Nokia yesterday slashed its growth forecasts for 2002, knocking confidence in the telecoms market and causing its shares to plummet. Recently renewed optimism, brought about in part by Motorola’s reassurance that it was on target to attain positive growth this year, was reversed as telecoms shares including Ericsson, Motorola and Alcatel fell. Nokia has downgraded… Continue reading Nokia Slashes Growth Forecasts For 2002

Pre-tax profits fell by 39.0% to £36.0 million at SMG, whilst turnover dropped by 6.6% to £280.8 million, according to the company’s year-end financial results released this morning. Whilst SMG has clearly been hit by the advertising downturn in the year to 31 December 2001, these results are pretty much in line with market expectations.… Continue reading SMG Profits Hit By Ad Downturn

The German economy – Europe’s largest – officially moved out of recession in the first quarter of this year, according to a report from the World Advertising Research Centre. The country’s Federal Statistics Office said the economy expanded slightly, by 0.2% in Q1 2002, following a 0.3% decline in Q4 2001 and a 0.2% fall… Continue reading Germany Economy Moves Out Of Recession

colspan=”9″>Global E-Cinema Forecasts From Screen Digest 

India’s film business is set for a period of sustained growth according to new research by Dodona. Dodona forecasts that production investment will rise 70% by 2006 and that the Indian film industry’s export revenues will rise 120% over the same period. The researcher also predicts that foreign films’ theatrical rentals in India will also… Continue reading Indian Multiplex Boom Will Provide Boost For Bollywood

The penetration of regular internet use in Europe is now 39%, although half of these users are aged 35 or less, according to a new report from Forrester Research. This indicates that the web is still predominantly domain of the young and well-educated says Forrester. The mainstream population, along with technology pessimists, are still yet… Continue reading European Internet Penetration Forecasts From Forrester

Gartner has forecast that the slowdown in European corporate IT spending has reached its lowest point and levelled off. However, the researcher warned that a return to growth will not be evident until at least the middle of 2003. A new European survey, carried out by Gartner, found that the number of companies planning to… Continue reading Corporate IT Spending To Remain Flat In 2002, Says Gartner

Instant messaging (IM) and unified messaging (UM) applications for service providers will drive the worldwide messaging applications market from $1.1 billion in 2001 to $4.2 billion in 2006, according to new research by IDC. “While 2001 was a downbeat year for some markets, it was packed with innovation for messaging application vendors,” said Robert Mahowald,… Continue reading Instant Messaging Will Generate $4.2 Billion In 2006, says IDC

Debt-laden cable company NTL (see NTL Rejects Liberty, But Merger With Telewest Could Still Make Sense) announced this morning that a deal with bondholders had been agreed in principle which would see operations divided between two companies in order to facilitate recapitalisation. NTL said that agreement had been reached “in principle on recapitalisation terms with… Continue reading NTL Rescue Plans Revealed

Real terms advertising growth will not return in the UK until 2004, according to the latest ad forecasts from Zenith Media, released today. Real term growth The figures show that the five major European ad markets of France, Germany, Italy, Spain and the UK will show a combined real terms growth (after accounting for inflation)… Continue reading UK Will Not See Real Terms Ad Growth Until 2004, Say Zenith Forecasts