Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : The Big Tex House of Coin -- Ignore unavailable to you. Want to Upgrade?

To: ImInAndLong who wrote (17138)	2/2/2001 11:04:16 AM
From: Skycat	Read Replies (1) \| Respond to of 19297

Yep..they just did a re-spin of an old news story..STRX had already announced they were pulling out of Germany....but the timing did not help. They were supposed to close the IDTC deal yesterday - I'm not encouraged by the fact they have not issued a PR to that effect. Here's the info from the previous PF: STAR Deutschland GmbH is projected to lose $31.8 million on $120.7 million of revenues for fiscal year 2000 and its monthly revenue has declined over the last 12 months from $13.4 million to $4.4 million in December 2000. STAR Deutschland will work with its customers to transition their traffic to other carriers and, thereafter, will commence an orderly disposition of its assets. ``The financial results of STAR's German operations are unacceptable,'' stated Brett S. Messing, chairman and chief executive officer of STAR Telecommunications. ``STAR's new management team will continue to take decisive action to return the company to profitability.''