A Telecom King Broadens His Horizons

What do you do when one of your deals makes investors queasy? If you are an audacious poker player like Egypt’s Naguib Sawiris, you do another deal to refocus their minds. That looks to be at least part of Sawiris’s strategy in acquiring a 19.3% stake in Hong Kong-based Hutchison Telecommunications International (HTX ) for his Cairo-based Orascom Telecom Holding on Dec. 21 for $1.3 billion…

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Poker argot:

DOYLE BRUNSON - In Hold'em, 10-2 in the hole. So named because Doyle Brunson won two straight WSOPs (q.v.) in 1975 and 1976 with 10-2 on the last hand. (Suited (spades) in 1975, unsuited in 1976).
NO-LIMIT POKER - A game where there is no maximum bet; a player can wager any amount (perhaps above some minimum) up to whatever money is on the table in front of him.
LIVE BLIND - The last and largest blind bet may or may not be LIVE. If LIVE, the blind bettor has the option of "raising" his own blind in the event the bet is called around to him. This is normal, and is sometimes referred to as "blinds are live".
MARKED CARDS - Cards that have been (illegally) altered so that their value can be read from the back.
TOURNAMENT - A highly structured game involving potentially dozens of tables where all participants pay an entry fee and obtain a fixed number of chips. Once a tournament has started, additional players may not enter. As the game progresses players bust out and are eliminated until only one winner remains.
OFFSUIT - Not of the same suit. "I held A-Q offsuit" or "The flop was 10-6-2 offsuit". When speaking of 5 or more cards, not all/ of the same suit, i.e., no flush, as in "button had A-K-10-8-7 offsuit."

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