Technology, Media & Telecommunications
UPDATE 2-Carlyle buying Booz Allen unit stake for $2.54 bln
(Adds background about credit crunch in paragraphs 2-3, Carlyle in paragraph 6, details about Carlyle's government relationship 7-9) Full Article
UPDATE 1-LG Display sinks after Lehman downgrade
SEOUL, May 16 (Reuters) - Shares in South Korea's LG Display plunged as much as 6.7 percent after Lehman Brothers downgraded its rating on the company and the whole LCD sector, citing worries of oversupply and weaker profitability. Full Article
UPDATE 2-TietoEnator owners with blocking stake oppose bid
(Adds Nordic Capital, analysts, background, updates shares) Full Article
Online publishers upbeat despite economic downturn
LONDON (Reuters) - Online publishers are doing well despite an economic downturn, and the ones who are best positioned to succeed are strong brands with quality content, the head of the Online Publishers Association said on Friday. Full Article
Belgacom Q1 sales drop 3 pct, worse than expected
BRUSSELS, May 16 (Reuters) - Belgium's dominant telecom operator Belgacom reported a worse than expected 3 percent drop in first-quarter sales on Friday, but reiterated its financial targets for the whole of 2008. Full Article
UPDATE 1-Asustek sees motherboard shipments up 10 pct in Q2
TAIPEI, May 16 (Reuters) - Taiwan's Asustek Computer said on Friday it expects its own-branded motherboard shipments in the second quarter to rise 10 percent or more from the first quarter as demand remains robust. Joe Hsieh, Asustek's general manager for the company's motherboard business unit, told reporters that shipments could hit 5 million in the second quarter. Full Article
US appeals court won't reverse set-top box rule
WASHINGTON, May 16 (Reuters) - Comcast Corp on Friday suffered a legal setback in its effort to get out from under a federal regulations restricting the type of set-top box it can offer customers. Full Article
Vodafone to get complete control of Arcor: sources
FRANKFURT (Reuters) - Vodafone is set to get complete control of German mobile phone unit Arcor after minority shareholders agreed to sell their stakes, sources familiar with the matter said on Friday. Full Article
Computacenter expects lower H1 pretax profit
LONDON, May 16 (Reuters) - British computer hardware and services company Computacenter Plc said tough early-year trading conditions in the UK and France would hurt first-half results, though its expectations for the year were unchanged. Full Article
Orange to sell iPhone in Europe, Mid East, Africa
AMSTERDAM, May 16 (Reuters) - The list of countries where Apple's iPhone will be sold grew further on Friday with Orange announcing a deal for Europe, the Middle East and Africa. Full Article
Yahoo, WPP form multiyear ad-trading partnership
SAN FRANCISCO (Reuters) - Embattled Yahoo Inc has struck an advertising partnership deal with WPP Group that will let WPP buy ads on Yahoo's online ad exchange, the companies said late on Thursday. Full Article
UPDATE 1-Qualcomm's acquires UK spectrum for new services
LONDON, May 16 (Reuters) - Wireless technology developer Qualcomm Inc. has acquired radio spectrum in Britain known as L-band which will allow it to launch services such as mobile television, wireless broadband and satellite radio. Full Article
| Symbol | Bid | Ask |
|---|---|---|
| BRENT CRUDE | $124.32 | $124.35 |
| MINI GOLD | $899.20 | $899.60 |
| MINI SILVER | $16.94 | $16.97 |
