Word: phoning
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...leading candidate to replace Ricke is Rene Obermann, the boyish CEO of T-Mobile, Telekom's fast-growing international mobile phone unit and the fourth-largest wireless carrier in the U.S. Obermann is the candidate preferred by the German government and labor representatives on the supervisory board. But there is some opposition to Obermann's appointment by investors and supervisory board members, who would rather see an outside executive with international experience...
...Liberalization of the European telecommunications industry in 1998 brought an onslaught of competition in local phone markets. Although Telekom is still the dominant carrier in Germany, competition is accelerating and management has been slow to fight back. In August, Ricke issued an unexpected profit warning and then announced plans to cut costs and improve customer service. But the erosion continued. On Thursday, Telekom reported a 20% drop in net profit in the third quarter to $2.48 billion, compared with $3.12 billion the year before. After adjustments for extraordinary income, Telekom's profit was down...
...Speaking to reporters on Thursday, Ricke noted that the company's shares gained some 25% in value since he announced his cost-cutting measures. But analysts and traders credit that rise to continued speculation of a management shake-up and potential takeover of the German phone giant. Lacking any good news on the company's business outlook after an analyst meeting on Thursday, Telekom's shares tumbled 2.45% on Friday after some analysts downgraded the stock...
...Basketball is slowly creeping into the culture. Several recent Bollywood blockbusters have featured basketball: in Koi ... Mil Gaya (I Have Found Someone), aliens visit the nerdy hero and give him Jordanesque abilities. Once aliens like your sport, you have arrived. Indian cell-phone carriers have featured kids shooting hoops in recent TV spots. "As a business opportunity, the potential is huge," says Anil Kumar, president of SportzIndia Management, a marketing and consulting firm. The key for the NBA, Kumar insists, is TV saturation. "Cricket on the small screen? It's impossible to see the ball. You have to do replays...
Schiffler, who is a Chemistry graduate student, confirmed in a phone interview yesterday that he did in fact call JetBlue when he heard about the suspicions surrounding the JetBlue promotion from a student in his lab. The JetBlue employee he spoke to did not know about the promotion, he said...