Extendance: High-Tech Business Experts Blog

The Swiss technology company Ascom seems to become a financial trading object. Some owners sell while others invest driving the stock up 30% since last Friday. Seller: Tito Tettamanti, Buyer: Victory Industriebeteiligung AG from Vienna (now 20%) who has also invested into another Swiss technology company - Oerlikon.
Ascom was formed in 1987 combining the three companies Autophon, Hasler and Zellweger Telecommunications. Since 2000 Ascom has been constantly reorganized, selling, closing or spinning off nearly everything, leaving just 20% of its revenue back in 2000. Ascom is profitable now though and seems to attract investors who are possibly buying more shares such as e.g. the 7.5% that Hasler still owns. One can assume that the new investors have short-term ROI expectations as well and might not be interested in building - for once - on a longer-term strategy, that would be more than simple cost cutting; which is what they did since 2000 pretty much only.

Defined tags for this entry: Ascom

Posted by Ralf Haller in ICT Tech/Market News at 19:38 | Comments (0) | Trackbacks (0)

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