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Technology Stocks : Lucent Technologies (LU)

LU 2.415

+1.9%

Nov 21 9:30 AM EST

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To: MMW who wrote (10622)	10/25/1999 3:00:00 AM
From: Dee Jay	Read Replies (1) of 21876

"China Unleashes Major Telecom Competitor (From Reuters via N Y Times): BEIJING (Reuters) - China will unveil its third major telecommunications carrier Thursday, a move analysts say will heat up competition in the booming sector and catapult Internet speeds to levels ahead of much of the world. China Netcom Corp (CNC) is building a 20-gigabyte Internet backbone which will reach 15 Chinese cities by the end of next July, company chief executive Edward Tian said. ``It'll be one of the highest-speed backbones in the world,' Tian told Reuters." see the rest at: nytimes.com Note that the entrepreneur is American-educated as are potential colleagues though of Chinese extraction. They're going to run it like a Silicon Valley company! Dee Jay

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