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Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?

To: Elsewhere who wrote (3690)	11/30/2001 12:21:44 PM
From: Ahda	Respond to of 24758

I predict leaner times all over the globe. De pink is turning to de red. news.excite.com FRANKFURT (Reuters) - Deutsche Telekom AG (DTEGn.DE) fears Liberty Media (LMC.A) could cancel plans to buy the telecoms group's cable assets if its move to buy into KirchPayTV is blocked by regulators. The concerns were expressed in a letter to the German cartel office, a copy of which was obtained by Reuters on Friday. A withdrawal by Liberty (LMC.A) from the cable deal would leave a gaping 5.5 billion euro ($4.88 billion) hole in Deutsche Telekom's income statement in 2002, a sum it had earmarked to reduce its 65.2 billion debt mountain next year. Deutsche Telekom's concern about the consequences of a deal in which it is not directly involved raises questions about what kind of exit clauses Liberty inserted into the cable deal with the telecoms giant. "From the standpoint of Deutsche Telekom it is to be feared that a rejection of the Liberty/Kirch venture could lead Liberty to withdraw from its plans to buy Deutsche Telekom's cable network activities," Deutsche Telekom said in the letter. The letter, dated November 26 and sent by a law firm acting on behalf of Deutsche Telekom, seeks admission as an interested third party to the cartel office's investigation into Liberty's planned acquisition of a 22 percent stake in the pay TV venture of German media mogul Leo Kirch KRCH.UL. A spokesman for Deutsche Telekom declined to comment on the existence or content of the letter. The KirchPayTV case is the latest in a total of three procedures pending at the German cartel office which involve Liberty Media's rush into Germany's media landscape. The first case is the 5.5 billion euros acquisition of Deutsche Telekom's cable assets itself. On Thursday, a top cartel official told Reuters his department was concerned about the deal. A decision is due on January 7. A second case, concerning Liberty's acquisition of cable assets from Deutsche Bank (DBKGn.DE), was launched in November. But anti-trust clearance for the Deutsche Telekom deal itself appears not to be sufficient to finalize the acquisition by Liberty. Speculation on exit clauses in the contract emerged when the Liberty/Deutsche Telekom cable deal was announced in September. Sources close to the negotiation told Reuters in September that Liberty and Deutsche Telekom had agreed on a relatively broad range of bilateral exit clauses in the event that the legal or political environment changed.

To: Elsewhere who wrote (3690)	11/30/2001 12:57:14 PM
From: ahhaha	Read Replies (1) \| Respond to of 24758

Well, maybe I was a bit too aggressive saying Daimler-Chrysler will go bust. They have a chance. However, unless they change their direction it's another smoking ENE bomb. Trying to invest $35 billion in the US is completely unsound. They won't invest $1 billion in the US. They should invest in European hybrid plant and get rid of non-automobile divisions, change the top heavy management structure, and look for new design engineers with different and innovative ideas. Paying down debt is probably more important than investment. They can shift investment from the myriad of bells and whistles they have been squandering money on, to the bread and butter of the hybrid revolution.