(Challenges) How Bouygues wants to break Free's codes

Link to Google Translation {http://bit.ly/1nXqlc5}
Link to French Original : {http://bit.ly/1q8m1Kp}

Martin Bouygues, with its box sensation and Miami began to aim it directly Freebox his rival Xavier Niel.

No doubt Martin Bouygues he prepared psychologically for the possibility of selling his telecom operator. But if it resolves, it will be having attempted a maximum of damage to society Xavier Niel. Bouygues Telecom is found today as the company most fragile two and a half years after the launch of Free Mobile. To attack Iliad, CEO of construction group began to aim at heart: its Freebox. And for that, he unsheathed Thursday, June 26, two weapons at the same time: the fiber version of its Sensation box and box for TV called Miami.

1. Doing forget 29.99 euros

Telecom operators have started for some time to depart from the original price of the Freebox since its launch in 2002, the famous 29.99. But up. With the advent of ultra-fast broadband and fiber, all added a few euros for the speed gained as well as for services. There are a few months, Bouygues Telecom has proposed a triple play box to 19.99 euros per month. Pricing present in Free but very discreetly marketed under the Alice brand. Bouygues Telecom is now preparing to commission its fiber box for 26.90 euros.

"We want to set a new benchmark price for internet is one of the staples," insisted Roussat Olivier, CEO of Bouygues Telecom. Please do not return to 29.99 euros! When they have their fiber network operators save 9 euros paid to Orange for the use of its copper network. A 26.99 euros, the offer is profitable, says the officer.

2. Partnering with Google

Technology proposed second box Thursday, June 26, the box "Miami" whose marketing is expected to fall, was designed with the American giant known for its search engine.

As SFR, Bouygues Telecom has selected last year to work with him on a new way to get internet on our televisions. Google, the Chrome browser and applications Play store have been adapted for this type of screen where they are easily accessible with a remote. System presented yesterday by Google at its annual conference for developers, where two French operators have been put forward.

All this is a big change when we look back at the birth of the Freebox. Xavier Niel had gone to California to try to see what electronics giant could produce the box "triple play" - TV, telephone and internet - he had in mind. Seeing that he was not, legend has it that, on an escalator Universal Studios, where he had gone to relax with his small team, he would have decided to do it alone. French operators have kept the habit of working each of their corner. It will not be necessarily the case at a time when Google but Apple trying to break with their own enclosures.

3. Bringing television, game publishers ...

What economic model for future box? So far, the Freebox as its competitors based on a simple system of remuneration: the monthly fee.

Martin Bouygues, deciding to play the price war on the material and the basic service, the gamble to find later income left after entering content partners. "43% of our fiber customers use video on demand" and said Olivier Roussat. Netflix video platform will be a priori present when an agreement has been reached.

In designing the Miami box, TF1, a sister company of the Bouygues group, there was pampered and games from Gameloft. Advertising resources perspectives?

Martin Bouygues is therefore a major challenge of opening the box! Remains to be seen if these major changes will enable it to attract massive amounts of subscribers, via fiber cheap either through the internet on our televisions.

The key will probably picture: the great strength of Xavier Niel , since the launch of the Freebox was winning the war communication and install the idea he proposed a revolution.

>>> Boeing, Airbus enter bids for $1.38 bln S.Korean refuelling plane order

(Reuters) - Boeing and Airbus were among three bidders in South Korea's roughly 1.4 trillion won ($1.38 billion) programme to buy four refuelling tanker aircraft, two people briefed on the matter said on Monday.
South Korea kicked off the acquisition process in March to increase the range of its airborne operations amid rising tensions in the region and with North Korea.
The bids, due Monday, saw the Boeing 767-based KC-46 pitted against Airbus' A330 Multi Role Tanker Transport (MRTT) and Israel Aerospace Industries Ltd's entry of an overhauled B767-300ER, the people said.
They declined to be identified as the matter remained confidential. South Korea expects to close the deal by end of this year.
Boeing and Airbus are in a global competition to fill various requirements for refuelling planes.
Airbus' A330 MRTT has been selected by six countries including Australia, Saudi Arabia, United Arab Emirates and the United Kingdom, with the latest choice by Singapore for six planes in March, according to the company.
In 2011, the U.S. Air Force chose Boeing's KC-46 to start replacing its fleet of ageing KC-135 tankers, and plans to spend $52 billion to develop and buy 179 of the refuelling planes.
Tanker aircrafts are used to refuel fighter jets and other warplanes during flight. South Korea expects the acquisition will boost its fighter jets' airborne operation time by more than an hour.

