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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting

QCOM 177.78

-2.2%

Jan 9 3:59 PM EST

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To: foundation who wrote (31686)	1/24/2003 8:49:59 PM
From: foundation	Read Replies (1) of 197157

SKT capex strategy questioned 24-January-2003 Analysts are expressing caution about the ability of South Korean operator SK Telecom's management, following an about-turn by the firm over its capex figure today. Just two days ago SKT announced that it would increase capex by 27% over 2002 to Won2.49 trillion (US$2.14 billion). Instead the firm's management has decided to keep the figure flat with 2002 and is said to be looking at other ways of spending the cash, with some due to be spent on a stock buy-back. telecoms.com

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