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As nuclear loss grows, Toshiba needs chip investors, soon

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As nuclear loss grows, Toshiba needs chip investors, soon

European tech investors spot safe havens from Brexit worries

 

European tech investors spot safe havens from Brexit worries

Frankfurt (Reuters) -. Technology investors sought shelter after Brexit picking companies provide direct access to services for web and mobile clients or companies mainly do business worldwide that could benefit from falling kilos

It’s way too Skram hardware makers or email trafficking suppliers with large British sales, which accounts for less currency driven by swinging voice of great Britain to leave the EU.

Shareholder is also cautious for software and services companies get caught short by freezing budgets by customers scrambling to evaluate their businesses and consequent slower economic growth.

Second quarter results starting this week and running in August. The Stoxx European technology index fell 10 percent in the June 23 vote, but has since returned 6.6 percent. It is namely 10.5 percent so far this year, weighed by the slowdown in the global economy is growing smartphone and concern about the global economy.

Brexit playing in a deeper trend in which established technology companies providing traditional hardware, software or services is losing ground to cloud-based businesses, such as corporate spending and consumer appetite shifted to the Web and mobile phones.

“There will be many companies poorly positioned for the cloud that will proclaim Brexit as a timely excuse for their own problems,” said Ben Rogoff, a fund manager at Polar Capital in London

“Let’s be clear here:. This uncertainty takes place against the background of growth, which in any case disappointing These companies will blame Brexit their own misexecution” ..

a recording of the head inligting beamptes in the United States and Europe by Morgan Stanley in June – before Brexit voice – the buyers had already paring back 2016 spending plans for hardware and technical services. Cloud, big data and security remains above bestedingsprioriteite, it found.

After the vote, global market research firm Gartner cut its technology spending outlook for Britain by 3 percent this year and 5 percent in 2017.

safe havens

two UK-based safe havens is ARM Holdings, the chip technology used in most smartphones licenses worldwide, and Sophos, driven by demand for its computer security software and services, most financial analysts say.

US names such as Salesforce.com and Red Hat, with a long-term subscriptions for Internet software supplied little direct exposure to the UK, are safe bets, said Silicon Valley-based analyst Trip Chowdhry. Amazon.com and Apple, while operating in Britain, enjoys strong brands and tough sake subscription models tend to isolate them from any UK slowdown, he said.

Worldwide benefits of spending on its advanced chip aimed ASML Netherlands makes tools from Intel and Taiwan’s TSMC <2330.TW>, along with the positive effects of product sales in dollars, but the discussion of them said in euros, Morgan Stanley.

Europe’s largest software maker, SAP, remains isolated by long sales cycles and an entrenched multinational client base, with little direct exposure to the UK, although the Brexit shock could prove in the last week of June has delayed some new software license trade.

Baader analyst Knut Woller expects SAP later confirm this month its full year 2016 financial targets, “SAP consensus for flat growth licensed in the second quarter, which would be seen to meet as a relief” and the stock handlebar higher, he said.

vulnerable

But the UK online advertising and e-commerce sales by other major American Internet in particular is set to an ultimate hit of slower economic growth and translation pounds in US dollars take breaks for record purpose, said Deutsche Bank analyst Ross Sandler

it includes eBay, with 16 percent of revenue from Britain. Price travel site with an estimated 15 per cent; Google 9.5 percent and Facebook with an estimated 7 to 10 percent linked to Britain, Sandler said.

Eastern European software service EPAM and Luxoft, which heavily rely on contracts of financial services and media customers in Britain and Western Europe, a number of technology stocks hardest hit in the region by worry about how Brexit undermine economic growth. Both stocks are en 15-20 percent in the past month.

Financial software vendors Temenos of Switzerland and the United Kingdom established Fidessa may have trouble closing contracts to reconsider the second half of 2016 as banks their British positions, UBS said.

“While we do not think the UK abandoned” vote is analogous collapse of Lehman, we think it’s probably as banks consider impede the possible implications of the decision-making in Europe, “UBS software analyst Michael Briest said

Dutch car navigation vendor TomTom’s stock has 20 percent immersed in the past month. UK consumers are responsible for 13 percent of sales, with three-quarters of total sales come from Europe, Barclays said <. / p>

“We have challenging times ahead for TomTom based on its exposure to the UK consumer market and the negative impact of foreign currency must TomTomâ ???? Gross have margins, “the Barclays analyst Andrew Gardiner.

TomTom face a double hit because most of what they sell are priced in dollars, making purchases more expensive in Britain.

(Editing by Ruth Pitchford)

Vodafone investors want bigger bid or full takeover by Verizon

 

Vodafone investors want bigger bid or full takeover by Verizon

Six big investors Vodafone said $ 100 billion is not enough for the participation of British society in its U.S. joint venture with Verizon Communications, and urged it to come up with a range of at least $ 120 billion.

Their comments followed a Reuters report Wednesday that Verizon had hired to prepare for a possible bid $ 100 billion to buy 45 percent of Vodafone in their joint venture of Verizon Wireless, which may be structured as a case about advisers 50:50 and stock offer.

If the figure are 100 billion, six shareholders, with about 1.3 billion shares of Vodafone they said they would prefer the British group to insist on a full merger Verizon instead.