>>> Gartner: Cuts 2014 global IT spending forecast to $3.7T, +2.1% y/y (-2.6% fr


Gartner: Cuts 2014 global IT spending forecast to $3.7T, +2.1% y/y (-2.6% from prior forecast of $3.8T); prior growth forecast was 3.2% - US financial press 
- Cites lower data center systems growth for revised outlook 
- Cuts data center system spending forecast to +0.4% (cites lower-cost storage options in the cloud and move away from higher end server systems) 
- Now sees device spending growth at 1.2% (cites mobile price cuts)

(Le Monde) Club Med: Andrea Bonomi about to launch its cons-OPA

Club Med: Andrea Bonomi about to launch its cons-OPA

Under pressure from the Autorité des marchés financiers (AMF) , Andrea Bonomi must indicate , Monday, June 30 before 18 hours, if not a deposit or tender offer (OPA) on the French holiday group already coveted by the French fund Ardian himself allied with Chinese conglomerate Fosun. A priori, the Italian businessman seems determined to launch .
A final meeting with various consultants working for Mr. Bonomi, including Lazard, lawyers Cleary Gottlieb, and communication agency Havas Media, was scheduled in the morning.

"This is where we must give or not "go" to the operation. The intention is there to go , but it should of course check various elements, in particular the financing of the project, "said a close discussions . The OPA Mr. Bonomi would occur at a price obviously higher than that of the Franco-Chinese offer on the table, which values ​​the club at 558 million euros. If no deposit offer, the Italian financier can no longer run for six months, according to exchange rules.

MEANS OF AMBITIONS

Since the MFA, May 27, Mr. Bonomi to clarify its intentions, this unassuming figure of Italian capitalism has plunged in detail in the accounts of the Club Med, its business model, its performance.

This further analysis has clearly increased its interest in the company, despite its current difficulties and losses. He felt that the specialist holidays all inclusive vacation has been mismanaged, without having the means necessary to its ambitions, but he can bounce back .

Mr. Bonomi is already the largest shareholder in the French group . As too low the price offered by Fosun and Ardian he had committed since mid-March an operation to block the takeover by buying blocks of shares in exchange . This collection has allowed him to hold a little over 10% stake.

(BFW) Syngenta’s 2014 Guidance ‘Under Threat’: JPMorgan Cuts Rating


Syngenta’s 2014 Guidance ‘Under Threat’: JPMorgan Cuts Rating
2014-06-30 06:47:57.131 GMT


By Chiara Remondini
     June 30 (Bloomberg) -- Syngenta’s S/T trading likely to be
challenging, JPMorgan says in note.
  * JPMorgan cuts to underweight vs neutral, PT CHF250 vs CHF340
  * Trims 2014 organic growth est. to 4% from 6% on lower corn
    seed, crop protection sales in North, South America
    * Reduces 2014/15 EPS ests. by 5%/7%
  * Brokerage sees below avg FCF generation potential in M/T
  * Seeds business to weigh on group returns, sees slower growth
    outlook for global seeds mkt
  * Says unlikely Syngenta to be target of M&A bid, agro sector
    already consolidated, antitrust issues would be “extremely
    challenging”
  * NOTE: Syngenta due to report 1H results on July 23
  * NOTE June 23: Monsanto said to have weighed tax-inspired
    deal for Syngenta
  * NOTE June 26: DuPont cut earnings view for 2Q, yr

For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>

To contact the reporter on this story:
Chiara Remondini in Milan at +39-02-8064-4241 or
cremondini@bloomberg.net
To contact the editor responsible for this story:
James Ludden at +44-20-7673-2645 or
jludden@bloomberg.net

WSJ : Philips to Set Up Stand-Alone Lighting Company

Philips to Set Up Stand-Alone Lighting Company
Dutch Company Seeks Investors for Its Lumileds and Automotive Lighting Business

AMSTERDAM— Philips PHG +0.40% NV said Monday it is seeking investors for its Lumileds and automotive lighting business, which it plans to turn into a stand-alone company within the main group.

