Forum Archive Index - December 2002

[Marilyn Munroe <who.c@res.co.nz>]

"HONG KONG, Dec 9 (Reuters) - Hong Kong stocks closed lower on Monday, 
rattled by fears of a U.S.-led war against Iraq, as investors sold down blue 
chips including fixed-line phone firm PCCW Ltd, which tumbled more than 10 
percent."

Looks like Telstra is headed for a period of share price volatility as its 
partner in some vague expensive Asian venture gets a toweling from 
Honkers investors.

This uncertainty and confusion begs the question as to whether Telstra (PCCW) 
or Telcom (AAPT) would have been better off spending the wheelbarrow loads of 
cash at home on improving their domestic networks.

Recent experience suggests that other players are having a difficult time 
making profits against incumbent telecos.

If the wheelbarrows of cash had been spent on upgrading domestic networks 
their position as incumbents would have become more entrenched.

Or have my thought processes been effected by line noise and voltage drops?

Boop-boop-de-do Marilyn

Disclosure: Hold TLS

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