Tweeting the tough questions
Telecom’s annual results today are historic. It is the last time the vertically integrated telco will report as one company. Very soon its shareholders will receive information about the proposed demerger of its network arm Chorus.
The results were not impressive. A small percentage rise in EBITA made on the back of massive cost cutting. Net earnings are down a staggering 56.5 percent. The fixed-line copper asset was written down $257 million as the telco prepares for the new world of fibre networks. As well, 98,000 mobile subscribers were lost to the company and while the telco says these are lowly prepaid CDMA connections, and that mobile revenue rose in the second half by five percent, these are not exactly ringing results for the conversion to the new XT network.
But hey, it is Friday and this is Fry Up, so there has gotta be a lighter side to this. Thank goodness then for our colleagues at TVNZ, who attended the annual results briefing ready to ask the tough questions. We know this because they sent this message out on Twitter prior to the presentation.
Kim Vinnell, TVOne:
Waiting for the Telecom briefing to start. Let's see what the CEO has to say about the failed campaign. Any questions for Mr Reynolds on the #abstainforthegame campaign? Get em in quick
The consensus among most analysts and other observers of the mobile space, is that Google’s US$12 billion purchase of Motorola Mobility was made more for Motorola’s patent portfolio than its mobile technology.
The buy is seen as a defensive move against possible patent infringement lawsuits by competitors – the kind that Apple, Samsung and HTC are embroiled in, along with Google fighting a lawsuit from Oracle.
As San Francisco tech commentator Bill Snyder points out, the billions being spent on acquiring patents and fighting over them in court could be much better spent on employing staff and engaging in innovation at tech companies.
Can we just leave the Rugby World Cup marketing to the amateurs please
Home-sick Kiwis enter Australian competition to get a free trip home with this ode to all things Ni Zillund.
Hat tip to Unlimited editor Mark Revington.