Hat hierzu jemand eine Einschätzung für die kommenden Wochen/Monate/Jahre/Jahrzehnte?
Gruß,
T.

Quelle: http://www.sueddeutsche.de/aktuell/sz/artikel126636.php


Das Internet wird zum Fass ohne Boden

Überkapazitäten verhageln Cable&Wirelesse das Geschäft / Kurs rutscht ab


Von Gerd Zitzelsberger

London – Von allen Fällen – im doppelten Sinne des Wortes – ist es der unfassbarste: Der traditionsreiche Telekom-Konzern Cable & Wireless hat im Boom vieles besser gemacht als die Konkurrenz. Trotzdem ist sein Börsenkurs zum Wochenschluss auf den tiefsten Stand seit über elf Jahren gerutscht.

Was die Cable & Wireless Plc, London, auch sagt oder macht - die Aktiennotierung rutscht derzeit immer ab. Bis Spätherbst 1999 war der Kurs langsam, aber relativ beständig nach oben geklettert. Im Winter 1999/2000 kam dann, wie bei anderen Telekom-Konzernen auch, der große Euphorie-Schub, und die Notierung sprang bis auf 1500 Pence. Doch seitdem geht es beinahe nur noch bergab – zuletzt sogar ziemlich rasant. Zum Wochenschluss rutschte die Notierung auf 207 Pence. Das ist der niedrigste Stand seit Ende November 1990. Das ganze Jahrzehnt ist damit per saldo für die Cable & Wireless-Aktionäre verloren.

Dabei agiert Graham Wallace, der Mann an der Spitze des Konzerns mit 31000 Mitarbeitern und einem Jahresumsatz von gut acht Milliarden Euro, als wäre er der Musterschüler aller Unternehmensberater: Als Wallace im Februar 1999 das Ruder übernahm, bildete der Konzern einen bunten Fleckenteppich mit Geschäftsschwerpunkt in Hongkong und Beteiligungen in verschiedensten Winkeln der Welt: Bermudas Telefon-Monopol gehörte ihm ebenso wie etwa ein australisches Mobilfunk-Netzwerk und Unterseekabel, die man elfmal um den ganzen Globus wickeln könnte. Entstanden war der ganze Fleckenteppich, weil C&W, dessen Wurzeln auf das Jahr 1872 zurückreichen im Zuge der britischen Kolonialisierung groß geworden ist. Am Ende des ersten Weltkriegs umfasste das britische Empire ein Viertel der Weltbevölkerung. Und die Eastern Telegraph Company, wie C&W damals hieß, bildete das Nervenzentrum dieses Weltreiches. Als die Kolonien selbständig wurden, brachen immer wieder große Stücke aus dem C&W-Imperium.

Weltweiter Dienst

Rechtzeitig, als die Branchen-Euphorie noch hochschäumte, verkaufte Wallace die meisten der bunten Flicken zu hohen Preisen, um den Konzern auf ein Gebiet zu konzentrieren: Hochgeschwindigkeits-Übertragungen, speziell nach dem Internet-Standard, und ähnliche Dienstleistungen für andere Telekom-Unternehmen und global agierende Konzerne. Heute verfügt C&W über ein Internet-Rückgrat, wie kaum ein anderer Konzern: Die gesamte Bibliothek des amerikanischen Kongresses könnte C&W innerhalb von sieben Sekunden von Washington nach New York überspielen, und ein Datenpaket schickt das Unternehmen binnen 134 Millisekunden von Frankfurt nach Sydney. C&W gilt daneben als das weltweit größte „Hotel“ für die Internet-Seiten anderer Firmen mit einem Marktanteil von 20 Prozent. Das technische Know-how holte Wallace sich durch die Übernahme von nicht weniger als 28 Internet-Service-Providern in aller Herren Länder. Auch die Zukäufe erfolgten – entsprechend der Euphorie dieser Zeit – zu hohen Preisen, doch viel Geld blieb immer noch übrig.

Heute ist C&W der einzige alteingesessene Telekom-Konzern Europas, der nicht auf einem Berg von Schulden, sondern einem Sack von Geld sitzt. Per Ende Januar beziffert C&W sein Netto-Geldvermögen auf 6,4 Milliarden Euro.

