|
|
 |
Sep 13, 2005
Telecommunications
Regulators Move Ahead on 2 Phone Mergers: 9/12
The head of the Federal Communications Commission has asked agency staff to draft orders approving two big phone company mergers -- SBC Communications Inc. with AT&T, and Verizon Communications Inc. with MCI Inc. FCC chairman Kevin Martin wants the commission to take a final vote on the deals next month, two people with firsthand knowledge of the issue said Monday. They were authorized to speak about the drafts only on the condition of anonymity. The sources would not say what conditions might be placed on the mergers to ensure competition is not compromised.
http://www.herald-sun.com/business/21-645724.html
Motricity's Fuel, '05 Premium Mobile Content Platform of the Yr: Carolina Newswire, 9/12
Frost & Sullivan, in its recent analysis, U.S. Premium Mobile Downloadable Content and Applications, selected Motricity, Inc. as the recipient of the 2005 Premium Mobile Content Platform of the Year Award for its end-to-end content management platform, Fuel.
Motricity has effectively addressed all the key concerns of mobile operators through Fuel and has emerged as a key platform partner for mobile operators in their premium mobile data initiatives.
Each year, Frost & Sullivan presents this Award to the company that has made the maximum impact in driving the premium mobile content business in the United States. The Award acknowledges the technological and functional capabilities of the company's platform, and also highlights the ability of the solution to successfully address mobile operators' key requirements of sourcing, managing and delivering content across multiple technologies effectively.
http://carolinanewswire.com/news/News.cgi?database=headlines%2edb&command=viewone&id=5972&op=t
Tap Root Raises $6.5M: News & Observer, 9/13
TapRoot Systems, a Morrisville developer of software for cell phones, won its second infusion of venture capital, this time to help adapt cell phones to make calls over the Internet. The $6.5 million comes on top of an earlier commitment up to $7 million last year. TapRoot tapped into only $4 million of last year's venture capital, leaving $3 million untouched. TapRoot, founded in 2000, plans to double its staff to about 100 people by mid-2006. Most will be based at the Aerial Center business park in Morrisville; between 20 and 30 will work in London and Taiwan. Internet calling already exists for landline phones, popularized by companies such as Vonage, but the wireless version of Internet calling is still in the umbilical stage. The appeal of Internet calling -- called Voice over Internet Protocol or VoIP -- is the ability to send phone calls by the same route as e-mail, thereby reducing the cost. "If you can bypass the wireless network, then you can make phone calls almost for free," said TapRoot chief executive Hugh Thomas. About 80 percent of all advanced cell phones -- models with e-mail and Web browsing capability -- run on an operating system called Symbian, for which TapRoot specializes in writing software. "TapRoot has the largest collection of Symbian-based programmers in North America," said Mitch Mumma, a TapRoot board member and general partner with Intersouth Partners, a Durham venture capital firm that invested in TapRoot last year. "They're building on that expertise."
http://www.newsobserver.com/business/story/2794489p-9235042c.html
Alltell Swaps Rural Markets W/ US Cellular in $50M Deal: RCR Wireless, 9/13
Alltel Corp. reported a deal with U.S. Cellular Corp. to swap 15 rural markets in Nebraska and Kansas that Alltel acquired when it purchased Western Wireless Corp. for two Rural Service Area markets in Idaho currently operated by U.S. Cellular and $50 million in cash. Alltel will receive cellular licenses covering 500,000 potential customers in Idaho RSAs 5 and 6; 91,000 retail customers; 84 cell sites; six company-owned retail locations; and 32 authorized agents. The carrier said the pair of markets include 20 counties in southeastern Idaho that are adjacent to current operations.
http://rcrnews.com/news.cms?newsId=24100
Technology
Oracle to Buy Rival Siebel Systems: News & Observer, 9/13
O racle is buying hobbled Siebel Systems for about $5.85 billion, eliminating another competitor in its campaign to grab market share from business applications software leader SAP. Under the terms of the deal, Oracle will pay $10.66 a share in cash or stock for Siebel, whose products help manage companies' relations with customers. The price represented a 17 percent premium from Siebel's market value entering Monday. Despite four years of flagging fortunes, Siebel still has $2.24 billion in cash, reducing Oracle's net takeover cost to $3.6 billion.
