Shoppers Drug Mart 3q09 press release

November 11, 2009 – Toronto, Ontario – Shoppers Drug Mart Corporation (TSX: SC) today announced its financial results for the third quarter ended October 10, 2009.

Third Quarter Results (16 Weeks)
Third quarter sales increased 7.9% to $3.013 billion, with the Company continuing to experience strong sales growth in all regions of the country. The Company’s capital investment program, which has resulted in an 11.6% increase in drug store selling space compared to a year ago, continues to have a positive impact on sales growth. Effective marketing campaigns, combined with differentiated and impactful promotions utilizing the Shoppers Optimum loyalty card program, also contributed to top-line growth. On a same-store basis and excluding tobacco products, sales increased 4.8% during the quarter.

Prescription sales increased 9.7% in the third quarter to $1.481 billion, accounting for 49.1% of the Company’s sales mix compared to 48.3% in the same period last year. On a same-store basis, prescription sales increased 5.8%, driven by strong growth in the number of prescriptions filled, while increased generic utilization continued to have a deflationary impact on sales growth in the category. In the third quarter of 2009, generic molecules represented 52.8% of prescriptions dispensed compared to 51.5% of prescriptions dispensed in the third quarter of 2008.

Front store sales increased 6.2% in the third quarter to $1.532 billion, with the Company continuing to experience sales gains in all categories except tobacco. On a same-store basis and excluding tobacco products, front store sales increased 3.9%.

Third quarter net earnings increased 6.6% to $171 million or 79 cents per share (diluted) from $160 million or 74 cents per share (diluted) a year ago. This increase was driven by strong sales growth, improved purchasing synergies and a continued emphasis on cost reduction, productivity and efficiency, the benefits of which were partially offset by increased amortization and higher expenses at store-level associated with the continued expansion of the store network, along with stepped-up investments in pricing and promotional activities.

Commenting on the results, Jürgen Schreiber, President and CEO stated, “We are pleased with our third quarter results and our performance thus far in 2009, as we continue to deliver growth in these challenging economic times. The strength of our pharmacy programs and services, combined with effective front store merchandising and marketing initiatives, have us well-positioned heading into the holiday season and the final weeks of 2009.”

Year-to-date Results (40 weeks)
Sales for the first three quarters of 2009 increased 8.2% to $7.497 billion, with prescription sales up 10.3% and front store sales up 6.3%. On a same-store basis and excluding tobacco products, sales increased 4.8%, with prescription sales up 5.8% and front store sales up 4.0%. During the first three quarters of 2009, prescription sales accounted for 49.0% of the Company’s sales mix compared to 48.1% in the same period last year.

Net earnings for the first three quarters of 2009 increased 6.8% to $414 million or $1.90 per share (diluted) from $388 million or $1.78 per share (diluted) a year ago.

Store Network Development
During the third quarter, 37 drug stores were opened or acquired, 15 of which were relocations, and one smaller drug store was closed. The Company also added two Murale luxury beauty stores to its network during the quarter. At quarter-end, there were 1,282 stores in the system, comprised of 1,212 drug stores (1,170 Shoppers Drug Mart/Pharmaprix stores and 42 Shoppers Simply Pharmacy/Pharmaprix Simplement Santé stores), 66 Shoppers Home Health Care stores and four Murale stores. Drug store selling space was approximately 11.6 million square feet at the end of the third quarter, an increase of 11.6% compared to a year ago.

Dividend
The Company also announced today that its Board of Directors has declared a dividend of 21.5 cents per common share, payable January 15, 2010 to shareholders of record as of the close of business on December 31, 2009.

揭秘<反壟斷法>施行以來首例原告獲得補償案

http://big5.ce.cn/xwzx/gnsz/gdxw/200911/11/t20091111_20392780.shtml

2009年11月11日 09:55 來源：檢察日報 黨小學

“消費者與行動通訊公司並沒有租賃關係，憑什麼收取月租費?月租費收取標準及各種套餐資費標準的差 異，實際上是對同等條件的消費者實行價格差別待遇，這在法律上是禁止的。”2009年3月，北京市問天律師事務所律師周澤以消費者身份向北京市東城區法院 提交訴狀，起訴中國行動通訊集團北京有限公司(下稱“北京移動”)和中國行動通訊集團公司(下稱“中國移動”)濫用市場支配地位，違法向消費者收取費用， 要求兩被告停止侵權行為。

日前，本案調解結案。中國移動將周澤的行動通訊服務轉為不收月租費的行動通訊服務，並以“感謝”的名義補償周澤1000元。周澤撤訴。

律師狀告中國移動

11 月9日，周澤接受了記者採訪。他說，對於中國移動收費不合理的問題，實際上早有感覺，有朋友建議他通過法律手段推動一下行動通訊收費的合理化。2008年 8月1日，《反壟斷法》實施，在認真研究這部法律之後，他發現“中國行動通訊收費，不只是不合理的問題，而是違法的問題”。他覺得“有必要行動一次”。

2009年3月30日，北京市東城區法院正式立案受理此案。6月5日，根據北京市高級法院關於案件管轄規定，壟斷糾紛應由中級法院受理，案件移送北京市第二中級法院。7月30日，北京市第二中級法院正式以壟斷糾紛為由立案。

周 澤的訴訟請求有兩項:一是請求判令北京移動停止濫用市場支配地位強行向其每月收取月基本費(俗稱“月租費”)的侵權行為，以及在行動通訊服務收費上對他與 其他同等交易條件的交易相對人實行差別對待的做法;二是判令兩被告共同退還近兩年來違法向其收取的月租費1200元。(中國移動推出的不同品牌以及同一品 牌行動通訊服務的不同套餐在價格上存在差異是毫無疑問的，但周澤研究了很長時間，也搞不清楚自己在消費中受到了怎樣的差別待遇。無奈，最後只好改變自己的 訴訟請求，只要求中國移動停止收取其“月租費”的做法。)

