Top Bertelsmann brass resign
Wanadoo does OK
Both the chairman and president/CEO of Bertelsmann subsidiary BMG Entertainment are to leave in the next few months. The announcement comes just days after the company announced it was to work with former enemy Napster. Chairman Michael Dornemann will leave the board in January and his job in June. President/CEO Strauss Zelnick will out for good in January. Bertelsmann is having a bit of a reorganisation to pull all its subsidiaries and recent acquisitions into a more meaningful structure. It's not known whether the two were pushed or jumped.
France's largest ISP Wanadoo has reported a nine-month sales figure of E760 million (£451 million), pointing to a nine per cent rise in customers in the third quarter of this year. Not that this means it will make any money - a month ago today it reported a £40.2 million loss for the first half of the year. Wanadoo's share price has been steadily rising in the last few months, but at 15.8 euros, it still has some way to go to meet its original July float price of 19 euros.
Ace-quote.com, the B2B IT marketplace, reported £10 million worth of requests to tender last week, a record and double its previous best. ®
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