TFN NEWS BRIEFING: TMT highlights to 09:10 BST

TFN NEWS BRIEFING: TMT highlights to 09:10 BST

	Published : Mon, 14 May 2007 09:26 By : Agencies Print this Story

2007-05-14 08:55:37

Portuguese govt denies PTM proposal to pay tax on spin-off with shares - report

LISBON (Thomson Financial) - The finance ministry has denied Portugal

Telecom SGPS' proposal to pay the tax on the planned spin-off of its PT

Multimedia SGPS unit by tendering PTM shares, a decision which will force PT to

flood the market with over 23 mln shares to raise the cash for the tax, Jornal

de Negocios reported citing a source close to the talks between the government

and PTM.

2007-05-14 08:37:31

Japan's NEC Electronics' FY operating loss narrows on cost cuts

TOKYO (XFN-ASIA) - NEC Electronics Corp's operating loss narrowed in the

fiscal year ended March, mainly because of the effect of cuts in costs, although

weaker-than-expected sales of its semiconductors and falling prices stopped it

from returning to operating profit, the company said.

2007-05-14 08:15:59

Telkom 'BBB' ratings affirmed, outlook raised to positive from stable - S&P

MUMBAI (Thomson Financial) - Standard & Poor's Ratings Services said it has

affirmed the 'BBB' ratings ratings of South African telecom operator Telkom SA

Ltd reflecting its conservative financial policy and sustained cash generation.

2007-05-14 08:06:15

Eckoh says Parcelforce extends parcel redelivery service contract with co, BT

LONDON (Thomson Financial) - Telecommunications service provider Eckoh PLC

said Parcelforce Worldwide has significantly extended its parcel redelivery

service contract with the company and BT.

2007-05-14 08:03:27

Japan's Pioneer back in operating profit on restructuring, weak yen

TOKYO (XFN-ASIA) - Pioneer Corp returned to operating profit in the fiscal

year ended March as restructuring and a weak yen helped it offset an unabated

decline in the selling prices of digital appliances, the company said.

2007-05-14 07:30:27

Japan's NEC Electronics yr to March net loss 41.5 bln yen vs loss 98.2 bln

TOKYO (XFN-ASIA) - NEC Electronics Corp's year to March 31 results:

Revenue - 692.28 bln yen vs 645.96 bln

Operating loss - 28.56 bln yen vs loss 35.7 bln

Pretax loss - 35.37 bln yen vs loss 42.4 bln

Net loss - 41.5 bln yen vs loss 98.2 bln

Loss per share - 336.04 yen vs loss 795.13 yen

Japan's biggest large-scale integrated circuit maker provided the following

forecasts for the year to

March 2008:

Revenue - 690 bln yen

Operating profit - zero

Pretax loss - 10 bln yen

Net loss - 15 bln yen