Word: municher
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...ADVA Optical Networking Public company based in Munich, Germany Chief Strategy Officer: Brian Protiva What it does: Wave division multiplexing, a low-cost way of boosting transmission capacity of existing fiber facilities Why it is hot: Big companies are running out of room to store data. ADVA's products allow flexible ways to deal with data storage, such as monster warehouses renting space www.advaoptical.com...
...Infineon Technologies Public company based in Munich, Germany CEO: Ulrich Schmacher What it does: Spun off from Siemens in 1999, Infineon makes memory products and semiconductor solutions Why it is hot: It is reporting strong margins in wireline communications, security and chip- card integrated circuits and in its automative and industrial business groups www.infineon.com | last year...
...world’s foremost Beethoven specialists, was in town for six concerts with the BSO and conductor Seiji Ozawa, featuring all five Beethoven piano concertos. After feeling pain in his arm, he cancelled the concerts scheduled for Saturday and last night and flew back to Munich to meet with his physician...
...deal involves a complicated four-way swap of shares. Munich Re, Allianz's cross-town insurance rival in the Bavarian capital, is swapping its 40% stake in Allianz's life insurance arm, Allianz Leben, for Allianz's 17% stake in HypoVereinsbank. Dresdner is also doing a share swap with Munich Re. In the process, the center of gravity of German finance moved a step toward Munich from its traditional base in Frankfurt. "By reducing cross-holdings, Allianz and Munich Re are laying the foundation for a crucial realignment within the German financial services sector," said Allianz chairman Henning Schulte-Noelle...
...Dresdner, where there is little overlap, merging two big banks has the attraction of instant cost savings as the two close down duplicate branches. More importantly, with Allianz's linkup with Dresdner, the German financial scene seems more and more like a three-legged stool: Allianz and Dresdner, Munich Re and HypoVereinsbank, and Deutsche Bank. With traditional banking taking a backseat to the more profitable business of asset management, Commerzbank seems isolated and may now be amenable to a deal. One thing seems clear: the restructuring of Germany Inc. has only just begun...