Doch die mit vielen Auszeichnungen bedachte Technik und das Geld machen C&W keineswegs zum König unter den Wettbewerbern: Das Umsatzwachstum kommt nicht von den neuen Geschäftsfeldern, auf die Wallace gesetzt hatte, sondern von den verbliebenen kleinen – und hochprofitablen – Regionalgesellschaften. Auf C&W Global, in der das neue (Internet-)Geschäft zusammengefasst ist, entfallen mittlerweile zwar 70 Prozent des Umsatzes. Nach Abschreibungen aber weist der Bereich einen Verlust aus. Und selbst der Umsatz dürfte im laufenden Geschäftsjahr um zehn Prozent niedriger liegen. Denn die Nachfrage nach Internet-Übertragungen ist zwar gestiegen, aber das Angebot der Branche insgesamt noch mehr: Überkapazitäten und fallende Preise verhageln das Geschäft als Großhändler von Internet- und Übertragungsdienstleistungen.
 

http://www.maxblue.de/

23.05.08 / 12:04

Aktien Europa: Etwas schwächer - Spärlicher Nachrichtenflusses bremst Kauflust




PARIS/LONDON (dpa-AFX) - Angesichts der dünnen Nachrichtenlage am Brückentag sind die europäischen Börsen am Freitag bis zum Mittag etwas tiefer ins Minus gerutscht. Vor allem Analystenkommentare hinterließen angesichts des spärlichen Nachrichtenflusses deutliche Spuren auf den Kurstafeln. Der EuroSTOXX 50  fiel um 0,70 Prozent auf 3.766,59 Zähler. Der STOXX 50  verlor 0,39 Prozent auf 3.157,80 Punkte und der FTSE 100  sank um 0,38 Prozent auf 6.158,10 Zähler.

Im EuroSTOXX 50 gewannen ArcelorMittal    nach einem positiven Analystenkommentar 0,58 Prozent auf 64,30 Euro. Goldman Sachs hatte die Aktien von 'Neutral' auf 'Conviction Buy' angehoben und das Kursziel auf 84 Euro beziffert. Die Investmentbank hob zudem den Stahlsektor von 'Neutral' auf 'Attractive'. Vivendi   stiegen um 0,93 Prozent auf 26,12 Euro. Die Analysten von Morgan Stanley hatten den Titel von 'Underweight' auf 'Equal-weight' angehoben und das Kursziel mit 31,70 Euro beziffert. UBS senkte die Aktien von ASML Holding   von 'Buy' auf 'Neutral'. Die Aktien verloren 4,18 Prozent auf 18,30 Euro. In London stiegen Cable & Wireless   mit plus 3,38 Prozent auf 161,90 Pence. Investec Securities hatten den Titel von 'Hold' auf 'Buy' angehoben.

Autowerte gaben nach. Renault   sanken um 2,49 Prozent auf 63,55 Euro. Volkswagen  verloren ebenfalls mehr als zwei Prozent. Händler verwiesen auf enttäuschende Nachrichten aus Übersee. In den USA waren die Aktien von Ford Motor   um mehr als sieben Prozent eingebrochen, nachdem der Autobauer mitgeteilt hatte, er werde angesichts der nachlassenden Nachfrage, steigender Rohstoffpreise und der schwächelnden Konjunktur sein Gewinnziel nicht wie geplant erreichen.

In der Schweiz verloren Roche Holding   1,46 Prozent auf 176,00 Franken. Der Pharmakonzern will die Beteiligung an der japanischen Chugai Pharmaceutical Co Ltd von 50,1 auf 59,9 Prozent erhöhen. Zu diesem Zweck macht Roche den Chugai-Aktionäre das Angebot, ihre Aktien zu einem Preis von 1.730 Yen je Aktie zu kaufen. Dieser Preis entspricht einer Prämie von 11,7 Prozent gegenüber dem Schlusskurs der Chugai-Aktie von 1.549 Yen am Tag vor dem Angebot.

UBS   verloren 0,65 Prozent auf 30,78 Franken. Die angeschlagene Schweizer Großbank macht den nächsten Schritt auf dem Weg aus der Krise. Sie hatte bereits tags zuvor mitgeteilt, über die angekündigte Kapitalerhöhung knapp 16 Milliarden Franken (9,85 Milliarden Euro) einnehmen zu wollen. Bei der Bekanntgabe des Plans Anfang April war von 15 Milliarden Franken die Rede gewesen./sf/la

viele möchten jetzt schon mit 1,95 € einsteigen... :-))
aber keine mehr da!!!

