Instead, the company is making a number of moves to boost shareholder value, among other things declaring an annual dividend of 50 cents a share, and opting to spin off its stake in its Covisint unit to holders following a pending IPO of that business.

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But the state-owned daily El Moudjahid sees things rather differently, declaring that Algerians "have shown great enthusiasm for the forthcoming legislative elections".

BBC: Algerian press lukewarm about poll