Buy UK company NorWeb, big time

Share Tip Sources close to UK NorWeb on Friday told us it has a way of beating BT on the ADSL front. The company, formerly an electricity provider, can use one of the pins on a three-way UK plug to deliver superior functionality than ADSL, our sources say. The full details of NorWeb's offering are unlikely to surface until Wednesday this week. Although initially more expensive than BT's and C&W's offerings, our take on this is it will be far cheaper in the long run. NorWeb may well IPO the spin off... But it will be in the UK. ®