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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (25805)11/28/2002 8:12:45 PM
From: elmatador  Respond to of 74559
 
<<Japanese govt to ramp the Nikkei index, they must buy Docomo, and better still, they do not need to buy a lot of Docomo in order to ramp it. Best of all, they will be buying my Docomo, at the appropriate time:0)>>

I think I've got one convert to my idea that governments will step in!



To: TobagoJack who wrote (25805)11/28/2002 8:26:22 PM
From: elmatador  Read Replies (1) | Respond to of 74559
 
The share price more than doubled since it first became clear that the government would not attempt to raise €15bn via a capital increase at a time when France Telecom was valued at only €10bn, a shadow of its bull market €200bn.

Next Thursday, Thierry Breton, new chairman of the 56 per cent state-owned operator (FT), will outline to his board the case for a €9bn ($8.9bn) "shareholder" loan from the state.

news.ft.com

Expect Telecom Italia, Telekom Austria, Portugal Telecom, TDC (Denmark), Belgacom, KPN, Swisscom ... all will follow suit.

With raising populism among the Europeans sensing the potential loss of the cushy jobs and free lunches re-nationalization is the way they will go, Jay!

Well, we didn't think re-nationalization would be an abracadabra, did we?