中國移動和中國聯通是在中國經營行動通訊業務的兩家公司，其中，中 國移動佔據中國行動通訊市場超過70%的份額。“《反壟斷法》將具有市場支配地位的經營者實施的‘沒有正當理由搭售商品，或者在交易時附加其他不合理的交 易條件’、‘沒有正當理由，對條件相同的交易相對人在交易價格等交易條件上實行差別待遇’等等行為，規定為濫用市場支配地位的行為，明確予以禁止。”周澤 認為中國移動侵害了他的合法權益，主要存在兩個方面:

一是中國移動與其並不存在租賃關係，但中國移動仍然收取“月租費”，對 其接受中國移動的通信服務附加交易條件。周澤說，手機是自己購買的，無論是打電話還是發短信，自己都在按照中國移動相應服務項目的收費標準付費，並未租用 中國移動享有所有權或使用權的任何物或權利。“也就是說我和中國移動之間並不存在任何租賃關係，但又不得不向中國移動交所謂的月租費，否則就要被停機。這 麼多年，一直被迫接受中國移動的這一附加條件!”

周澤強調，中國移動收取月租費的行為，不僅是《反壟斷法》禁止的經營者濫用市場支配地位的壟斷行為，也是《消費者權益保護法》規定的損害消費者權利的不公平交易行為。

二 是中國移動收取的月租費以及具體的通信服務價格，與對其他行動通訊消費者存在差異，是對條件相同的交易相對人實行交易價格差別待遇，且沒有正當理由。這些 年，中國移動除了推出“全球通”通信服務產品外，還陸續推出了神州行、動感地帶等產品。“在這些服務中，有的收月租費，有的不收;收月租費的，也遠遠低於 向我強制收取的每月50元，而且具體服務項目的資費標準也與我接受服務的項目收費不一致，但他們有一個共同特點:在通信服務上並無二致。”據此，周澤認為 中國移動對向他強行收取月租費的行為與其他消費者存在差別待遇和價格歧視，違反了《反壟斷法》。

中國移動拿“古老”文件辯駁

法庭上，中國移動辯稱，不存在對原告附加交易條件和價格差別待遇。

為 支援其主張，中國移動出示了多份文件，包括《郵電部關於加強移動電話機管理和調整移動電話資費標準的通知》、國家計委、資訊產業部制定的《電信資費審批備 案程式規定(試行)》、《資訊產業部經濟調節與通信清算司關於調整移動電話預付費SIM卡業務資費標準的通知》，以及北京市通信管理局關於北京移動“全球 通”資費方案備案的兩份通知。

“這些證據不足以證明中國移動收費合法，因為這些文件中的相關規定與去年實施的《反壟斷法》相 衝突，不能成為中國移動收費的合法性依據。”周澤反駁，並認為，即使嚴格執行“最古老”以致都成了“化石”的郵電部(1994)281號文件，收取50元 月租費也應是對所有行動通訊用戶收取，但現在只收取像他一樣的“全球通”用戶，就是對他實行價格歧視和附加交易條件的壟斷行為。

針 對反駁，中國移動辯稱，中國移動的“全球通”、“神州行”和“動感地帶”三大產品功能不同，收費方式自然不同，“中國移動收取的包括月租費在內的行動通訊 收費項目，執行的是政府定價，合理合法，不屬於在交易時附加交易條件的違法行為，也沒有對原告實行價格差別待遇。”

“這些文件恰恰反映出，中國移動對資費標準具有定價權，只是制訂價格方案後向政府部門備案。而一旦面對指責，中國移動卻將收費違背《反壟斷法》的責任推給政府。”周澤說。

除 了月租費和不同的資費計算標準爭議之外，中國移動是否處於壟斷地位是本案爭議的另一個重要焦點。《反壟斷法》規定，“一個經營者在相關市場的市場份額達到 二分之一的”或者“兩個經營者在相關市場的市場份額合計達到三分之二的”、或者“三個經營者在相關市場的市場份額合計達到四分之三的”，“可以推定經營者 具有市場支配地位”。“中國移動在行動通訊服務領域市場份額超過70%”，周澤據此認為中國移動的市場支配地位顯而易見。

但中國移動認為周澤對此沒有舉證。周澤反問，“中國移動的壟斷地位，地球人都知道，難道還要證明嗎?”

中國移動堅持認為行動通訊服務市場有競爭，不承認“存在壟斷”、“具有市場支配地位”。

和解的“隱痛”

經過9月7日、10月19日兩次庭審後，該案出現轉機，雙方均表示接受調解。

周 澤表示，經過法官做工作，出於對法院工作的理解和中國移動接受調解實際上已在一定程度上承認了自己的訴訟請求，遂接受法官建議，與中國移動達成和解協議: 中國移動將周澤的行動通訊服務轉為不收月租費的行動通訊服務，並以“感謝”的名義補償周澤1000元。周澤撤訴。

按照常規，協議內容應該寫進法院的裁定書中，遺憾的是上述和解內容僅僅記錄在法院的談話記錄中，裁定書僅稱:“因雙方當事人達成和解協議，准許周澤撤回起訴。”

這本身就是一種較量。周澤透露，就連“雙方當事人達成和解協議”這幾個字寫進裁定書的基本司法要求，中國移動也向法院提出要求不要寫，“我堅決反對，並得到法官的支援”。

“和解過程中，中國移動提出，鋻於中國移動是一個服務型企業，很在意社會聲譽，希望我不要對外發佈有關這個案件的資訊。我明確表示反對，認為這是對我言論自由和批評權利的限制，我不能接受。”周澤說中國移動的胸懷讓他不解。

中國移動為什麼是以“感謝”的名義對周澤進行補償，而不是他所訴求的“退還違法收取的月租費”?

周澤向記者介紹，法官在說服他接受調解條件過程中表示，無論以什麼名義對他進行補償，至少中國移動對行動通訊服務的收費不再那麼理直氣壯，因此沒在名目上較真，“能得到賠償，這是《反壟斷法》實施後的第一次。”

“我告對方，對方還感謝‘我’?感謝我促進了中國移動的服務?”周澤笑稱和解是給對方一個臺階下。

這是《反壟斷法》施行以來，國內出現的多例反壟斷訴訟中首例原告獲得被告補償的案件。

·記者訪談·

周澤：我為什麼同意和解

記者:為什麼要接受調解，而不堅持把官司打下去?

