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To: Pluvia who wrote (1239)9/23/1998 6:27:00 AM
From: David Wiggins  Read Replies (1) | Respond to of 3175
 
Thanks Steve, Here's some good news from Europe
Mannesmann on Track
Significant Earnings Improvement for 1998 Confirmed
Telecommunications Reports Strong Growth
Portfolio Optimization Continues
DUSSELDORF, Germany, Sept. 23 /PRNewswire/ -- Mannesmann confirms the improved earnings forecast for the full year 1998 made in August: Mannesmann expects a significant improvement in earnings in comparison to 1997. This announcement is made by the Management Board at today's meeting of the Supervisory Board.

Thanks to the continuing substantial earnings improvement at Mannesmann D2, the Group's Telecommunications Sector is expected to report significantly better earnings despite increased start-up losses and goodwill amortization at its European telecommunications activities outside Germany. The strong growth at Mannesmann D2, Mannesmann Arcor, Omnitel (Italy) and SFR (France) has also continued in recent months. Mannesmann D2 now has well in excess of five million subscribers. Mannesmann Arcor currently handles more than 10 million minutes per day. With more than 4.7 million subscribers, Omnitel has advanced from rank eight to rank four among European mobile telephone operators in the last 12 months.

You made a great call last time, I hope this one is as good.

Regards, Dave



To: Pluvia who wrote (1239)9/24/1998 1:27:00 PM
From: Marty  Respond to of 3175
 
I agree that some fund must be unloading shares for their own reasons causing the recent drop. There is no bad news that I have heard and the good fundamentals are still in place.

Good stocks like this always bounce back, examples abound.

I have been buying ATI LEAPS with this opportunity... more bang for the bucks and you don't have to be that great a market timer.