Kudelski, Sonova, Sulzer, Transocean, UBS: Swiss Equity Preview

The following is a list of companies whose shares may have unusual price changes in Zurich. Stock symbols are in parentheses after company names. Share prices are from the last close.

The Swiss Market Index of the biggest and most actively traded companies was almost unchanged at 6,622.77 yesterday. The broader Swiss Performance Index slid 0.3 percent.

Banque Cantonale Vaudoise (BCVN SW): The Lausanne, Switzerland-based bank said its assets under management fell to 75.8 billion Swiss francs ($81.5 billion) at the end of 2010, with net new money over the year reaching 758 million francs. The shares slipped 0.8 percent to 524 francs.

Bank Sarasin & Cie AG (BSAN SW): The Swiss wealth manager controlled by Rabobank Groep NV said full-year net income fell to 107.8 million francs from 108 million francs a year earlier, missing the 115.8 million-franc average estimate of six analysts surveyed by Bloomberg. The shares fell 1.4 percent to 42.60 francs.

Kudelski SA (KUD SW): The maker of digital television applications said 2010 net income gained 31 percent to 66.7 million francs. The shares tumbled 4.2 percent to 19.20 francs.

Micronas Semiconductor Holding AG (MASN SW): The Zurich- based electronic components maker reported full-year net sales of 190.3 million francs and forecast growth in its Hall sensor unit this year. The shares slid 1.1 percent to 13.90 francs.

Sonova Holding AG (SOON VX): Sonova announced a change in the existing acquisition agreement with representatives of the former shareholders of InSound Medical Inc. A one-off payment of $94 million will replace all previous earn-out obligations. The shares rose 0.8 percent to 120.50 francs.

Sulzer AG (SUN SW): The world’s second-largest maker of pumps reported 2010 sales of 3.18 billion francs, down from 3.35 billion francs in the previous year. Net income was 300.4 million francs, up from 270.4 million francs. The shares lost 4.1 percent to 135.30 francs.

Transocean Ltd. (RIGN VX): The Geneva-based offshore oil driller posted its biggest quarterly loss in eight years. The company swung to a loss of $799 million during the final three months of 2010 from net income of $723 million a year earlier. Shares in Transocean advanced 0.3 percent to 77.45 francs.

UBS AG (UBSN VX): Switzerland’s biggest bank was raised to “outperform” from “neutral” at Mediobanca SpA. The shares slipped 0.3 percent to 18.45 francs.

To contact the reporter on this story: Giles Broom in Zurich at gbroom@bloomberg.net.

To contact the editor responsible for this story: David Merritt at dmerritt1@bloomberg.net.

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