Daily News: Reuters Technology News Headlines - Hon Hai in talks to buy 22 percent of Asia Pacific Telecom: report

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Sunday, May 04, 2014 08:40 PM PDT
Today's Reuters Technology News Headlines - Yahoo! News: Hon Hai in talks to buy 22 percent of Asia Pacific Telecom: report SAP's Vishal Sikka steps down, two new board members named Siemens close to sale of airport logistics unit: Bloomberg Twitter stock overpriced despite recent price drop: Barron's

Hon Hai in talks to buy 22 percent of Asia Pacific Telecom: report  Sunday, May 04, 2014 08:40 PM PDT By Michael Gold TAIPEI (Reuters) - Hon Hai Precision Industry Co Ltd, which makes iPhones for Apple Inc, is in talks to buy 22 percent of compatriot mobile network provider Asia Pacific Telecom Co Ltd, local media reported citing unidentified sources. The deal will be worth T$11 billion to T$14 billion ($464.48 million) and represent all Asia Pacific Telecom stock held by government-owned enterprises, the Commercial Times reported on Monday. ... Full Story	Top
SAP's Vishal Sikka steps down, two new board members named  Sunday, May 04, 2014 05:34 PM PDT (Reuters) - German business software maker SAP AG said Vishal Sikka, head of products and innovation, has stepped down and that it had named two new members to its executive board. Sikka was leaving SAP for personal reasons with immediate effect, the company said in a statement on Sunday. A computer scientist by training, Sikka was key in developing SAP's flagship product, Hana, which helps firms analyze large amounts of data quickly, and bringing it to market. "I would like to personally thank Vishal for his contribution to take SAP to this stage," said Hasso Plattner, chairman of SAP's supervisory board. Full Story	Top
Siemens close to sale of airport logistics unit: Bloomberg  Sunday, May 04, 2014 03:25 PM PDT (Reuters) - German engineering firm Siemens AG is close to finalizing an agreement to sell its logistics and airports solutions business to a group led by billionaire investor Wilbur Ross, Bloomberg reported on Sunday, quoting people familiar with the talks. Officials at Siemens were not immediately available for comment. Siemens plans to retain a minority stake in the unit, which is based in Constance, Germany, to help secure jobs, said the sources, who asked not to be identified because negotiations are private, the article said. Siemens will likely announce the sale as early as this week and the supervisory board is set to sign off on the transaction on May 6, one of the sources told Bloomberg. Full Story	Top
Twitter stock overpriced despite recent price drop: Barron's  Sunday, May 04, 2014 02:40 PM PDT (Reuters) - U.S. micro-blogging company Twitter Inc still looks overpriced even after a 47 percent drop from its late December high of $74, according to an article in the May 5 edition of Barron's. Officials at Twitter were not immediately available for comment. The Barron's article said Twitter trades at a "big premium" to other Internet stocks based on its price/sales ratio, and its user growth is slowing. Shares of Twitter, which ended on Friday at $39.02, could drop toward $30, which would still leave it trading at a premium to Facebook Inc on a price/sales ratio, Barron's said. The number of U.S. users at 57 million appears to be plateauing despite efforts to make Twitter more appealing, Barron's said, warning that "Twitter's quirky format may make it tough for it to become a mass-market medium like the more user-friendly Facebook." (Reporting by Scott DiSavino; Full Story	Top

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