Summit Notebook

Exclusive outtakes from industry leaders

Your company makes money? The stock market don’t care.

May 20, 2008

akhavan.jpgIf you thought a company flush with cash was a pretty good thing, you couldn’t be more wrong, Hamid Akhavan, head of Deutsche Telekom’s wireless business T-Mobile, told the Reuters Global Technology, Media and Telecoms summit in Paris. “The stock markets, the financial markets overproportionally reward growth. Growth to them is the sexiest thing on earth. You can produce truck loads of cash, it’s unexciting. But you could produce a little bit of growth and it’s just the coolest thing. All you have to do is take a look at Google and look at the valuation of Google and then you see how much the stock markets love growth.”

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