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Technology Stocks : Newbridge Networks -- Ignore unavailable to you. Want to Upgrade?

To: Ian@SI who wrote (11926)	6/20/1999 2:09:00 AM
From: pat mudge	Read Replies (1) \| Respond to of 18016

The compliment was real. No sarcasm intended. And, now, since my mother goes to bed with the chickens, I'll add a few news stories to keep from going stir-crazy. First, where there's fiber there's. . . <<< June 17, 1999 Dow Jones Newswires Australia's Telstra Plans Fiber Optic Network In Asia SYDNEY -- Australia's largest telecommunication company Telstra Corp. (TLS) confirmed Thursday that it has signed a memorandum of understanding with nine international companies to extend the existing submarine Asia Pacific Cable Network. Those companies include China Telecom (CHL), Chunghwa Telecom of Taiwan, Cable & Wireless Hong Kong (HKT), Japan Telecom (J.JTC or 9434), Korea Telecom (Q.KRT), KDD Corp. of Japan (J.KDD or 9431), NTT Worldwide Networks of Japan, Singapore Telecommunications (P.SGT) and Telekom Malaysia (P.TEL). The announcement follows the signing of the agreement in Kunming, China on Wednesday, Telstra said in a statement. "The planned new cable would be a follow-on to the Asia Pacific Cable Network (APCN) cable, which has been in service for two and a half years, to help meet the burgeoning requirement for international bandwidth in the region," Telstra said. Under the agreement, the extension to the cable will connect Japan, South Korea, China, Taiwan, Hong Kong, Malaysia and Singapore. The extension will provide a "multi-fold increase in telecommunications cable capacity in the region," the Australian company said. "We're currently considering or engaged in a series of projects with significance for our future as a major regional and global player," it added. Shares in Telstra closed up 14 cents at A$8, in a market that finished 1.3% higher at 2980.3 points. >>>>> A plug for the sector: <<< June 18, 1999 Dow Jones Newswires Fund Manager:Deregulation, Wireless Drive Telecom Growth NEW YORK -- Deregulation, the explosion of data traffic and wireless services have been the principal drivers behind growth among telecommunications stocks, said Invesco Worldwide Communications Fund portfolio manager Brian Hayward. Low penetration of telephone service in emerging markets also poses an opportunity for future growth as more communications and equipment providers go abroad to build a new telecom infrastructure, Hayward said during a CNBC interview Friday. Government regulators in developing nations recognize that a communications infrastructure is as "basic as roads and water" when trying to compete in a global marketplace, he said. Components of the $890 million fund, which has grown 45% year-to-date, include America Online Inc. (AOL), EchoStar Communications Corp. (DISH), Lucent Technologies Inc. (LU), Ascend Communications Inc. (ASND) and Cisco Systems Inc. (CSCO). >>>>>>>