Economic Calendar

Monday, July 28, 2008

Adidas, Volkswagen, Deutsche Bank, BMW: German Equity Preview

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By Eva von Schaper

July 28 (Bloomberg) -- The following is a list of companies whose shares may have unusual price changes in Germany. Stock symbols are in parentheses, and share prices are from the previous close.

DAX Index futures expiring in September gained 13 points, or 0.2 percent, to 6,486 as of the close on July 25 in Frankfurt. The DAX fell 0.1 percent to 6,436.71.

Adidas AG (ADS GY): Adidas will overtake U.S. rival Nike Inc. in China by the end of 2008, WirtschaftsWoche said, citing an interview with the German company's Chief Executive Officer Herbert Hainer. Adidas fell 15 cents or 0.4 percent to 39 euros.

Bayerische Motoren Werke AG (BMW GY): BMW is preparing the sale of its Cirquent IT unit, Euro am Sonntag reported, citing people with information on the possible deal. NTT Data Corp. of Japan is a potential buyer, Euro said. BMW rose 20 cents or 0.7 percent to 30.68 euros.

Deutsche Bank AG (DBK GY): Deutsche Bank may not bid for Deutsche Postbank AG, Focus magazine reported, citing people it didn't identify close to Deutsche Bank's management board. Deutsche Bank fell 63 cents or 1.1 percent to 59.57 euros.

Deutsche Telekom AG (DTE GY): Deutsche Telekom's T-Systems unit may face a strike if jobs aren't cut in a socially responsible manner, Euro am Sonntag said, citing Ver.di labor union management-board member Lothar Schroeder. Telekom rose 17 cents or 1.58 percent to 10.93 euros.

Infineon Technologies AG (IFX GY): Infineon Technologies has `no taboos' on its sale of a stake in Qimonda AG, Sueddeutsche Zeitung reported, citing an interview with Chief Executive Officer Peter Bauer. Infineon rose 25 cents or 5.3 percent to 5.085 euros.

Porsche SE (POR3 GY): Porsche SE may report a net profit of 11 billion euros ($17.3 billion) in the year to July 31 on sales of 8.6 billion euros, Der Spiegel reported, citing analysts and unidentified Porsche managers. Porsche rose 76 cents or .8 percent to 98.62 euros.

Volkswagen AG (VOW GY): Volkswagen is sticking to its plan to build a factory in Tennessee, Handelsblatt said, citing an interview with Chief Financial Officer Hans Dieter Poetsch. Volkswagen rose 2.31 euros or 1.1 percent to 206.09 euros.

To contact the reporter on this story: Eva von Schaper in Munich at evonschaper@bloomberg.net


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