Forum Archive Index - March 2000

["Mark Hubbard" <mhubbard@es.co.nz>]

From: hugh webber <hugh.webber@clear.net.nz>

> Well, 46 sharechat emails and nary a one on Telecom even though
> it was up 45 cents today and is by far the largest share and turnover
> nearly everyday.
> I note a report in a paper 2 or 3 days ago that Theresa Gattung said in
> the USA that Telecom was about to float off one of its tech businesses.
> Anyone got the quote in full?
> Then AAPT is going great guns in Oz, about to become the 4th largest
> ISP there via America Online.
> AAPT , $A10.06 today (has been up to $A10.49 today) vs the $A5.10
> Telecom paid.
> What does it take to get noticed....what does it take for NZ's biggest
> tech to get recognised as a tech with a huge future and with actual
> revenues
> and profits right now. I dunno, sometimes I despair....


I basically agree Hugh, however, I still see more long term growth for
Telstra. Its buying up a lot of tech businesses at the moment, even while
constrained by the fact that currently it can only do this via debt. Once
the six month enquiry is over, which hopefully will lead to the sell down of
the rest of the Australian govt's holding, I would not be surprised to see
this share (based on earnings even up until the 1999 year) hit A$11.00 to
A$12.00.

The major thing Telecom has really got going for it, re growth potential,
is AAPT.

Just an opinion.

(Will be purchasing Telstra shares soon).


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