The Economist, which I have been reading since school days has a feature this week on Vodafone following its results presentation. It has me asking just how dumb are the analysts in investment houses. It looks at the performance of Vodafone against O2 in terms of performance against the FTSE Index. Whilst O2 has done better than Vodafone in terms of shareprice the difference is that O2 has been managed to attract a buyer whilst Vodafone has been managed to have a future.
The thing that gets me most angry is that Mobile Telephone is about VOICE and so saying that Vodafone is too dependent on voice and needs to focus on Convergent products. I guess these guys need to talk to a few of the CTO's I know who will explain the economics of running two networks. What was planned for 3G at the time of the bidding war was that the new faster networks would allow operators to provide a better voice service with speach engines driving services.