Handelsplatz Letzter     Veränderung Vortag  letzte Stk  Tag-Stk   Kursspanne  Zeit  
 L&S RT  2,070 €     +4,02%    1,990 €  0  -  2,020 - 2,110  13:37  
 Nasdaq OTC Other  2,90 $     0,00%    2,90 $  -  600  2,90 - 2,90  16.05.08  
 Stuttgart  1,950 €   G  +0,51%    1,940 €  0  -  1,950 - 1,950  09:08  
 Berlin  1,950 €   G  +3,72%    1,880 €  0  0  1,950 - 1,950  08:38  
 Düsseldorf  1,960 €   G  +1,55%    1,930 €  0  0  1,960 - 1,960  09:12  
 München  1,970 €     +1,54%    1,940 €  0  0  1,970 - 1,970  09:05  
 XETRA  1,980 €     0,00%    1,980 €  0  -  -   - -     05.05.08  
 Frankfurt  1,990 €   G  +2,57%    1,940 €  0  0  1,990 - 1,990  09:03

Die guten Vodafone-Zahlen sorgten auch bei anderen Telekom-Titeln für Aufschläge. Cable & Wireless   stiegen um 0,61 Prozent auf 164,00 Pence - hier stützte zusätzlich eine Hochstufung von 'Hold' auf 'Buy' durch Goldman Sachs.  

Bullish Allan prepared to play David to C&W's Goliath
« Previous « PreviousNext » Next »View GalleryPublished Date: 02 June 2008
By HAMISH RUTHERFORD
BILL Allan, the head of Scottish telecommunications company Thus, still has not spoken publicly about the approach for the company he has headed for the past decade – but if a battle does begin, he is unlikely to go quietly.

A staunch defender of the company that was spun out of ScottishPower and briefly propelled by dotcom fervour into the FTSE 100 – before a spectacular fall – Allan has long taken a "just wait until I have the last laugh" approach.

Last month, when ADVERTISEMENThe reported maiden operating profits, he repeated a claim that Scotland "will one day be as proud of Thus as it is of Royal Bank of Scotland" and that Thus would be "a very significant player in UK telecoms". But now it appears time is running out.

Last Wednesday after shares in Thus suddenly surged (something the UK Listings Authority will no doubt be interested in), Cable & Wireless was forced to confirm that it had approached the Glasgow company about buying it.

Without rejecting the approach, Thus issued a statement saying it believed that it has a strong future as an independent company and asked shareholders to take no action. So far they appear to have fallen into line. One "leading shareholder" told a Sunday newspaper that price was a sticking point for a deal (as if it ever would not be).

Another report claimed that C&W's approach was rejected by Thus, however both sides expect further activity.

The significance of the rejection is also questionable as C&W's approach did not constitute a formal price in takeover terms.

A period of quiet is now expected while C&W decides how badly it wants Thus, during which time Allan and the rest of the board need to decide how much they are willing to accept before opening Thus's books, or prepare an action plan if it is to reject the approach.

For Allan, it could be difficult to divorce himself from his own ambitions for Thus and his feelings for C&W.

Once head of its regional operations, he has since become an outspoken critic of C&W, making the prospect of being taken over by his former employers particularly galling.

Allan has hit headlines in the past, knocking C&W's strategy and execution, and is said to believe that his former employer is still going backwards.

Thus has pointed out that while its own EBITDA has grown every year, that since C&W bought Energis in 2005 (beating off a last-minute bid from Thus), combined EBITDA across its corporate telecoms business has fallen.

Supporters say that Allan's willingness to attack the larger rival springs from his frustration at what he sees as an attempt by C&W to marginalise Thus.

C&W has said in the past that Thus is "sub scale" – some analysts agree – and does not treat the company as a real rival.

By contrast to Allan's outspoken comments, C&W executive chairman John Pluthero is said to spend little time discussing Allan. But interested he is, demonstrated by the tentative approach, said to be in the region of 150p-160p a share.

Thus may be a victim of its success, winning a string of new contracts with the Scottish Government and high street retailers in recent months, when rivals have been issuing profits warnings.

