Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Lucent Technologies (LU) -- Ignore unavailable to you. Want to Upgrade?

To: Techplayer who wrote (9532)	9/15/1999 3:44:00 AM
From: elmatador	Respond to of 21876

China Cuts Telecom Investment 20% as Revenue Falls With Tariffs By Peter Harmsen at Bloomberg News 14 September 1999 China plans to cut its investment in telecommunications networks and equipment by a fifth this year to 120 billion yuan ($14.5 billion), saying tariff reductions are eroding revenue. China invested about 150 billion yuan in telecom businesses last year. The reduction comes as revenue from new subscribers dropped by as much as 8 billion yuan since March, when tariffs were cut, said Wu Jichuan, the Minister of Information Industry. About half of the 120 billion yuan to be invested in telecoms this year is expected to be allocated to mobile phone networks and equipment, reflecting rapid growth in that industry. China now has 36.2 million mobile phone subscribers, up from 25 million at the end of last year, Wu said. China Telecom, which plans to turn its mobile unit into a separate company, accounts for 32.9 million subscribers, while China Unicom has 3.3 million, Wu said. The ministry's plans mean investment in telecom networks and equipment will have to be accelerated through December. Through August, investment totaled 55.3 billion yuan. Another 64.7 billion yuan must be invested during the last four months of the year to meet the target. Copyright 1999, Bloomberg L.P. All Rights Reserved.

To: Techplayer who wrote (9532)	9/15/1999 11:57:00 AM
From: Mighty Mizzou	Read Replies (1) \| Respond to of 21876

Cisco unveiled new elements of an integrated architecture and urged businesses to begin implementing converged networks at once. On the one hand, McGinn is saying dont rush out and take a chance on putting your business on an unreliable and unproven backbone. And on the other hand, Chambers is saying please rush out and buy our equipment and take a chance. If I was the CEO of Procter & Gamble, I know which guy I would feel alot more comfortable with!

To: Techplayer who wrote (9532)	9/15/1999 12:07:00 PM
From: Diamond Jim	Read Replies (1) \| Respond to of 21876

Lucent CEO Says Expect Free Internet Stock Trades By Tony Heffernan, Reuters, 09/14/99 ATLANTA (Reuters) - The chief executive of Lucent Technologies Inc. predicted Tuesday that free stock trades on the Internet will be announced within a year. ''There is no doubt in my mind that within the next 12 months someone of substantial repute will announce they're going to provide trades free online, with the value of you coming to their (Web) site for other services,'' Rich McGinn, chief executive of the New Jersey-based telecommunications equipment supplier, said. McGinn, who spoke at NetWorld+Interop 99, a trade show for companies that provide products designed to enhance telecommunications networks, said that raises questions about what happens in the future to traditional stock traders and brokers. McGinn did not identify who would be offering the free trades and he did not show for a press conference scheduled for immediately after his address. In his speech McGinn said that the rapid upgrading of telecommunications equipment at some point will affect many retailers. He said that consumers will be able to shop for goods on the Internet and download them into their homes. ''The communications revolution is causing a shift in the value (of goods and services) that requires a creative response from you,'' he added. McGinn said that in the past 12 months electronic commerce has generated $40 billion in sales, and he noted that ''some forecasts predict that revenues can rise to $1.3 trillion over the next five years.'' He added that online advertising has reached $3 billion annually and is ''expected to grow over the next five years to $22 billion.'' McGinn said that the convergence toward transmission of voice, data and video on a single system continues. ''We're headed toward the convergence of every network,'' McGinn said. This will lead to ''a network of networks and that is something that is moving at increasing speed.'' Before that happens, however, he conceded that communications equipment must provide higher reliability, better quality of service and the ability of customers to be able to connect to the network almost immediately. ''The major business challenge facing network providers and suppliers is to build networks that provide levels of quality and reliability that meet or exceed those of the voice networks of today,'' McGinn said. © Copyright 1999 Boston Globe Electronic Publishing, Inc.