"Philips intends to remain a shareholder and customer of the new company and will continue the existing innovation collaboration," the Dutch electronics and health care company said.

Philips, whose products range from kitchen appliances to hospital scanners, reported recently that first-quarter net profit fell 14% from a year earlier, hurt by currency losses and a weaker performance from health care. It said the year had got off to a difficult start because of weakening demand in China and Russia, and that the rest of 2014 was likely to be challenging.

It said at the time that sales slipped 5% to €5.02 billion ($6.85 billion) from €5.26 billion in the first quarter of 2013. Stripping out currency effects, sales were flat on an annual basis, with growth at Philips's consumer electronics business, flat sales at the lighting business and a decline in sales at its health care business.

It said it would slash costs by €1.5 billion this year as part of a continuing restructuring plan.

"Guided by our long-term strategy, we continue to actively manage our portfolio of businesses," Chief Executive Frans van Houten said Monday.

He said Philips wants to intensify its focus on connected LED lighting systems and services, LED luminaires, and LED lamps for professional and consumer markets.

"Both our Lumileds and Automotive lighting businesses are strong players in the lighting industry and ready to pursue more growth and scale, independently of Philips Lighting. As a world-leading lighting components business, they will have increased flexibility to attract additional investors to accelerate growth," he said.

Sales of the businesses being combined were approximately €1.4 billion in 2013. The new unit's CEO will be Pierre-Yves Lesaicherre, the current head of Lumileds.

The process is expected to be completed in the first half of 2015 and setting up the combined business is expected to cost €30 million in the second half of 2014.

(BFW) Mologen Says MGN1703 Shows Outstanding L/T Responses vs Cancer

--> Stock indicated 15% Higher in Pre-market

Mologen Says MGN1703 Shows Outstanding L/T Responses vs Cancer
2014-06-30 06:25:52.893 GMT


By Chris Malpass
     June 30 (Bloomberg) -- Mologen says cancer immune therapy
MGN1703 shows outstanding long-term responses.
  * MGN1703 is treatment for metastatic colorectal cancer
  * Says 3 of 4 patients who continued treatment after end of
    IMPACT phase 2 study still free of progression
  * As of April they were progression free for 32, 36 and 40
    months
  * Says median overall survivability of metastatic colorectal
    cancer is between 24 and 30 months
  * Says no severe side effects reported
  * To start enrollment of patients for phase 3 in next months
    of about ~540 patients in more than 100 European cancer
    centers
  * NOTE: Mologen on May 14 reported wider 1Q net loss as it
    prepared for MGN1703 phase 3 in 2H
  * NOTE: Stock down 27% YTD
Link to Statement:NSN N7YXAL3PWT1E <GO>

For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>

To contact the reporter on this story:
Chris Malpass in Berlin at +49-30-70010-6234 or
cmalpass@bloomberg.net
To contact the editors responsible for this story:
James Ludden at +44-20-7673-2645 or
jludden@bloomberg.net
Chris Malpass

>>> Philips seeks investment for LED, lighting units


Philips seeks investment for LED, lighting units

Dutch electronics group Philips is hiving off its lighting and LED businesses into a separate company, while investigating a part-sale of the business.

In a statement, the Dutch conglomerate said:

Philips will explore strategic options to attract capital from third party investors for this business. Philips intends to remain a shareholder and customer of the new company, and will continue the existing innovation collaboration.
The Dutch group said the combined LED and lighting businesses generated €1.4bn of sales in 2013.

The move comes after the company, which makes everything from medical scanners to shavers, warned of difficult months ahead due to weakening demand from emerging markets.

The conglomerate also said when it reported quarterly results in April that its lighting business was suffering from a downturn in the Chinese construction market.

(Le Figaro) The battle for control of Club Med is launched

The battle for control of Club Med is launched

Andrea Bonomi Italian financier should file an offer today on the group to counter the project management, Ardian and Fosun. GO Club Med gave their support to the CEO Henri Giscard d'Estaing.

