Saturday, 27 March 2010
u - NXP ted...
u - NXP ted... I was expecting that the 8 of April give me beating in my head tonight. And it was. First, appear the one operation features in my Word software, only in russian and than the double electric shock in opposite direction, through my head. In this “way” explaining to me the role and the position of the UK. The position of the “middle” between the bigs of Proliferation Treaty. Than, almost unexpectedly, (because I insist on this for decades), the “bastardness of Prince Charles the II” – pop-ups. The Co telling, whit which I have the same opinion, that it’s was because of his son. The exact words I direct yesterday to HIM, and the rest of the Royal Family of Lancaster’s of “future of our civilization”. The second explanation to my hitting was that World since the primordial times, like to do ‘the nuclear tests simultaneously’, - which is absolute rubbish. But, where is exactly to lie the “bastard Prince the Charles the II” with his son and the “City of London Corporation” culture. And off course, my Application Form for the Barbican 4 Grade Administrator position. To don’t speak about the shit from nation…, - that I clean out since the 1735 in the toilets of British Natural History Museum.
KKR Said to Plan $1 Billion IPO for NXP in Year’s Biggest Deal. March 27 (Bloomberg) -- NXP BV, the Dutch chipmaker bought by KKR & Co. four years ago, plans to raise at least $1 billion to cut debt in a deal that would be this year’s largest initial public offering, two people with knowledge of the matter said. NXP hired Morgan Stanley, Barclays Plc, Credit Suisse Group AG, Deutsche Bank AG and Goldman Sachs Group Inc. to run the stock sale, according to the people, who asked not to be identified because the talks are private. KKR, Silver Lake, AlpInvest Partners NV, Bain Capital and Apax Partners acquired an 80.1 percent stake in the firm from Royal Philips Electronics NV in 2006, in a multistage deal valuing the company at 8.3 billion euros ($11.1 billion), including debt. KKR said in December its NXP investment was worth 30 cents on the dollar. Kristi Huller, a KKR spokeswoman in New York, declined to comment on the potential IPO. Spokesmen for the five banks also declined to comment. Buyout shops have been trying to take companies public to use the proceeds to pay down debt. The group of sponsors borrowed $4.5 billion to fund the takeover four years ago. The semiconductor company’s debt rose to $6.4 billion by the start of 2009. NXP cut that by $1.3 billion through bond exchanges, buy-backs and “privately negotiated” deals last year, the company said this month. At $1 billion, NXP would be the biggest announced offering this year. Earlier this month, Bain Capital LLC’s Sensata Technologies Holding NV completed the largest U.S. IPO of 2010, selling $569 million of shares at the low end of its expected price range. NXP’s owners aren’t planning to also run a prospective auction for the company, said the people with knowledge of the matter, in part because Philips intends to keep its stake of about 20 percent. That would complicate a sale to any firm competing with the Dutch lighting company. NXP, with 29,000 employees, makes computer chips for customers such as Nokia Oyj, Continental AG and Robert Bosch GmbH, according to its Web site. The Eindhoven, Netherlands- based firm’s revenue dropped to $3.8 billion in 2009 from $5.4 billion the previous year.