周澤:如果不接受調解，堅持把官司打下去，由法院作出判決，不外乎兩種結果，要麼判原告勝訴，要麼判被告勝訴。作為原告，能夠獲得法院的勝訴判決，當然是最好的結果。法院的判決一旦生效，就具有判例價值，將對同類案件的審理產生示範。

但 就本案起訴中國移動的壟斷行為，法院最終是否有勇氣判決中國移動敗訴，說實話，我沒有信心。現實告訴我，法院要判決中國移動這樣的大型國企敗訴，可能會考 慮很多法律之外的因素。因此，在不確定法院會判決我勝訴的情況下，法院主持調解，被告同意補償1000元且不再收月租費，無疑是最好的結果。

記者:是誰主動提出和解?怎麼達成?

周 澤:庭審後，雙方都表示願意調解，法官就讓雙方考慮和解方案。10月22日，法院告訴我對方同意不再收月租費，並進行一定補償，讓我考慮一下具體的補償數 額。23日，法官與我兩次通話，我說打這個官司不是為了錢，只是希望推動中國行動通訊服務收費的合理化，因此並沒有提數額，而是完全交由法官決定。

記者:改成不收月租費的通信服務是什麼通信服務?

周澤:目前，我還不知道他們怎麼改。我的理解是，繼續使用原來的號碼，但每月不用再交月租費了。無論怎麼改，收月租費都是我不能接受的，如果以後還向我收，哪怕是一塊錢，我都會繼續起訴。

記者:如果其他的消費者以同樣理由起訴，你預測一下會是什麼結果?

周澤:我認為法院可能仍會主持調解，並由雙方當事人達成與我相似的和解協議，而不會輕易作出判決。因為，判決消費者敗訴，于法于理都說不過去，而判中國移動敗訴，呵呵……

記 者:你認為本案的意義何在?周澤:我們雙方的和解協議雖然不能普遍適用於中國移動所有的消費者，但其示範意義是不言而喻的。已經有很多消費者給我打電話， 表示將參與到推動中國移動收費合理化的行動中來，如果中國移動還不改變其收費方案，恐怕不可能了。這就是該案的價值所在。

（責任編輯：張惠）

中國移動承諾業務量能耗下降20%

中廣網北京11月11日消息 工業和資訊化部、中國行動通訊集團公司今天在北京簽署《節能自願協議》，中國移動承諾，以2008年能源消耗為基準，到 2012年12月底實現單位業務量耗電下降20%的目標，實現節約用電118億度。這是中國通信業第一份節能自願協議。為了達到這一目標，中國移動將在國 家支援下深入推進“綠色行動計劃”。

工業和資訊化部圍繞十大產業調整和振興規劃的實施，把節能降耗減排作為應對金融危機、落實“ 保增長、擴內需、調結構”政策措施、促進工業經濟平穩較快發展的重要舉措。在通信業領域中，積極推動節能自願協議等節能減排新機制的應用。在大力促進通信 業健康快速發展的同時，促進兩化融合，制定通信業節能減排的政策措施，支援節能新技術、新工藝、新產品的開發、示範和推廣，加強節能減排標準的制定和應 用。

中國移動於2007年啟動了以節能減排為核心的“綠色行動計劃”，從企業自身、行業及社會三個層面發展綠色通信產業。在企業 內部推廣通信網路節能新技術和新設計，提高通信系統和配套設施能源使用效率，大範圍應用行動通訊基站智慧通風等自然冷卻技術及風能、太陽能等可再生能源。 在行業中，中國移動與53家主要供應商簽訂“綠色行動計劃”戰略合作備忘錄，共同制定並實施通信設備能效分級標準，不斷擴大通信產品“綠色包裝”使用範 圍，共同研發基站節能型空調，推廣SIM卡小卡化和回收再利用等。

（責任編輯：陳磊）

OPhone將比iPhone更好嗎？

http://mag.udn.com/mag/digital/storypage.jsp?f_MAIN_ID=323&f_SUB_ID=4280&f_ART_ID=221002

記者：Scirocco Pilota

台灣地區消費者可能無法立刻使用到OPhone系統及其手機，卻絕對有必要知道OPhone以及其發展狀況。這是全球第一大行動電話營運商：中國移動領先 全球的嘗試，中國移動投入許多資源打造了一個以Android為基礎，但卻完全不同的智慧型手機作業系統。很少人知道Android分為3種許可權等 級：Obilogation Free、 Strings Attached與Google Experience。明年將有超過20款手機搭載所謂的「特製Android系統」，如果中國移動的「OPhone計畫」取得成功，這個數字還會大幅升 高！


▲台灣讀者熟悉的HTC Magic在中國以OPhone的面貌出現


OPhone：中國移動的秘密武器

一 聽到OPhone，許多人第一個聯想到的可能是「怎麼又來一個山寨iPhone機了？」，自從Apple iPhone於2007年問世後，坊間出現了無數類似「HiPhone」之類想要搭上順風車的仿冒品。但OPhone不但出身名門（採用Android系 統底層架構），還有一個世界上最大的富爸爸：中國移動公司的支持，如此強大的靠山讓它不成功也難。

用最簡單的方式解釋，OPhone就是 中國移動計畫推出的特殊版Android手機的統稱，但光從外觀上、你很難發現OPhone與Android介面有多少共同點！雖然底層也採用 Android架構，但OPhone上層UI介面已經完全換成中國移動的專屬的 OMS（Open Mobile System）系統，也加入不少OMS特有的函式庫（甚至提供了自己的SDK開發套件）。如果從Linux系統的角度來看，OMS可說是Android系 統的Distributions套件，就如同Debian跟Ubuntu的關係一樣。OPhone內還搭載了許多中國市場專屬、尤其是中國移動提供的特殊 移動通信服務。包括139推送電子郵件信箱（中國移動版本的「黑莓」Push電子郵件服務，但收費卻只是黑莓郵件服務的二十分之一，月租費5元人民幣）及 「飛信」無限量短信發送服務等等，貼近中國消費者的使用需求。