It is these customers which C&W is believed to be keen to get its hands on as it strives to gain the scale to compete with former state monopoly BT.

Thus's growth also comes at a time when analysts are calling for consolidation, with the number of players in corporate telecommunications leading to a price war which means most companies – including C&W and Thus – are unable to generate sustained positive cash flow.

Allan himself said at last month's results that the sector would "benefit from consolidation", which would bring "rational pricing".

Sources claim the meeting between the two company chairmen was quite amicable, and it could be that Philip Rogerson saw the writing on the wall: if C&W, or anyone else, is willing to pay up, there is little the smallcap can do but roll over.

Apparently early contact with shareholders has shown support for Thus' response to the approach.

However, with shares in Thus opening last week at 115.25p, about 30 per cent lower than they were three years ago, the support may be that, by not immediately engaging in talks it is possible other bidders may be flushed out, and the value of Thus may rise.

One major plus for Allan is that because of the well-known eagerness of the market for M&A in the sector, he will have spent plenty of time thinking about what to do when the rivals do start knocking.

So far the approach has been to wait and see, but if experience is anything to go by, Allan will have plenty more to say before the battle finishes.

BACKGROUND

WHEN Thus, which provides hi-tech telecommunications services to corporate clients, was demerged from ScottishPower in 1998 and listed on the London Stock Exchange, the market was caught up in technology-driven hopes that sent it briefly into the FTSE 100, with a market capitalisation of over £2 billion.

But despite the early hopes, the company has never paid a dividend and is expected to reach profitability at the end of the current financial year for the first time.

The problems of Thus are similar to those elsewhere in the sector – Cable & Wireless's own corporate telecoms business lost cash in the current year. This is partly due to the large capital expenditure required to carry out bigger products, but also to the competitiveness of the market, which keeps prices down.

Analysts have long expected a wave of consolidation to take place. , Thus chief executive Bill Allan has often talked of the company as predator not prey, but most analysts say a deal, in one form or another, is likely to see the company sold.

The full article contains 1008 words and appears in The Scotsman newspaper.Page 1 of 1

Last Updated: 01 June 2008 9:11 PM
Source: The Scotsman
Location: Edinburgh
Related Topics: Thus Group

klare und deutlicher Kauf Signal!!
Boersen-News
Cable & Wireless schielt auf Konkurrenten Thus - Entscheidung bis Ende Juni
06.06 15:51
LONDON (AWP International) - Das britische Telekomunternehmen Cable & Wireless (C&W) erwägt eine Übernahme des Konkurrenten Thus und will bis Monatsende über die Vorlage eines formalen Gebots entscheiden. C&W habe der Thus-Führung Ende Mai habe vorgeschlagen, das Unternehmen für 165 Pence je Aktie zu übernehmen, teilte C&W am Freitag in London mit. Der Vorstoss sei von Thus aber zurückgewiesen worden. Cable & Wireless wolle nun bis 30. Juni entscheiden, ob man ein formales Übernahmegebot vorlege oder die Pläne fallen lasse. Man sei aber weiter überzeugt, dass 165 Pence je Aktie ein attraktives Gebot sei./fj/tw

09.06.2008 22:15
CAPITAL ADJUSTMENT INFORMATION 1
FOLGENDE WERTPAPIERE WERDEN AM 10.06.2008 CUM KAPITALMASSNAHME UND AM
11.06.2008 EX KAPITALMASSNAHME GEHANDELT.
THE FOLLOWING SHARES ARE TRADED CUM CAPITAL ADJUSTMENT ON 10.06.2008
AND EX CAPITAL ADJUSTMENT ON 11.06.2008.

INSTR ISIN INSTRUMENT NAME
CWL1 GB0001625572 (Nachrichten) CABLE WIRELESS LS-,25
P6J2 US6781291074 (Nachrichten) POLYUS ZOLOTO OJSC ADR
TMX US8794037809 TELMEX L SPONS. ADR/20

22.06.2008 17:33
Thus Group receives 'white knight' approaches in C&W takeover battle - report
LONDON (Thomson Financial) - Thus Group Plc. (News) has received 'white knight' approaches from two telecom carriers to help it fight off a hostile 302 million pound bid from Cable&Wireless Plc., the Sunday Times reported without citing sources.

