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Technology Stocks : 3Com Corporation (COMS) -- Ignore unavailable to you. Want to Upgrade?

To: Captain Jack who wrote (31247)	5/25/1999 3:58:00 PM
From: George Elliott	Respond to of 45548

Deutsche Telekom: FRANKFURT, May 25 (Reuters) - Deutsche Telekom AG may be down, but it's not out. After the collapse of its merger with Telecom Italia SpA, the company must scramble to patch up a tattered international strategy at a time when withering competition is pinching growth in its home market. But investment strategists say Europe's largest telecoms group still has the financial might to pull off strategic acquisitions or other deals to turn its fortunes around. ''Deutsche Telekom is a company with enormous resources and there's no reason to count it out of the merger dance,'' said Roger Monson at Rabobank in London. Even before Olivetti SpA's hostile bid for Telecom Italia quashed the merger, Deutsche Telekom Chief Executive Ron Sommer said he was looking for acquisitions, with an eye toward the critical U.S. and British markets. The company will soon have cash for a shopping spree, with a June capital increase due to bring in up to 20 billion marks. But it will have to work fast. Shareholders, due to meet on Thursday, are restless. The drive toward consolidation means plenty of its competitors are also ready to buy. ''We want to have 100 percent coverage of the European Union in mobile, and want to cover all of the major business with fixed-network services,'' Chief Financial Officer Joachim Kroeske said last month.