▲由營運商自行研發專屬的智慧型手機系統，中國移動的「OPhone計畫」可謂全球電信業的創舉


全球第一大移動電信營運商的3G挑戰

多 數台灣讀者大概都因為遠傳電信收購案而聽過「中國移動」的名字，但知道中國移動是「世界第一大移動電信營運商」的人卻不多。根據英國市場調查公司 Portio Research日前公佈全球移動營運商的年營收總排名，中國移動以575億美元的年營業額高居榜首，而原先極被看好、也是Apple第一個合作的電信商 AT&T卻以總營收為493億美元次於中國移動、屈居排名世界第二，其他營運商KDDI、T-Mobile美國、Orange、軟銀日本及西班牙 電信等運營商都得往後站。中國移動的手機用戶數目高達3億5000萬戶、超過美國總人口數，中國移動的基地台數量高達23萬台，覆蓋97％的中國領土、從 喜馬拉雅山到吐魯番窪地。

中國移動公司的品牌價值是華人企業在世界的佼佼者：英國《金融時報》（Financial Times）剛公布的全球品牌排名中，中國移動高居第5位（品牌價值高達412億美元），而前4位都是美國企業。套一句筆者任職於電信設備供應商 Ericsson的朋友口中所述：國際電信設備商已經對台灣市場沒有興趣，因為整個台灣市場對3G設備的需求還沒有廣東移動（中國移動的廣東分公司，擁有 將近1億用戶）來的多。從這裡不難看出中國移動在全球通信產業的「重量級」地位。


▲為了爭取年輕客戶，中國移動大手筆請來周董替其代言


由 營運商自行研發專屬的智慧型手機系統，中國移動的「OPhone計畫」可謂全球電信業的創舉，有趣的是這個計畫的促成者仍是iPhone！當Apple考 慮進軍中國市場時，龍頭老大中國移動自然是第一個選擇。但由於雙方對於拆帳方式始終無法達成共識，加以iPhone的3G規格與中國移動的TD- SCDMA系統不相容。最終Apple選擇了擁有WCDMA營運執照的中國聯通為合作伙伴，中國版iPhone已於上週末發表。雖然無緣銷售 iPhone，中國移動卻無法忽視智慧型手機市場的巨大商機。市場調查公司iSuppli剛發表的研究報告指出。隨著3G網路的普及，中國手機用戶對智慧 手機的接受程度正逐步提高。iSuppli預計2009年中國市場智慧手機銷量有望達到2120萬部、2010年將達3020萬部、2012年將增至 5430萬部、2013年將增至6360萬部。如何迎戰來勢洶洶的iPhone大軍？自行主導研發一個的優異智慧型手機作業系統是中國移動的戰略。


▲經過了兩年多的努力，iPhone終於正式進入中國市場


鮮為人知的Google授權分級制

OPhone 能夠順利誕生，Google的開放態度功不可沒。回溯Google Android系統發展之初，希望藉由OHA成員的同盟壯大市場上的認同度，也希望透過OHA成員的能力來強化與加速Android 的開發。Google行動平台資深總監Andy Rubin 在2009年5月公開對媒體表示，2009年將有18~20款Android產品出現在手機市場上，更重要的Android將分為3種使用授權等 級：Obilogation Free、Strings Attached、Google Experience。最陽春的「Obilogation Free」產品完全不用Google的授權，手機製造商可自由採用Android底層架構、但也無法預設安裝任何Google提供的各種應用產品及 Android Market應用程式平台上的資源，手機製造商只能藉由自行開發預設應用軟體來增加產品吸引力。一般來說，如果不是電信營運商訂製的機種，通常都不會選擇 此形式的Android作業系統。


▲雖然使用Android的底層，外觀看來OMS與Android有顯著差異


相 較於Obilogation Free，Strings Attached授權方式代表手機製造商需要經由Google認證，而至於授權機制為何與是否需要授權金皆非公開信息，可能包括如承諾對搭載 Android手機出貨量與Google是否認同產品設計等？好處是這類產品就可預裝Google設計的應用軟體（如Gmail、Google Calendar等等），目前市場上的多數Android產品都屬於此級授權。而最高一級的Google Experience授權方式除了可採用Google開發的應用外，手機製造商與電信營運商都必須承諾開放使用Android Market應用平台，並在機身上打上Google的商標。手機研發人員向筆者透露如果機身上只有Android機器人的標誌，則該機型僅屬於 Strings Attached授權。而像T-Mobile G1機型在後方打上Google標誌的機型則屬於Google Experience。目前在Android Market平台上的收費應用軟體銷售收入除了70%由設計者取得外，另外30%將分給電信營運商，代價是除了手機製造商需要由Google認證外，該電 信營運商也必須受到Google的授權。



▲如果機身上只有Android機器人的標誌，則該機型僅屬於Strings Attached授權


站 在電信營運商的角度，類似Apple直接將App Store控管（以及收入現金流）權力一把抓的方式肯定讓營運商十分感冒。因為電信營運商還是希望確定自己能主導服務的提供（以及最重要的「收費」），在 Google對於拆帳、許可權的規則仍不完全透明的情況下，多數電信營運商儘管有興趣卻不願意明確表態；另外目前主要的行動平臺領導廠商與手機製造商，仍 以Symbin/Nokia具絕對市占領先，而Apple、RIM等製造商的產品相較於Google Android發展更明確且市場需求更穩定，多數電信營運商若是明確表態或者大量採用，可能壓縮到舊有合作廠商的出貨規模及造成舊有合作關係的緊繃。


