SI
SI
discoversearch

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.
Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?


To: JohnG who wrote (107127)10/17/2001 9:48:11 AM
From: JohnG  Read Replies (2) | Respond to of 152472
 
French Govt elects to pay a huge Multi billion dollar subsidy to its incumbent telecom companies to promote the European version of 3G technology. Euro socailism in action. So what will the Mighty European commission do to stop this. What about WTO rules.

European Phone-Equipment Makers Rise on UMTS Decision (Update1)
By Jad Mouawad

Paris, Oct. 17 (Bloomberg) -- Alcatel SA and other European phone-equipment makers rose for the second day on optimism phone companies will have more money to invest in new networks after the French government cut the price for faster wireless service licenses.

Alcatel, Europe's fourth-largest telecom equipment maker, rose as much as 15 percent, after gaining 8.6 percent yesterday, to 17.2 euros. Ericsson, No. 1 maker of mobile telephone networks, rose as much as 8 percent. Bloomberg's European Phone Equipment index, down 61 percent this year, rose 8.5 percent.

France will charge 619 million euros ($560 million) for each license, plus an unspecified share of revenue from the services, it said yesterday. That's down from the 4.95 billion euros the government sought in June. France also said it would seek to award two more licenses by the end of the year.

``It's good news for the equipment makers who depend on operators' expenditure,'' said Mark Davis, a telecommunications analyst at WestLB Panmure. ``It's the first bit of good news about 3G in a long time.''

The lower cost of the UMTS, or Universal Mobile Telecommunications System, licenses will save France Telecom SA and Vivendi Universal SA -- each awarded a license this year -- about 1.9 billion euros by the end of 2002. That's cash that can go towards reducing debt and building the networks, which analysts estimate will cost about 4 billion euros per operator.

New Applicants

Orange, the mobile phone unit of France Telecom SA, has placed more than 2.3 billion euros of orders with Nokia Oyj, Alcatel and Ericsson for building networks in France, the U.K. and Germany. Vivendi's SFR mobile unit picked Nokia and Siemens AG to build its UMTS network

Shares of Bouygues SA, which owns France's No. 3 mobile phone company, and Spain's Telefonica SA also rose, as investors bet the companies may seek the two remaining French licenses. Bouygues gained as much as 7.9 percent, after rising 10 percent yesterday. Telefonica rose as much as 5.9 percent. Telefonica Moviles shares rose as much as 4.2 percent.

Germany's Siemens AG rose as much as 6.9 percent, and Nokia Oyj gained as much as 8.1 percent, after gaining 4 percent yesterday. Marconi Plc, the biggest U.K. phone-equipment maker, rose as much as 34 percent to 50 pence. Its shares have more than tripled this month.

European phone companies also rose. France Telecom, owner of the nation's biggest mobile-phone company Orange SA, rose as much as 7.5 percent to 40.07 euros. Shares of Vivendi, which controls SFR, No. 2 wireless company, gained up to 5.3 percent to 56.6 euros. Deutsche Telekom AG shares rose as much as 5.2 percent.





Access More Information and Services Above

©2001 Bloomberg L.P. All rights reserved. Terms of Service, Privacy Policy and Trademarks.



To: JohnG who wrote (107127)10/17/2001 11:44:09 AM
From: ggamer  Read Replies (1) | Respond to of 152472
 
Is this true???

By 1942, the Holocaust was occurring, and a
certain liberal sympathy with
the Jewish people had built up in the Western
world. At that point, the
terrorists of Palestine, who were Zionists, suddenly
started to be
described, by 1944-45, as "freedom fighters." At
least two Israeli Prime
Ministers, including Menachem Begin, have
actually, you can find in the
books and posters with their pictures, saying
"Terrorists, Reward This
Much." The highest reward I have noted so far
was 100,000 British pounds
on the head of Menachem Begin, the terrorist.