INTERVIEW: Telstra Rev Growth Similar To 2H04 -2-
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SYDNEY (Dow Jones)--Telstra Corp.&#39;s (TLS) revenue so far this fiscal year has been growing at a similar pace to the second half of 2003-04, Chief Financial Officer John Stanhope said Monday.
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By BRUCE MEYERSON  NEW YORK - U.S. subscribers to Internet-based telephone services grew 18 percent to 8.2 million in the third quarter, but the growth rate slowed for a second straight quarter, according to the research firm TeleGeography.
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MARK COLVIN: All this year, the business world has been abuzz with talk about the board of Telstra, and whether Chief Executive Ziggy Switkowski could survive.
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(InfoWorld) - Telstra Corp.Â paid $254 million for a controlling stake in SouFun Holdings Limited, which runs one of China's largest real-estate and home improvement Web sites, the company said Thursday. Telstra, Australia's largest telecommunications company, now owns a 51 percent stake in SouFun, and plans to use the acquisition to beef up its advertising business in China. SouFun makes money by selling advertising on its Web site. Telstra's advertising arm, Sensis, will help manage SouFun going forward, the companies said in a joint statement. The deal is also part of Telstra'sÂ broader plan to expandÂ its Sensis business beyond Australia and carry its intellectual property and management expertise to new areas, the company said. The founder and chief executive officer of SouFun, Vincent Mo will remain in charge at the Web site and retain his 30.9 percent share of the company. SouFun's management team will remain in place after the deal, the company's said. SouFun, which is already cash flow positive, is expected to post revenue of A$52 million (US$39.7 million) in 2007, with a profit of A$18 million after excluding income tax, depreciation and amortization, according to the companies. IDG News Service is a member of the IDG group of companies, which includes IDG Ventures, a US$1.4 billion venture capital fund which holds a 14.7 percent stake in SouFun. SouFun can be found at: http://www.soufun.com/.
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EMC&#39;s Asian operations are back on track after sluggish growth during early 2006, and the company aims to take Asian market share away from rivals and push into new market segments.&quot;We went from worst to first,&quot; said Steve Leonard, president of Asia-Pacific and Japan, explaining that Asia went from being EMC&#39;s slowest-growing region in 2006 to its fastest in 2007.EMC&#39;s Asia-Pacific revenue grew 24 percent during 2007, hitting $1.46 billion. By comparison, revenue from Asia grew by just 6 percent during 2006, which was lower than previous years and far slower than EMC&#39;s growth in other regions during that period.Gartner and IDC pegged Asian storage revenue growth at around 23 percent during the third quarter, the most recent period for which figures are available.&quot;We see EMC very well placed as a storage vendor in Asia,&quot; said Avneesh Saxena, group vice president of systems, storage, and software research at IDC Asia-Pacific, citing EMC&#39;s improved channel relationships and &quot;software-driven approach&quot; to developing storage products. &quot;They aren&#39;t just selling boxes,&quot; he said.Even so, taking storage market share away from rivals won&#39;t necessarily be easy for EMC, Saxena said, noting IBM and Hewlett-Packard are firmly entrenched in key Asian markets.EMC&#39;s turnaround&#160;is largely a credit to Leonard, who was hired in 2006 and given the job of transforming its Asian operations.Getting the company back on track in Asia involved a variety of steps, including shaking up the company&#39;s sales teams and building stronger ties with channel partners. EMC also embarked on an aggressive expansion in India and China to spur growth in these markets and tap into the vast pools of engineering talent there.&quot;We effectively had zero software-engineering capabilities resident in China during the summer of 2006. I was just up in Beijing and we are going to hire our 1,000th engineer this quarter,&quot; Leonard said.Looking ahead, EMC is counting on new products that tap user demand for information storage, content-management capabilities, and security to spur further revenue growth in Asia. In a break with EMC&#39;s traditional sales focus on large corporations and organizations, the company also plans to expand into new markets, offering storage products and services for small business and even consumers.At the top end of the market, EMC hopes to generate more sales with a line of flash memory-based drives, announced last month, designed to replace some disk drives in the company&#39;s Symmetrix storage arrays.&quot;EMC is in a very high innovation cycle right now. It&#39;s been bringing more things out to the market than at any moment in its history,&quot; Leonard said.While the woes of early 2006 are now history for EMC, the company still faces challenges in Asia. In particular, Japan remains a difficult market.EMC is working to improve its Japanese operations, but it will take time for these efforts to yield the desired results, Leonard said, calling the company&#39;s transformation there a &quot;work in progress.&quot;&quot;We&#39;ve had dozens and dozens of meetings with executives from leading Japanese companies, essentially to say, &#39;We&#39;re committed to being a better local company, we&#39;re asking for your support,&quot; he said.As part of these efforts, EMC turned to sport to help raise its profile in Japan. The Massachusetts-based company is sponsoring the Boston Red Sox baseball team&#39;s upcoming March visit to Japan and will use the occasion to woo prospective customers and partners. Baseball is very popular in Japan and Red Sox pitcher Daisuke Matsuzaka is a celebrity in his home country, where he played professionally for several years.&#160;
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Australian telecoms giant Telstra has posted a 26.2 percent slump in profits,  raising fresh doubts about the government's privatisation plans and prompting calls for boss Sol Trujillo's sacking.
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InfoWorld - AT&T's revenue was up 2.9 percent in the fourth quarter of 2007, largely driven by increases in mobile phone and broadband customers, the company said Thursday.
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roundup Plus: The company also expects to meet or exceed analyst estimates...Salesforce.com reports subscriber surge...RealNetworks signs up Red Flag Linux.
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Vodafone, the world&#39;s largest mobile phone company, believes it can generate an extra Â£2.5 billion in cash every year by reducing costs and getting customers to spend more on their phones.
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OECD report predicts heady times ahead Heady days of 20 and 30 per cent growth in the 1990s remains unlikely, but the worldwide ICT sector is expected to grow a vigorous six per cent in 2006, according to a new report.â¦
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SINGAPORE Singapore Telecommunications said Thursday that profit in the second quarter of its fiscal year rose 62 percent from a year earlier as it signed up more mobile phone subscribers in Australia and cut expenses for takeovers.
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SYDNEY: Australia&#39;s dominant telecommunications firm, Telstra, has unveiled details of a 750 million dollar (532 million US) off-market share buy-back as part of a three-year, 4.5 billion dollar capital management program.
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TELSTRA has chosen Ericsson Australia to supply and service its 3G mobile capacity for the next five years. The agreement, signed late Christmas Eve, involved contracts worth more than $100 million to upgrade
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Telstra Corp., Australia&#39;s biggest phone company, offered to buy back shares for as much as A$4.65 each, the first stage in a plan to return A$4.
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A report out yesterday from the International Telecommunication Union says that mobile phone users have doubled since the year 2000.
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Change comes to ex-NTL customers Virgin Media are to start rounding up fixed-line calls to the nearest minute: something they've been doing for ex-Telewest customers since May, and something BT, Sky and Talk Talk have been doing for a while.â¦
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A total of 185,284,269 shares were bought back at $4.05 per share, representing three per cent of Telstra&#39;s non-government owned issued capital.