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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?


To: Brister who wrote (81435)2/2/2000 11:40:00 AM
From: Frederick Langford  Read Replies (1) | Respond to of 120523
 
Company Press Release

SOURCE: Korea Thrunet Co., Ltd.

Korea Thrunet's Broadband End User Base Passed 150,000 Mark
SEOUL, South Korea, and NEW YORK, Feb. 2 /PRNewswire/ -- Korea Thrunet Co., Ltd. (Nasdaq: KOREA - news) today announced that the number of its broadband access end users increased to 155,710 as of January 31, 2000. The number of end users increased 841% year-over-year from 16,541 as of January 31, 1999 and 16% sequentially from 134,740 as of December 31, 1999. As a first mover in the Korean broadband Internet market, Korea Thrunet is aggressively increasing new subscribers to stay ahead of its competitors.

Korea Thrunet is currently adding more than 20,000 end users monthly and the rate of subscriber growth is continuously increasing. This is primarily due to our expansion of service coverage. Since our initial public offering in mid-November, 1999, we have made contracts with 10 additional cable system operators (SO). Korea Thrunet currently has exclusive contracts with 42 SOs out of 77 SOs in total in Korea. In areas where there is no HFC (Hybrid Fiber Coaxial) network served by KEPCO (Korea Electric Power Company) , Korea Thrunet is aggressively deploying its own HFC network to increase its service coverage. End users refer to subscribers who are paying monthly access fee for Korea Thrunet's services.

About the Company

Korea Thrunet Co., Ltd. is the leading provider of high-speed Internet services in Korea, with 112,995 end users as of November 30, 1999. Thrunet service features ''always-on'' Internet access at speeds up to 100 times faster than traditional dial-up Internet access, with compelling multimedia content ranging from on-demand music videos and Internet telephony to multimedia bulletin board and multimedia chatting services. Korea Thrunet also provides facilities-based data communications services to more than 150 corporate customers in Korea, including several major telecommunications carriers such as SK Telecom Co. Ltd. and Shinsegi Telecomm Inc. Founded in July, 1996, Korea Thrunet's principal offices are located at 1338-5, Seocho-2 dong, Seocho-ku, Seoul, Korea 137-072.

SOURCE: Korea Thrunet Co., Ltd.

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More Quotes and News: Korea Thrunet Company Ltd (NasdaqNM:KOREA - news)
Related News Categories: computers, internet

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To: Brister who wrote (81435)2/2/2000 12:14:00 PM
From: Jenna  Read Replies (1) | Respond to of 120523
 
Brister.. I know tonight I will update the 'lights' on the calendar as well as the NEW earnings plays that I will be having ready tonight. I am still waiting for the bulletin board to be configured. When that is ready we'll have lots of intraday charts there. The Watch List stocks actually have triggered when they come on the list as the fundamentals don't really have much of a weight. So what you are waiting for is actually a CONTINUATION of the uptrend. Also the watch list for today was more theme oriented. The theme being: "Formerly strong stocks that have sharply reversed downward with very oversold stochastic".

Now technically most of them triggered on Tuesday, but for a continuation of an uptrend, a CONFIRMATION would have to be the following day on high volume. If they all had green traffic lights it might propel traders to get in precipitously. They would in essence need 'yellow' lights. The earnings plays, much stronger usually fundamentally, have the added impetus of the earnings report before them, so the more they are depressed beforehand (i.e. BOBJ) the better chance they have of maintaining their anticipatory upswing for a longer period. A "green light" there would hold more significance.

Now when we hve very strong stocks like BVSN, RNWK, SNDK or such that beat estimates soundly, they are usually repeaters and will ALWAYS trigger new buy signals so again, these green lights would be significant (BVSN yesterday, RNWK today)..

When our intraday updates will be ESP oriented, the buy triggers will be more automatic, but there is no substitute for chart following. Its just a matter of whether you are inclined to hold through some dips in stocks like ORBK, BOBJ and set a stop at 5% which is what I did on FORTY and got stopped out after an uptrend. The next day FORTY gapped down but I was already out.