Feeds

IPO magic transforms Thomson from dud TV outfit

After years of gloom, suddenly it's lovable again...

  • alert
  • submit to reddit

Boost IT visibility and business value

Thomson Multimedia, the flagship French consumer electronics giant, stepped a little closer back into the private sector yesterday with a successful IPO. Shares jumped 35 per cent, putting a $4 billion price tag on the company, so presumably the companies were induced to take stakes in it last year will be pleased. Presumably - because it was never entirely clear what, if anything, Microsoft, Alcatel, DirecTV and NEC put into Thomson Multimedia for their 7.5 per cent apiece stakes. At the time the company, which via its RCA subsidiary is the leading TV vendor in the US, was one of several grim state-owned basket cases that the French government wanted to get shot of. But the presence of the four chums in the shareholder roster, and the areas of expertise they're supposed to be committing to the company, have helped greatly in repositioning Thomson Multimedia from a dud, legacy TV builder to a happening kind of 21st century consumer electronics giant. Alcatel does the digital networking technologies, DirecTV's bag is digital TV devices, interactive and satellite, and NEC contributes DVD and flat panel displays. Microsoft's contribution of WebTV, CE-based set-top boxes and a thirst to get people to install BackOffice might be seen as a debit, but the markets don't necessarily agree. Thomson Multimedia has managed to achieve a small profit for the first time in years, but it still has a long way to go. The French government still owns 51.7 per cent. ®

The Power of One Brief: Top reasons to choose HP BladeSystem

More from The Register

next story
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Securing Web Applications Made Simple and Scalable
Learn how automated security testing can provide a simple and scalable way to protect your web applications.