Great, Moody must have, just last week, dug up some old
Nokia slides.
This, of course, gives another clue:
---
It said the achievement of debt reduction targets by
companies such as British Telecommunications (A2), Deutsche
Telekom (A2), France Telecom (A3), Sonera (A2) and KPN
(Baa2) may not be achievable due to poor equity market
sentiment.
"The companies remain vulnerable because of their need to
reduce debt at a time when increasing shareholder pressure
and a non-receptive market for new equity issuance and asset
sales are going to make that very difficult," said Carlos
Winzer, telecom analyst at Moody's and co-author of the
report.
---
Poor equity market sentiment and shareholder pressure might
be the last chance for world dominance????
As well as Prozac and Viagra for Motorola.
Ilmarinen
P.S. not much of that has, of course, much meaning in
really populated areas, like Japan, Holland and parts of
China,etc.. (where GPRS on new bands might be really
smart and some WLL for the homes) |