COMPANY OVERVIEW
NXP B.V. provides various application-specific semiconductors, including system solutions and semiconductor components worldwide. It offers application-specific semiconductors, selected components, and system solutions for use in mobile and portable devices, such as cellular handsets (Near Field Communication or NFC, is a short-range high frequency wireless communication technology which enables the exchange of data between devices over about a 10 centimeters (around 4 inches) distance.) and portable media players; system solutions for analog TV, digital TV, set-top boxes, and PC-TV application markets; and related semiconductor components for various consumer products. The company also provides system solutions and semiconductor components used in car audio/radio, in-vehicle networking, car access and immobilization, tire pressure monitoring, magnetic sensors, and safety and comfort applications; and for radio frequency identification, near field communication, and eGovernment applications in the automotive and identification application markets. In addition, it offers various standard products, such as small signal diodes, medium power rectifiers and protection devices, BISS and RET transistors, discretes and ESD protection devices, bipolar power transistors, diodes, triacs, MOSFETs, and general purpose logic devices; and application-specific standard products, including microcontrollers, ARM and 8051 based products, analog-to-digital and digital-to-analog data converters, clocks, watches, graphic and power management devices, and radio frequency devices. NXP B.V. also licenses and cross-licenses its intellectual property to semiconductor companies and other technology firms; and develops audio and video multimedia solutions that enable mobile device manufacturers to produce differentiated hand-held products. The company markets and sells its products to original equipment manufacturers, original design manufacturers, contract manufacturers, and distributors. It was formerly known as Philips Semiconductors International B.V. and changed its name to NXP B.V. in September 2006. NXP's customers include Apple, Dell, Ericsson, Nokia, Samsung, Siemens, and Sony. In 2006 Philips sold majority control of NXP to a consortium of private equity firms for E3.4 billion, keeping an equity stake of around 20% for itself. The company was incorporated in 1990 and is headquartered in Eindhoven, the Netherlands. High Tech Campus 60, Eindhoven, 5656 AG, Netherlands. Founded in 1990. 28,150 Employees. Phone: 31 40 272 9999. Fax: 31 40 272 2415. www.nxp.com. Richard L. Clemmer, Chairman of Management Board, Chief Executive Officer and President.
The Euro Crisis. The financial daily Handelsblatt writes: "Now Greece has to bow down to the IMF and its strict conditions. Out of pride and principle, many Europeans see this as wrong-headed. Central banks within the euro zone are certainly not keeping their concerns a secret. The iron chancellor has scored a victory, but a lot of plates will be shattered in the process." "But payback will come as surely as school kids take revenge on the school bully. Where will the majority for a German head of the European Central Bank now come from? Also, the much-needed agreement on a European Monetary Fund is now far from the agenda. The euro zone needs more transparency and controls as well as the ability to exclude those who continue to break the rules. But after the battle over Greece, there is scarcely much hope for a new consensus."
The center-left Frankfurter Rundschau writes: "If -- after forty years and a single currency -- the Chancellor now calls on the International Monetary Fund to save Greece, she is betraying the very concept of Europe. In calling on the IMF, Merkel calls on none other than the United States, which dominates the IMF with its blocking minority of 17 percent. What a wretched state of affairs. What a disgrace for the European Commission and the European Central Bank. It is as if Germany could not solve a problem of the size of Hesse." "And the betrayal goes deeper still: In the past, every European crisis has deepened EU integration. It moved forward in the very moments when the pressure became unbearable and the institutions revealed weakness. Now, though, it is moving backwards."
The Financial Times Deutschland writes: "This compromise puts the Greek patient out of danger, for now. But at the same time there is a new arrival in intensive care: the European currency union. And its plight will be passed on to a working group, or, in other words, it will be more or less ignored." "Regardless of whether the euro group helps Greece directly or whether member states opt for bilaterally coordinated loans, the Stability Pact has been made obsolete. The so-called no-bailout clause in the Maastricht Treaty is formulated with such clarity, its intention so obvious, that as soon as a euro zone member is given financial help, it will represent a violation both in word and spirit of that treaty. It is possible to consciously decide to break the rules if a situation demands it, such as in the case of Greece. But then, at the same time, you have to hammer out new mechanisms to ensure the stability of the euro -- but this issue has been buried in a workgroup."
The conservative Die Welt writes: "To be sure, Greece has violated the letter of the Maastricht Treaty, thereby jeopardizing the euro. But Germany has also gone against the spirit of the treaty -- thus endangering Europe. The strong man strategy currently being pursued does not only block the road to further European integration, it also threatens to destroy decades of progress towards integration".
"In the context of the south-European crisis, to portray Germany as a poster boy could hardly be more tactless. To restore the competitiveness which Spain and Greece have lost compared to Germany since the introduction of the euro, wages there would have to fall by about 20 percent. And to have a state deficit of up to 3 percent by 2013 would mean each one would have to put up with a (cumulative) reduction of gross domestic product by about 15 percent. No population would want to put up with such changes for three years." "There are surely better solutions than simply shoveling money from north to south. But Berlin is not even open to discussion -- instead it simply refuses to acknowledge that Germany itself is part of the problem too."
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