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To: JohnG who wrote (13262)	7/3/2001 8:26:00 AM
From: Dave	Read Replies (2) \| Respond to of 34857

John, This is something I don't understand... The steel dispute comes amid an equally damaging row over tax subsidies given to US companies operating in Europe. The World Trade Organisation (WTO) last month ruled that the Bush Administration was breaking international trade regulations by offering the subsidies, and opened the door for the EU to impose $4 billion in sanctions against the US. And the Europeans don't subsidize their businesses? What about Airbus? Isn't that still being heavily subsidized by the EU, while poor Boeing has to fend for itself?

To: JohnG who wrote (13262)	7/3/2001 10:46:03 AM
From: elmatador	Respond to of 34857

JohnG this how things work here in Europe: EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT (EBRD) TAKES AN EQUITY STAKE IN CESKY MOBIL'S PARENT COMPANY, TIW CZECH N. V. ClearWave N.V. today announced that the European Bank for Reconstruction and Development (EBRD) has agreed to invest USD 25 million in TIW Czech N.V., a ClearWave affiliate that owns 94.1% of the equity of Èeský Mobil a.s. The USD 25 million investment will give EBRD an equity ownership position of 5.77% of TIW Czech N.V. Effectively, as part of the transaction, there will be a re-distribution of future commitments by existing investors whereby JP Morgan Partners will reduce its commitment while still remaining the largest equity shareholder after ClearWave. Two other investors, namely Mediatel Capital and Part'Com are also marginally reducing their future commitments while ClearWave has increased its ownership from 23.5 to 24.2% and retains voting control. "The EBRD involvement would support further development of Cesky Mobil's network development and help to stimulate customer choice in the Czech Republic by promoting sustainable expansion of the telecommunications network and foster the emergence of innovative and advanced services that are crucial for the overall competitiveness of business in this region," said Izzet Güney EBRD's Director for Telecommunications, Informatics and Media Sector. clearwave.cz Now look what ClearWave wants to do and guess where the money will come from. Writing his name in mobile phone history Emma McClune 18 June 2001 Alexander Tolstoy has taken the mobile revolution around the world, from Canada to the Far East, and now he's spreading the word nearer to his ancestral roots in Eastern Europe. Alexander Tolstoy, the great-great grand nephew of the Russian novelist Leo Tolstoy, has launched GSM services in Canada, India, China, Saudi Arabia, Romania and the Czech Republic, but he's not stopping there. Currently chief executive officer of no less than three companies - Cesky Mobil a.s., the Czech Republic's third GSM provider; MobiFon S.A., Romania's first GSM operator; and ClearWave N.V., the holding company of both - Tolstoy is now eyeing the opportunities afforded by entering neighboring countries Slovakia, Croatia and other former Yugoslav states as a second or third operator. "I really want to grow ClearWave. My team also needs to be challenged with another project," he said. "Any idea of early retirement has gone out the door." totaltele.com Perhaps the US should be taking a page of the European book. Meanwhile I can still build some 2G networks in the next few years. Good for Siemens too that are their supplier.