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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Junkyardawg who wrote (6411)	1/9/1999 3:15:00 AM
From: Glenn	Respond to of 90042

This is interesting. FOCUS-D.Telekom calls Global One loss speculation (updates with Telekom comment in paras 1,3, share price in para 8-9, background throughout) FRANKFURT, Jan 8 (Reuters) - Deutsche Telekom AG <DTEG.F> on Friday dismissed as "speculation" a newspaper report that its Global One Communications SA joint venture would suffer an after-tax loss of $809 million for 1998. Die Welt, a German daily, said Telekom's share of the loss would amount to $260 million. "That is pure speculation," Telekom spokesman Hans Ehnert told Reuters. In the first half of 1998, the company reported a $250 million loss related to Global One. The venture, which aims to provide seamless data and voice services worldwide, also includes France Telecom SA <FTE.PA> and Sprint Corp <FON.N> of the United States. Despite the spectre of losses, some analysts said they remained bullish about Global One's prospects. "This figure would be about 25 percent higher than expected, but I am pretty confident they will reach break-even by 2001," said Michael Schatzschneider at BHF Bank in Frankfurt. "It is natural that when you build up complex infrastructure like a global network that you will have losses at the beginning, and then it becomes a cash cow," he said. In electronic trading, Telekom shares were up 40 cents at 34.55 euros after an earlier decline. They are up 21 percent since December 30, the last day of trading before euro-denominated trade sent telecoms and other large European stocks soaring. Telekom shares are up about 100 percent in the last 12 months. Die Welt said Brussels-based Global One would book 1998 sales of $1.12 billion and an operating loss of $485 million. The numbers were drawn from a confidential projection from Deutsche Telekom, the paper said. The forecast predicted Global One would become profitable in 2001 with an operating profit of 110 million marks and an after-tax gain of $24 million. Telekom expected Global One sales growth of about 35 percent annually, reaching $2.93 billion in 2001, Die Welt said. REUTERS Rtr 05:15 01-08-

To: Junkyardawg who wrote (6411)	1/9/1999 3:31:00 AM
From: Glenn	Read Replies (1) \| Respond to of 90042

I just read that Xerox and Wurlitzer were going to merge. They're going to make reproductive organs. A number of years ago there was a proposed merger between Fairchild Electronics and Honeywell Computers. Rumor had it that the new company would be called Fairwell Honeychild. There is a merger in the works between Polygram Records, Warner Brothers, and Keebler. It will be called Poly-Warner-Cracker. There has long been a rumor that W. R. Grace Co. was going to buy the Fuller Brush Company and Mary Kay Cosmetics, then merge with Hale Business Sytems. This would result in the new mega-corporation Hale Mary Fuller Grace. Others in the works: 3M & Goodyear - mmmGood Honeywell & Imasco & Home Oil - Honey I'm Home 3M & JCPenney & Canadian Opera Co - 3 Penney Opera Grey Poupon & Dockers Pants - Poupon Pants Knott's Berry Farm & National Organization of Women - Knott NOW! Zippo Mfg. & Audi & Dofasco & Dakota Mining - Zip Audi Do-Da