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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting -- Ignore unavailable to you. Want to Upgrade?

To: foundation who wrote (614)	7/10/2000 8:13:31 PM
From: gdichaz	Respond to of 197603

Good. This is a joy. For Deutsche Telekom to waste its money on a dying technology is super. Worried that the DOJ in its myopia had put Sprint at risk with the kow towing to Europe over WCOM/Sprint merger. But this DOJ crew has less than 6 months. Wish them well with whatever they do in their afterlife - after power. Best. Chaz

To: foundation who wrote (614)	7/10/2000 8:15:57 PM
From: Ruffian	Read Replies (1) \| Respond to of 197603

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)

To: foundation who wrote (614)	7/11/2000 4:02:12 PM
From: jackmore	Read Replies (1) \| Respond to of 197603

A couple of thoughts on the DT offer to buy Voicestream: 1. U.S. to E.U., "Okay, we went along with nixing the Sprint/WCOM deal, but now it's time for some quid pro quo. Let one carrier use CDMA in Europe and we'll let DT come here and do GSM. Then let the markets work in both locations." 2. Without this condition, DT would likely try to subsidize their U.S. operations with Euro monopoly money, and neutralize some of the CDMA cost advantages in the U.S. This would not be good. Can this administration do any horse trading? Are they paying any attention to U.S. competitive position? What gives? /jack