Results diary

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08:57GMT 18Nov2008-Wolseley falls as weak Q1 adds to debt worries

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Shares in Wolseley fall 5 percent after the building supplies blue chip reports poor first-quarter trading, increasing concerns over its banking covenants.

"Interest cover covenants and net debt to EBITDA remain the key concern," says Citi analyst Clyde Lewis. "The net debt position has deteriorated to 2.69 billion pounds in the first 3 months due to seasonal patterns and the translation of non sterling debt."

Deutsche Bank analysts describe it as a "weak Q1 trading statement from Wolseley that we believe will heighten concerns over the balance sheet".

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Reuters messaging rm://ben.deighton.reuters.com@reuters.net

08:42GMT 18Nov2008-Walker Crips down on fall in H1 profits

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Shares in Walker Crips tumble 16.2 percent as the British financial services group posts a 42 percent fall in first half pretax profit, prompting Altium Securities to downgrade its 6-month trading recommendation on the stock to "sell" from "neutral" and cut its estimates.

Altium says it has reduced 2009 pretax profit estimates to 13.7 million pounds from 15.1 million pounds, with EPS coming down to 1.4 pence from 2.4 pence.

The broker also cuts 2010 forecasts; pretax profit falls to 13.9 million pounds from 16.2 million pounds, while EPS drops to 1.8 pence from 3.2 pence.

Altium says because of the reduction to its estimates it expects the shares to come under some pressure in spite of the cash on the balance sheet and strong

performance within the fund management division.

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Reuters Messaging rm://david.brett.reuters.com@reuters.net

09:38GMT 18Nov2008-Deutsche Telekom lower on broker downgrades

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Shares in Deutsche Telekom drop 2.3 percent after Deutsche Bank and Goldman Sachs both downgrade the stock on valuation grounds saying it has been a strong sector performer and now largely prices in the company's positive outlook and positive strong catalysts in the coming months.

Deutsche Bank, which downgrades Deutsche Telekom to "neutral" from "buy" and

lowers its price target to 14.2 euros from 15.3 euros per share, recommends peers Vodafone and Telefonica over the German company.

Goldman Sachs downgrades the stock to "neutral" from "buy" removing it from

the brokerage's "Pan-Europe buy list" and pegging its target price at 13 euros per share.

Both brokerages mention increased cost cutting and possible better-than-expected performance in domestic business as factors that may allow Deutsche Telekom to surprise on the upside.

Reuters Messaging rm://tyler.sitte.reuters.com@reuters.net

08:35GMT 18Nov2008-Deutsche Boerse falls on talk big funds might exit

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Shares in German stock exchange operator Deutsche Boerse fall 1.9 percent, putting them among the leading losers in Frankfurt's DAX top-30 index , amid talk that activist investment funds TCI and Atticus might choose to divest their stakes having failed in their push for a strategy change.

Together, TCI and Atticus own 19.3 percent of Deutsche Boerse, down from 19.4 percent earlier.

Konrad Becker, analyst at Merck Finck, says in a note that he does not exclude that the funds "will try to reduce or to terminate" their holdings, which he says might put pressure on Deutsche Boerse's share price.

Deutsche Boerse's shares underperform European sector peers such as London Stock Exchange, the Paris-listed shares of NYSE Euronext and Spain's BME. For more double click on

Reuters Messaging rm://peter.starck.reuters.com@reuters.net

08:33GMT 18Nov2008-Stocks inch lower early as banks slip

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European shares inch lower in early trade, as falling banking shares offset gains in the tech sector while energy shares rise along with oil prices.

By 0835 GMT, the FTSEurofirst 300 index of top European shares is down 0.3 percent at 835.02 points in choppy trade.

Nokia gains 3.6 percent, Total rises 1.2 percent, while BNP Paribas drops 7.5 percent and Banco Santander falls 3.6 percent.

Reuters Messaging rm://joanne.frearson.reuters.com@reuters.net

08:38GMT 18Nov2008-FTSE Small Cap Index down 0.2 percent early

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The FTSE Small Cap Index falls 0.2 percent, marginally outperforming the larger UK blue chip stocks, which falls 0.5 percent.

