Forum Archive Index - May 2002

["winner69 ." <wwinner69@hotmail.com>]

Snoopy - you talked about the dilution of your interest in Telecom with the 
share placement they made last year etc

Have you noticed that this has already shrunk your dividend by 6%. If they 
hadn't issued the 90 million shares last year the 5 cent dividend would have 
been 5.3 cents cents. You said "It would alienate too many investors if they 
cut them (dividends) further!". Wonder if they have noticed?

But then aren't we the 'experts' who are baffled by their performance.

Agree that these CDMA phones are probably the growth driver for the future.

Add to your survey that I have no need for such an expensive piece of 
equipment and call costs. I am possibly the type of customer that Telecom 
hate - prepaid on a phone they gave away a couple of years ago and $20 lasts 
a year. And worse still I am one of those horrible subscribers whose family 
seem to be eternally online occupying the local lines without paying a fair 
rate (?) but then Jetstream or whatever it is doesn't reach this street in 
suburban Wellington





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