http://www.newsobserver.com/business/story/2794477p-9234919c.html
Events
TechJournal Fall Deck Party
10/20, NCSU Centennial Campus
The DeckParty is the largest pure technology business networking event in North Carolina with over 500 senior executives and professionals from the regional technology and investment community expected to attend this free event.
http://triangletechjournal.com/calendar/view_entry.php?id=52&date=20051020
Posted at 02:09 pm by LPossiel
Permalink
Sep 12, 2005
Banking
Wachovia to Buy Westcorp, WFS In a $3.91B Transaction: WSJ, 9/12
Wachovia Corp. agreed to buy automobile-financing company Westcorp Inc. for $3.42 billion to expand its auto-finance group. The Charlotte bank also plans to purchase WFS Financial Inc., which is majority-owned by Westcorp. Wachovia will acquire the 16% stake of WFS not currently owned by Westcorp for $490 million. The deal will more than double the size of Wachovia's dealer financial services business, making it the nation's ninth-largest auto-loan originator. Wachovia will add about 8,500 automobile dealer clients, about 920,000 individual customers and 19 retail banking offices in Southern California. "This transaction moves our auto finance business to a new level and gives us access to a new set of customers who can benefit from Wachovia's broad offering of financial services," said Ben Jenkins, president of Wachovia's General Bank. "Westcorp and WFS Financial have demonstrated a strong track record of growing revenue and earnings through all economic cycles." The combined auto-finance business will be based in Irvine, Calif., site of Westcorp's current headquarters, and run by WFS Financial's President and Chief Executive Officer Thomas Wolfe, who will report to Carlos Evans, head of Wachovia's wholesale banking division.
http://online.wsj.com/article/0,,SB112652344676937890,00.html?mod=home_whats_news_us
Telecommunications
Sprint Nextel Sells NII Holdings Shares for $375M: RCR News, 9/9
NII Holdings Inc. reported in a Securities and Exchange Commission filing that Sprint Nextel Corp. has agreed to sell 5 million shares of NII's common stock to Bear, Stearns & Co. Inc. for $75.125 per share or a total sales price of $375 million. The deal also includes an option to sell another 750,000 shares of NII stock. NII Holdings previously was a subsidiary of Nextel Communications Inc. before being spun off, though Sprint Nextel still controlled approximately 16 percent of NII's stock before the latest sale. NII continues to provide international roaming service for Sprint Nextel's iDEN customers.
http://rcrnews.com/news.cms?newsId=24067
Digicel Gains Approval in St Lucia for Cingular Buy: RCR News, 9/8
CASTRIES, St. Lucia-Caribbean mobile-phone operator Digicel Group said the government of St. Lucia has approved its acquisition of Cingular Wireless L.L.C.'s operation on the island, which is home to about 166,000 people. Digicel, a GSM carrier, has plans to acquire Cingular's operations in Bermuda and the Caribbean as well as part of its vision to establish a seamless pan-Caribbean wireless network. The company has operations in Aruba, Barbados, the Cayman Islands, Curacao, Grenada, Haiti, Jamaica, St. Lucia, St. Vincent and the Grenadines and Trinidad and Tobago.
http://rcrnews.com/news.cms?newsId=24039
Downtown Durham
Bienvenidos
Downtown residents and workers now can grab breakfast or lunch at El Guajillos Mexican Grill, which opened last week in the former Latin Grill space at 325 W. Main St. The restaurant, named after a dried chili pepper, is open from 7 a.m. to 5 p.m. For breakfast, it's serving up dishes such as beef or chicken omelets, scrambled eggs with Mexican sausage and eggs with salsa ranchera. For lunch, there are big steak and grilled chicken burritos, nachos, tortas (a Mexican dish kind of like a sandwich) and huaraches. The last dish serves chicken, beef, lettuce and sour cream on top of an elongated, grilled tortilla. By the way, El Guajillos' owner, Javier Onate, also is a part owner in Durham's two El Rodeo restaurants.
Posted at 10:13 am by LPossiel
Permalink
Sep 9, 2005
Telecommunications
Wireless Tech to Be Deployed For Katrina: Herald Sun, 9/8
A high-speed wireless networking technology that's still being tested around the world will be deployed at an evacuation shelter and other spots on the U.S. Gulf Coast hit by Hurricane Katrina. The technology called WiMax will bring the Internet to remote areas where the existing infrastructure has been destroyed or never existed. The network will be used for Internet telephone service and information exchange.
http://www.herald-sun.com/business/21-644712.html
Insurance
BCBS Give Money to Clothe Katrina Evacuees: Triangle Business Journal, 9/9
Blue Cross and Blue Shield of North Carolina has donated $180 per person for new clothing and shoes for Hurricane Katrina evacuees now staying in Raleigh.
