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Strategies & Market Trends : Paint The Table

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To: Jorj X Mckie who wrote (20685)	3/18/2002 7:11:35 PM
From: Challo Jeregy	Read Replies (1) of 23786

quote.bloomberg.com. 03/18 16:31 Deutsche Telekom Cuts Dividend, Delays Debt Target (Update1) By Matthew Miller Bonn, March 18 (Bloomberg) -- Deutsche Telekom AG, Europe's largest phone company, said it will cut its 2001 dividend by 40 percent, reduce investments and cut operating costs after a plan to sell about 15 billion euros ($13 billion) in assets stalled. The company plans to pay a dividend of 37 cents a share compared with 62 cents a year earlier, it said in a statement to the Frankfurt exchange. Capital expenditure this year will be ``significantly'' below last year's 9.9 billion euros.

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