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

To: pat mudge who wrote (13467)	9/28/1999 11:22:00 PM
From: Ian@SI	Read Replies (1) \| Respond to of 18016

sat in on a discussion with a top NN manager Name dropper. ;-) Hope that guy has got his best Marketing and Sales personnel on the first plane to China if they're not already there. ++++++++++++ China Telecom Raising US$2.5B To Buy Networks - Report HONG KONG -- China Telecom (HK) Ltd.(H.CHL) is in the final stages of a fund-raising deal that includes a US$500 million bond issue, and a US$2 billion share placement, a local newspaper reported Wednesday. South China Morning Post said China Telecom will issue US$500 million in bonds with a maturity of 10 years. The bonds will be priced to yield about 2.2% higher than U.S. Treasurys with a similar maturity, the English-language paper quoted sources saying. Merrill Lynch (Asia Pacific) Ltd. and Chase Manhattan Asia Ltd. are arranging the deal, and two more banks may join in, the paper quoted unnamed bankers saying. The global issue will likely take place next month, and the company is expected to begin a two-week international roadshow to spur interest, the Post said. The share placement will raise US$2 billion, and will be managed by Goldman Sachs (Asia) Ltd. and China International Capital Corp. China Telecom plans to use the proceeds from the bond issue and share placement to acquire three mobile-telephone networks in the mainland China provinces of Henan, Hainan, and Fujian. ++++++++++++++ And they probably have to stop in Hong Kong anyway... Isn't MCI already a pretty good NN customer? +++++++++++++++ MCI Worldcom Plans HK Long-Distance Telephone Svc-Report HONG KONG -- U.S.-based MCI WorldCom Inc. (WCOM) said it will apply for an external facilities license from the Hong Kong government to provide long-distance telephone services in Hong Kong, reported a local newspaper Wednesday. If the application is successful, MCI will be the only other long-distance telephone company in Hong Kong other than Cable & Wireless HKT (HKT) to have the capability to connect to Hong Kong through its own submarine fiber optic cable, South China Morning Post said. Cable & Wireless HKT is the only company licensed to operate long-distance telephone facilities in Hong Kong. This means that all other companies providing long-distance telephone services in Hong Kong have to go through C&W HKT's gateway and facilities. MCI will pose the biggest challenge to the dominant position of Cable & Wireless HKT in providing long-distance telephone service in Hong Kong if the application is approved, said the English-language paper. The Post also quoted MCI's president of Asia-Pacific as saying that MCI plans "(to) underwrite or be an equity partner in a cable system that will land in Hong Kong," and that the company "will also supply the cable landing facilities for it." New T&T Telephone Ltd., the telecommunications unit of Wharf Holdings Ltd. (H.WHF), announced earlier this week that it is looking for partners to build a submarine cable to link Hong Kong to Japan. This follows the Wharf unit's announcement it has joined a consortium to build a HK$8-billion submarine fiber optic cable linking Japan to the U.S. MCI is also a partner in the consortium. However, the post also reported MCI as saying that it doesn't plan to apply for the wireless fixed-telephone network license being offered by the government. City Telecom (HK) Ltd.(H.CTI) is one of the companies applying for the license. ++++++++++++ $138B annually about 2 1/4 years from now. Hope it's all ATM and that NN's market share is well over 35%. :-) ++++++++++++++ Cisco Sees Telecom-Network Mkt Hitting $138B By 2002 By MARK BOSLET SAN FRANCISCO -- Cisco Systems Inc.'s (CSCO) two-year-old push into telecommunications has increased its opportunity in that market considerably, said Kevin DeNuccio, vice president of service provider operations. The company estimates that in 2002 the market for data and voice networking equipment will be $138 billion, offering the company a sales opportunity more than four times greater than if Cisco sold only data networking equipment. Speaking at a Bank of America Securities investment conference, DeNuccio said the company's announcement Monday of a new product architecture would give its equipment broader capabilities. By enabling networking gear such as routers to process data stored deeper inside a network's communications software - in this case layer 7 - the gear can learn what applications are running and what users are doing, DeNuccio said. That is valuable data for network administrators and for companies that run large applications hosting centers for corporations, he said. Cisco is not the only networking company seeking to have its equipment read data at layer 7. -Mark Boslet

To: pat mudge who wrote (13467)	9/29/1999 1:06:00 PM
From: larry pollock	Read Replies (1) \| Respond to of 18016

Why did Lutz want the "bar kept low?" What do the analysts get in return? Shareholders have been waiting too long for upside surprises.

To: pat mudge who wrote (13467)	9/29/1999 3:48:00 PM
From: gbh	Read Replies (2) \| Respond to of 18016

Pat, did you think the selling the last few days has just been end of the quarter window dressing? Volume has not been high which is about the only positive aspect to this selling. Its tough to see right now what could lift this mule. If this quarter is on track, maybe we will see one of those positive pre-announcements in a few weeks. Gary