"It is hard for all of us to imagine having our belongings reduced to one change of clothes, a jacket and a pair of shoes," CEO Bob Greczyn said in a news release. "We hope this donation will help these people -- our new neighbors -- as they begin to cope with this awful tragedy."
The Chapel Hill-based not-for-profit, now in the middle of its annual United Way campaign, also announced that if its employees' campaign meets the $575,000 goal, Blue Cross and Blue Shield will donate an additional $100,000 to the American Red Cross' relief effort.
Posted at 02:59 pm by LPossiel
Permalink
Sep 8, 2005
Telecommunications
GSM Hits $1.5B Customers: Wireless Week, 9/8
GSM continues to take hold around the world, with the technology attracting 1.46 billion customers by the close of the second quarter, 3G Americas reports. GSM reached 1 billion customers during the first quarter of this year.
In the past year, 347.2 million new GSM customers were signed up around the globe, with the Americas posting the biggest gains, with 79.4 million new subscribers. In the high-speed sector, there were close to 100 commercial EDGE networks up and running throughout countries around the world, with nearly half of those networks operating in the Americas.
http://www.wirelessweek.com/article/CA6255347.html
Ebay in talks to Buy Skype: WSJ, 9/8
EBay Inc. is in talks to acquire Internet-telephony company Skype Technologies SA for $2 billion to $3 billion, according to people familiar with the matter, in a deal that would represent a dramatic shift in strategy for the world's largest online auction site.The talks are in a sensitive stage and could fall apart, according to one person briefed on the matter. Luxembourg-based Skype, whose software allows consumers to make free telephone calls around the world using Internet technology, has been in active discussions with other technology companies, and none has led to a deal.
But the emergence of eBay as a suitor reveals a lot about the auction leader's growth prospects and strategy. While still dominating its field, eBay's core business is maturing, and the company is searching for new product categories and international markets. The company has made a steady string of acquisitions and investments over the last year and a half to enter markets such as rental-property listings, online classified-ad listings and comparison shopping.
EBay's stock price has languished during the past 12 months, and yesterday closed at $40.46 a share, giving it a market capitalization of nearly $55 billion.
http://online.wsj.com/article/0,,SB112615385922335028,00.html?mod=home_whats_news_us
Sprint Nextel Implements Pricing and Billing Relief Plan for Customers Impacted: TMC.Net, 9/7
Sprint Nextel (NYSE:S) today announced it has implemented a pricing and billing relief plan for customers directly impacted by Hurricane Katrina.
Sprint Nextel will automatically issue credits for monthly service for its wireless customers in the areas hardest hit by the hurricane. In addition, wireless customers in the affected areas will receive free long distance calling, roaming and text messaging and overage charges will not be applied. Sprint Nextel will be contacting customers via text message throughout the week to communicate the billing relief plans specific to them. Customers should contact Sprint Nextel Customer Care directly for eligibility information, questions or concerns. -0- *T -- Sprint PCS subscribers: 888-211-4727 -- Nextel subscribers: 800-639-6111 -- Sprint Nextel ecare: www.sprint.com/hurricaneinfo *T
http://www.tmcnet.com/usubmit/2005/sep/1179869.htm
Durham
Developers Buy Into Vision For 'Vibrant' Corner Near Post Office: Herald Sun, 9/7
John Warasila is sinking his teeth -- and his money -- into one small corner of downtown Durham.
With the purchase of the Bargain and Central furniture buildings on East Chapel Hill Street last month, the Durham architect and his investment partners now own six properties within a one-block radius of Warasila's office at 204 Rigsbee Ave.
And Warasila envisions building a community around the post office where Durham residents can take in a concert at the CCB Plaza, dine at a nearby restaurant and live and work in spaces above ground-floor storefronts.
"It's potentially going to be a vibrant neighborhood," he said.
The Bargain Furniture building could be ready for tenants in the spring, with new business and residential occupants moving in by the summer or fall of 2006. The Center building will probably be developed along the same time frame.
