Tech, Media, Telco execs investment picks
NEW YORK/PARIS/SEOUL (Reuters) - The Internet, emerging markets and biotechnology are among the sectors that leading U.S. technology and media executives tipped as hot areas of investments.
At the Reuters Global Technology, Media and Telecoms Summit this week, top industry executives were asked to name some companies and sectors that they would personally invest in. Here is a sample of responses:
"The rise of these social network communities is going to be very strong. We're seeing the beginning of it."
--Cisco Systems Inc. (CSCO.O) Chief Development Officer Charles Giancarlo
"I would very likely invest in one of the Web 2.0 companies ... an IPO. I am very excited about this area."
--Fujitsu-Siemens Computers (6702.T) (SIEGn.DE) Chief Marketing Officer Barbara Schaedler
"The Internet is a place where the bottom-up emergence of things -- such as relevance of sites where Google (GOOG.O) is going -- is really changing the way we understand how the world works."
--Seat Pagine Gialle PG.MI Chief Executive Luca Majocchi
"I would look at companies that were really targeting new types of device categories, that are really going to go after putting the Internet in your pocket, putting the Internet in your car, putting the Internet in your TV ... I think Apple (AAPL.O) is a company that has always had a tremendous amount of innovation. They're definitely on this track of taking and bringing the Internet into all kinds of new device categories and resetting the direction in the world. Smaller companies that are on that same track -- that's where I'd invest my money."
--Intel Corp.'s (INTC.O) General Manager of Asia-Pacific John Antone
"I'd invest in a B2C e-commerce opportunity in China targeting a slightly older demographic group. So not the 12-20 year-old group, something older than that, lifestyle related."
--Qunar.com's CEO Fritz Demopoulos
"I love media. If I think about YouTube and what YouTube can do to change the world, and that whole concept of digital media, digital rights management, the whole notion of thinking about the average consumer and taking the position of what does everyone want? They want what they want when they want it, where they want it and how they want it."
"If you can be a company that knows how to provide that service on demand, you can change the world. Anything in that area would be pretty exciting to me."
--SAP (SAPG.DE) America CEO Bill McDermott
"If you just look at the whole media and entertainment business, look at what's happened around the kind of analog to digitalization of TV, video-on-demand and the level of services people are going to be able to provide in the house. That's all still emerging rapidly."
--EMC Corp. (EMC.N) Chief Financial Officer David Goulden, adding that he also likes energy technology stocks.
"I did put a few pounds into United Business Media (UBM.L) when David Levin went there and that has done rather well."
"I once advised a colleague to buy Marks & Spencer (MKS.L) because I thought it was going to go up and it had a long way to go down before it went up and he has never forgiven me so I think share tips are best left to (oneself)."
--Sony Ericsson (6758.T) (ERICb.ST) President Miles Flint (See Levin's own picks below)
"I would invest in the video game business. I don't know enough the other fields. Ninety-nine percent of my investments are in the video game industry.
--Ubisoft (UBIP.PA) CEO Yves Guillemot
TELECOMS AND NETWORKS
"I still think if you can find a telco that is being allowed to -- in a regulatory way -- operate in a competitive way, that is not a bad investment."
--Aegis AGS.L CEO Robert Lerwill
"I do think telecom is back for some time."
"Getting involved in companies that are early in the area of network and information security is very good."
--Cisco Systems Inc. (CSCO.O) Chief Development Officer Charles Giancarlo
"I think the winners and the potential winners in the telecoms sectors have still got a lot of growth in them. There is a lot of juice left in the sector, but in the mobile market there will be winners and losers."
--Telefonica (TEF.MC) 02 Europe CEO Peter Erskine
"I would put it in mobile because I think it has enormous upside ... In all of these things you've got to follow the money. So where's the money going? Who's investing? (There are) billions of dollars being invested by traditional companies, by start-up companies."
--Time Warner Inc.'s (TWX.N) AOL CEO Randy Falco
"I think infrastructure in mobile industry, especially for newly developing markets, is very interesting. In that sense, telecom infrastructure is still the killer application ... First I would find countries that are not on the radar screen at the moment but developing telecom infrastructure at a rapid space.
--Shin Satellite PCL's SATT.BK head of marketing Patompob Sunwansiri
"I would most likely go to an online gaming studio in China or Korea. If I go for film I would go into India."
--Electronic Arts ERTS.O Executive Vice President, General Manager International Publishing Gerhard Florin
"I would probably invest in a high-growth business with some connection in emerging countries, maybe sport, maybe Asia. I am not a sport fan ... but I recognize it is a wonderful business."
--Lagardere (LAGA.PA) CFO Dominique D'Hinnin
"I think there are some interesting things happening in southern Africa, which people have forgotten about. It is very easy to look at the South African story and look at it glass half full or glass half empty. I am inclined to look at what is going on in South Africa as glass half full."
--United Business Media (UBM.L) CEO David Levin
"I would simplify it to China and the Internet."
--WPP Group Plc (WPP.L) CEO Martin Sorrell
OPEN SOURCE, BIOTECH AND OTHER IDEAS
"I'm a huge fan of the open-source segment as a continuing source of growth for investors."
"I'm also a big fan of biotech. That's going to continue to evolve."
--Novell Inc. NOVL.O CEO Ronald Hovsepian
"Biometric sensors -- I see the interaction of the electronic world and biochemical world being one of the key areas of growth of the next decade."
--ARM Holdings Plc (ARM.L) CEO Warren East
"I would focus on development within medical sensors ... (it is) not just high-growth but high value."
--Tower Semiconductor Ltd. (TSEM.O) (TSEM.TA) CEO Russell Ellwanger
"It's getting harder to tell what will happen next in both telecoms and media. So, I would choose technology firms with proven technological strength, and I personally find the bio-tech field quite interesting."
--Funai Electric Co. Ltd.'s 6839.OS Executive Vice President Yosio Nakajima
"Water is probably a good bet, probably better than oil. Anything that relates to commercializing water or preserving water. I think water is a very underestimated resource in terms of value."
--Tele Atlas TA.AS CEO Alain De Taeye
"I think that in this world, what is very interesting is that you can invest in very traditional businesses and make a lot of money and invest in new technologies and again have the same return. It is not a world in which opportunities are only restricted to high tech."
--Seat Pagine Gialle PG.MI CEO Luca Majocchi
"I'm struggling with this question myself always daily ... I prefer to go and do some orienteering, outside of this to read a good book, take a compass and book and run in the woods."
--Altimo CFO Teijo Pankko
(For more on the Reuters Global Technology, Media and Telecoms Summit, see <ID:nSP21633>.
For summit blog: summitnotebook.reuters.com/)
(Reporting by Reuters reporters in New York, Paris and Seoul; editing by Phil Berlowitz; Reuters Messaging: email@example.com +1 646 223 6142))
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