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Samsung warns for EUR 2.4 bln revenue drop in Q4, Q1

2016-10-14 09:51:00| Telecompaper Headlines

(Telecompaper) After lowering its guidance for the third quarter on the back of its Galaxy Note 7 woes, Samsung said it expects a drop in revenue to continue affecting revenues the following two quarters. The company said the move will have a negative impact of mid KRW 3 trillion (EUR 2.4 billion) on its operating profit from the fourth quarter of this year through the first quarter of next year. The impact is expected to be in the mid KRW 2 trillion range for Q4 2016 and RWN 1 trillion for Q1 2017.

Tags: eur drop samsung revenue

Materna installs new self-service bag drop at Toronto Pearson International Airport

2016-10-11 01:00:00| Airport Technology

Germany-based Materna has provided a new self-service bag drop solution at Canadas Toronto Pearson International Airport.

Tags: international drop bag airport

Oracle may drop NetSuite takeover after low initial take-up

2016-10-10 09:00:00| Telecompaper Headlines

(Telecompaper) Oracle has extended its tender offer for NetSuite for another month after low initial take-up. Under the terms of the offer, Oracle must acquire a majority of NetSuite's shares not owned by the Oracle CEO Larry Ellison or his affiliates. At the initial expiry 06 October, the company had received only 11.2 percent of the unaffiliated shares. The offer was subsequently extend to 04 November.

Tags: low initial drop oracle