Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: LBstocks who wrote (63128)	1/19/2000 8:13:00 PM
From: T L Comiskey	Respond to of 152472

Wednesday January 19, 7:49 pm Eastern Time Tokyo stocks rise, encouraged by Nasdaq at record TOKYO, Jan 20 (Reuters) - Tokyo stocks firmed in early Thursday trade, encouraged by a strong performance in the technology-rich Nasdaq Composite index (^IXIC - news) which closed at a record high overnight. Sentiment improved as high-technology shares, which led the Tokyo market's downturn in the past two days, were gaining ground, traders said. As of 0020 GMT, the Nikkei 225 average was up 102.42 points or 0.54 percent at 19,000.17. March Nikkei futures rose 100 points to 19,030. High-tech gainers included Hitachi Ltd , Sony Corp and Kyocera Corp . ``A positive mood is spreading in the market. The Nikkei's fall below the 19,000 level may continue to provide a chance for bargain-hunting,' said a manager at a second-tier Japanese brokerage. Expectations of substantial fund flows from new investment trust funds to be set up in two weeks are also providing a floor to the market, traders said. The Nasdaq Composite index finished up 20.48 points or 0.50 percent at 4,151.29 on Wednesday, breezing past its previous high of 4,131.15 reached on January 3, although the Dow Jones industrial average (^DJI - news) sank, mostly on software giant Microsoft Corp's (NasdaqNM:MSFT - news) tepid earnings outlook.

To: LBstocks who wrote (63128)	1/19/2000 11:46:00 PM
From: Ruffian	Read Replies (2) \| Respond to of 152472

KT Freetel sets 2 trillion won sales target Korea Telecom Freetel (KT Freetel) yesterday announced its business plan for the year that calls for sales of 2 trillion won, a 30 percent increase over last year and net profit of 200 billion won. The company said it plans to expand its subscriber base to 5.35 million from the current 4.56 million and bolster its wireless Internet service. About 780 billion won has been earmarked for facilities investments to improve the quality of calls. A provisional look at the fiscal year 1999 showed that the company's losses were 9.5 million won, significantly lower than forecasted earlier, and the debt-to-equity ratio stood at below 150 percent, much lower than the initial projection of 230 percent, according to the company. PersNet, the company's Internet portal service launched last October, is expected to see its subscriber base grow to 3.5 million by the end of the year from the current 400,000. By introducing new pricing plans for wireless data services, the company will boost its wireless data service subscribers to about 620,000, the company said. A trial network of the third generation mobile communication service using CDMA2000 (code division multiple access 2000) technology is expected to be launched this year as well as a trial service of high data rate (HDR) packet data service developed by Qualcomm. The existing IS-95B network, which provides data transmission speed of 64Kbps, will be expanded to provide nationwide coverage. As expected, KT Freetel said that it would pursue the IMT-2000 operator's license together with Korea Telecom. The government is slated to select IMT-2000 operators at the end of the year ,but how many licenses will be granted and how the operators will be chosen still remain to be spelled out. The company will also boost its overseas businesses, exporting wireless network systems and operation technology worth approximately 20 billion won. As for the company's NASDAQ listing which is widely expected to take place this year, the company said it has completed preliminary reviews and is in the process of working out the details. (KHR) Updated: 01/20/2000