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Technology Stocks : The New Qualcomm - a S&P500 company

QCOM 166.81

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Nov 17 3:59 PM EST

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To: Ramsey Su who wrote (2018)	10/1/1999 2:32:00 PM
From: bananawind	Read Replies (1) of 13582

More Chinese good cop/bad cop routine - Part I China to Witness Rapid Expansion in Telecom Market October 1, 1999 (SHANGHAI) -- The household telephone penetration rate in China is expected to rise from 12 percent at present to 22 percent, and the fixed line users will increase from 100 million to around 180 million by 2003. Wu Jichuan, Minister of Information Industry, said that the main expansion areas of the household telephones will be the vast rural areas and the western region. He added that the mobile phone users will increase from 36 million now to 100 million by 2003. China will also actively promote the use of the Internet. In 2003, China is expected to witness about 20 million Internet users, up from 4 million today. To reach these goals, he said, the country will have a constitutional framework for introducing a competitive mechanism and opening the telecommunications market. Wu said China will also incorporate effective international management principles into the country's telecommunications industry, including the public offerings of telecommunications companies, in order to enter the global financial market. (Xinhua News Agency)

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