Spring Group slides 6 percent as the professional staffing and workforce management company reports that global economic volatility has caused a softening in some of its markets and given the uncertainty, it is taking the appropriate steps to reduce costs.

Walker Crips slumps 16.2 percent after it announces its first half profits fell 42 percent to 810,000 pounds, prompting Altium Securities to repeat

its 6-month trading "sell" recommendation.

Reuters Messaging rm://david.brett.reuters.com@reuters.net

08:07GMT 18Nov2008-MPC falls as company issues profit warning

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Shares in German holding company MPC fall 14.5 percent to the bottom of Frankfurt's smallcap index, after the company says it will write down 80 million euros ($101 million) of its investment in HCI Capital , adding it now expects a consolidated net loss of 70 million euros in 2008.

"MPC's shares have already been hammered, but one can see there seems to be a weekly deterioration in the segment," says a Frankfurt-based trader.

MPC already lowered its full-year profit guidance in October and in August.

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Reuters Messaging rm://christoph.steitz.reuters.com@reuters.net

07:46GMT 18Nov2008-Arques seen down after company cuts 2008 outlook

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Shares in German investment group Arques are indicated 6.6 percent lower, according to Lang & Schwarz, after the company slashes its full-year outlook for the second time this year.

The company says it posted 51 million euros ($64.49 million) of impairment losses on its holding in automotive supplier Eurostyle in the third quarter.

"The company seems to be more affected by the recession than previously expected, in particular with regard with the automotive supplier segment," says Viscardi analyst Peter-Thilo Hasler, also pointing to the fact that banks have made the borrowing of money more difficult.

The company now expects full-year earnings before interest, tax, depreciation and amortisation to reach at least 100 million euros, down from a previous estimate of 200 million euros.

Reuters Messaging rm://christoph.steitz.reuters.com@reuters.net

07:41GMT 18Nov2008-European stock index futures point to dip

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European stock index futures point to a weaker opening following a lower close overnight as concerns grow about a deep global recession.

Futures for the DJ Euro Stoxx 50, Germany's DAX and France's CAC 40 are down 0.1-0.5 percent.

The U.S. market closed lower overnight, while Japan's Nikkei closed down more than 2 percent on Tuesday.

European companies:

Baloise Hldg

British Energy

Burberry

ICAP

Carphone

Enterprise Inns

Lonmin

Premier Foods

REXAM

WELLSTREAM HLDGS

Wolseley

U.S. companies:

Medtronic

Home Depot

Macro (GMT):

0930 GB CPI

1330 US PPI

Reuters Messaging:joanne.frearson.thomsonreuters.com@reuters.net Keywords: MARKETS EUROPE STOCKSNEWS

COPYRIGHT

Copyright Thomson Reuters 2008. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.

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"We welcome others helping us invest into broadband networks of the future and will open our network on fair conditions, but not at any price."

Deutsche Telekom is currently sinking about 3 billion euros ($4.6 billion) into building a new, ultra-high speed broadband network in Germany and has been forced by German and European regulators to offer affordable access to rivals.

The former state monopoly wants VDSL to be exempt from regulation, arguing it needs to negotiate access and prices with rivals on its own to recoup its investment.

Currently, Deutsche Telekom AG charges rivals a monthly fee to use its copper wires from phone exchanges into homes and businesses.

VDSL, (Video over DSL), is a faster version of DSL technology with speeds of several tens of megabits per second, enough for high definition video for example.

Fixed-line operators such as Deutsche Telekom are keen to offer more broadband services to compensate for customer declines in traditional landlines and compete against cable companies' all-in-one packages of video, telephone and Internet services.

Deutsche Telekom has set itself a goal of winning around 500,000 customers this year for its television service via broadband Internet IPTV.

Hoettges said he was confident Deutsche Telekom would reach that goal by the end of the year and said around 400,000 customers had already signed up for IPTV.

