CALDEIRÃO DE BOLSA

Management Board of the Deutsche Telekom AG resolves share buyback and cancellation

On August 10, 2006, the Management Board of Deutsche Telekom AG, Bonn, ISIN DE0005557508, resolved to exercise the authorization granted by the General Shareholders Meeting on May 3, 2006 to repurchase own shares and to cancel the shares according to sec. 71 para. 1 No. 8 AktG. The Supervisory Board approved the cancellation.

In total, 62.730.182 shares of the company are to be repurchased; that corresponds with the number of shares, which were newly issued in the course of the merger of T-Online International AG with Deutsche Telekom AG, i.e. approximately 1.4 percent of the current share capital. The share buyback is carried out for the sole purpose of cancelling the acquired own shares with the consequence of reducing the share capital.

The shares will be repurchased through Xetra trading of Deutsche Börse AG (Frankfurt/Main stock exchange) only. In compliance with the resolution of the General Shareholders Meeting, the price per share will amount to 95-105 percent of the market price of the share determined by the opening auction of the respective trading day in Xetra trade of Deutsche Börse AG.

The buyback will be carried out lead-managed by a credit institution which makes its trading decisions in relation to the issuer's shares independently of, and without influence by, the issuer with regard to the timing of the purchases.

The buyback will be launched on the trading day on the trade opening of which the publication of the report on the first half of 2006 and the disclosure according to art. 4 para. 1 subpara. 1 of the Regulation (EU) Nr. 2273/2003 of the Commission dd. December 22, 2003 will have been effected. Thus, the buyback is expected to commence on August 14, 2006 and will end not later than September 30, 2006.

Prior to the start of trading, further details with respect to the share buyback programme will be specified in a separate announcement. The buyback will be carried out in compliance with sec. 14 para. 2, 20a para. 3 WpHG in connection with the Regulation (EU) No. 2273/2003 of the Commission dd. December 22, 2003.


http://www.telekom3.de/en-p/medi/2-pr/2 ... ck-ar.html

Falavam á pouco na CNBC que a queda de 10% era exagerada, os resultados não foram tão maus quanto isso e que o dividend yield poderia segurar no titulo.

Compras a 10,90 e 10,93.

Cumps

A Deutsche Telekom, a maior operadora de telecomunicações da Europa, anunciou que os seus lucros referentes ao segundo trimestre do ano caíram 14% e reviu em baixa as suas previsões anuais. As acções da operadora afundaram mais de 10%.

A operadora registou resultados líquidos de 1,01 mil milhões de euros, menos que os 1,17 mil milhões verificados em igual período do ano passado, ficando abaixo das estimativas dos analistas consultados pela agência Bloomberg que apontavam para lucros de 1,05 mil milhões de euros.

As receitas da Deutsche Telekom subiram 2,6% para os 15,1 mil milhões de euros, um valor que ficou, ainda assim, abaixo dos 15,2 mil milhões estimados pelos mesmos analistas.

A operadora alemã justifica a quebra dos lucros com a diminuição de clientes da rede fixa, uma tendência comum às restantes operadoras de telecomunicações europeias.

O presidente executivo da Deutsche Telekom, Kai-Uwe Ricke, juntou-se à France Télécom e à Swisscom ao anunciar uma revisão em baixa dos resultados operacionais para este ano e para 2007.

Além dos resultados operacionais, a operadora anunciou igualmente uma revisão em baixa das receitas para este ano, acrescentando que em 2007 o crescimento das vendas será «moderado».

Nestas alturas só se pode dizer: Boas Compras

Quem tiver acções da DT em carteira não venda, pois o panic sell é o que se vê...depois da tempestade vem a bonança!

Cumps

Uiii profit warning Hoje já cai 9% e mais quedas se seguirão! Se for igual à FTE, são 20%.

Deutsche Telekom's Second-Quarter Profit Falls; Forecast Cut

Aug. 10 (Bloomberg) -- Deutsche Telekom AG, Europe's largest telephone company, reported a 14 percent drop in second- quarter profit on losses of traditional phone customers. The company cut its earnings and sales forecasts for this year and 2007, citing intensifying competition.

Second-quarter net income fell to 1.01 billion euros ($1.3 billion) from 1.17 billion euros a year earlier, the Bonn-based company said in an e-mailed statement today. Sales rose 2.6 percent to 15.1 billion euros. Both missed analysts' forecasts. Deutsche Telekom cut its forecast for 2006 operating profit by as much as 7.2 percent.

Deutsche Telekom joins France Telecom SA and Swisscom AG in saying profit forecasts were too high as Europe's former phone monopolies struggle to stop customers from switching to cheaper phone and Internet providers. Chief Executive Officer Kai-Uwe Ricke slashed his forecasts for the combined fixed-line and broadband unit for a second time in three months.

``Doing a one-time revision of targets is at least sustainable and credible, and will help them regain confidence,'' said Per-Ola Hellgren, a Landesbank Rheinland- Pfalz analyst in Mainz, Germany, before the announcement. ``Deutsche Telekom would have to lay out a convincing case if it decided not to change its forecasts.''

