Toyota is raising its earnings forecast

4th February

The Japanese auto giant Toyota, which passes through an unprecedented crisis due to the increasing security challenges in several of its models (the Prius brakes, booster car in the world) announced Thursday returning to profit in third quarter 2009-2010. The manufacturer nippon even raised its financial forecasts, while the annual cost of reminders should cost him between 1.3 and 1.4 billion euros.

For the three months from October to December, the world's largest automaker has made a net profit of 153.2 billion yen (1.16 billion euros), against a net loss of 164.7 billion a year earlier .Operating income from Toyota is also back in the green, with a profit of 189.1 billion (1.43 billion) instead of a loss of 360.6 billion for the same period of 2008-2009 for a turnover up 10.2% yoy.

The company said it now expected to conclude its 2009-2010 fiscal year with a net profit of 80 billion yen (610 million euros), whereas previously it expects a net loss of 200 billion payday advance . The operating loss year should reach 20 billion instead of 350 billion expected previously.

We have revised our forecast for 2009-2010 due to factors such as rising sales and cost reductions in all directions, "said in a statement the Executive Director Takahiko Ijichi Toyota."And our emergency plan to increase our profits grew faster than expected," he added.

Toyota said Thursday that the recall of several million vehicles worldwide due to problems of accelerator was going to cost between 170 billion and 180 billion yen (between 1.3 and 1.4 billion euros). The cost of the recall itself should reach about 100 billion yen, and the costs of declining sales that followed between 70 billion and 80 billion, said during a press conference the Chief Executive Toyota Takahiko Ijichi.

At the Tokyo Stock Exchange, Toyota shares ended Thursday on a further drop of 3.52% to 3280 yen. Since January 21, the group's market value has shrunk by almost 22%.

The saturation threat hangs over mobile networks

6th January

With the boom of smart phones, networks running at full speed for surfing the Web, connect to social networks, send email, video, SMS … As the family expands again with the arrival of "Nexus One" by Google the networks they might saturation? For with the arrival of these phones and multifunction keys 3G networks face increasing traffic without precedent: it will double from one year to another, according to Frederic Pujol cabinet Idate. At Vodafone, he has been multiplied by four!

Several operators have paid the price, such O2 in Britain, which recognized that the iPhone had saturated its London network in recent months, preventing him from making and receiving calls.AT & T, the United States, has experienced the same situation, which led its director of information services that the iPhone was his worst nightmare!

French mobile operators, trained by the British example, take this seriously. But no doom, all three believe that the situation of French networks, which they invest each year is immune to failure.

Heavy investment

"This is a subject on which we are very vigilant but without real concern, says Jean-Marc Tassetto, general manager marketing and public SFR. On the one hand, we invest each year in our network for sizing, or even 1.4 billion euros this year. Secondly, we propose solutions to our customers to address the increase in traffic. "SFR, which has two million SFR-Neuf box connected via Wi-Fi, opened the Wi-Fi to its mobile subscribers.Secondly, SFR is the "femtocell," these small antennae on the DSL box, which should also help alleviate traffic in mobile networks. Finally, Vodafone has introduced a policy of "good practices" to exclude a few users who clog the network with abuses.

Besides the use of iPhone users stabilizes. "The first customers were using 500 to 600 Megabits per month, today the average is 300 megabits. That makes sense: once you've discovered the applications from the App Store, you return to a more reasonable consumer, "says Jean-Marc Tassetto.

Even finding in Orange and Bouygues Telecom. "Bouygues Telecom has no risk of saturation. We have two times less customers than our competitors and yet a similar network architecture.In the current state of the network Bouygues Telecom can triple its capacity because we did not use any bandwidth. The increase of traffic justifies a posteriori all the investments we have made in our 3G network, "says Emmanuel Forest, deputy CEO at Bouygues Telecom. Know sizing the network to customer needs is just the heart of the business telecom operator. "Anticipating the saturation is what we do since our inception in 1996. Each year we add radio cards needed in the network. The phenomenon is expected, and anticipated no difficulties, neither technical nor financial, "he concludes.

Paris goes to end 2009

1st January

The Cac 40 opens this Thursday, for the last time in 2009, an increase of 0.38% to 3950.67 points. While many observers predicted another year of declining market share in Europe, the old continent is not doing too badly. With increases hovering around 20%, German and English indexes have achieved performance close to what the CAC 40 should finally be realized in 2009 at the end of this session shortened. For now, the French index has gained 22.3% since 1 January.

The activity should be reduced, particularly since no statistics are expected today.After closing at 14.30 it will still leave the United States, weekly statistics on employment.

Values follow

The values related to raw materials should be encouraged by new record annual zinc, aluminum and copper in Shanghai.

Geci International has conducted a capital increase reserved to two investors for $ 7.6 million.

The ISP takes 20% stake Avanquest Software

18th November

The Strategic Investment Fund (ISF), the SWF lights, preparing to take forward a 20% stake of Avanquest Software, a French manufacturer of consumer software is also present in the professional sector with products shipped in the mobile phones. Avantquest Software is ranked ninth among ISVs lights.

In a statement released Wednesday, Avanquest indicates that the ISP will inject 6 million euros through a capital increase that will be conducted in early 2010. The capital increase Avanquest should be a total of 8 to 9 million euros, with retention of preferential subscription rights.Taking as reference the Group's market capitalization at the close Tuesday, the ISP would hold at the end of the transaction, approximately 12% of capital Avanquest.

Meanwhile, the Strategic Fund will acquire 3 million euros in convertible bonds issued by the software publisher. The ISP also expressed readiness to participate in a "future fund raising, once a major project of external growth would, for a total investment of the two transactions exceeding 20 million euros. This second operation would be, if, before March 31, 2011, the participation of ISPs are capped at 20%.

Avanquest has already completed a capital increase in March

The ISP had set the tone earlier this year by partnering with the French association of software publishers (Afdel).The fund, whose capital is owned 51% by the Deposit and 49% by the French state has already chosen other targets in software publishing. He announced his entry with Cegedim, a specialist in customer relations for the pharmaceutical industry in which it would inject 117 million euros. But while health Cegedim is flourishing, that Avanquest is more delicate.

The company co-founded in 1984 by Bruno Van Ryb has changed in size in two major acquisitions in 2007. Avanquest has indeed swallowed Nova Development in the United States and Emme in Europe, which enabled him to climb the third step of the podium European consumer software.But last year, the company saw its sales fall by 10.6% to 104.1 million euros and has posted losses for the second time.

Last March, Avanquest, which has cut its workforce, conducted a capital increase of 7 million euros during which Oddo Asset Management has gone to join other investors (Turenne Capital, OTC Asset Management, After Flora, IDI Edmond de Rothschild Investment Partners and AGF Private Equity). The ISP should become the largest shareholder of the company while employees and managers 17.3% of total capital Avanquest.