Forum Archive Index - March 2002

["nick" <helmett@xtra.co.nz>]

   This may be the reason,  following from j.b.were
The NZSE 40 Capital Index closed the day 25.22 points lower in afternoon
trade driven lower by Telecom. The Australian Financial Review Street Talk
column noted that Telecom's 21.5% holder Verizon may sell down it's stake
under a convertable note structure in 2 installments. This seems to be what
has driven the Telecom price lower with Telecom closing down 22 cents at
$4.83.
 Nick


> Could someone please explain the reason for TEL 5% drop today!
> Shauno
>
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