Meanwhile, a dozen condominiums at The Eleanor on Rigsbee Avenue could have tenants moving in early this spring. Warasila has different investors for that project and another project at 405 E. Chapel Hill St.
http://www.herald-sun.com/business/21-644329.html
Banking
Ca Bank Adds Smart Online Services: LTW, 9/8
Union Bank of California is the latest client to offer small business services through RTP-based Smart Online.
The bank’s small business resource center now offers links to services ranging from online loans to insurance services as well as private-labeled Smart Online offerings,
"Union Bank of California is committed to providing our small business customers with a broad range of innovative products and services to assist them with their business goals - the result is increased customer satisfaction and reduced attrition over the long-term," said Christy Schmitt, a bank executive. "Since implementing our Small Business Resource Center online, we've not only been able to provide our customers with easy-to-use, cost-effective business tools and resources, but we've also integrated UBOC's own online application and look forward to providing additional online banking and accounting capabilities in the future."
http://localtechwire.com/article.cfm?u=12229
Posted at 04:20 pm by LPossiel
Permalink
Sep 6, 2005
Technology
Cree Achieves New Standard in LED Brightness: LTW, 9/6
Cree (Nasdaq: CREE) is achieving new levels of brightness with its light-emitting diodes.
The company said Friday that its white XLamp 7090 Power LED line recently achieved up to 86 lumens per watt, a 43 percent increase over current LEDs.
"These performance results indicate that the LED industry is at least two years closer to achieving the holy grail of 150 lumens per watt," said Steve Johnson, head of the Lighting Research Group at Lawrence Berkeley National Laboratory, in a statement from Cree. "Cree's announcement today means the LED industry is advancing brightness at a far greater pace than anticipated, which is great news for the lighting world."
http://localtechwire.com/article.cfm?u=12209
Telecommunications
Wireless Startup in HI Picks Nortel Infrastructure: LTW, 9/6
Coral Wireless, a new provider of wireless services in Hawaii, will use Nortel (NYSE: NT) hardware and services for its forthcoming wireless broadband network.
Coral’s personal communication service (PCS) network will utilize CDMA2000 1X infrastructure offerings from Nortel. The network is scheduled to go online early in 2006. The CDMA (code division multiple access) network offerings data speeds up to 144 KBPS per second.
Coral plans to offer “unlimited” voice and data plans starting around $50 per month.
http://localtechwire.com/article.cfm?u=12206
Motorola Heads Straight For Mobile WiMax: TechWorld, 9/2
Motorola is moving aggressively toward the next generation of WiMax wireless broadband, gearing up to introduce two product lines without waiting for the WiMax Forum to finish specifications for the technology. The vendor is bypassing completely the first form of WiMax, intended solely for broadband services to fixed client devices, and is already developing a portfolio called Moto Wi4 based on the IEEE 802.16e standard, which ultimately will allow mobile access, said senior marketing manager Paul Sergeant.
http://www.techworld.com/mobility/news/index.cfm?NewsID=4326&Page=1&pagePos=12&inkc=0
MCI Unit To Launch Car Tracking Device For Parents of Teen Drivers: Potomac Tech, 9/6
Ashburn-based MCI said on Tuesday that its SkyTel unit has launched a new vehicle-tracking device marketed to parents of teenage drivers. The device, which is priced at $300-$350, uses wireless and GPS technologies to automatically collect location, speed and other vehicle information and relay that information to a web site.
http://www.skytel.com/products/skyguard_home.htm
Sprint to Sponsor Half TIme Show: Media Buyer Planner, 9/6
Sprint will sponsor this year's Super Bowl halftime show, as the newly merged telecom giant looks to build on a recent $600 million NFL deal, Mediaweek reports. Ameriquest Mortgage, sponsor of last year's Super Bowl halftime show, had a one year deal with a two-year option, which sources said was not picked up this season by mutual agreement. Halftime sponsorship rights, which this year was valued about $10 million, were likely part of the $300 million in the "rights fees" portion of Sprint's NFL deal, said analysts. The pact already includes sponsorship of the Sept. 8 Opening Kickoff fest on ABC, which will also televise the big game.
