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Non-Tech : Beijing YanHua Petrochemical (BYH) Taking Off
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To: Tony van Werkhooven who wrote (205)4/22/1999 9:13:00 AM
From: Jim Lou  Read Replies (1) of 257
 
IBM's comment on Asia confirms recovery:

Louis V. Gerstner, Jr., IBM chairman and chief executive officer, said: ''We started 1999 with a strong quarter. We saw a significant improvement in our business in Asia, and we also had double-digit revenue growth in Europe and the Americas. Our operating results were excellent, led by services and software -- which together produced 60 percent of our gross profits this quarter. Our Technology Group results were mixed, with growth in hard disk drives offset by continued weakness in memory chips. Our PC unit also had substantially improved results."

Last night's CCTV shows China's started laying 1000 mile long gas pipe line linking Xinjiang (Northwest) to Shanghai, project will finish in 2007.
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