Czech blue chips reported their 2002 results last week

CEZ reported unconsolidated 2002 CAS results on Friday, which we saw as largely positive. Komercni banka reported unconsolidated 2002 IAS results on Friday, which were in line with our estimates.
And Ceske radiokomunikace released its unconsolidated 2002 CAS results also on Friday, which while were worse than expected, have little relevance for the market.

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