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Technology Stocks : Nokia (NOK) -- Ignore unavailable to you. Want to Upgrade?

To: tero kuittinen who wrote (2171)	9/15/1999 10:47:00 AM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 34857

Bubba...Hey, I like that! Should I call you Lappy? (I don't even know how you're supposed to insult a Finn!) Well, I would have to draw up a list, but for starters, there's that little PC chop shop called DELL that weighs in at $121BB. Now, of all the small podunk US towns I could've chosen to compare with all of mighty Lapland (sorry, I don't know if Lapland refers just to Finland or the upper area of all the Nordic countries), Austin was a bit of a house bet, since it is (according to the same Wired magazine that wrote your NOK hagiography) second only to the Silicon Valley in being the most wired place on the planet (they gave SV a "10", and Austin a "9"; everything else was 7 or less). I don't think it'd be too hard to find another $85BB amongst all the hundreds of software, fiber-optic, semiconductor and other high-tech businesses that are centered in Austin. I don't think we'd need to bend the rules and go to VC startups to pull out the last few hundred mil! Koreans only come here for business and study (they make up the largest foreign student population and many US universities). Japanese, however, come to Hawaii and the mainland in droves as tourists. Did you know you can get around very well in Hawaii without knowing English? I understand it's a two-way street (Euros coming here too), but I think tourists are not going to provoke a widespread infra capitulation to GSM. Add another mode to the handset and charge em and extra 200 bucks!

To: tero kuittinen who wrote (2171)	9/15/1999 10:55:00 AM
From: Diamond Jim	Respond to of 34857

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.