http://www.mediabuyerplanner.com/2005/09/06/sprint_to_sponsor_super_bowl/index.php
Sprint, Verizon Face off on High Speed Wireless Pricing, Kansas City Star, 9/6
Sprint Nextel Corp. has lower prices for high-speed wireless Internet connections that counter a new initiative by rival Verizon Wireless. A week ago, Verizon said it had expanded its broadband access to a total of 62 markets across the country and lowered prices by 25 percent to $59.99 a month for unlimited usage. In its announcement a few days later about a new branding campaign and a new lineup of services, Sprint said it was offering free connection cards to some customers and the same lowered prices as Verizon for a similar high-speed Internet service. In addition, Sprint executives said, a plan that offers varying prices depending on service usage was launched about three months ago.
http://www.kansascity.com/mld/kansascity/12568193.htm
Sprint Nextel Can Roll W/ New Brand:Wireless Week, 9/6
Sprint Nextel recorded a partial victory in its battle with Nextel Partners after an arbitration panel denied Nextel Partners' request to block Sprint Nextel's rollout of its new Sprint brand nationally. Nextel Partners is not completely defeated, however, in that the panel suggested a Sprint Nextel decision to roll out the brand without the inclusion of Nextel Partners could violate non-discrimination provisions of the companies' joint venture agreement, a Nextel Partners' Securities and Exchange Commission (SEC) filing says.
http://www.wirelessweek.com/article/CA6254217.html
Posted at 04:40 pm by LPossiel
Permalink
Sep 2, 2005
Have a safe & wonderful labor day weekend!
Telecommunications
SBC May Use the AT&T Name As It Looks for National Profile, WSJ, 9/1
The AT&T corporate name may not be dead after all. SBC Communications Inc., which has been debating what to do with the AT&T Corp. name after its acquisition of the long-distance company is approved, is now leaning toward calling itself by the name of its former parent, people familiar with the situation say. A final decision hasn't been reached, and SBC executives could still decide to keep the SBC name or come up with a new name altogether, these people said. San Antonio-based SBC has been debating its name choice since the regional Bell company successfully made a bid for AT&T for $16 billion at the beginning of this year. But switching to AT&T has become the company's preference at the moment, in part because the SBC brand isn't easily recognized outside the company's home territory. That was all right when SBC was simply a regional phone company serving big chunks of the West Coast, Southwest and Midwest, including California, Texas and Illinois. But now, with the pending acquisition of AT&T and its valued long-distance business, SBC is aspiring to become a national and even international telecommunications provider. Its main competitor will be Verizon Communications Inc., another company formed in the 1984 AT&T breakup that recently acquired long-distance carrier MCI Inc.
http://online.wsj.com/article/0,,SB112552935412328422,00.html?mod=mm%5Fmedia%5Fmarketing%5Fhs%5Fleft
Ericsson Division to Relocate from Rockville to NC: Potomac Tech, 9/2
Rockville, Md. -- Ericsson Internet Protocol Infrastructure (IPI), a division of the wireless technology giant that provides Internet routing products for operators and service provider networks, said on Friday that it will relocate its headquarters, as well as research and development operations, from Rockville, Md., to North Carolina. The headquarters will be located at North Carolina State University, where the company will hire 45 additional employees by 2006, in addition to its current staff of 30. The company said that it expects to build up the facility to 100 employees over the next few years. Ericsson collaborates with N.C.http://tinyurl.com/7hj3c
Sprint Nextel to Stress Choice in Mkt: Cellular News, 9/1
In pushing its new combined brand, Sprint Nextel Inc. (S) will emphasize the breadth of choices in wireless service plans and features available from the company.
"It's about empowering the consumer," Sprint Chief Operating Officer Len Lauer said in an interview with Dow Jones Newswires. "It's about choice versus bigness."
On Friday, Sprint will unveil its new dual identity with a marketing campaign as it tries to sell consumers on the combination between Sprint and Nextel.
By stressing choice, the company will be playing to Sprint's strength in offering a variety of service plans, including the "Fair and Flexible" program that won over customers. It also deviates from Cingular Wireless's strategy of promoting the size of its combined network after its own merger with AT&T Wireless. Cingular is the largest wireless carrier by subscriber base, while Sprint ranks third.