▲儘管iPhone的營收只佔手機市場總額的8%，但其利潤卻佔了市場總額的32%，其中App Store「螞蟻雄兵」的銷售收入功不可沒

美 國市場的研究報告指出，儘管iPhone的營收只佔手機市場總額的8%，但其利潤卻佔了市場總額的32%，其中App Store「螞蟻雄兵」的銷售收入功不可沒。中國移動深知Apple在App Store嘗到的甜頭，所以堅持不肯在中國市場與之拆帳，這也是後來雙方談判破裂，iPhone轉與聯通合作的原因之一。既然決定鐵了新OPhone要和 iPhone一爭高下，中國移動除了主導OMS（Open Mobile System）作業系統的研發外，還打造了一個名為Mobile Market的應用商店希望複製Apple的成功獲利模式。在Mobile Market軟體分類中包括多媒體、實用軟體、系統工具、通信輔助、網絡軟體等子分類；在遊戲類作品中，開發者可上架角色扮演、動作格鬥、體育競技、射擊 飛行、棋牌益智等遊戲分類，並與中國移動分享銷售收入。中國移動強調他們擁有超過4億的潛在消費族群，開發者將獲得70%的應用銷售利潤分享。預料 Mobile Market將會是中國移動的另一個吸金利器。


▲中國移動除了主導OMS（Open Mobile System）作業系統的研發外，還打造了一個名為Mobile Market的應用商店希望複製Apple的成功獲利模式


全球業者紛紛支持

由 於中國巨大的市場潛力誘因與中國移動的強力支持，OPhone平台已經得到手機產業上下游業者的廣泛關注和支持。在晶片供應商方面，Marvell、高 通、MTK聯芯、展訊和天碁已推出多款相關的晶片解決方案提供手機製造商選擇；而聯想、LG、多普達、Dell、菲利浦、Moto、Samsung、中興 等十多家手機廠商正積極開發OPhone系統的智慧型手機。支援中國自主研發的3G通信規格TD-SCDMA 的OPhone手機也將在年內推出。


▲ 由於中國巨大的市場潛力誘因與中國移動的強力支持，OPhone平台已經得到手機產業上下游業者的廣泛關注和支持

由 於採用Android的底層架構，所以理論上能推出Android產品的廠商都有技術推出OPhone機種。所以聯想可以作 OPhone、宏達電也可以作 OPhone，目前市場上宏達電已將台灣讀者熟悉的HTC Magic搭載OMS系統在中國以多普達 A6188 的型號進行銷售。倘若消費者真的不喜歡OPhone，也可自行透過重刷韌體的方式讓愛機又變回一台標準的Android手機，這給予了消費者許多使用彈 性。


▲聯想也推出了稱為O1的OPhone手機

根 據問卷調查，將近80%的智慧手機使用者從未自行下載/加裝過任何軟體。這表示新機出廠時預裝的軟體功能非常重要，相比於針對美國消費者設計的 iPhone，OPhone擁有更多貼近中國當地使用者的功能（如飛信、139推送電子郵件服務等）。許多其他國家的電信營運商都在觀察「OPhone計 畫」的成敗與否？相較於非智慧型手機的產品設計與製造的毛利約在 10% 以下，智慧型手機的毛利儘管近年逐步下滑，卻仍能維持在毛利35%以上，但以往進入智慧型手機製造的門檻在軟、硬體兩端都明顯較高。智慧型手機最核心的門 檻—作業系統所需要耗費的成本過去不是單一手機製造商或是電信營運商所能負擔得起，而Andriod最具吸引力的部分，就是Google和所有開發者共同 負擔OS開發成本，甚至包括更上層的Middleware 與UI 等成本門檻較高的部分都可以分攤。iPhone在中國上市前4天僅售出4000台（比先前預估的十分之一還少），這或多或少說明了這款在全球所向披靡的手 機在中國市場似乎有些水土不服，未來iPhone與OPhone的戰爭將鹿死誰手？讓我們拭目以待。

▲相比於針對美國消費者設計的iPhone，OPhone擁有更多貼近中國當地使用者的功能

Econ data 09 week 45

USA
Overall

• 3Q productivity-prelim up to +9.5% from +6.6% in 2Q (better, +6.5%)
• Sep construction spending up to +0.8% from -0.1% in Aug (better, -0.2%)

Consumer

• Oct ISM index up to 55.7 from 52.6 in Sep (better, 53.0)
• Oct ISM services down to 50.6 from 50.9 in Sep (worse, 51.5)
• Sep factory order up to +0.9% from -0.8% in Aug (better, +0.8%)
• Oct auto sales up to 3.7M from 3.3M in Sep
• Oct truck sales up to 4.2M from 3.5M in Sep
• Sep wholesales inventories up to -0.9% from -1.3% in Aug (better, -1.0%)
• Sep consumer credit down to -$14.8B from -$9.9B (worse, -$10.0B)

House

• Sep pending home sales down to 6.1% from 6.4% in Aug (better, 0.0%)

Job

• Oct unemployment rate up to 10.2% from 9.8% in Sep (worse, 9.9%)
• Oct nonfarm payrolls up to -190k from -219k in Sep (worse, -175k)
• Oct ADP employment report up to -203k from -227k in Sep (worse, -198k)
• 10/31 initial jobless claims down to 512k from 532k last week (better, 522k)
• 10/24 continuing jobless claims down to 5,749k from 5,817k last week (inline, 5,750k)

Canada

• Oct unemployment rate up to 8.6% from 8.4% in Sep
• Oct net change in employment down to -43.2k from +30.6k
• Sep building permits down to +1.6% from +7.4%

Imperial Oil 3q09 press release

“Net income for the third quarter was $547 million, down 61 percent from the third quarter of 2008, but up 162 percent from the second quarter of 2009. Earnings in the third quarter were down from the same quarter in 2008 primarily due to lower Upstream crude oil and natural gas commodity prices as a result of the global economic downturn. Downstream earnings in the third quarter of 2009 were impacted by reduced demand for products, resulting in lower overall downstream margins.

Net income for the first nine months of 2009 was $1,045 million or $1.22 a share, versus $3,218 million or $3.60 a share for the first nine months of 2008.

