I'm not currently, basically because the poo is still hitting the fan rather comprehensively and the detail is too unpredictable.
It isnt even possible to predict if the yanks will get the bums rush.
Thats hard to say too, hard to quantify the real costs of the terminal stupidity of breaking it into wholesale and retail and how much the current poo fight will distract the middle level monkeys from doing what they should be doing, stuff like adsl2+ to minimise the damage their compebreastors can do to their wholesale adsl business, one area where they have done quite well lately, unlike with their basic landline service which must see a continuing drop in revenue as more and more decide that they dont need it anymore with adsl eliminating the need for second lines and voip tending to minimise the revenue on the remaining line etc.
Telstra is still probably rather over valued. On the other hand they are the only telco making real profits in this country. I never bothered with the T2 float, looked like its share price only had downsides then, and that was nothing to do with stupiditys that Ziggy perpetrated, just inevitable with it being the ex monopoly telco.
