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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting

QCOM 148.83

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Feb 4 3:59 PM EST

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To: foundation who wrote (614)	7/10/2000 8:15:57 PM
From: Ruffian	Read Replies (1) of 197563

Deutsche Telekom makes offer for VoiceStream - FT (UPDATE: Adds background, share price information) LONDON, July 10 (Reuters) - Deutsche Telekom AG has made an offer to buy VoiceStream Wireless Corp (NasdaqNM:VSTR - news) that values the U.S. mobile phone company at more than $30 billion (20 billion pounds), the Financial Times reported on Monday. The newspaper said in a report on its website that the offer came despite Deutsche Telekom's continued interest in acquiring Sprint Corp (NYSE:FON - news), a larger phone group likely to be up for auction following the collapse of a rival bid from WorldCom Inc (NasdaqNM:WCOM - news). The FT's unsourced report said France Telecom SA was also known to be interested in making an offer for VoiceStream through its Orange mobile phone subsidiary. Deutsche Telekom is the furthest advanced in its negotiations and has approached VoiceStream with a specific offer to acquire all of its share capital or a controlling stake, the newspaper said. No one at Deutsche Telekom was immediately available for comment on the FT report. CEO UNDER PRESSURE TO DELIVER Deutsche Telekom's Chief Executive Ron Sommer has vowed in the past that the majority state-owned giant will one day be as big in the United States as it now is in Europe. Industry analysts have said Deutsche Telekom may revive talks with U.S. carrier Qwest Communications International Inc (NYSE:Q - news), with which talks were abandoned in March, or try for the likes of VoiceStream. Analysts have also not ruled out the possibility that Deutsche Telekom may turn its attention to WorldCom, whose prized Internet arm UUNET is the largest backbone in the world and would marry well with the German company's T-Online Internet service provider. But Sommer has said he will not be pushed into any hasty bid. Industry experts have said Deutsche Telekom would be ``crazy'' not to be eyeing a $100 billion-plus bid for Sprint, which was effectively put back into play in late June amid intense U.S. and European regulatory opposition to a $120 billion bid by WorldCom that watchdogs said would violate Internet and long-distance anti-trust rules. After closing at $124-15/16 on the U.S. Nasdaq market, down 15/16 for the session, VoiceStream shares rose as high as $141 in after-hours trading on the reported Deutsche Telekom offer. VoiceStream officials did not immediately return phone calls seeking comment. ($1 equals (0.66 pound)

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