk’s Steve Jobs flashback

May 19, 2009

For Steve Jobs, the right price was just a matter of timing.

During an interview at the Reuters technology summit, the chief executive of flash memory maker SanDisk recalled an encounter years ago with the Apple chief executive, who was then working on a secret, exotic new MP3 player. It was to be called the iPod.

No gadgets please, we’re tech executives!

May 18, 2009

Tech managers are not just savvy about new technology but also own the coolest, most cutting edge gadgets, right? Think again, some of them have no use for gadgets at all, finding pleasure instead in century old paintings and (gasp) pen and paper.

CEO hails motorcycle to make it to Reuters Summit on time

May 18, 2009

Alain Dutheil, CEO of  mobile chipmaker  ST-Ericsson,  is not a man easily deterred when he wants to get somewhere.

Welcome to the 2009 Global Technology Summit

May 15, 2009

In the midst of this recession, technology companies are drawing attention from investors and consumers alike as everyone tries to predict when the downturn will hit bottom and what new inventions might drive a recovery. How will new software and the Internet affect the way people do business? Can consumers afford to update the entertainment they enjoy in their house or car? Are workers properly equipped to communicate with clients and colleagues around the world? Which technology companies will come out as winners from this global crisis, and who will not make it?

Slim’s Telmex moves toward Internet

May 7, 2009

  Fixed-line phone provider Telefonos de Mexico was an old, rusty government-run mammoth when businessman Carlos Slim bought it two decades ago. In a matter of a few years, and with the help of billions of dollars to deploy a nation-wide, state-of-the-art network, Telmex became Slim’s cash cow.
    But times change fast. The expansion of cell phone services across Latin America, led by sister company America Movil, has dented Telmex’s domestic revenue in recent years. The arrival of new technologies, which allow international calls at very low prices, hit Telmex’s long-distance sales too.
    And let’s not forget the new players in the market.
    The company bets Internet services will help it keep business charging ahead. Chief Financial Officer Adolfo Cerezo told the Reuters Latin American Investment Summit that in five years Telmex could become a mostly-web focused company. 
    The one thing holding back even faster growth is that only a quarter of Mexican families own a computer.

3G all the way for Mexico’s America Movil

May 5, 2009

 With presence in all key Latin American markets, a comfortable debt payment schedule for the next 10 years, and an undisputed lead in the region, what’s left for America Movil to do? The Mexican cellphone provider, part of the empire of billionaire and Forbes list fixture Carlos Slim, will focus on growing its 3G services in the 18 countries where it operates.
    Chief Financial Officer Carlos Garcia-Moreno spoke with Reuters during the Latin American Investment Summit in Mexico City, where he forecast that data traffic could make 25 percent of the company’s overall revenue within three years. 
    He bets that the arrival of new, cheaper cellphones with catchy web-surfing features will help the company’s data traffic rise. The company is also planning to sell netbooks across the continent to help lift its 3G income.

For a banker, no panic in China

November 6, 2008

“Well insulated” China, though suffering from sharp drops in its own equities markets, doesn’t have the sense of crisis that exists in the U.S., says Philip Partnow, managing director of UBS Securities Ltd in Beijing. UBS, the first Western bank to assume management control of a domestic mainland brokerage, points out the fact that what’s hitting companies is not subprime-related securities gone bad.

AUDIO – Vimpelcom: At home in Vietnam

September 8, 2008

izosimov.jpgAs Russia’s acquisitive corporations have consolidated their positions at home, their ambitions have spread to other fast growing, often risky and untried emerging markets. First they hit the countries of the former Soviet Union, which many Russian businessmen still view as their backyard,  and more recently, have expanded in other emerging markets in Asia and Africa. Particularly hospitable have been the old Cold War allies of the Soviet Union, as Russian mobile phone operator Vimpelcom found when it made its first step in Asia by entering a joint venture in Vietnam.

How to spend your tax rebate

May 23, 2008

We asked CEOs at the Reuters Global Technology, Media and Telecoms Summit this week to pick out some stocks they would consider good investment plays.

Q&A with WPP’s Sir Martin Sorrell

May 23, 2008

Sir Martin Sorrell, CEO of WPP Group Plc, was interviewed as part of the Reuters Global Technology, Media and Telecoms Summit held this week around the globe. He talked to Reuters reporter Kate Holton in London, with groups of reporters calling in from Paris and New York to ask questions. Here are extended excerpts from a longer interview: