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any british telecom holders here{whats the future}. (BTA)     

daves dazzlers - 16 May 2004 11:14

with results out this week,what are you wishing for.

STORMCALLER - 17 May 2004 01:50 - 2 of 2

dd,
I am afraid the wish list is a big one, such that the results are almost irrelevant.
1. OFCOM to get less of the rumoured kick-backs from the huge subsidies it has allocated to countless American telcos, and that the subsidies will be reduced to a more reasonalbe 1 billion per annum.
2. OFCOM to admit that of all it's recent, and increasinlgy bizarre, proposals, the investigation into the company break-up is the most ridiculous.
3. The current board has admitted it is a halloween nightmare, you can now wake up to find they have been replaced by people who understand the industry.
4. The new board of directors has agreed an all-paper bid for mmo2.
5. The new board of directors has agreed a cash deal with KPN for mm02 germany.
6. The new board of directors has stated that a share buy-back is lunacy confined to a halloween nightmare, and they are now going to reduce debt.
7. The new board of directors has agreed that the failed experiment of importing talentless overpaid foreigners to senior management roles will be reversed.
8. The new board of directors has agreed to begin briefing, rather than lying to, it's staff.
9. The new board of directors has agreed that overpaid directors will no longer be able to draw "moving epenses" in six figure sums just for accepting the job, ie, director salaries to be more transparent to shareholders.
10. The new board of directors has agreed that when staff are told salaries must be cut again, they will get the same.
11. The new board of directors has agreed that the current overspend on management structure will be addressed, they currently have a ratio of 1 manager to 3 staff, 1:5 would be appropriate at the moment.
12. The new board of directors to admit that it has no commitment to it's customers and swingeing staff-cuts are the only way the company can survive financially, I am told that is what staff briefings say.
13. The new board of directors has agreed that director bonuses will be tied to realistic profit/share-price criteria.
14. The new board of directors has agreed that the re-grade of all technical staff as clerical was a gross error, and demeaning to both groups.
15. The new board of directors has agreed that discontinuing major-customer support teams was a major-mistake.
16. The new board of directors has agreed that the provision of moslem prayer rooms and the banning of the St George flag are examples of discrimmination.
17. The new board of directors has agreed that management bonuses will be geared to service targets not just budget cuts achieved
18. The new board of directors has agreed that the four year under-spend on core infrasructure, the lifeblood of the company, will end.
19. The new board of directors has agreed to provide evidence that the current chairman exists.
20. The new board of directors has agreed THEY will run the company, and not just adopt random ideas posted in the press.

Well, that should do for the next year, then we can get serious.
(As stated in previous posts I am a shareholder)
Regards
SC

ps Re your original question, if OFCOM decides on a break-up, the company won't survive, so the results really are irrelevant, OFCOM is the only game in town.
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