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Technology Stocks : The New Qualcomm - a S&P500 company -- Ignore unavailable to you. Want to Upgrade?

To: slacker711 who wrote (3670)	11/26/1999 11:49:00 PM
From: quidditch	Respond to of 13582

ADR, GDR (American.../Global...)--mostly marketing buzz words by the various depositary banks and/or underwriters to differentiate their product. The terms only really have relevance against the geographic distribution intended by the houses, but it is usually a false relevance: ADRs can be traded worldwide on multiple national exchanges but imply a primary listing on a US exchange or NASD Market, while GDR implies an initial worldwide distribution intended to be traded on multiple national exchanges, including the local exchange. I'll try to get some poop on this on Monday. Thanks for the link, slacker. Regards, as always. Steve PS After going to the site, this He said MTNL's CDMA mobile phone service has been a great success and encouraged by the response, the company would increase the number of subscribers to 50,000 each in Delhi and Mumbai. The area under CDMA coverage would also be increased, he said. And, if MTNL is only now looking for one of the Big Five to do its conversion to US GAAP, there is little likelihood that it will be able to list by January. Conversion to US GAAP of an Indian, or any foreign, company's accounts takes months and months, on average.