The main concern of investors contacted by Reuters was the fact that sales of Verizon Wireless – the best thing about the show later in the Vodafone portfolio -. , the exposure of individuals in European markets in trouble

“Without being too disrespectful mark (Vodafone), sitting with a pretty ugly set of assets once you lose the game Verizon Wireless,” said Ralph Brook-Fox, UK shares manager at Ignis Asset Management, a top 40 institutional shareholder Vodafone.

“I think the merger or the scenario of full recovery, but not at the forefront of discussions at this time, would actually end up being more acceptable agreement.”

Verizon Communications has issued a statement earlier this month to say that he did not intend to merge or make an offer for Vodafone speculation after submission.

The share of Verizon Wireless Vodafone

accounted for about half of the adjusted income of the British group in the six months to end-September 2012, according to financial results.

He also received before the end of 2012, a dividend of £ 2.4 billion on its stake in Verizon Wireless, and said he was going to spend £ 1.5 billion to its shareholders through a buyback program that the importance of participation group.

In the European core of Vodafone operates in operations affected by the crisis and the highly regulated markets such as Italy, Spain and Portugal, where sales have been caused by economic turmoil and intense competition under pressure.

With this in mind, investors contacted by Reuters prefer to bid for participation in between $ 120 billion and $ 135 as acceptable. At its current share price, the market capitalization of all Vodafone is about $ 146 billion.

“I think … $ 120 billion is the point where you think you have a decent premium,” a top 20 shareholder said on condition of anonymity. “I think it is reasonable and if they succeed in this, I think the shares (Vodafone) rise.”

Another big question for Vodafone and its shareholders is the possible tax invoice for the sale of its interest would suffer: between $ 5000000000 and $ 25

. The range is due to a lack of clarity on that company Vodafone hold assets – for example America Vodafone holds assets in a number of other countries – from outside the company is not able to say believe how much tax should be paid.

Exclusive: Southeastern joined by other Dell investors – source

 

Exclusive: Southeastern joined by other Dell investors - source

At least three of Dell Inc. Top 20 shareholders support decision Southeastern Asset Management to vote against the acquisition of $ 24.4 billion manufacturer of PC # 3, led by CEO Michael Dell, a person close the file.

Among the incumbents who support Southeast Harris Associates LP, Yacktman Asset Management LP and Pzena Investment Management LLC, representing approximately 3.3 percent keep in Dell, the person said.

Yacktman Harris were not immediately available for comment. President Richard Pzena Pzena says many Dell must be in the range of $ 20 per share or the company should other options.

LinkedIn’s 4Q gets rave reviews from investors

 

SAN FRANCISCO (AP) â?? Online professional networking site LinkedIn quarter performance has a new line to his sterling resume as a limited company.

results’ s unbroken streak exceeded analysts LinkedIn Corp. Thursday extended forecasts for both revenue and gains. It was the seventh consecutive quarter since LinkedIn IPO in May 2011 that the company has pulled it off, much to the delight of investors.

series of surprises is one of the reasons why this file is LinkedIn tripled from its initial offering price of $ 45. shares jumped November 71 dollars, or 9.4 percent, to $ 135.80 in extended trading after the results were released.

In addition to an increase of 66 percent of sales in the previous year, the last quarter was characterized by an influx of 15 million accounts to the total number of members of LinkedIn drift than 200 million. Visitors to the website LinkedIn viewed 67 pages per cent over the previous year, an indication of the company’s efforts to increase new business and career advice to add for executives of companies to bear fruit.

embrace Wall Street LinkedIn contrast to the response to cold of other Internet services to the public over the past few years. Most of them are trading below their IPO price.’s most notable Facebook Inc., whose shares worth about 25 percent lower than it was when it debuted on the market in May

Although both sites

term dedicated to connecting people with common interests, LinkedIn and Facebook are aimed at different audiences. focuses on FaceBook friends and family good time to let the stories and of the swap, while LinkedIn focuses on helping people to move and help companies fill positions.

Facebook, based in Menlo Park, is the largest of the two services, with more than 1 billion active users and $ 5.1 billion sales last year. LinkedIn, based in Mountain View, California, has 202 million accounts and a turnover of $ 972 million in 2012.

But

LinkedIn is growing rapidly, partly because it is less dependent on advertising as Facebook and most Internet services. fourth quarter, advertising accounted for 27 percent of revenue on LinkedIn. The rest comes from the various tools it sells to recruit employees to help gather more ideas from information that users may post on its website.

As a result of his conviction that the data members worth more, LinkedIn said Thursday that he intends to raise prices this year. Creation of a user profile is free. Higher prices reflect the additional information the company has built up the membership has more than doubled in less than two years, according to Steve Sordello, CFO LinkedIn. Society has no information on the increases.

LinkedIn earned $ 11.5 million, or 10 cents per share , in the course of the last three months of last year. Which compared to $ 6.9 million, or 6 cents per share, a year earlier.

If not for the cost of the compensation of employees and certain other costs , LinkedIn said it would have earned 35 cents per share. This was well above the average estimate of 19 cents per share among analysts polled by FactSet.

Sales increased by 81 percent last year to 304 million â € 24,000,000 dollars higher than analysts ‘expectations.

LinkedIn income outlook for the current quarter and all of 2013 were roughly in line with analysts’ estimates, paving the way for the company to financial barriers to detect again.

management forecasts for annual sales of $ 1.4 billion this year seems sensible, because it would lead to an increase of about 45 percent last year. In 2012, the annual income LinkedIn grew by 86 percent.

“We try a conservative approach to use the year-on-year growth, “he told analysts during a conference Sordello analysts.