The paper said Global Crossing and Colt Telecom are believed to have contacted Thus's banking adviser Greenhill in the past two weeks.

Thus is under pressure to find an alternative bidder after refusing to holds talks with Cable&Wireless, the paper said.

Cable and Wireless (News) approached Thus Group on May 28. On June 6, C&W confirmed its 165 pence per share possible offer for the group had been rejected by the Thus board.

The Sunday Times said C&W is currently considering raising its offer for the company.

Although several companies have expressed interest in a tie-up with Thus, at this stage it has received no formal offers. The board, led by chairman Philip Rogerson, will urgently review its options this week in the hope it can flush out a deal, the report said.

Thus Group declined to comment.

julian.hofmann@thomsonreuters.com

http://www.investegate.co.uk/Article.aspx?id=200806251156345046X

Cable & Wireless verhandelt über Kauf von schottischer Thus Group
30.06 10:23
LONDON (AWP International) - Das Telekomunternehmen Cable & Wireless (C&W) verhandelt mit dem schottischen Konkurrenten Thus Group über dessen Übernahme. Derzeit würden Gespräche geführt, bestätigte C&W am Montag. C&W erwäge, eine Offerte von 180 Pence je Aktie abzugeben. Inklusive Schulden würde Thus so mit 361 Millionen britischen Pfund (456 Mio Euro) bewertet. C&W will eigenen Angaben zufolge bis 17 Uhr britischer Zeit über die Abgabe eines formellen Angebots entscheiden. Das Londoner Unternehmen gab zugleich bekannt, dass es bereits rund 24 Prozent an Thus gekauft hat.
C&W hatte Ende März einen Vorstoss bei Thus gewagt. Allerdings war das damalige Angebot von 165 Pence je Aktie von den Schotten als zu niedrig abgelehnt worden. Die nachgebesserte Offerte sei es Wert, in Betracht gezogen zu werden, zumal kein Gegenangebot vorliege, teilte Thus nun am Montag mit. Allerdings sei das Angebot nicht derart unwiderstehlich, dass Thus es seinen Aktionären zur Annahme empfehlen werde.

she/das

(Quelle: AWP)

http://www.cash.ch/news/story/448/559032/40/40

http://www.theregister.co.uk/2008/07/02/cable_wireless_cableless/

Ericsson says wins order from C&W Jamaica
STOCKHOLM, July 2 (Reuters) - Telecom equipment maker Ericsson (News/Aktienkurs)  said on Wednesday it had won an order from Cable&Wireless (News) Jamaica  to expand and upgrade its network.

Ericsson, the world's biggest mobile network maker, said the deal would allow the launch of next-generation broadband multi-media services.

It gave no value for the deal. Keywords: ERICSSON/

tf.TFN-Europe_newsdesk@thomsonreuters.com

ajb

http://www.finanznachrichten.de/nachrichten-aktien/cable-wireless.asp

http://www.guardian.co.uk/business/2008/aug/22/marketforces

http://www.finanznachrichten.de/nachrichten-aktien/cable-wireless.asp

Published Date: 28 August 2008
By Hamish Rutherford
CABLE & Wireless has again extended its deadline for Thus shareholders to accept its 180p-a-share offer, as the rate of acceptances slows.

London-based C&W revealed that, by 1pm on Tuesday, it owned or had acceptances from the owners of 78.5 per cent of the stock. The remainder now have until 9 September to accept the offer. On 13 August, C&W said it had acceptances representing 72.1 peADVERTISEMENT r cent of shares.

While the group has said it wants acceptances from 100 per cent of shareholders, it will be able to force outstanding shareholders to sell if it owns or has acceptances for 90 per cent of the stock.

C&W urged remaining shareholders to accept the deal "as soon as possible but in any event … no later than 1pm on 9 September".

Typically the City Takeover Panel requires deals to be done within 60 days of the launch of the offer. However, the timetable has been suspended, pending the outcome of a review by the Office of Fair Trading into whether the deal will reduce competition. Should the OFT clear the deal to go ahead without an investigation, C&W would have a further 21 days to complete the deal.

Thus has a large retail investor base, a legacy of its origins as a spinout from ScottishPower, with a share register of more than 300,000.

