1.   Analysts expect a series of share offerings to plug losses at Olivetti and pay for its telecommunications investments.

2.   Computer maker Oliveti SpA has had to repeatedly ask its shareholders for more money to plug its losses and keep paying its debts.

3.   It wants the new money to help plug losses at its computer operation and to support a move into telecommunications.

4.   Olivetti is making the issue as part of an effort to plug losses in its loss-making personal computer division and to finance investment in telecommunications.

5.   There had been persistent market talk that Olivetti would sell new shares to plug its losses.

6.   There has been persistent market talk that Olivetti will sell new shares to plug its losses.

7.   The announcement is seen as part of government efforts to streamline management and plug huge losses in both airlines.