Continued lower commodity prices and tight downstream margins resulted in challenging business conditions for the quarter compared to the same period last year. Imperial continues to weather this economic downturn well, with earnings supporting our investments in company growth projects through the down cycle. Our proven approach of focusing on those elements of the business within our control, combined with prudent financial management and disciplined capital investment, will continue to reward our shareholders in these uncertain times. (Oil price down from last year peak at a level above US$140/bbl to only US$70-80/bbl in 3q09.)

Imperial Oil continued its long-term focus and disciplined approach to capital investment. In the third quarter, capital and exploration expenditures increased to $575 million, up 60 percent from the same period last year. For the first nine months of 2009, capital and exploration expenditures were $1,604 million, an increase of 72 percent over the first nine months of 2008. The company continues to develop its outstanding portfolio of company growth projects, delivering new energy supplies which are vital to economic growth. (Bilibala thinks the Oil price will stay at US$80/bbl on average. Once the unemployment rate reach the peak early next year and the economy start to pick up in a more stable manner, oil price should reach US$100/bbl.)

During the first nine months of 2009, the company distributed $747 million cash to shareholders through dividends of $257 million and share repurchases of $490 million."

Third quarter items of interest
�� Net income was $547 million, versus $1,389 million for the third quarter of 2008, and $209 million for the second quarter of 2009.
�� Net income per common share was $0.64, versus $1.57 for the third quarter of 2008.
�� Cash flow from operating activities was $698 million, compared with $1,635 million in the same period last year.
�� Capital and exploration expenditures were $575 million, versus $360 million for the third quarter of 2008.
�� Gross oil-equivalent barrels of production averaged 304,000 barrels a day, compared with 310,000 barrels a day in the same period last year.

Project updates
�� Kearl oil sands project update
Following board approval of the first phase of Kearl in May, the project has been proceeding with
detailed design, procurement and construction activities with a current workforce of about 3,000
employees and contractors. Kearl will be developed in three phases and could ultimately produce
more than 300,000 barrels of bitumen a day before royalties. The first phase of the project is
expected to start up in late 2012. Imperial holds a 71-percent interest in the project and is the
operator in this joint venture with ExxonMobil Canada.

�� Cold Lake surpasses one billion barrels of production
The company's Cold Lake heavy oil operation in northeastern Alberta has surpassed one billion
barrels of cumulative production. Only three other fields in Canada have achieved this milestone, and it is the only in-situ operation to have done so. During four decades of operation at Cold Lake, technological advancements have tripled recovery rates while reducing fresh water use and surface land disturbance.

�� Cold Lake expansion
In September, Imperial filed amendment applications for the previously approved Cold Lake Nabiye project (2004). The proposed changes to the project will result in improved energy efficiency, reduced greenhouse gas and sulphur dioxide emissions, and reduced surface footprint. The Nabiye expansion is continuing to be advanced, and if sanctioned, will add about 30,000 barrels a day of production from a new plant. The expansion will access 250 million barrels of previously undeveloped resource at the Cold Lake heavy oil operation.

(Our world need more and more energy, and Bilibala don't think anyone nor any source can replace oil & gas in the coming 10 years. Imperial Oil has a rich oil sand portfolio to meet continue growth need and the global demand)

Third quarter 2009 vs. third quarter 2008
Upstream net income in the third quarter was $439 million versus $999 million in the same period of 2008.

Earnings decreased primarily due to lower crude oil and natural gas commodity prices of about $950 million as a result of the global economic downturn. Lower realizations were partially offset by lower royalty costs due to lower commodity prices of about $200 million, the impact of a lower Canadian dollar of about $115 million and lower energy costs of about $95 million.

The average price of Brent crude oil in U.S. dollars, a common benchmark for world oil markets, was $68.29 a barrel in the third quarter, down about 41 percent from the corresponding period last year. The company's realizations on sales of Canadian conventional crude oil mirrored the same trend as world prices, decreasing about 43 percent in the third quarter, compared to the same period last year.

The company’s average realizations for Cold Lake heavy oil also declined about 40 percent in the third quarter of 2009, compared to the corresponding period last year. The decline was less than that of lighter crude oil, due to the narrowing price spread between light crude oil and Cold Lake heavy oil.

The company's average realizations for natural gas averaged $2.90 a thousand cubic feet in the third quarter, down from $9.20 in the same quarter last year.

Gross production of Cold Lake heavy oil averaged 145 thousand barrels a day during the third quarter, versus 143 thousand barrels in the same quarter last year. The cyclic nature of production at Cold Lake and lower maintenance activities contributed primarily to the increase in production in the third quarter of 2009.

The company's share of Syncrude's gross production in the third quarter was 78 thousand barrels a day, versus 79 thousand barrels in the third quarter of 2008. Gross production of conventional crude oil averaged 25 thousand barrels a day in the third quarter, essentially the same as the corresponding period of 2008. Gross production of natural gas during the third quarter of 2009 decreased to 291 million cubic feet a day from 309 million cubic feet in the same period last year. The lower production volume was primarily a result of natural reservoir decline.

Net income from Downstream was $62 million in the third quarter of 2009, compared with $270 million in the same period a year ago. When compared to the same period in 2008, earnings in the third quarter of 2009 were negatively impacted by reduced demand for products, resulting in lower overall downstream margins of about $160 million. North American refining margins in the third quarter of 2008 were significantly higher as a result of Hurricane Gustav in the Gulf of Mexico. Also impacting third quarter 2009 earnings were lower sales volumes due to the slowdown in the economy.

Chemical net income was $19 million in the third quarter, compared with $38 million in the same quarter last year. Earnings were lower in the quarter primarily due to lower margins for polyethylene products.

Net income effects from Corporate and other were $27 million in the third quarter, compared with $82 million in the same period of 2008. The decrease in earnings effects in the third quarter reflected changes in share-based compensation charges.

