| fran ilich on 3 Mar 2001 18:38:49 -0000 |
[Date Prev] [Date Next] [Thread Prev] [Thread Next] [Date Index] [Thread Index]
| [nettime-lat] telefonica y latinoamerica. |
---------- From: "geert lovink" <[email protected]> Date: Sat, 3 Mar 2001 10:59:13 +1100 To: "fran ilich" <[email protected]> Subject: for nettime-lat from: thestandard.com's eurogrok latin america again saving european markets...?! /geert TOP GROKS ~~~~~~~~~ Telef�nica takes top billing as tech star By Tim Nott Oh woe, oh misery. The Nasdaq closed at its lowest point since December 1998 on Monday. Reuters alliterated Techs Tumbling, and everybody expected the European markets to follow suit. Except, in general, they didn't. Despite the Neuer Markt closing lower, things were generally much cheerier. Investors boosted Vodafone, according to the Times, as the company said it would pay AT&T 1.45 billion euros for the latter's ten per cent stake in Japan Telecom. In Paris, Ananova reports, techs closed higher, led by Thomson Multimedia, Dassault Systems, Alcatel, and (short fanfare, please) France T�l�com. However, the star of the European show was the Spanish telecommunications group, Telef�nica, which announced a 38.8 per cent growth in net profit, which rose to 2.5 billion euros. Turnover was up 24 per cent and earnings before interest, taxes, depreciation and amortisation was nearly ten per cent up at 11.9 billion euros: around half of this came from the group's Latin American subsidiaries, which showed, in the words of Bloomberg, "booming growth". It also elicited from Dresdner Kleinwort Benson analyst David Wright, the observation that "Latin America is really starting to come through in the group numbers". The mobile arm, M�viles contributed doubly to the group's success, with its flotation earning unspecified but "big" capital gains, according to the Financial Times, and an operating profit of 590 million euros. This helped offset 555 million euro losses at Terra Lycos. Although Telef�nica's debt rose 32 per cent to 27 billion euros, this is still considerably less than that of its French, German and British counterparts. Shares closed 2.73 per cent up on the Madrid stock market yesterday. Nasdaq closes lowest for more than three years http://www.ananova.com/business/story/sm_222215.html German shares close: DAX higher, Neuer Markt lower http://www.ananova.com/business/story/sm_222115.html?menu=business.technolog ynews Paris technology shares close higher as U.S. rate cut hopes boost blue chips http://www.ananova.com/business/story/sm_221989.html?menu=business.technolog ynews Investors boost Vodafone after Japanese deal http://www.thetimes.co.uk/article/0,,5-91585,00.html Telef�nica posts strong profit http://news.ft.com/ft/gx.cgi/ftc?pagename=View&c=Article&cid=FT3AAWH1QJC&liv e=true&tagid=IXLI0L9Z1BC Telefonica 2000 Net Rises 39% on Wireless, Brazil (Update1) http://quote.bloomberg.com/fgcgi.cgi?T=quote/sp/sp_quote_long_news.ht&s=AOpw C0xMaVGVsZWZv Dow Jones et Nasdaq � la baisse http://quotidien.nouvelobs.com/economie/20010228.OBS1954.html?0848 Telef�nica supera a Repsol con un beneficio de 416.764 millones http://www.cincodias.es/scripts/cincodias/noticias/articulo.asp?ntc=204089&a p=2 Telef�nica recurre a los beneficios extraordinarios para seguir como la primera empresa en ganancias http://www.elpais.es/articulo.html?d_date=20010228&xref=20010228elpepieco_5&; type=Tes&anchor=elpepieco _______________________________________________ nettime-lat mailing list [email protected] http://www.nettime.org/cgi-bin/mailman/listinfo/nettime-lat