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

To: Tony Wang who wrote (11110)	11/15/1999 2:23:00 AM
From: Bindusagar Reddy	Read Replies (2) \| Respond to of 21876

With the news of US/CHina WTO pact, you will not see LU pullback as one of the key points discussed was telecommunications. Smart money knows that this is a huge news for telecomm equip. providers. BR U----- 11/15 1:58A (RT)Taiwan hails US-China pact as aid to own WTO entry China's joining the World Trade Organisation. Economic Minister Wang Chih-kang said the long-awaited breakthrough, if confirmed, would improve Taiwan's own chances for coveted WTO entry, and expressed the hope that Beijing would do nothing to hinder the island's accession. MORE Rtr 01:58 11-15-99 Story 9599 ---- 11/15 1:58A (RT)Taiwan hails US-China pact as aid to own WTO entry Rtr 02:08 11-15-99 Story 9615 Beijing, which sees the island as an insubordinate province that must accept mainland rule, has said it was not opposed to Taiwan's WTO entry as a non-sovereign customs territory like Hong Kong -- but only once Beijing takes China's sovereign membership. Taipei has grudgingly acknowledged this condition, though Wang again said it "violated principles of justice and fairness" and was "against the spirit of the World Trade Organisation." Wang declined to say whether a U.S.-China deal would move up Taiwan's own timetable for accession. Trade officials recently had all but abandoned a target of entering in 1999, but insisted that accession within three to six months was likely. Taiwan's accession protocols are far more advanced than those of its communist rival, as the island has completed mandatory bilateral deals with all 26 WTO members that sought them -- including the United States, European Union and Japan. Analysts say a deal between Beijing and Washington would serve as a blueprint for bilateral accords between China and other WTO members that demand them. (US$1=T$31.75) "If they really have reached an agreement, we are pleased to see it," Wang said of the report by Beijing's semi-official China News Service, which was disputed by U.S. and Chinese officials who said marathon talks in Beijing were still under way. Wang said that if the reported accord results in China's WTO entry, ending a quest of more than a decade, Beijing would have no reason to bar accession by Taiwan, which has been estranged from the mainland since a 1949 civil war split. "We expect that the Chinese communists will significantly reduce their interference against our entry," Wang said. "If they continue to interfere in our accession, there definitely will be objections from other WTO members." MORE