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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end? -- Ignore unavailable to you. Want to Upgrade?

To: Mad2 who wrote (3019)	8/27/2000 7:24:52 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 3543

PAYING TOO MUCH AGAIN? A purchase price for Powertel of more than two times market capitalisation may raise renewed questions about whether Telekom is paying too much for its U.S. expansion drive. Deutsche Telekom's stock has fallen by a third since its June offering of a new tranche of shares on fears that Telekom is paying too much for VoiceStream and for UMTS third-generation mobile phone licenses in Europe. Telekom Chief Executive Ron Sommer said after the VoiceStream buy that Telekom was in the market for further acquisitions in the United States where he has pledged that in the long term, the company will be at least as large as it is now in Europe. Telekom's finance chief said during the weekend that the group's share price was ``dramatically undervalued'' and he would talk to investors in September in a campaign to boost it. Chief Financial Officer Karl-Gerhard Eick told Frankfurter Allgemeine Zeitung: ``It will be my main task in the coming weeks and months to create new confidence in the share. Instead of the usual two weeks I shall be on the road for four weeks. We will fight to raise the share price.'' He said Telekom's share price, which closed up 2.14 percent at 44.30 euros on Friday -- down from a March peak of 104 and from the 66.50 euro issue price of its June equity offering -- was dramatically undervalued at current levels. ``We evidently have not been able to explain to shareholders and investors why the high costs for the purchase of VoiceStream and of the UMTS licenses are justified,'' Eick said. He said Telekom was better positioned in the German UMTS market than many competitors and that the VoiceStream purchase had been a good investment. Eick did not say at what level he would see Telekom as fairly valued. But he pointed out that Deutsche Bank AG had set a share price target of 62 to 64 euros for the stock. Eick said Telekom would float its mobile phone activities only when the takeover of VoiceStream had been completed or when it was certain that it would be completed. Telekom announced on Aug. 9 that it was postponing the flotation of its T-Mobile cellphone unit scheduled for the autumn because its takeover of VoiceStream had made preparations for a listing more complex. biz.yahoo.com

To: Mad2 who wrote (3019)	10/22/2000 4:07:53 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 3543

Morons of the century.... or even the morons of the millenium? German Telecom companies try to get back their UMTS-Billions they just happily doled out in the August tender... What do you say? They seek a court to have the 100 Billion deal undone? All of these clowns at the companies helms should be fired on the spot. de.news.yahoo.com >>>>>>>>>>>>>>> <<<<<<<<<<<<<< >>>>>>>>>>>>>> Viag Interkom will UMTS-Milliarden zurück (ZDNet Deutschland) - Viag (Frankfurt: 762620.F - Nachrichten) Interkom hat die Bundesregierung aufgefordert, einen Teil des Betrages für die UMTS-Lizenzen zurückzuerstatten. Der Vorsitzende der Geschäftsführung, Maximilian Ardelt, sagte in Frankfurt am Main, die UMTS-Milliarden würden kurz- und mittelfristig die Wachstumsentwicklung der gesamten Branche deutlich reduzieren. Infolgedessen werde auch der bisherige "Arbeitsplatzmotor Telekommunikation" für einige Zeit ins Stottern geraten. Maximilian Ardelt appellierte an den Staat, den angeblichen Schaden für die Telekommunikationsbranche zu begrenzen. Der Zukunftsmarkt "Mobile Multimedia" werde mit steuerlichen Belastungen von sechs bis sieben Milliarden jährlich belegt. Diese Abgabe sei direkte Folge des Auktionsverfahrens für die UMTS-Lizenzen. Durch den "ergebnislosen Versuch des Bundesunternehmens Deutsche Telekom (Frankfurt: 555750.F - Nachrichten)" (Börse Frankfurt: DTE), einen weiteren neuen Bieter zur Aufgabe zu zwingen, sei der Lizenzpreis in unakzeptable Höhen getrieben worden, ohne dass sich die Mitbewerber dem entziehen konnten. Daher, so Ardelt, müsse die Bundesregierung den wirtschaftlich unvertretbaren Teil des Lizenzbetrages zurückerstatten. Der Viag Interkom-Chef wiederholte damit seine erstmals im August geäußerte Kritik: "Wir haben schon vor der Auktion gesagt, dass wir diese Versteigerung nicht für den besten Weg halten. Die hohen Kosten belasten die Unternehmen und werden den Start von UMTS in Deutschland verzögern." Auch der Konkurrent Mobilcom (Börse Frankfurt: MOB) versucht die ausgegebenen Milliarden zurückzuholen: Er lässt derzeit einen Einspruch gegen den Versteigerungsmodus der UMTS-Frequenzen von neutralen Juristen prüfen. Das hat Firmengründer Gerhard Schmid vor einigen Tagen mitgeteilt. Vor rund zwei Monaten haben T-Mobile, Mannesmann Mobilfunk, E-Plus, Viag Interkom, Mobilcom und das spanisch-finnische Konsortium 3G die Lizenzen der dritten Mobilfunkgeneration für zusammen knapp 100 Milliarden Mark ersteigert (ZDNet berichtete). Aktuelles und Grundlegendes zum Universal Mobile Telecommunication System bietet ein News-Report zum Thema UMTS.

To: Mad2 who wrote (3019)	10/22/2000 4:19:44 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 3543

Viag Interkom wants UMTS billions back (ZDNet Germany) - Viag (Frankfurt: 762620.f - message) Interkom requested the Federal Government to return a part of the amount for the UMTS licenses. The chairman of the management, Maximilian Ardelt, said in Frankfurt/Main, UMTS billions would clearly reduce the short and medium-term growth development of the entire industry. Consequently also the past saying" employment engine -telecommunications " will stumble for some time. Maximilian Ardelt appealed to the state to limit the alleged damage for the telecommunications industry. The future market " mobile Multimedia " is burdened annually with taxation from six to seven billions. This duty is the direct consequence of the auction procedure for the UMTS licenses. As a result of the " futile attempt by state-owned enterprise German Telekom (Frankfurt: 555750.f) to force one of the competing suitors to surrender" the license fee was driven into unacceptable heights, while none of the competitors could exclude itself from that [bidding]. Therefore, so Ardelt, the Federal Government must return the economically untenable part of the amount of license fee. Thereby, the Viag Interkom boss repeated its criticism he expressed the first time in August : " we already said before the auction took place that we do not regard this auction as the best way. The high costs burden the enterprises and the start of UMTS in Germany will be delayed." Also, competitor Mobilcom (stock exchange Frankfurt: MOBILIZATION) tries to fetch the output billions back: At present, it has an injunction against the auction mode of the UMTS frequencies checked by neutral lawyers. That indicated firm founder Gerhard Schmid some days ago. About two months ago t-mobile, mannesmann mobile radio, e-plus, Viag Interkom, Mobilcom and the Spanish-Finnish consortium 3G tendered the licenses of the third portable radio generation for altogether approximately 100 billion Marks (ZDNet reported). A News report offers current and fundamental to universal the mobile Telecommunication system about UMTS.