Junk dealer: A person that buys and sells used goods

Devoto-Oli. . ‘Pirelli and Telecom shares shooting up. The Stock Exchange is betting on a new rearrangement’ (Repubblica 9/9/2006)
‘Tronchetti sends out the signal of a turnaround now even Tim can be sold’ (Repubblica 9/9/2006)
‘Behind the negotiations between Telecom and Murdoch, an industry strategy that is common to the major European Groups’ (Repubblica 9/9/2006)
‘The fever about the rearrangement is giving wings to Pirelli’ (Corriere della Sera 9/9/2006)

The turnaround, the betting, the rearrangement, the wings, the industry strategy, the fever. Enchanted words. Let’s have a go at translating them.

Telecom has debts of 41,300,000,000 euro. Hopa, Unicredit and Banca Intesa have come out of Olimpia. Tronchetti and motorway payment collectors Benetton are the only ones left. Tronchetti needs cash. Now that he has sold “to rearrange” Telespazio, Seat PG, Finsiel, Pirelli Cavi etc, etc. After the plummeting of the share value of Pirelli and of Telecom in the last 5 years. After having got people working in outside companies to give the “turnaround signal” to part of Telecom. After merging Tim and Telecom as an ‘industry strategy’ and getting Telecom into debt so as to get available cash from Tim. After having distributed profits to the shareholders instead of using them to reduce the debts or to make investments. After having uselessly tried to get Pirelli Tyre quoted on the Stock Exchange. Basically, after having tried everything, according to whispers, he could sell Tim, the landline telephone network, the last mile. Everything.
This man is extenuating. Through a series of Chinese Boxes.

MGMP>Mtp&cSapa>Gpi>Camfin>Pirelli&c>Olimpia controls Telecom, with a percentage like a telephone prefix. He has no money but he wants money. Telecom shares on Olimpia's books are double the value seen in the Stock Market quotation.

It doesn’t get devalued. No one knows why not. Telephony and the backbone are essential for the development of the country. The government can’t just stand and watch. What’s Prodi looking at? He closes his eyes and smiles beautifully. I invite Prodi (you too invite him with an email) to give a signal with a letter to this blog.

Ps: Very soon the ‘share action’ initiative for the Genoa-Style Takeover will be here on the blog.