Financials
Financials
ZTE expects up to 80% fall in 1H profit
Chinese equipment maker says shar drop reflects sale of Nationz Technologies stake. Chinese telecommunications equipment maker ZTE Corp. said Friday it expects to report first-half net profit of 154 million-308 million yuan, down 60%-80% from the same period...
Financials
Infosys disappoints with 33% profit rise, outlook cut
India's Infosys Ltd. Thursday reported a lower-than-expected net profit for its fiscal first quarter and cut its dollar revenue forecast for the year, leading to a 10% decline in its share price. The Mumbai- and Nasdaq-listed company Thursday...
Financials
Adtran Q2 net down 43% on higher costs
CEO Tom Stanton blames 'tightening spending environment' for profit dip, flat sales. Adtran Inc.'s second-quarter earnings fell 43% as the company's revenue declined and costs rose. Adtran Chief Executive Tom Stanton said the results "reflect a tightening spending environment."The...
Financials
Microsoft to record $6.2 billion goodwill writedown in Q4
Software giant says writedown largely result of 2007 acquisition of aQuantive. Microsoft Corp. said it will record a $6.2 billion goodwill writedown in its online services division, to be recorded in its fiscal fourth quarter. It added that it...
Financials
TeliaSonera has acquired 85.6% of TEO
TeliaSonera, who launched a voluntary takeover bid to acquire all the outstanding shares in TEO LT, continues to purchase shares through open market transactions. As of June 25 TeliaSonera now holds 85.6 per cent of TEO LT. The...
Financials
America Movil raises stake in KPN to 7.3%
Mexican telco bought more shares in four separate transactions. Mexican mobile giant America Movil late Monday said it has further increased its stake in Dutch telecommunications firm Royal KPN NV to 7.3%.America Movil, controlled by billionaire Carlos Slim,...
Financials
Telefonica to sell 4.56% China Unicom stake to parent
€1.13 billion deal will see Spanish incumbent lower its holding to 5.01%. Telefonica SA said Sunday it has agreed to sell a 4.56% stake in China Unicom (Hong Kong) Limited to China United Network Communications Group Co. Ltd...
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