Programs such as the Fair and Flexible plan, as well as free incoming calls and the early night options, will be available to both Sprint and Nextel customers. They will also be able to switch between Sprint and Nextel plans without any fees.
http://www.cellular-news.com/story/13932.php
Technology
Misys & Scandant Announce Formation of Professional Services Competency Centre: 9/1
Scandent Solutions (Scandent) and Misys Banking Systems (Misys), one of the world's
leading providers of financial technology solutions, are today pleased to
announce the signing of a new strategic partnership agreement. The partnership enables Scandent to establish a professional services "competency centre" in India dedicated to offering trained consulting
services on the Misys Midas Plus suite of products, thereby enhancing the
expertise of the professional services arm of Misys' wholesale banking business.
http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/09-01-2005/0004098052&EDATE=
Posted at 02:25 pm by LPossiel
Permalink
Sep 1, 2005
Telecommunications
Sprint May Follow Verizon W/ Price Cuts: Reuters, 8/31
Sprint Nextel Corp. could cut the price of its high-speed wireless service after bigger rival Verizon Wireless slashed its price by 25 percent, a top Sprint executive suggested on Wednesday. Sprint Nextel, the No. 3 U.S. mobile phone service, began selling high-speed wireless services to laptop computers in some markets for about $80 a month and expects the service to be available to half of the U.S. population by early 2006. The No. 2 U.S. mobile operator Verizon Wireless, a venture of Verizon Communications Inc. and Vodafone Group Plc, already offers similar services in more than a third of the country. It said on Monday it was cutting the price of its high-speed laptop service to $59.99 from $79.99 a month. "We will quickly have a competitive response," Sprint's chief operating officer Len Lauer said in an interview without giving details on the timing or the extent of that response.
http://today.reuters.co.uk/news/newsArticle.aspx?type=internetNews&storyID=2005-08-31T193830Z_01_MCC170717_RTRIDST_0_OUKIN-UK-TELECOMS-SPRINT-DATA.XML
Sprint Ads Say, 'Yes You Can"Adweek, 9/1
Sprint Nextel on Thursday kicks off a major campaign to introduce the new Sprint brand. The tagline is, "Yes you can." The effort, which includes TV spots, print and banner ads, billboards, direct mail and retail collateral, is backed by more than $400 million in spending, according to sources.
Omnicom Group's TBWA\Chiat\Day in New York, which the client selected in June to handle consumer-directed ads, produced the lion's share of the work. Business-to-business ads came from Publicis Groupe's Publicis & Hal Riney in San Francisco.
http://www.adweek.com/aw/national/article_display.jsp?vnu_content_id=1001053020
Competition
Maverick Marketing Expands Office & Team: Carolina Newswire, 8/31
Maverick Marketing today announced it has increased office space at its Cary location, added two new team members and promoted Alicia Smith to better accommodate its expanding client base.
"Maverick is growing at an amazing pace," said Scott Place, president of Maverick Marketing. "Having these experienced and creative individuals join our team will help us continue delivering quality work to our clients."
Alicia Smith has been promoted to director of strategic services from senior consultant. In her new position, she will ensure that the Maverick team is thinking, acting and working for clients in a way that strategically aligns marketing programs with business needs. Smith has been a part of the Maverick team since the company was founded in 2001.
http://carolinanewswire.com/news/News.cgi?database=headlines%2edb&command=viewone&id=5822&op=t
Media
Seifert Submits 'Code of Ethics': Adweek, 9/1
In an 18-page code of ethics submitted to U.S. District Court Judge Richard M. Berman yesterday, former Ogilvy & Mather executive Shona Seifert warns ad agencies that "government policies and practices are extremely complex ... Don't take a government contract if your agency is not well versed in all the regulations."
The document is part of the sentence Berman levied in July after concluding that "a slippage in ethics" was at the heart of a scheme masterminded by Seifert and co-defendant Thomas Early to overbill the White House's Office of National Drug Control Policy for marketing services.
http://www.adweek.com/aw/national/article_display.jsp?vnu_content_id=1001053060
Posted at 02:13 pm by LPossiel
Permalink
Aug 31, 2005
Skincare
Avon Works Out the Wrinkles: WSJ, 8/31
After half a decade of heady growth, the world's leading direct seller of beauty products is showing some blemishes. Avon Products Inc. has been watching its U.S. revenue shrink for a year, and more recently sales momentum from overseas markets has slowed. Management is reviewing its ambitious long-term forecasts and will give new financial guidance this fall. But to Andrea Jung, Avon's chairman and chief executive, the slowdown is no more than "a speed bump." The 46-year-old executive says Avon's rebound is "going to take more investment, more technology," but she believes revenue growth in the high single digits is achievable in the coming years and that earnings per share will top $2 in 2005, up from $1.77 last year. To get back on the fast track amid growing competition in the beauty sector, the iconic marketer of women's products, with its 4.9 million sales representatives in more than 120 countries, is introducing new products and boosting sales-incentive programs. At the same time, it is ratcheting up marketing spending, potentially driving operating margins lower in the short term.