C&W's cash offer valued Thus at about £329 million.

http://business.scotsman.com/business/...deadline-for-Thus.4433900.jp

http://www.investegate.co.uk/Article.aspx?id=200809011430124587C

RNS Number : 4587C
Cable & Wireless PLC
01 September 2008
Cable and Wireless plcTotal Voting Rights: Month-end Disclosure
Cable and Wireless plc (the 'Company') confirms that on 31st August 2008, its issued share capital consisted of 2,558,324,566 Ordinary Shares of 25p nominal value with voting rights ('Ordinary Shares'). The Company holds 45,665,878 Ordinary Shares in treasury.
Therefore, as at 31st August 2008 the total number of voting rights in the Company is 2,512,658,688. Shareholders may use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules ('DTR').
Changes to the Company's issued share capital since 31st July 2008 relate to the issue of new shares on the exercise of employee share options and the issue of scrip dividend shares.
This announcement is in conformity with DTR 5.6.1.
1 September 2008

02.09.2008 14:27
Cable & Wireless Selects SuccessFactors for 5,000 Employees; Supports Business Strategy and Implements High Performance Service Culture
SuccessFactors, (News) Inc. (NASDAQ:SFSF), the global leader in on-demand performance and talent management solutions, today announced that the Europe, Asia and U.S. business of Cable&Wireless (News) has selected SuccessFactors to help create a high performance culture and deliver on its business strategy. The company is using SuccessFactors Performance and Talent Management Suite to drive management capability and employee performance to achieve its corporate wide objectives of redefining customer experience and satisfaction within the telecommunications industry.

Cable&Wireless is one of the world's leading international communications companies. It operates through two standalone business units - International and Europe, Asia&U.S. The International business unit operates integrated telecommunications companies in 33 countries offering mobile, broadband, domestic and international fixed line services to residential and business customers, with principal operations in the Caribbean, Panama, Macau, Monaco and the Channel Islands. The Europe, Asia&U.S. business unit provides enterprise and carrier solutions to the largest users of telecoms services across the UK, U.S., continental Europe and Asia - and wholesale broadband services in the UK.

”Traditionally, the telecoms industry has done a poor job of delivering a good customer experience and maintaining outstanding customer service levels,“ said James Eastwood, director of HR shared services for Cable&Wireless. ”Our business strategy is to transform the industry by delivering world class service to the largest global telecomms users. Great service can only be delivered with great people. However, we are operating in turnaround mode, so we have a limited HR budget and limited HR resources to manage, motivate and develop the great people who will deliver our success. Faced with this challenge, it was clear we needed to find a better way of doing things if we were to have impact and create a high performance culture with a talented and motivated workforce. SuccessFactors is a key enabler for us in finding that better way to grow, develop and motivate our colleagues. In our business, clock speed is everything, so SuccessFactors' Software-as-a-Service delivery model means we can get up and running very quickly, and they have a deep understanding of what it takes to build excellence in performance and talent management.“

Cable&Wireless will deploy modules for managing goals and performance, succession planning, 360 degree reviews and career development, including SuccessFactors Live Profile application. Phase one of deployment will coincide with the company's half year performance appraisals at the end of September. Objectives will be realigned with business strategy as the system is deployed to 5,000 employees across 50 countries throughout Europe, Asia and the U.S. in English. Phase two will focus on career development and delivering the right training programmes to the right people.

SuccessFactors will integrate with Cable&Wireless' existing SAP HR system, and will link to its i-LEARN online training system, which will feed through competency gaps and development requirements, enabling employees to directly access links for specific resources and simulations in the training system.

”We know from our internal surveys that we don't always set objectives or conduct appraisals consistently across the business,“ added Eastwood. ”SuccessFactors will directly address these issues, helping us to bridge the gap between strategy and execution. We will launch the system internally as a personal development opportunity rather than a new IT or HR system. We want our employees to recognise their potential and get engaged in their own development, training, career planning and aspirations. SuccessFactors is the clear market leader, particularly in the telcomms sector. Their proven track record for working well with SAP helped to de-risk the project for us, and integration between different modules means it is very easy to get value from the system because of the way it is structured. It's also very easy to go from a high level view of business or functional performance down to the specific individual level.“

