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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT -- Ignore unavailable to you. Want to Upgrade?

To: djane who wrote (7535)	9/24/1999 2:51:00 AM
From: djane	Read Replies (1) \| Respond to of 29987

Beijing To Clear Up Foreign Net Ban Confusion (9/23/1999) China?s Ministry of Information Industry, the country?s IT and telecom regulatory agency, will release regulations by year?s end detailing the opening of the telecommunications industry and the rules governing foreign involvement in China?s Internet, the Sept. 22 Beijing Qingnian Bao (Beijing Youth Daily) reported. Wang Lijian, an official of the MII news department, told the newspaper that the regulations would make the sector "more open and more standardized." Last week, the head of MII, Wu Jichuan, caused a stir in domestic and global IT circles by saying that foreign investment is barred in China?s internet services sector, including internet service providers (ICPs) and internet content providers (ICPs). Two days later at a Sept. 16 press conference for the China launch of the U.S.-invested web site, Focus.com, the deputy director of MII?s Information Products Division, Zhao Xiaofan, tried to clarify Wu?s seemingly out-of-the-blue remarks, according to Beijing Youth Daily. "The opening of the Internet sector to the outside world is the direction, but there is a matter of timing," Zhao said. "It is impossible for China to give away its interests to others before it makes sure that its own stakes are guaranteed." China?s IT officials are characteristically holding their cards close to their chests, but they appear to be supporting the role of foreign investors on the one hand, while holding onto the primacy of Chinese control over a burgeoning domestic industry on the other. At the press conference, Zhao cited India as a model, saying, "None of the information products are open to foreigners." "The growth in the telecom industry over the past few years has been appropriate," Zhao added, "and the Chinese government will surely work out proper policies to guide China?s ICP/ISP sector." The comments by the MII officials also are in response to Chinese domestic Internet firms, many of which have already received foreign financing, and who are calling on MII to clarify Wu?s comments. At the end of last week, Zhang Zhaoyang, president of Sohu.com, said he believed the ministry "just wants to tighten up the control over ICPs," while Wang Zhidong, president of Sina.com, said he would contact the ministry for further clarification on the issue. Some critics of the foreign investment ban are more direct. The South China Morning Post in a Sept. 23 article said that articles such as the Beijing Youth Daily piece, which went on to laud the benefits of foreign investment in the internet in China, coupled with a series of similar articles in the Chinese press, can be seen as an attempt to imply that the minister is simply "out of touch with reality." ChinaOnline is an independent source of business information and is not funded by any government ¸ ChinaOnline 1999

To: djane who wrote (7535)	9/24/1999 4:44:00 PM
From: Serendipity	Read Replies (1) \| Respond to of 29987

It is not the number of phones...it is the number of minutes. With all the discussion on the number of phones that Globalstar hopes to sell, why are they not commenting on the amount of satellite usage that they expect each phone to generate. For the most part, if the subscribers are within cellular coverage, Globalstar will get a big, fat, sweet donut in it's bank account....because it is the cellular carrier that will make all the money.