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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (25805)11/28/2002 8:26:22 PM
From: elmatador  Read Replies (1) of 74559
 
The share price more than doubled since it first became clear that the government would not attempt to raise €15bn via a capital increase at a time when France Telecom was valued at only €10bn, a shadow of its bull market €200bn.

Next Thursday, Thierry Breton, new chairman of the 56 per cent state-owned operator (FT), will outline to his board the case for a €9bn ($8.9bn) "shareholder" loan from the state.

news.ft.com

Expect Telecom Italia, Telekom Austria, Portugal Telecom, TDC (Denmark), Belgacom, KPN, Swisscom ... all will follow suit.

With raising populism among the Europeans sensing the potential loss of the cushy jobs and free lunches re-nationalization is the way they will go, Jay!

Well, we didn't think re-nationalization would be an abracadabra, did we?
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