Forum Archive Index - March 2000

[richard hermans <r.m.hermans@xtra.co.nz>]

Very interesting reading Hugh;May I ask who the other 2 comparritve
companys were in your exercise?? good enough for me to sell up some
speckys and have a blue chip punt !!! regards Margie
hugh webber wrote:
> 
> I'm constantly amazed by the lack of discussion here on
> Telecom which usually makes up about half the daily trade on
> the NZSE. Continuing dead silence even though its got lots
> of different pots on the boil and must be a perfect target for
> day traders.
> I was looking at the E and Internet supplement in the Aust Fin Review
> today (and I must congratulate the Chch Library on having it in
> newspaper reading room just one day after being published in Australia -
> I doubt the electronic version ran the supplement) and it had 3 articles
> on AAPT which of course Telecom bought 80% of for $5.10 and now goes
> for $6.80. It compared AAPT with two other competing outfits and found
> AAPT was aiming at a market of 11 million with its CDMA technology
> versions and that although its rollout was not until Sept 2000 up to 6
> months after the other two outfits its target of 11 million was much bigger
> than the oppositions 3 to 4 million in just the main urban areas.
> There was a hint that AAPT would be doing a joint float with Telecom
> of this business and you may recall that when TCM bought AAPT
> one of the doubts aired was AAPT's big demand for cash to cover this.
> The perfect cover I'd say, but when? The teletext commentary today
> mentioned speculation that TCM
> would float something as a reason for its rise today. There has also been
> comment
> that what's afoot with AAPT will put Telecom out in front of everyone in
> terms
> of trans-tasman b2b etc (forget the tolls stuff its now commodified and
> something
> you just go thru the motions on) and that the Saturn-Telstra launch was a
> desperate
> and rather clumsy attempt by Telstra to deter Telecom from its AAPT plans.
> (see
> last weekends SST for the discussion of that point).
> As well as that there's projected floats of Xtra and the Southern Cross
> cables business
> which latter just happens to be a perfect illustration of a Buffett
> consumer monopoly.
> (who else would spend heaps and heaps to lay cables to Australia and the
> USA while
> the new Southern Cross was substantially underutlised but yet used by
> everyone?).
> 
> cheers,
> Hugh
> 
> 
> 
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