http://online.wsj.com/article/0,,SB112544695996327303,00.html?mod=mm%5Fmedia%5Fmarketing%5Fhs%5Fleft
Telecommunications
Toshiba Unveils Pay Per Use Mobile Internet Service: Wireless Week, 8/31
Toshiba's Digital Products Division is offering its MyConnect mobile Internet access customers the ability to pay by the hour, instead of having to pay a flat monthly fee. The company is charging $3.95 per hour and plans to tabulate a customer's bill in 30-day blocks by rounding up to the nearest hour of use. The pay-per-use MyConnect service provides unlimited Wi-Fi access, but does not require customers to use the service each month to take advantage of the hourly rate.
http://www.wirelessweek.com/article/CA6252926.html
Posted at 02:18 pm by LPossiel
Permalink
Aug 30, 2005
Telecommunications
Japan, China to Collaborate on 4G Mobile: Internet Week, 8/29
Japan and China have signed an agreement to develop and standardize 4G mobile phones, according to Japan's Ministry of Internal Affairs and Communications (MIC).
The agreement was signed by Feng Jichun, director-general of the China's Ministry of Science and Technology (MOST), and Kazuhiro Suda, director-general of the Japanese agency. Though MIC has collaborated previously with China's Ministry of Information Industry, this is the first time the two agencies have worked together. MOST has jurisdiction over new technology development in China, according to a Japanese official.
4G standardization efforts are expected to increase after 2007. In anticipation, Japan and China intend to collaborate, said the Japanese official.
The memorandum of understanding also includes an annual information exchange meeting and an annual forum bringing together industrial, academic and government sectors from Japan, China and South Korea
http://www.internetweek.com/news/170101497;jsessionid=SOAJY5MP4PNBGQSNDBCCKH0CJUMEKJVN
Next Web Buys Fixed-Wireless Provider: Wireless Week, 8/30
California-based fixed-wireless Internet provider NextWeb is strengthening its position in the pre-WiMAX broadband sector with the purchase of rival 1st Universe.
Although terms of the deal were not disclosed, NextWeb believes the acquisition represents the "largest cash acquisition in the fixed-wireless broadband industry." NextWeb was attracted to 1st Universe because it serves Orange County, Calif., which when combined with Los Angeles, represents the largest business market in the country, according to the 2001 U.S. Census Bureau, County Business Patterns report.
The acquisition comes on the heels of recently secured funds. Last week, the company said it planned to use a portion of its $3.5 million infusion to finance additional purchases. The company also named Steve Button as CFO last week. http://www.wirelessweek.com/article/CA6252640.html
Sprint Nextel Buys Affiliates: Wireless Week, 8/30
Sprint Nextel Corporation has successfully wiped out another pending lawsuit against the company by snatching up Gulf Coast Wireless. The company also is buying another affiliate, IWO Holdings. Gulf Coast Wireless' assets will cost Sprint Nextel roughly $287.5 million, which includes the assumption of the affiliate's debt. The deal will bring more than 95,000 PCS customers into the Sprint Nextel fold as direct subscribers. As part of the agreement, Gulf Coast Wireless has requested a stay of litigation pending against Sprint in Louisiana. The deal, which is subject to regulatory approvals, is expected to close before the end of the year. Separately, Sprint Nextel made a deal to acquire IWO Holdings for approximately $427 million. IWO's 237,000 PCS customers will become direct subscribers of Sprint Nextel as a result of the acquisition. The $427 million purchase price includes the assumption of $208 million in debt. IWO serves PCS customers in upstate New York, New Hampshire, Vermont and pockets of Massachusetts and Pennsylvania. http://www.wirelessweek.com/article/CA6252642.html
Verizon Slashes Wireless Costs : Red Herring, 8/30
Verizon Wireless joined its parent Verizon on Monday in cutting the price of broadband services and effectively blunting the charge of competitive technologies, which in this case would be municipal Wi-Fi and WiMAX. Verizon Wireless, which is owned by Verizon, the largest landline carrier in the United States, and Vodafone, one of the world’s largest wireless carriers, is cutting the price of its evolution-data optimized (EV-DO) service by 25 percent. The company will also add seven new markets to its coverage area. That would bring the carrier closer to its goal of covering half of the U.S. by the end of the year.
