意外撤回446亿美元并购案　微软不买雅虎了

（2008-05-05）
http://www.zaobao.com/gj/gj080505_501.shtml




　　（旧金山、纽约综合电）喧腾一时的全球软件巨人微软(Microsoft)并购搜寻引擎雅虎（Yahoo）案，美国时间星期六出现戏剧性变化，由于价钱谈不拢，微软已经撤回先前提出总值446亿美元并购案计划。
　　微软为了与搜寻网站龙头谷歌（Google）一较长短，一直期盼透过并购华裔企业家杨致远创办的雅虎，而能有所突破。

　　美国媒体报道，双方星期六再次试图就合并金额协商，但努力再次落空。这项急转直下的决定是在双方周末最后协商破局后宣布。

　　据微软总裁巴尔默（Steve Ballmer）写给雅虎总裁杨致远的信，微软原本愿意提高价格，以475亿美元，约每股33美元的新价收购雅虎，这比目前雅虎每股29.4美元的股价高出不少。

　　不过，雅虎认为微软提出的价格依旧偏低，它起码要求每股37美元，也就是总价至少530亿美元以上，才肯放手。

　　这几乎是三个月前，微软首次提议要收购雅虎时，当时雅虎股价每股19.18美元的一倍。微软当时提出要以每股31美元的价格收购雅虎，但双方一直无法就收购价达成协议。

　　巴尔默表示，雅虎的要求不合理，因此这桩交易谈不拢而宣告破局。他在公司网站上发表的信中说：“尽管我们作了最大的努力，包括将收购价提高到将近500亿美元，雅虎还是无动于衷，不愿接受我们的献议。”

　　他说：“经过谨慎考虑后，我们相信雅虎的要求对我们不合理，撤销收购献议有利微软的股东、雇员及其他利益相关者。”

　　在写给杨致远的信中，巴尔默说：“以你最后的立场看来微软的出价还是不够高，你坚持微软支付另外50亿美元或更多，或至少每股比我们提出的33美元多4美元。”

　　巴尔默指出，微软没有计划进行敌意收购，及向股东直接收购雅虎。
　巴尔默写到：“对我而已是很清楚的，要微软直接向你的股东提出我们的收购献议，这是没有意义的。”
　　对于微软的决定，雅虎保持低调，它在声明中认为，这项收购献议的目的是要分散注意力。杨致远在公司网站上作出反应：“收购过程贬低了我们独特和具有价值的策略地位。”

　　许多分析师相信，收购僵持不下使两家公司浪费时间精力，反让竞争对手谷歌渔翁得利。

　　硅谷分析师恩德乐说：“微软做对了，它们掉头就走，雅虎的股价周一将大跌。”

　　分析师认为，微软的出价推高了雅虎的股价，现在收购告吹了，雅虎的股价要跌回去了。

我国4月份采购经理指数连续第二个月萎缩

（2008-05-05　5:10 pm）


http://realtime.zaobao.com/2008/05/080505_30.shtml



　　（综合讯）由于4月份我国订单和新出口订单进一步减少，我国4月份的采购经理指数连续第二个月萎缩，比上个月下跌0.1点，达到49.3点。

　　电子业继续其增长的势头，连续第21个月取得扩充，指数比3月下跌0.5点，落到50.2点。

《联合早报网》
（编辑：黄秀茱）

UPDATE 1-Singapore's DBS Q1 net down 2 pct, less-than-feared 07 May 2008 07:49

(adds detail, quotes)

By Saeed Azhar

SINGAPORE, May 7 (Reuters) - DBS Group <DBSM.SI>, Southeast Asia's biggest bank by assets, posted a less-than-feared 2 percent drop in quarterly profit, as fast loan growth partially offset a loss in trading income due to credit-related writedowns.

The Singapore lender said on Wednesday it wants to continue to grow its business despite a challenging environment, as a global credit crisis haunts financial markets and a looming U.S. recession threatens to slow Asian economic growth.

"Despite the challenging trading and capital markets environment, we continued to grow our customer franchise and increase business volumes, while remaining prudent and vigilant on costs," DBS Chairman Koh Boon Hwee said in a statement.

The bank took a previously announced S$86 million ($63.33 million) of writedowns in the first quarter on complex derivatives exposed to risky debt, which pushed its trading income into the red.

But the writedown was much lower than last year when it wrote down S$270 million on structured instruments, the bulk in the fourth quarter, including debt exposed to the collapsing U.S. subprime mortgage market.

Net profit in January-March was S$603 million ($444 million) from S$617 million a year ago. Analysts had predicted net profit of S$566 million, according to an average forecast from six analysts polled by Reuters.

The result came after United Overseas Bank <UOBH.SI>, Singapore's second-biggest bank, posted a 2.1 percent rise in quarterly profit, broadly in line with market forecasts, but warned that loan growth could slow this year.

Former Citibanker Richard Stanley, who took charge as DBS's new chief executive last week, will brief the media and analysts for the first time later on Wednesday.

Analysts are looking for hints on how Stanley plans to grow DBS's Asian business beyond its core markets of Singapore and Hong Kong, from where it derives about 90 percent of its earnings.

The Singapore-based lender, in which state investor Temasek Holdings [TEM.UL] has a 28 percent stake, said lending grew 21 percent in the quarter from a year earlier to S$114.2 billion, led by corporate loans.

Interest income also rose 9 percent from a year ago to S$1.057 billion, despite lower margins amid falling Singapore interest rates. Fee income rose 14 percent to S$353 million in the Jan-March period from a year earlier, but fell 7 percent from the previous quarter.

DBS shares dropped 13 percent in the first quarter, underperforming its rivals, UOB whose shares dropped 3.8 percent in January-March and third-ranked OCBC, which saw a 2.3 percent fall in its share price. (Reporting by Saeed Azhar, Editing by Kim Coghill and Neil Chatterjee) ((saeed.azhar@reuters.com, Reuters Messaging: saeed.azhar.reuters.com@reuters.net, +65 64035664))


Reuters 3000 Xtra clients can now view daily data on how reported Asian company earnings compare with analysts' forecasts, as measured by Reuters Estimates. Double click on [ASIA/EARN] ($1=1.358 Singapore Dollar) Keywords: DBS/RESULTS