Cash flow from operations was used to fund growth projects such as Kearl. The company will continue to evaluate its share-purchase program in the context of its overall capital activities.
In the third quarter of 2009, the company built $68 million of cash while funding its higher capital program requirements from operating cash flow.

First nine months 2009 vs. first nine months 2008
Net income for the first nine months of 2009 was $1,045 million or $1.22 a share on a diluted basis, versus $3,218 million or $3.60 a share for the first nine months of 2008.

First nine months highlights
�� Net income was $1,045 million, down from $3,218 million in the first nine months of 2008.
�� Net income per common share decreased to $1.22 compared to $3.60 in the same period of 2008.
�� Cash flow from operations was $664 million, versus $3,351 million in the same period of 2008.
�� Capital and exploration expenditures were $1,604 million, up 72 percent.
�� Gross oil-equivalent barrels of production averaged 292 thousands of barrels per day, compared to 309 thousands of barrels per day in the first nine months of 2008.
�� Imperial distributed a total of $747 million cash to shareholders in 2009 through dividends and share repurchases, compared with $2,048 million in 2008.
�� Per-share dividends declared in the first three quarters of 2009 totaled $0.30, up from $0.28 in the same period of 2008.

TransCanada 3q09 press release

CALGARY, Alberta – November 4, 2009 – TransCanada Corporation (TSX, NYSE: TRP) (TransCanada or the Company) today announced net income for third quarter 2009 of $345 million or $0.50 per common share. TransCanada’s Board of Directors also declared a quarterly dividend of $0.38 per common share. (inline with Bilibala's expectation)

“TransCanada continues to post solid earnings and strong cash flows on the strength of our diverse energyinfrastructure business. Third quarter earnings were ahead of last year for our pipelines and natural gas storage assets, while the economic downturn continues to impact power revenues,” said Hal Kvisle, TransCanada’s president and chief executive officer. (Pipeline & Power Generation is a defensive sector during recession, because the business is based on seasonal demand rather than following economic cycle.)

“We made significant progress during the quarter executing the major projects within our $22 billion capital program. TransCanada is well positioned to fund this unprecedented growth. The carrying costs and dilution associated with financing this multi-year program continues to have a near-term impact on our earnings and cash flow per share. However, we are confident that our capital program will generate significant growth in cash flows and earnings over the next four years as our large scale, highly attractive projects commence operations.” (Continue expansion through acquisition and in house construction helps TransCanada's revenue to keep growing in future years. Canada currently having shortage in power supply and population increase will keep pipeline and power demand high.)

Third Quarter 2009 Highlights
(All financial figures are unaudited and in Canadian dollars unless noted otherwise)
�� Net income of $345 million or $0.50 per common share
�� Comparable earnings of $335 million or $0.49 per common share
�� Comparable earnings before interest, taxes, depreciation and amortization (EBITDA) of $994 million
�� Funds generated from operations of $772 million
�� Dividend of $0.38 per common share declared by the Board of Directors
�� Awarded a 20-year contract to build, own and operate a $1.2 billion, 900 megawatt (MW) power generating station in Oakville, Ontario
�� Issued $550 million of cumulative redeemable first preferred shares
�� Continued to advance $22 billion capital program

TransCanada reported net income for third quarter 2009 of $345 million ($0.50 per common share) compared to $390 million ($0.67 per common share) for third quarter 2008.

Comparable earnings were $335 million ($0.49 per common share) in third quarter 2009 compared to $366 million ($0.63 per common share) for the same period in 2008. This decrease was primarily due to lower power prices and volumes sold in Western Power and reduced generation volumes from New England and Bruce Power. (inline with expect)

Partially offsetting these decreases were higher earnings from Canadian pipelines, natural gas storage, Ravenswood acquired in August 2008 and the start up of Portlands Energy and the Carleton wind farm. (Bilibala expected a colder winter, TransCanada should be benefit from this)

Comparable earnings per common share in third quarter 2009 was further reduced compared to the same period last year due to an 18 per cent increase in the average number of shares outstanding following the Company’s issuances of 58.4 million and 35.1 million common shares in second quarter 2009 and fourth quarter 2008, respectively. Proceeds from the offerings were used to fund the acquisition of additional interests in Keystone and for other capital projects, general corporate purposes and to repay short-term debt. TransCanada’s $22 billion capital program is expected to boost cash flow and earnings in the coming years as projects come on-line. (The new shares issues are justified based on the projects listed below given continue monitor their status and performance in future are needed.)

Comparable earnings in third quarter 2009 and 2008 excluded $10 million of after tax net unrealized gains and $2 million of after tax net unrealized losses, respectively, resulting from changes in the fair value of proprietary natural gas inventory in storage and natural gas forward purchase and sale contracts.

Comparable earnings in 2008 also excluded $26 million of favourable income tax adjustments.
Comparable EBITDA in third quarter 2009 was $994 million compared to $1,066 million in third quarter 2008.

Funds generated from operations in third quarter 2009 were $772 million compared to $711 million in third quarter 2008.

Notable recent developments in Pipelines, Energy and Corporate include:

Pipelines:
�� On August 14, 2009, TransCanada purchased ConocoPhillips’ remaining interest in Keystone for US$553 million plus the assumption of US$197 million of short-term debt. TransCanada now owns 100 per cent of this project.

TransCanada also assumed responsibility for ConocoPhillips’ share of the capital investment required to complete the project, resulting in an incremental commitment of US$1.7 billion through the end of 2012.

The first phase of the pipeline is now approximately 90 per cent complete and TransCanada expects to begin filling the line in the fourth quarter of this year with deliveries of oil to the U.S. Midwest commencing in first quarter 2010.

Keystone is currently seeking the necessary regulatory approvals in Canada and the U.S. to build and operate an expansion and extension of the pipeline system that will provide additional capacity of 500,000 barrels per day (bbl/d) from Western Canada to the Gulf Coast in 2012.

In September 2009, the National Energy Board (NEB) held a hearing to review the application for the Canadian portion of the Keystone Gulf Coast expansion with a decision expected in early 2010. Permits for the U.S. portion of the expansion are expected by mid-2010. Construction of the Keystone expansion is expected to begin in 2010 once TransCanada receives all the necessary regulatory approvals.

