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FACTBOX: Quotes from tech and media execs

Wed May 21, 2008 7:21pm EDT

Reporter's Notebook

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(Reuters) - Reuters has invited executives from the world of technology, media and telecoms to talk about their businesses and issues surrounding their industries.

Here is a selection of quotations taken from the event, which is being held in Paris, New York and Tokyo:

MARK LOUGHRIDGE, CFO OF IBM (IBM.N: Quote, Profile, Research, Stock Buzz)

"If I were in a business model where I needed double-digit growth out of the G7 to drive my performance, I would be in a cold sweat."

BILL WATKINS, CEO OF SEAGATE TECHNOLOGIES STX.N

On whether industry consolidation helps price wars:

"After watching Intel (INTC.O: Quote, Profile, Research, Stock Buzz) and AMD (AMD.N: Quote, Profile, Research, Stock Buzz) have a price war with only two people in the market, it probably doesn't really matter ... People say consolidation is a way of somehow getting price stability. Price stability comes from just smart people running their business. If we have one idiot, we have a price war."

MIKE FRIES, CEO OF LIBERTY GLOBAL (LBTYA.O: Quote, Profile, Research, Stock Buzz)

On backing the emerging WiMax high-speed wireless technology:

"As cable guys, unless the phone companies are going to embrace us with open arms -- and I don't think many of them will -- we don't have an opportunity ... to build mobile networks and invest in the infrastructure. We don't have ubiquitous handsets. The opportunity for cable operators is to find a new path and see if it sticks."

SHANTANU NARAYEN, CEO OF ADOBE SYSTEMS INC (ADBE.O: Quote, Profile, Research, Stock Buzz)

On why there aren't many big mergers in Silicon Valley:

"I think the Valley is all about innovation and about charting your own course and companies seeing opportunities for themselves ... I think the zen or the DNA of people there is all about growth and all about driving new innovation."

DAVE DEWALT, CEO OF MCAFEE INC (MFE.N: Quote, Profile, Research, Stock Buzz)

"We've seen no slowdown economically in IT spending related to security. It's been a nice opportunity. Am I nervous? Do I read the headlines too? Yes. But so far we've continued to accelerate our growth."

ALAIN DE TAEYE, CEO OF TELE ATLAS TA.AS  Continued...

 
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