It seems the phenomenon of the moment, because in Japan, usually known for i-mode mobile phones the last battle is fought on the front of ADSL for broadband Internet connections. Last month shook the market was the announcement by Softbank, the first Internet fund the rising sun, in regard to its entry in the market for ADSL Internet connection. Softbank offers a fast connection at a price equal to about half of the competitors. Offer that leaves most skeptical analysts who see the horizon the possibility of a new race to the bottom in prices, causing a thinning of profitability. Now the surprise is that Sony, through its subsidiary So-Net, decided to land itself in the broadband business by offering Internet connectivity. The offer will start on August 15 promises to be very competitive, even if it is not yet possible to compare the tariff Softbank.
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Lord George Simpson, chief executive of the British group Marconi, has defended the group’s strategic choices facing the General Assembly of Shareholders. Simpson said that customer demand related to the Internet, telecom and broadband remains high and that the company still expects to generate positive cash flows for the year. However, the company will have to affrontrare a “business revolution”, which should last no more than two months. About Marconi’s decision to issue a profit warning in early July, Simpson believed before that he had done enough to counter the slowdown in the sector and did not expect market conditions could deteriorate so quickly. Simpson has also reiterated that there will be other acquisitions for the current year. The succession of Simpson, Marconi provides a place not before the General Assembly of 2002. Title Marconi at this time gives 2.01% to 98 pence.
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They are lively exchanges on the title Italfondiario, whose controlling stake was sold by Centrobanca to a group of entrepreneurs Emiliani. The market is only interested residual op to be launched on the floating bag. At the moment the title earns a 5.50% share of EUR 6.
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remains negative performance in January of Magneti Marelli, which technically is affected by riaccumulazione phase lasted about a year. But in recent sessions is rising again, which brought the title to the current share of 4.05 euros (+8.46% over the previous Monday). Magneti Marelli, a holding company operating in industrial and automotive components, has recently closed the year ‘99 with a consolidated net assets of 107 million and revenue growth of 7.1%. The positive results are the result of both the profound rationalization of the portfolio of assets (for the strengthening of selected areas of business) is undertaking in new acquisitions (Viasat and Midas) and launching new products. According to the manager of a sim Turin, the value of the title will incorporate short-term improvements so far the company’s operational plan.
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Booster Cir: the title that year to date rose by 2.36%, is currently realizing a gain of 3%. The good performance of the title, which has also fueled the rise of the parent Cofide (+2%) is attributable to the birth of Cirlab, the future Silicon Valley created by Italian Rodolfo De Benedetti in late November. The ‘incubator’ should begin operations later this year with the launch of six Internet companies operating in business-to-business and WAP. Meanwhile, the CIR has been the staff of the summit, which will be headed by Gordon Anderson in Milan and Giacomo Marini at the headquarters in Palo Alto.
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Another bad day for Pop Milano, looking for partners with whom to form alliances. Currently we are studying a plan of merger with Pop Novara but obviously the transaction is not appreciated by the market. “Pop does not shine for profitability Novara and Milan would not make good business acquiring. Novara can also count on 160,000 members, a number much higher than the average of the system and would not accept that management of Pop Milano to put a hand to restructure “said Romualdo Piattelli, an analyst with Banca Leonardo. At the moment the titles of both banks mentioned blaming a decline of about 1 .5%.
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The company announced the formation of Tiscali Tiscali Advertising Division, which will take the role as concessionaire for the collection of online advertising portal www.tiscalinet.it and all website linked to it. In this business there is a growing space and Renato Soru has not done so missed the opportunity.
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Following the successful debut of T-Online and ‘back in part to shine sunlight on the technology market in Germany. Analysts had talked about this debut as a litmus test for the health of the market. “We think the correction is over on tito technology,” said Lehman Brothers analyst Brian Skiba, “in particular have a buy rating on Intershop, the Neuer Markt companies engaged in the internet business to business and software, the company that is melting with SAP. “
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No U.S. market for Orange, which, through an official, denied this afternoon’s press reports that indicated in talks with several U.S. operators to launch GSM services overseas. For the French group, whose parent company France Telecom, there is no intent in this direction and the core business remains focused on Europe. At this moment the title Orange is gaining 0.36%.
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The Neuer Markt closed -2.5% at 5625 points by recovering part of the losses this morning. Forte realization for T-Online, which closed at 37.22 euros, scoring +35%, while Lycos Europe closes to +7%. Still hurts but the group’s business to business Internet Intershop that closes the session to-3%.
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