AUSTRIA: STREAMLINING AT LION.CC
Article Abstract:
Lion.cc, subsidiary of the Austrian bookshop chain Libro, aims to reach black figures in the financial year to the end of February 2003. According to preliminary figures, the loss in the financial year 2000/01 amounted to just under Sch 400mn. In 2001 Lion.cc, in which German media group WAZ holds a 35% stake, is to double e-commerce turnover to Sch 300mn. Expansion in eastern Europe is no longer a high priority for Lion.cc, whereas in Germany the company still aims to become one of the five leading internet portals. In the field of content, Lion.cc will concentrate on music, books and film. The company might introduce fees for services such as SMS, MP3 music and express delivery of books. In order to boost profitability, Lion.cc is to reduce the number of staff by one-third from 100 at present. Marketing expenditures are to be cut. The internet service provider arm was sold.
Publication Name: Presse
Subject: Business, international
ISSN:
Year: 2001
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AUSTRIA: ERICSSON SCHRACK LOOKING FOR PARTNER
Article Abstract:
Vienna-based Ericsson Schrack BusinessCom (ESBC), which took over the sales of telephone exchanges for Ericsson in Austria at the beginning of 1999 within a management buyout, is in talks with a number of private telephone service providers. ESBC is to set up service shops, which will be run together with a partner. The first one will be in ESBC's new headquarters in Vienna, which will be built for Sch 200mn in the next 18 months. Among the potential cooperation partners are Max.mobil, RSLCom and UTA. A deal is expected in 2000 at the earliest. ESBC, which sells mainly PABX exchanges for small and medium-sized businesses but also ISDN facilities and cordless devices, expects a turnover of Sch 900mn in 1999. For 2000 the company expects a 5-8% growth.
Publication Name: Presse
Subject: Business, international
ISSN:
Year: 1999
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