All the elements of a good fight are in place. Summoned by the Autorité des marchés financiers ( AMF ) to clarify its intentions vis-à-vis the Club Med , Andrea Bonomi will have to kill his game this Monday, June 30, at the latest 18 hours . And a source close to the case, the Italian financier would indeed intend to make an offer on the famous tourism business. And he would get in direct competition with the proposal, approved last year by the Board of Club Med, one launched by the investment fund joint bid Ardian (ex-Axa Private Equity) and the Chinese group Fosun . Another hypothesis: Italian could procrastinate and rely on the failure of the existing offer, for, perhaps, get back in the race later. None of the players did not want to comment Sunday.
Behind the scenes in recent days led to intense activity. Andrea Bonomi, a real estate heir and Italian industrial dynasty, formed in the United States and in London and the Lazard school, clearly argued his case in Paris. Objective: to convince, and find financial partners. It would have also tried, unsuccessfully, to rally Ardian.
According to our information, no industrialist tourism would be associated with the project. Its funds are the rest traditionally fueled by private equity investors and by "family offices" international. The founder of Investindustrial, which is illustrated by the past by back in the saddle beautiful brands like Ducati or Aston Martin , would argue the potential of Club Med, a globally known name.
According to the Italian, Ardian and Fosun do not pay a fair price: the last ten years, the shareholders of Club Med finance the upgrading of the company, the results regularly affected by crises that destabilize chronically tourism world, struggling to take off.
Henri Giscard d'Estaing at the Elysee

The side of Club Med, and tandem-Ardian Fosun met in Gaillon holding the voltage is raised a notch these days. Henri Giscard d'Estaing , CEO of the group, fiercely defends the Franco- Chinese for his business and fears a hostile bid from the Italian. A view he expressed particular to Ministers Laurent Fabius and Fleur Pellerin, but also to the Elysee. Employees are called in reinforcements. Executive Club insists on both the maintenance of French anchor club, with Ardian, and the prospects of conquering Chinese customers through Fosun.
At this point, the State, which is illustrated by its massive intervention in the folder Alstom particular, remained silent in the case of Club Med. But a well-informed source says he is very attentive to this issue so emblematic. With a red line not to be crossed for potential buyers of the group: the presence of holiday villages in France. Public power is also involved through the Caisse des Dépôts , a shareholder of the club.
Failing to be treated at this stage at the political level, the case involves the first line AMF. Club Med folder is indeed long months since mine trouble. It's been over a year and Fosun qu'Ardian formulated their offer, which also involves the management of the group and values ​​the company around 560 million euros (17.50 euros per share). But this project formalized May 30, 2013 was challenged by minority shareholders in court, which put a lot of time to take it. It was not until late April 2014 that the horizon is clear!
Collection of tracks from mid-March

A period of uncertainty exploited by Andrea Bonomi, who began collecting titles in mid-March. Result: When the judicial mortgage on the OPA has been lifted, the share price had settled over 17.50 euros. Italian financier then announced that it had acquired 10% stake in the club, staying in the ambiguity about his intentions. This is AMF who then forced to reveal his cards under five weeks, no later than that on June 30 A summons to end the rumors. And if Bonomi, who, meanwhile, had access to the accounts of the Club Med does not file any offer will be engaged for six months. The Italian remains the challenged this decision by referring to which justice will look Friday. But interim or not, the AMF is a response Monday. If the move was delayed, it failed.
If the Italian financial deposits indeed an offer, the AMF will organize the schedule comparison of the two proposals on the market. Ardian and Fosun will if necessary to match proposed by Andrea Bonomi or bid price. Bonomi his side might try to make his proposal a friendly offer, that is to say that the board approve. A turnaround that seems unlikely at this stage though.
GO support Henri Giscard d'Estaing

Patron Club Med since 2002, Henri Giscard d'Estaing mobilizes its troops. Faced with the prospect of a "hostile takeover" by Andrea Bonomi, the Club decided to go to the front. Village leaders gathered in Pompadour, Correze, last Friday and sent to the board of the group a letter expressing their concerns and supports Ardian-Fosun project. This project was launched "on a clear internationalization strategy, long-term profitability and also an opportunity for us all to participate financially," they write. They add that they bring their "support to all initiatives that could be taken by the management to the forefront which our president Henri Giscard d'Estaing, we consider our best and our best ambassador GO". Village leaders are not the only ones to express themselves. Thursday on LCI, Jean-Claude Mailly , head of FO (first union in the company) has moved the risk of a "hostile takeover, share an Italian investor who is a raider."