Analysts predicted second-quarter net income of 1.05 billion euros, the median estimate of 12 analysts surveyed by Bloomberg News. They expected sales of 15.2 billion euros.

Forecasts

Operating profit, measured by adjusted earnings before interest, tax, depreciation and amortization, or Ebitda, will be 19.2 billion euros to 19.7 billion euros in 2006, down from a previous prediction of as much as 20.7 billion euros, Deutsche Telekom said. Ebitda next year will be similar to this year's, the company said.

Deutsche Telekom also cut its sales forecast for the year to 61.5 billion euros to 62.1 billion euros from a prior projection of as much as 62.7 billion euros. Sales growth next year will be ``moderate,'' the company said, compared with an earlier forecast of as much as 6.6 percent and up to 9.9 percent growth in adjusted Ebitda.

``This was initiated in response to the particularly intense current competitive environment in Germany,'' Deutsche Telekom said in the statement, following a meeting of its management board the day before results were scheduled to be released. ``It has become clear that pressure on prices in particular will intensify to a great extent than recently expected across all three strategic business areas.''

Mobile, Internet

Ricke, 44, has spent more on mobile and Internet services, including broadcasting Germany's top soccer league over the Web starting tomorrow, to arrest a three-year slide in traditional phone service. The company lost 500,000 phone lines in the second quarter, for a total of one million in the first half.

Deutsche Telekom's shares have fallen 14 percent this year, the fourth-worst performance among 24 stocks in the Bloomberg Europe Telecommunication Services Index. The stock was unchanged at 12.08 euros yesterday in Frankfurt.

Paris-based France Telecom said on July 27 it may miss its target for 2 percent sales growth excluding acquisitions this year. Swisscom, Switzerland's largest phone company, yesterday slashed its 2006 operating profit target by 7.5 percent.

Broadband Unit

Deutsche Telekom on May 11 already cut its 2006 sales forecast for the combined fixed-line and Web unit by as much as 3.9 percent. After today's cut, the division is expected to have sales of 24.6 billion euros to 25 billion euros this year, as much as 2.4 percent less than the revised forecast in May. Adjusted Ebitda will fall to as little as 8.8 billion euros, from the previous forecast of as much as 9.6 billion euros.

Before the reduction in forecasts today, Deutsche Telekom's guidance for 2007 adjusted earnings, before interest, tax, depreciation and amortization, announced in November last year, was as much as 5.8 percent more than the average estimate of 30 analysts surveyed by Thomson Financial.

As Internet access competition intensifies with United Internet AG and Telecom Italia SpA's Hansenet unit, Deutsche Telekom is investing as much as 3 billion euros in a fiber-optic network that can transmit live TV programs via high-speed Internet links. The company in June completed a takeover of the T-Online unit, almost a year behind plan.

Deutsche Telekom also formed a partnership with broadcaster Premiere AG to offer combined Internet, TV and phone products, and last week started marketing its merged fixed-line and mobile service, aimed at preventing cancellations from its traditional phone clients.

Cutting Debt

Ricke, who cut more than $27 billion in debt in his three years and nine months as CEO, is spending an extra 1.2 billion euros on marketing and products this year to defend the company's wireless and Internet leadership at home and increase market share in other European markets. T-Mobile completed a purchase of Austria's Tele.ring Telekom Service GmbH earlier this year.

T-Mobile USA, the fourth-largest U.S. cellular operator, is bidding for airwaves for faster wireless services in an auction that began yesterday. The unit is qualified to bid on more spectrum than Cingular Wireless LLC and Verizon Wireless after making the biggest initial payment by any single company.

To contact the reporter on this story:
Kenneth Wong in Berlin at kwong11@bloomberg.net.

Last Updated: August 9, 2006 20:19 EDT

Mitrolas,

Muito obrigado pela informação. Foi útil. A ver vamos se as bad news foram mesmo descontadas na cotação. Era bom, mas estou pessimista.

Obrigado.
Abraço

http://www.telekom3.de/en-p/inve/5-pu/1 ... se-ar.html

Expectations for the Group's net revenue in 2006 are being reduced from the previous range of between EUR 62.1 billion and EUR 62.7 billion to between EUR 61.5 billion and EUR 62.1 billion. Revenue is expected to continue to grow at a moderate rate in 2007.

The reduction in high-margin revenues in Germany will lead to a drop in expectations for adjusted EBITDA for the 2006 financial year to between EUR 19.2 billion and EUR 19.7 billion. Previous guidance was between EUR 20.2 billion and EUR 20.7 billion. Adjusted EBITDA for 2007 is expected to remain at approximately the 2006 level.


ATENÇÃO QUE ESTES RESULTADOS JÁ ESTÃO DESCONTADOS. É BEM POSSÍVEL UMA SUBIDA À SEMELHANÇA DO QUE ACONTECEU COM A INFINEON HOJE.
Resultados saem às 9h CET (8h de Portugal)

O João (Aforro) em conversa falou-me que a DT apresenta amanhã de manhã resultados.

Por acaso alguém sabe o que se espera? Maus resultados presumo?

Obrigado