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Squawk Box October 10 - Wrapping the week
Conference call organized by Alec Saunders
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It's Friday and we're going to wrap some of the larger stories of the week.
First, let's talk about the economy. On Wednesday and Thursday, VC's in the US started to warn their portfolio companies to tighten belts. Are there safe ports in this storm? Which companies are most likely to crash? BlackBerry Bold quality has been another issue this week. AT&T have delayed deployment, Orange has dropped deployment, and the shares have suffered. Now there's speculation that RIM might be subject to a takeover bid. And how about Verizon's decision to impose a 3 cent increase on wholesale text messages? Just as text seems to be getting a foothold in the US, is the largest carrier poised to kill the business dead. |
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