
U203-F Display
Features:
8 digits volume,8 digits sales,6 digits price per unit
1.2”LCD yellow backlight
running normally on the condition of -40 C to 55 C
broad sight scope from all directions
Current:600 mA
100% Factory Tested.
Packing:
Weight:
Dimension :
300g/case of 1 120×253×26mm/case of 1
we are committed to create the best workplace, encourage our staffs to put their own personalities into their jobs, and provide them a stage to show themselves.
p, a broadcasting company, to give Bertelsmann a controlling 67% of RTL.
The deal gave GBL the option to list its stake in Bertelsmann publicly after five years. GBL, the investment vehicle
of Albert Frère, a Belgian entrepreneur, and the Desmarais family of Canada, had said in January that it intended
to opt for the listing. The fact that Bertelsmann was clearly desperate to avoid this fate strengthened Mr Frère s
hand. He had been rumoured to be hoping for ¬5 billion; Bertelsmann unofficially valued the stake at somewhere
between ¬3.3 billion and ¬3.6 billion.
The media company is probably overpaying by around ¬500m. However, it avoids the scrutiny of stock analysts
and the activism of hedge funds. Not that it avoids disclosure completely it produces rudimentary quarterly
results; it has one listed company, RTL Group, with 10.2% of its shares listed in Brussels and Luxembourg. It also
has ¬516m of profit-participation certificates, which are share-like although they have no voting rights, and ¬1.4
billion of publicly traded bonds.
Both Moody s and Standard & Poo fuel dispenser r s put the group on a negative credit watch this week, but indicated that a share
buyback would not necessarily push the firm s credit rating below investment grade.
Bertelsmann plans to reduce its new debt by selling BMG Music Publishing which might fetch up to ¬1.7 billion. The
rest will come out of cashflow from expected bumper results this year. Gunter Thielen, Bertelsmann s chief
executive, said the group is running better than at any time in its history. For that reason it was a good time to
buy back the GBL stake—before it got even more expensive. Bertelsmann can continue its conservative dividend
policy, and GBL has avoided the price risk of a share-offer fuel dispenser ing some time next fuel dispenser year, which looks higher now than it
did a month ago.
© 2006 .
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May 25th 2006 | SAN FRANCISCO
From The Economi