When completed, the approximately US$12 billion Keystone pipeline will be one of the largest oil
delivery systems in North America with the capacity to deliver 1.1 million bbl/d from Western Canada to the largest refining markets in the United States.

Keystone has secured long-term commitments for 910,000 bbl/d for an average term of 18 years, which represents 83 per cent of the commercial design of the system.
The pipeline is expected to begin generating EBITDA in first quarter 2010 when oil begins flowing to Wood River and Patoka, Illinois. EBITDA is expected to increase through 2011 and 2012 as future phases of Keystone become operational.

Based on current long-term commitments of 910,000 bbl/d, Keystone is expected to generate EBITDA of approximately US$1.2 billion in 2013, its first full year of commercial operation serving both the U.S. Midwest and Gulf Coast markets.

If volumes were to increase to 1.1 million bbl/d, Keystone would generate approximately US$1.5 billion of annual EBITDA. In the future, the pipeline could be economically expanded from 1.1 million bbl/d to 1.5 million bbl/d based on market demand.

�� On September 28, 2009, TransCanada began work on the 160 kilometre (km) Red Earth section of the North Central Corridor (NCC) pipeline that is expected to be complete by April 2010. The 140 km North Star section has been completed and two 13 MW compressor units at the Meikle River compressor station were operational on May 15, 2009 and August 21, 2009 respectively.

The NCC project is a 300 km natural gas pipeline in the northern section of the Alberta System. It will provide capacity needed to deal with increasing gas supply in northwest Alberta and northeast B.C., declining gas supply in northeast Alberta, growing markets within the province, and help deliver more gas to interconnecting pipelines at the Alberta-Saskatchewan border.

The NCC pipeline is expected to reduce fuel consumption on the entire Alberta System by
approximately 50 per cent which is expected to result in shipper savings of between $50 million-$75 million per year.

�� The Alaska Pipeline Project continues to move forward, with the joint TransCanada and ExxonMobil project team actively advancing the engineering, technical, commercial, environmental and stakeholder engagement work leading to the project's initial open season targeted for completion by July 2010.

Energy:
�� On September 30, 2009 the Ontario Power Authority (OPA) awarded TransCanada a 20-year clean energy supply contract to build, own and operate the 900 MW Oakville Generating Station in Oakville, Ontario. A contract has now been finalized with the OPA.

TransCanada expects to invest approximately $1.2 billion in the natural gas-fired, combined-cycle plant, scheduled to start producing power by the end of 2013.

�� Commissioning of the first phase of the Kibby Wind Power project began in September 2009. Twentytwo of the 44 turbines have been constructed and were in service effective October 30, 2009. Roads and foundations for the remaining 22 turbines will be completed this year and the turbines are expected to be installed and operational by the end of third quarter 2010. Kibby will have the capacity to produce 132 MW.

�� Construction of the approximately $670 million, 683 MW Halton Hills Generating Station is continuing on schedule and the facility is anticipated to be in service in the summer of 2010. All of the power produced by the facility will be sold to the OPA under a 20-year power purchase agreement.

�� TransCanada began construction of the US$500 million Coolidge Generating Station in August 2009. The 575 MW power facility is expected to be on-line in second quarter 2011. All of the power produced by the facility will be sold to the Phoenix, Arizona based utility Salt River Project under a 20-year power purchase agreement.

The simple-cycle, natural gas-fired peaking facility will provide a quick response to peak power demand. The facility will also provide reserve capacity and have the ability to generate power on short notice to support power reliability in the region.

�� Initial brush clearing work for the 212 MW Gros-Morne wind farm in Québec has been completed. Clearing for the 58 MW Montagne-Sèche wind farm will be completed by the end of November 2009. The Montagne-Sèche project and phase one of the Gros-Morne wind farm are expected to be operational by 2011. Gros-Morne phase two is expected to be operational by 2012.

These are the fourth and fifth Québec-based wind farms under development by Cartier Wind, which is 62 per cent owned by TransCanada. These two wind farms are expected to have a capital cost of approximately $340 million. Once these two phases are complete, Cartier Wind will be capable of producing 590 MW of electricity. All of the power produced by Cartier Wind is sold to Hydro- Québec Distribution under a 20-year power purchase agreement.

�� Progress continues on the refurbishment and restart of Bruce A Units 1 and 2 with work now advanced to the re-assembly of the reactors. As of September 30, 2009, Bruce A had incurred approximately $3.1 billion in costs for the refurbishment and restart of Units 1 and 2. TransCanada believes that the work on Units 1 and 2 is now approximately 75 per cent complete, with the bulk of the highly technical, high risk work now finished. Although a significant amount of work remains to be done, most of this work is conventional power plant construction activity.

The project has experienced delays and TransCanada now expects that Unit 2 will be restarted mid-2011, with Unit 1 expected to follow approximately four months thereafter. The impact of this delay is mitigated by the previously announced extension of the operating lives of Unit 3 to 2011 and Unit 4 to 2016, with further life extensions expected as additional reactor optimization activities proceed.

TransCanada continues to work closely with Bruce Power to address productivity and overall project management and notes that there have been recent, significant successes in this area.

Corporate:
�� TransCanada and its subsidiaries held cash and cash equivalents of $2.4 billion at September 30, 2009.

�� On September 30, 2009, TransCanada completed a public offering of 22 million cumulative redeemable first preferred shares. Net proceeds from the $550 million preferred share offering are expected to be used by TransCanada to partially fund capital projects, for general corporate purposes and to re-pay short-term debt of TransCanada and its affiliates.

�� TransCanada is well positioned to fund its existing capital program through its growing internallygenerated cash flow, its dividend reinvestment and share purchase plan, and its continued access to capital markets. TransCanada will also continue to examine opportunities for portfolio management, including an ongoing role for TC PipeLines, LP in the financing of TransCanada’s capital program.