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Hey guys,

I know Realty is #1 heading into 2011, but Analytics could generate decent cash soon (whether it works or not) and if it works it's a 1,000X.

I'll talk with Chris about it in the AM and see what's up.

But let's get this dog on the prowl so she can hunt!

Sent from my Verizon Wireless BlackBerry

-----Original Message-----
From: ncallahan@rosemontseneca.com
Date: Mon, 29 Nov 2010 03:42:35
To: Curtis Hastings<curt@ips.edu>; Andrews Michael<mandrews@ips.edu>
Reply-To: ncallahan@rosemontseneca.com
Cc: Devon Archer<darcher@rosemontseneca.com>
Subject: Re: Broadband victory puts Gillard on course for a full term _ Australian

Thanks Curt. Happy Thanksgiving to all.

I agree, let's go with your suggestion.

I'd love to see TLS in tandem with their core suppliers and how they move with the elite debate. As well as other countries considering the same broadband policy and their core supply chain how those curves look / behave. Esp India and Brazil.

I cannot wait to plunge in head first on all this. The European Debt crisis is unfolded right in front of us, a "100 year flood" opportunity.

Muni-Pension could be the 1,000 year flood starting next year.

Let's keep our 2pm Thursday call for a catch up chat.

Best,

Neil

Sent from my Verizon Wireless BlackBerry

-----Original Message-----
From: Curt Hastings <curt@ips.edu>
Date: Sun, 28 Nov 2010 21:44:14
To: Michael Andrews<mandrews@ips.edu>
Cc: Devon Archer<darcher@rosemontseneca.com>; Neil Callahan<ncallahan@rosemontseneca.com>
Subject: Re: Broadband victory puts Gillard on course for a full term _ Australian

All,
Looking at TLS.AX (http://au.finance.yahoo.com/q/bc?s=TLS.AX&t=3m), markets began to price in on Tuesday (23 Nov). It will be interesting to see where the chatter about TLS picks up in the Aus elite data. If it precedes the uptick in the price it could have been a nice little option trade (price history for Australian options is freely available eg http://www.tradingroom.com.au/apps/qt/quote.ac?code=TLSZA7).

Also, TLS.AX is only back to 2.83 (52-wk range 2.55-3.55). Could be either discounting the chances of a deal, value of the deal, or expectation of a haircut in the deal price. I was going to draft the Aus whitepaper this week, but instead I think I'm going to rerun the data and try to draft the whitepaper around this event and what it means for the other big issues under debate now that Gillard has gotten a big win.


Curt


On Nov 27, 2010, at 11:43 AM, Michael Andrews wrote:

Broadband victory puts Gillard on course for a full term
<label_icon.gif> AUSTRALIA
Reuters in Canberra
Nov 27, 2010
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Australian Prime Minister Julia Gillard wrapped up a turbulent political year on a high yesterday, winning parliament's backing for the key pledge of a national broadband network, increasing her chances of serving a full term in office.
Gillard's Labor Party won a second term in August only with support from three independents and a Green lawmaker.


It led to concern her government might be unstable and would fail to survive a three-year term.

But the government had a major victory when the Senate yesterday passed crucial communications laws, which underpin the costly election promise to build a high-speed internet network.

Political analyst Rob Chalmers, editor of theInside Canberra news-letter, said: "Julia Gillard has emerged as a prime minister who matters.

"Her deal on the national broadband network marks Gillard as an achiever of substance."

The political victories should also boost business confidence in the government.

Investors were wary of the lingering political uncertainty.

The broadband laws were passed after Gillard used her negotiating skills to woo Senate support from the Greens and two independents at the end of a volatile six months.

Gillard toppled former prime minister Kevin Rudd to seize power in a party coup in late June.

She then took the country to early elections, where Labor lost its majority, but she negotiated a deal with independents to hold power.

In between, Gillard soothed mining industry anger over a new mining profits tax and negotiated a compromise 30 per cent tax with global miners BHP Billiton, Rio Tinto and Xstrata.

Political analyst Nick Economou said Gillard had emerged as a deal-making prime minister, although her government's long-term stability remained uncertain.

He said: "Her strengths are in negotiation and dialogue, and that came through for her at the end of the year."

He added that a defeat on the broadband laws would have severely undermined the government's ability to control parliament.

But Economou said it was unclear if Gillard would survive a full term, despite strong support from the independents, as Labor faction leaders were still nervous about policy direction and opinion polls.

"The same dynamics surrounding Rudd's demise are still there within the Labor Party," he said.