(Reporting by Nicola Leske; Editing by Andre Grenon) Keywords: DEUTSCHETELEKOM/VDSL

(nicola.leske@thomsonreuters.com +49 69 7565 1214; Reuters Messaging: nicola.leske.reuters.com@reuters.net)

COPYRIGHT

Copyright Thomson Reuters 2008. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.

MMMM

InfoVista's proactive network service assurance solutions for both service providers and enterprises ensure the optimal delivery of mission-critical networked services, applications, and infrastructures. InfoVista's robust solutions make it possible for service providers and enterprises to detect performance issues and service degradations early, allowing these organizations to resolve problems before their end users are impacted. This is highly important in a world where consolidation--encompassing mobile, broadband, and business service networks--is a reality and the focus is on treating applications with the highest competence to ensure a true quality of experience for the end user.

Companies on InfoVista's impressive client list include Bell Canada, Bharti, BNP Paribas, British Telecom, Cable & Wireless, CitiGroup, Defense Information Systems Agency (DISA), Deutsche Telekom, Fidelity Investments, JP Morgan Chase, SFR, SingTel, T-Mobile, Telefonica, and Telstra.

"We are honored to be on this list of 500 impressive companies," said Gregoire Michel, senior vice president marketing and business operations. "We attribute our continued growth to helping our customers worldwide improve the quality of the services their business provides. InfoVista supports the achievement of best practices for ensuring network infrastructures run optimally and deliver the range of services customers depend on. This is made possible by our talented group of employees worldwide. They are at the core of this impressive recognition."

About InfoVista

InfoVista empowers telecom operators, services providers and large enterprises to maximize business return and productivity by assuring the optimal performance of mission-critical networked services, applications and infrastructures. Eighty percent of the world's largest service providers and more than 30 of the top 100 global corporations rely on InfoVista's proven solutions for proactive service assurance to foresee potential service issues before they impact end users, improve business effectiveness, reduce operating risk, lower cost of operations, increase agility and create competitive advantage. InfoVista is traded on the Euronext Paris(FR0004031649) and can be found online at www.infovista.com.

SOURCE: InfoVista

Sterling Marketing Group 
Sandy Armstrong 
Account Executive 
(630) 690-5500 ext. 225 
sarmstrong@sterlingmarketing.com

"T-Mobile realizes the holidays are about family and special friends, and are a time for making memories together," said Wendy PiAero-DePencier, vice president, brand marketing, T-Mobile USA. "Our mission is to deliver products and services that help enrich relationships, and while we understand that not all loved ones can spend the holidays together, our new holiday offerings will help bring people closer regardless of distance."

Capture Memories

The MOTOZINE ZN5, exclusively from T-Mobile, is a true camera replacement with the ability to capture and share photos before the moment passes. The ZN5 has a 5-megapixel camera with auto focus and Xenon flash plus built-in KODAK Imaging Technology and KODAK PERFECT TOUCH Technology. Images can be quickly uploaded to the KODAK Gallery with one click, enabling special moments to be shared with friends and family across the country.

Share Memories

The T-Mobile cameo manufactured by Parrot, Inc. is a groundbreaking digital picture frame, with its own dedicated T-Mobile phone number, that provides a fun and easy way to immediately share spontaneous moments with friends and family by sending photos to the photo frame via MMS or e-mail. Photos can be sent directly from family and friends in the midst of their holiday fun without the step of uploading photos to a computer or memory stick, since the cameo accepts photos directly from camera phones.

Create Memories

Beyond the holidays, T-Mobile wants to make it easy for customers to take a memorable trip in 2009 -- whether to unwind, see long-lost friends or take the family on vacation. With the Free Companion Flight promotion, T-Mobile is offering complimentary companion plane tickets from Nov. 19 through Dec. 24, 2008 to new and existing customers who sign up for a two-year service agreement. Those on a family plan will receive a companion ticket for each line of their family plan, up to five tickets, so it's easy for the whole family to enjoy a trip together.

