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Just got off the phone with Jeff Nestle-Patt, VP of Corp Communications. More or less what he said:

Pirelli announced the day after the cc that it would probably sell assets as part of its shifting corp strategy to focus on telecom. Pirelli has a 27% stake in Olivetti, and owns 55% of Italia Telecom, Italy's largest telecom. Said it was looking to sell truck tire business, energy cables business -- world's largest cables for all types, energy cables and telecom, building (Home Depot)

Not clear what they'll be selling, mention PR energy cables. Not a sky falling scenario at all.

That makes sense to me. Still a risk that a buyer might have different plans for the business, but presumably if Pirelli thinks its an asset that will bring $$$, that's good.

Wait and see?

I also realized after my last post that the company sends wire to Pirelli, but has it fabbed elsewhere, not with Pirelli. Sorry.

Fool on!
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