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 SALES ESTIMATION

 

 DEAL WITH GERMAN ARMY

 

           

  MERGER NEWS

 

 

 

 

 

 

 

 

 

 

                                    SALES ESTIMATION

                                      

                                                                            For 2002 the sales of Intracom are expected to be 1.1bn Euro while the profits are estimated at 170m Euro. The group had at the end of 2001 deals worth 1.4bn for the following two years. The management is considering the position of the company very strong because of the following:

1.     Intracom is considered the bigger company in its field for the SouthEast Europe with high specialization.

2.     It is investing high amounts on R&D. For 2002 this is expected to be about 100m Euro. Furthermor it has established strong relationships with Carnegie Mellon University in USA.

3.     It has an extensive international clientele.

4.     It has low operational costs, strong financial position and experienced management.   

      

                                    Deal with German Army. 

                                                                 

                                                                             The company is close to a deal with German army for the provision of WISPR. This is a modern system of digital communication and data transimision including image transmission. The talks started after an invitation for a demonstration of the system of the Commision of Communications and Electronics of the German army.

 

                                   Merger News

 

                                                                                                 At the end of March, Sokrates Kokales the Presindent of Intracom proposed a merger deal with  the Hellenic Telecomunications Organisation.  The deal was rejected by the Government mainly for political reasons. This was for clearing the roumours for the government to be heavily influenced by the specific businessman. After that at the beginning of April the president of the two companies anouncent that they will be merged. The merger proccess will be complete untill the end of this summer and the new company will be under the brandname of Intracom but with mixed management.