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Technology Stocks : Qiao Xing Universal Tele Inc. -- Ignore unavailable to you. Want to Upgrade?

To: peter michaelson who wrote (44)	12/29/1999 10:30:00 AM
From: gladman	Read Replies (1) \| Respond to of 203

What a bullshit press release yesterday by XING. They make it seem like a decision will be reached by the end of the year but clearly Rueters states the WTO situation needs to be cleared first. >>Not only had no Chinese company yet been given permission, but applicants may have to wait until China wins final admission to the World Trade Organisation before any is awarded, the official said. ''There have been no approvals for CDMA and this will have to wait until the WTO issue is resolved,'' he said. In November China reached an agreement with the United States on its terms for WTO membership, but still has to finalise deals with the European Union and several other WTO members. It expects to win admission in the first half of next year. Even after becoming a member of the organisation which sets global trade rules, China would not be obliged to honour its deal with the United States unless the U.S. Congress extends permanent Normal Trading Rights to China<< What a bunch of hot air and pure bullshit.