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Technology Stocks : SKM, S.K. Telecom, nyse, depressed buy, w/close stop

SKM 20.21

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Oct 31 9:30 AM EST

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To: Joseph H. Leiti who wrote (103)	7/6/1998 3:08:00 PM
From: blankmind	of 122

Government Announces Korea Telecom Privatization ****Government Announces Korea Telecom Privatization 07/03/98 SEOUL, SOUTH KOREA, 1998 JUL 3 (NB) -- By Martyn Williams, Newsbytes. The South Korean Government has taken the wraps off plans to privatize eleven state-owned companies, including Korea Telecom. The company, Korea's dominant telecommunications carrier, will be among a group of six companies to be privatized gradually, while the remaining five companies face immediate privatization. The government currently holds a 71.2 percent stake in the company and recently announced plans to increase the maximum foreign share ownership, which is now 20 percent, to 33 percent in 1999. Reported By Newsbytes News Network: newsbytes.com 03:23 CST Reposted 08:23 CST (19980703/WIRES ASIA, TELECOM, GOVT/)

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