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To: Charlie Smith who wrote (8868)1/10/1998 11:52:00 AM
From: 4-UR-Eyes-Only  Read Replies (1) | Respond to of 21342
 
Saturday January 10, 6:30 am Eastern Time

Siemens says to raise approved capital

MUNICH, Germany, Jan 10 (Reuters) - Siemens AG (OTC BB:SMAWY - news; SIEG.F) said it
will raise its approved capital by 150 million marks to fund a possible takeover of a company or a
division of a company.

No new shares will be distributed to shareholders and the funds will be raised by assigning a value to
plant and equipment at the company, Siemens said in an invitation to its annual shareholder meeting
on February 19.

Siemens said it needed to be ready to take over other businesses to become more flexible and
quickly enter regional markets.

==============================================================
Any comments? Will 1998 be a year of major consolidation of telecom.
equipment companies?



To: Charlie Smith who wrote (8868)1/10/1998 4:01:00 PM
From: Trey McAtee  Respond to of 21342
 
charlie--

i was not trying to be derogatory to indonesia, i was merely trying to point out that asia as a whole will not handicap our economy significantly. this is not the start of another depression.

the sellinf yesterday was panic. there was no reason for it. indonesia is not a significant trading partner of the US, and the fact that problems with its currency caused the sell off is, IMHO, absurd.

good luck to all,
trey


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