Insights From the SEAT Pagine Gialle Dividend Cut Announcement
Posted by Sebastien on the 2008/03/20 at 09:29
in Directories, Local, Local Search, Luca Majocchi, SEAT Pagine Gialle, Strategy -
Many articles today in the international business press about the SEAT Pagine Gialle dividend cut announcement. Obviously, their stock has been badly hit by the news but I found three interesting insights about their future online strategy.
Reuters: “Seat will not pay a dividend this year because, it said, “in the current credit market environment, the company has adopted a financial policy devoting available financial resources to debt repayment and Internet development in Italy.”
Bloomberg: “Majocchi [Seat's CEO] is focusing on Italy this year, a strategy shift after betting on expansion abroad to lift sales and earnings. Seat is also introducing new products such as Web-based directory services to attract clients.”
The Guardian: “Seat, which has focused on print directories and selling Internet ads as an additional pr