|Deutsche Telekom financial trouble. Hmmm.||Sintesi|
Jul 17, 2002 9:35 AM
|I hadn't realized this but 42% of DT's shares are owned by the German govt. They are trading around $10 down from ~$100 two years ago and ~$20/sh seven years ago. The loss is creating a scandal in Germany. Gerhard Schroeder is afraid, very afraid.
Question: Since I only have narrow cycling interests, I'm curious how this could affect Jan, Erik and the boys?
You have a high profile team, millionaire athletes in semi-palpable decline (i.e. Zabel is aging, Jan is injured and involved w/ a drug,and drunk driving scandals)all promoting a company the German public sees as hemmoraging Euros by the umpteen millions. Is this an image the company can afford? Does anyone see this as possibly spelling the beginning of the end for the mighty pink and black attack?
Just thought I'd toss that out.
|re: Deutsche Telekom financial trouble. Hmmm.||eschelon|
Jul 17, 2002 9:50 AM
|I disagree. I've read in other sources that Telecom was "reconsidering" cycling as a form of "alternative/non-traditional marketing" strategy and perhaps looking to sponsor a football trade team instead.|
|re: Deutsche Telekom financial trouble. Hmmm.||PhatMatt|
Jul 17, 2002 9:55 AM
|This is just a blurb about the telecomm industry as a hole. It happens to mention a little aboutthem.
|re: Deutsche Telekom financial trouble. Hmmm.||PMC|
Jul 17, 2002 11:45 AM
|Here is another good article on Telekom's major financial problems from the WSJ
With the current trend of big dollar sponsors pulling out of the European peloton, Telekom leaving when their current contract expires wouldn't surprise me.