Lars Dalgaard, founder, president and chief executive officer of SuccessFactors said, ”The telecommunications industry is one of the toughest competitive markets. There is no room for complacency. Organisations must be lean and agile, which can be difficult for large companies. Cable&Wireless truly understands the value of people who are one hundred percent committed, and the difference they make in terms of competitive differentiation through customer service. SuccessFactors is increasingly selected by major visionary organisations to help implement a shift in both culture as well as performance.“

The SuccessFactors Performance and Talent Management Suite, which includes Performance Management, Goal Management, 360 Degree Reviews, Succession Management, Compensation Management, Learning and Development, Recruiting Management, Employee Profile, and Analytics and Reporting applications, creates a company-wide network of information related to employee performance, including skill-sets, interests, career aspirations, ability to relocate, experience, languages spoken and more. By providing deep, real-time, company-wide visibility into such critical performance data, companies are able to make better, more informed decisions about how to promote, recruit, compensate, reward and manage their entire employee base.

About SuccessFactors, Inc.

SuccessFactors is one of the fastest growing public software companies and the leading provider of on-demand employee performance and talent management solutions. The company enables organizations of every size, and across every industry and geography, to achieve high-performing workforces through goal alignment and execution, talent development and planning, and pay-for-performance initiatives. From 92 customers and approximately 282,000 end users in 2003 to more than 2,140 customers and 4 million end users today, SuccessFactors' solutions are widely deployed across 60 industries in over 185 countries in 22 languages. Founded in 2001 with offices around the world, the company employs more than 700 people, all passionately focused on revolutionizing the future of work. For more information, visit: http://www.successfactors.com.

http://www.finanznachrichten.de/nachrichten-aktien/cable-wireless.asp

Empfehlung  01.09.2008  
Aktuell Outperform (2,2)   geschätztes Kurspotenzial ein Jahr 11,23%
Kursziel 200,00 GBp

https://www.cortalconsors.de/euroWebDe/...2&id_name=ISIN&exchange=LSE

The booming pensions buyout market received a huge boost yesterday as Cable & Wireless struck a record-breaking deal to offload £1 billion of its pension liabilities to Prudential, the insurer.

The telecoms group’s move is the biggest deal of its kind and the largest transfer of pension liabilities from a company to a specialist insurer this year. It tops an agreement struck in February, when Rothesay Life, the Goldman Sachs investment vehicle, bought the assets and liabilities of Rank Group’s £700 million pension scheme.

Analysts immediately said that the move brought a sale or demerger of Cable & Wireless’s British and international businesses dramatically closer. C&W is understood to have explored a sale of its pension scheme several times this year.

Mark James, of Collins Stewart, said: “We see this transaction as easing C&W’s discussions with pension trustees prior to any demerger of the two C&W divisions. In essence, the risks borne by the UK pension scheme have just halved.”

The Times reported in July that C&W trustees were considering offloading £1 billion of its pension liabilities and had compiled an unofficial shortlist of potential buyers. The Pru, which has secured its biggest deal in the bulk annuity market since it struck a £1.7 billion with-profits fund transfer with Equitable Life, is understood to have shaken off competition from Paternoster, Mark Wood’s specialist insurer, and Rothesay Life, to secure the deal.

Companies have been rushing to shed themselves of pension risks for at least a year as market movements reduce the shortfalls in their pension obligations and make it easier and cheaper to sell them on.

Competition from a string of new entrants, including Lucida, run by Jonathan Bloomer, the former head of the Pru, and Edmund Truell’s Pension Corporation, has also increased in the past two years.

Watson Wyatt, the consultant, which advised on yesterday’s deal, said that it meant that £7.5 billion of buyout business had been transacted within the past 11 months.

Steven Dicker, a senior consultant with Watson’s, said it was inevitable that smaller buyouts would kickstart the market as digesting a £1 billion fund was not straightforward.

Under yesterday’s agreement, the Pru will take responsibility for paying the fund’s 5,000 pensioners. It will sell an annuity to C&W that effectively matches liabilities, removing this risk from the fund. In return, C&W will put an extra £10 million into the fund. The C&W scheme’s existing trustees will continue to administer the fund.

C&W retains pension liabilities worth £1 billion covering 9,000 deferred and 1,000 active members.

Steven Haasz, Pru’s corporate solutions managing director, said it had received more than 250 inquiries from companies exploring pension buyouts.

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