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albreznick
albreznick
10/29/2013 | 9:07:55 AM
british boffins?
Paul, I love that the word boffin. Please tell the rest of the English-speaking world what it means. 
PaulERainford
PaulERainford
10/29/2013 | 9:20:35 AM
Re: british boffins?
Oh come on Alan, get with the program. Living in Canada is no excuse. Anyone who's anyone knows that a 'boffin' is a very clever man (sorry, it has to be a man) in a white coat, usually quite bald in an unkempt way, who carries out experiments into things normal mortals can barely understand. Feel free to drop it into your conversations from here on in.
albreznick
albreznick
10/29/2013 | 9:24:52 AM
Re: british boffins?
Thanks for bringing me and everybody else up to speed, Paul. One more question, tho. How can you be quite bald in an unkempt way? I mean, there's no hair to be kempt, is there? No offense, of course.  
PaulERainford
PaulERainford
10/29/2013 | 12:41:45 PM
Re: british boffins?
<a href="http://newsimg.bbc.co.uk/media/images/40199000/jpg/_40199841_wolff203.jpg"target="new">This</a> is classic unkempt boffin baldness.
albreznick
albreznick
10/29/2013 | 9:09:27 AM
Numericable IPO
Good to see the demand for IPO shares is there. Now let's see what Numericable does with the money. 
EuroCableGuy
EuroCableGuy
10/29/2013 | 2:18:04 PM
Re: Numericable IPO
Numericable is majority owned by private equity companies Cinven (UK) and Carlyle (USA). You have your answer...
albreznick
albreznick
10/29/2013 | 6:08:16 PM
Re: Numericable IPO
So that means they'll keep the money for themselves rather than invest in new services and operations?
EuroCableGuy
EuroCableGuy
10/30/2013 | 4:19:18 AM
Re: Numericable IPO
PE companiess cash in and reinvest it elsewhere; this is called 'capitalism', I believe. Numeribale is notorious for operating with very little cash (this, and not paying its suppliers).
albreznick
albreznick
10/30/2013 | 2:51:39 PM
Re: Numericable IPO
Interesting. Given the hotly competitive French and overall European market, gow long can this strategy possibly work? they havre to re-invest in their networks at some point, no? 
EuroCableGuy
EuroCableGuy
10/30/2013 | 5:51:52 PM
Re: Numericable IPO
My old cynical self says: just long enough for Carlyle and Cinven to cash in, thanks to the IPO, then take the money and run. As for Numericable, well, it's their new shareholders problem now. Hopefully there's some money left from the IPO.

On the French ISP landscape, Numericable is not doing too bad: FTTH deployments from telcos have slowed down due to high Capex; NC is leveraging their HFC and can match FTTH offers thanks to their DOCSIS 3.0 CPEs.
DOShea
DOShea
10/29/2013 | 4:01:56 PM
Nokia
Looks like Nokia did ok on the networks side and offered a decent outlook for the future. The stock is up, too. Is it too early to call it a comeback? (I will answer my own question--yes.)


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