Companion tickets have no blackout dates, provide travel to and from more than 100 origination and destination cities, and are good for a year (travel must be completed by Feb. 15, 2010). With a wide array of exciting possibilities, trips could include a visit to see the hustle and bustle of Times Square, going skiing in the Rockies, soaking up the sun in Miami, or winning big in Las Vegas.

More Perfect Gifts: Touch Screens, Mobile Web and Easy Text Communication

T-Mobile also has an array of the latest products for that perfect gift, which include mobile Web and touch screen technology and phones with QWERTY keyboards that make staying in touch via text or e-mail quick and simple.

- The highly sought-after T-Mobile G1 with Google, featuring the Android Market and an intuitive design with a touch screen, QWERTY keyboard and trackball, as well as a mobile Web experience that integrates popular Google services such as Google Maps Street View(TM), Gmail(TM), YouTube(TM) and others.

- The Samsung Behold(TM), offering a compelling mobile Web experience, an ultra-thin design, a large touch-screen display, a full-QWERTY on-screen keypad with vibrating feedback, a 5-megapixel camera and a video recorder, making this phone an ideal all-in-one device.

- The BlackBerry(R) Pearl(TM) Flip 8220, which is the first flip BlackBerry that delivers a great balance of style, helping manage a budding professional career and personal life whether using text, e-mail, instant messaging or voice calling.

- The Samsung Gravity(TM), featuring a full slide-out QWERTY keyboard and support for IM, text, multimedia and video messaging.

Availability

-- MOTOZINE ZN5, T-Mobile G1 with Google, and BlackBerry Pearl Flip 8220 are currently available at select T-Mobile retail stores and online at http://www.t-mobile.com

-- The Samsung Behold will be available beginning Nov. 10.

-- The Samsung Gravity will be available beginning Nov. 17.

-- The T-Mobile cameo will be available beginning in the coming weeks.

For more information on all products, services and promotions as they become available, visit http://www.t-mobile.com.

Note to Editors

For images of all T-Mobile products and service, please log onto http://www.thenewsmarket.com/t-mobile. Registration and images are provided free of charge to the media. Broadcast quality video is also available for selected products.

* T-Mobile cameo available while supplies last. Requires separate line of service. Monthly recurring charge applies. Qualifying voice plan with minimum one-year agreement required.

** Free Companion Flight offer valid 11/19/08 through 12/24/08 while supplies last. Taxes and fees, including a per flight booking fee, apply. New activation or renewal on a qualifying 2-yr service agreement required for each companion flight. Qualifying line must remain active and in good standing for 31 days from the date of activation or renewal. Max. of 5 companion flights per account. Purchase of a full fare ticket is required for use of each free companion flight; price of full fare ticket is based upon the zone fare price listed at the time of booking. Offer available to U.S. residents (incl. Puerto Rico) only. Travel must be booked 30 days in advance of travel date and be completed by 2/15/2010. Travel only available to/from specified cities. Additional restrictions apply; see flywitht-mobile.com for important details.

About T-Mobile USA, Inc.

Based in Bellevue, Wash., T-Mobile USA, Inc. is the U.S. operation of Deutsche Telekom AG's Mobile Communications Business, and a wholly owned subsidiary of T-Mobile International, one of the world's leading companies in mobile communications. By the end of the third quarter of 2008, 127 million mobile customers were served by the mobile communication segments of the Deutsche Telekom group -- more than 32 million by T-Mobile USA -- all via a common technology platform based on GSM, the world's most widely used digital wireless standard. T-Mobile's innovative wireless products and services help empower people to connect to those who matter most. For more information, please visit www.t-mobile.com. T-Mobile and the magenta color are federally registered trademarks of Deutsche Telekom AG.

Google, Android, Google Maps Street View, Google Talk, Gmail, YouTube are trademarks of Google Inc. All other company and product names may be trademarks of the companies with which they are associated.

SOURCE: T-Mobile USA, Inc.

T-Mobile USA 
Media Relations, 425-378-4002 
mediarelations@t-mobile.com