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Colt posts H1 loss on restructuring charges
2015-07-31 09:20:00| Telecompaper Headlines
(Telecompaper) Colt reported first-half revenue up 2.6 percent year-on-year to EUR 790.8 million. Excluding currency effects, revenue declined 1.3 percent as the acquisition of KVH was more than offset by the company's exit from low-margin carrier voice trading contracts. EBITDA of EUR 156.4 million was up 7.6 percent, thanks to the takeover in Asia and the restructuring programme in 2014. At constant currency rates, EBITDA grew 6.7 percent. Colt recorded a pretax loss of EUR 13.0 million versus a profit of EUR 13.6 million a year ago due to EUR 128.4 million in one-time costs, including an impairment charge of EUR 87.1 million for exiting the IT Services business, restructuring of EUR 32.2 million and EUR 9.1 million for vesting options after Fidelity's buy-out offer for the company. Free cash outflow narrowed to EUR 7.3 million from EUR 29.1 million in the year-earlier period, thanks to improved EBITDA and working capital, and reductions in capital expenditure. Colt said its shareholders will vote on the Fidelity offer 11 August.
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loss
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Level 3 swings to loss on charges
2015-07-29 15:22:02| Telecom - Topix.net
Level 3 Communications Inc. on Wednesday said it swung to a second-quarter loss on charges related to its efforts to improve its balance sheet, halting a string of six straight quarters of profits. Shares of the Broomfield, Colo., telecommunications-services provider fell 1.8% to $51.57 in recent premarket trading, as the company's revenue fell short of analysts' estimates.
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loss
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swings
Samsung Monitor Wirelessly Charges Your Phone
2015-07-27 19:03:30| PC Magazine Desktops Product Guide
The SE370 monitor is compatible with all mobile devices using the Qi wireless charging standard.
Tags: phone
monitor
samsung
charges
Samsung Monitor Wirelessly Charges Your Phone
2015-07-27 19:03:29| PC Magazine Cell Phones Product Guide
The SE370 monitor is compatible with all mobile devices using the Qi wireless charging standard.
Tags: phone
monitor
samsung
charges
Cabot stepson faces criminal charges for alleged fraud
2015-07-25 06:31:05| Chemicals - Topix.net
His father was a Mexican diplomat, but it was the surname of his stepfather that he always used in his business dealings. That all-too-familiar Boston Brahmin name was surely an advantage when Carlton Penavera Cabot asked clients to entrust him with millions of dollars for real estate investments.
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criminal
fraud
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