In Brief: Prokom crushes rumors; KGHM profits up; Police phone system

Agnieszka Dziedzic, the spokeswoman for leading IT company Prokom, has denied market rumors that the concern is in talks with a foreign investor. Analysts claim there is no chance that the current owners would want to sell their stakes now, when the shares are priced at 20% lower than just three months ago, when they stood at zł.220. (Parkiet, p. 3) ... Polish copper miner KGHM is likely to soon officially announce that it expects to increase its 2004 profit projection to over zł.1.2 billion thanks to higher than estimated copper and silver prices. At the end of Q1 the company posted a zł.460 million profit as opposed to zł.411 for the same period of 2003. (Parkiet, p. 4) ... The Interior Ministry has received an amended project for a mobile phone system for the police and rescue services. The value of the project, which is being implemented by Motorola and Lockheed Martin Corp., as part of the offset deal, is estimated at $700 million. (Rzeczpospolita, p. B3) A.K.