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Earnings Roundup, HP in Panama

Second-quarter earnings, HP office and center in Panama, GVT share offer, iTunes and more.




Local and foreign technology companies saw a mixed second quarter in Latin America. U.S.-based NII Holdings, which operates wireless services in Latin America, saw a 4.1 percent decline in second quarter revenues to $1.1 billion, it said in its earnings statement. Operating income fell by 9.6 percent to $134 million.  DirecTV Latin America boosted second-quarter revenues by11 percent to $680 million, mostly due to strong subscriber growth, AP reports. Tim Participacoes SA, the Brazilian unit of Italy's biggest phone company, posted a second consecutive loss after customers trimmed spending and the company invested more in attracting new subscribers, Bloomberg reports. U.S.-based Brightpoint, Inc., a leading distributor of wireless equipment in Latin America, saw second quarter revenues fall by 40 percent to $723 million, it said in its earnings statement. Telmex, Mexico's leading fixed-line phone operator, posted a 4.3 percent drop in second-quarter net profit to 5.9 billion pesos ($450 million), Reuters reports.


Hewlett-Packard recently opened its new office and delivery center in Panama City. “By expanding HP’s presence in Panama, we are providing world class Information Technology outsourcing services to our global customer base” Martin Castillo, general manager of Central America, the Caribbean and Puerto Rico at HP, said in a statement. “Panama City’s increasing rate of technology growth and its substantial pool of skilled workers, made it the ideal location for a Best Shore Delivery Center to serve the region and our customers.” The new facility will mainly focus on providing services to global and regional businesses throughout the Americas.  It will deliver outsourcing services through HP-owned EDS, applications services to develop and maintain custom solutions designed for specific customers, and offer remote data center and network maintenance services, featuring both a Global Service Desk and a contact center component of the operation, HP said in the statement. Meanwhile, HP also joined forces with Panama’s National Vocational Training Institute for Human Development (INADEH) and the University of Technology of Panama (UTP) to build a new Technology Training Center with capacity for 150 students per class.


GVT Holding SA, a Brazilian provider of phone and internet services, announce a secondary share offering. Shareholders Global Village Telecom (Holland) B.V., Swarth Investments LLC and Swarth Investments Holding LLC and Swarth Management LLC plans to sell shares to institutional buyers abroad, the company said in a statement.


America Movil SAB and Grupo Iusacell SA are offering tracking services in Mexico to fuel revenue as wireless growth wanes, pushing everything from panic buttons for buses and taxis to vehicle locators for truckers, Bloomberg reports.


U.S.-based BCG has started to sell a software program, Maverick Office 2008, in the Latin American market. “We recognize that there are many growing markets in Latin America that are consuming technology products at an advancing rate,” Tom Uskup, President of BCG, sai in a statement.  “We are looking for distribution companies as well as PC system building companies in Latin America that are interested in the opportunity to be one of the first to distribute & sell Maverick Office.” The software, which is available in English and Spanish at www.holamaverick.com,  includes some 9 programs, including word processing, spreadsheet, presentation, database, e-mail, and PDF editing functionality.


Although Apples iTunes has yet to enter Latin America, its outlook is boosted by the fact that smartphones are expecte to grow, Reuters reports. Pyramid Research predicts that smartphones will jump from 3 percent of all Latin American cell phone sales today to 30 percent by 2014.

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