http://www.redherring.com/Article.aspx?a=13366&hed=Verizon+Slashes+Wireless+Costs§or=Industries&subsector=Communications
AOL Adopts Broadband Strategy: Black Enterprise,
Using dial-up to surf the Web may soon go the way of the floppy disk. Just like durable memory devices such as flash drives and CD-ROMs have lessened reliance on floppies; lower-priced digital subscriber line service for home use is threatening the dominance of dial-up service. AOL isn't sitting on the sidelines as cheaper and faster technology threatens to erode its market share. In June, the company launched a prototype of AOL.com-a Web portal that gives visitors access to thousands of videos, XM Satellite Radio stations, concert feeds, and online communities like Black Voices.
“What separates AOL.com from other sites is that it was built for a broadband audience,” says Tricia Primrose, AOL's vice president of corporate communications. “We want people to spend more time on our site, which is really significant for us to increase traffic and increase our ad revenue.”
http://www.blackenterprise.com/exclusivesekopen.asp?id=1291
Posted at 04:34 pm by LPossiel
Permalink
Aug 29, 2005
Hispanic
Hispanics Drawing West Coast Telecom to NC: Triangle Business Journal, 8/26
Aiming to capitalize on North Carolina's fast-growing Hispanic population, a San Diego phone company that almost exclusively serves Spanish-speaking customers is seeking to launch local and long-distance services in the state. Vycera Communications, which serves about 50,000 customers, mostly on the West Coast, has filed with state regulators for permission to serve customers in the Triangle, Charlotte and Greensboro. http://triangle.bizjournals.com/triangle/stories/2005/08/29/story1.html
Banking
Low-rate Home Loans Elude Hispanics: Hispanic Business, 8/29
Hispanics also struggled to get market-rate home purchase loans last year.
The largest lenders charged Hispanics a high interest rate more than twice as often as whites, the Charlotte Observer found.
Disparities were largest in California and the Southwes and the Northeast.
Hispanics encounter some of the same barriers as African Americans. Studies show they can face discrimination; on average they are more likely to have financial problems; and they are less knowledgeable about the home-buying process.
Community advocates say the largest problem, however, is that traditional lenders have only recently started seeking out Hispanic customers.
http://www.hispanicbusiness.com/news/newsbyid.asp?id=25089&cat=Headlines&more=/news/more-news.asp
Media
Nielsen Media: Hispanic TV Households Rise: Marketing y Medios, 8/26
The total number of TV households increased 0.5 percent to 110.2 million, according to Nielsen Media Research’s new universe estimates for the 2005-2006 TV season, released Thursday.
Nielsen also reported the increases among ethnic populations were even more pronounced than the general population. Hispanic households increased 2.9 percent to 11.2 million. African-American TV households are up 0.8 percent to 13.3 million and Asian TV households increased 3.2 percent to 4.2 million.
http://www.marketingymedios.com/marketingymedios/noticias/article_display.jsp?vnu_content_id=1001022613
Special Report on the US Based Latin American Cable Industry: HMW, 8/29
Cable companies are reaching out more to US Hispanics because growth in the nation’s overall market is reaching saturation. About 80 percent of all US homes subscribe to pay television. Meanwhile, nearly half of the 11 million Hispanic households in the US have cable television but less than 15 percent of them subscribe to Spanish-language programming packages, says Jorge Fiterre, a partner at Miami-based Condista, which distributes Latin American channels in the US. Hispanics tend to buy the larger digital packages because they have significantly more mostly-English programming. There are more than 50 cable and satellite networks that cater specifically to the US Hispanic market, but distribution is still limited. Some cable networks aimed at US Hispanics could find it increasingly difficult to earn the revenue to buy satellite service and program and promote their networks. Add to that the lack of ratings for many of the channels, and some of them could fold, Fiterre believes.
http://www.hmweekly.com/issues/9_35/special_report/148545-1.phtml
Posted at 03:14 pm by LPossiel
Permalink
|