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Re: [sharechat] Re: Telecom AGM


From: "Philip Robinson" <robph639@student.otago.ac.nz>
Date: Thu, 12 Oct 2000 22:54:12 +1300


Oli,

Not much really they said that they couldn't say anything about the INL
stake when I asked them because it was commercially sensitive. I really
expected that but I thought I would try anyway.

The OJ was nice and Rod and Theresa came in for a bit of flack about the
options, well any one would want $5.30 options over TEL that last 6 years
really so that was no surprise.

They said the Southern Cross Cable would go live in the middle of next month
and that the CDMA network would be live in the first half of next year.

Nothing really exciting except for a whole lot of senior citizens jumping up
and down saying why did you cut the dividend, which was also to be expected
really.

It was my first AGM so it was sort of a special thing for me, I missed the
NGL one earlier in the year because I was out of town. They said that Spot
has just dies which was a bit sad, but he lives on in the ads you know.

On a share front they made me think about maybe topping up but then you can
sort of expect that from two hours of go Telecom we are the greatest think
that ever walked professional cinematic production.

Theresa also said that NZ is a better place to live and work because of the
services that we provide to the community, I would put quotations marks
around that but I am not 100% sure that that is the exact words but it was
pretty close to it, this was an interesting statement which I thought was
maybe pushing the "We love Telecom and everything to do with it" line but
she has to be congratulated for being so positive about the whole thing or
at least outwardly appearing so. And it was interesting to realise
afterwards that as Dr. Deane was nestled inside the Michael Fowler Centre
sheltered against the rain the proverbial was hitting the fan as far as
Fletcher Energy was concerned and the Michael Fowler Centre was also
sheltering him from angry FEG shareholders.


So an interesting exercise not much compared to the BIL AGM held in the same
venue as I hear from others, but anyway.

As the guy from BBC world Wall Street says "Whatever you do in the next 24
hours I hope it is profitable."

Phil


----- Original Message -----
From: <oli@vodafone.net.nz>
To: <sharechat@sharechat.co.nz>
Sent: Thursday, October 12, 2000 11:33 PM
Subject: [sharechat] Re: Telecom AGM


> Phillip - unfortunately I had to miss it - had a paper to write!  What
happened???
>
>
> Oli
>
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