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To: Ciao who wrote (1435)	2/27/2000 11:10:00 AM
From: Tomsr	Respond to of 1762

WOW! This story could have huge implications for TOM (TST) TOM is involved in mobile phone bids in China. TOM has products and technology made in China and therefore had a distinct advantage over foreign companies. I had a conversation with a TOM PR person a year ago who said that TOM was working with Chinese officials to build mobile phone technologies specificially to meet TOM's specications. Because of this news I am cancelling my bid to sell half of TOM's stock on the double. I think this news in definately in TOM's favor and could dramatically affect its future. China Postpones Mobile Phone Project BEIJING, Feb 25, 2000 -- (Reuters) China has inexplicably delayed the roll-out of mobile phone networks that use technology owned by U.S.-based Qualcomm Inc., threatening one of China's largest-ever stock listings, foreign executives said on Thursday. The postponement came a week after Qualcomm signed an agreement in Beijing paving the way for China's No. 2 state carrier, China Unicom, to build a national network using Qualcomm's code division multiple access (CDMA) mobile standard. The CDMA networks are a cornerstone of China Unicom's plans for a multibillion-dollar initial public offering planned for Hong Kong and possibly New York in May. San Diego-based Qualcomm owns the patents for CDMA, a technology said by many engineers to offer high voice quality and a solid foundation for the next generation of advanced mobile services, such as video and Internet phones. Qualcomm stands to earn hefty royalties under the licensing agreement signed with China Unicom last week. The Chinese decision to delay the project sent Qualcomm's stock lower in New York. Qualcomm, one of the best-performing shares on the Nasdaq stock market last year, was off 10 points, or 9 percent, at 136-7/8. One foreign executive said Chinese government officials had told his company of the CDMA freeze. "It only happened in the last 48 hours," the executive said. "It's very likely that this postponement could carry on for a while." A Qualcomm spokeswoman in San Diego said the deal with China Unicom was a "win-win" for both sides and showed China's willingness to take part in the world economy. "We still believe in the agreement that was signed," she said. "We have not heard differently from China Unicom and the State Planning Commission." A HOSTAGE OF WTO? The Wall Street Journal quoted executives as saying the delay might be a bargaining tactic by Beijing as the U.S. Congress prepares to debate China's entry into the World Trade Organization. Congressional support for Beijing's entry has been thrown into doubt by China's threat on Monday to invade Taiwan if it dragged its heels indefinitely on talks aimed at reunification. The foreign executive said China might be banning current-generation CDMA networks altogether in an attempt to funnel resources into development of so-called "third-generation" CDMA networks that offer more sophisticated services. Credit Suisse First Boston analyst Marc Cabi said he had been cautious about factoring possible Chinese sales into his analysis of Qualcomm. "We have seen the path to CDMA deployment in China delayed before by political wrangling and are not surprised by the latest news," he wrote in a report. Foreign manufacturers such as Lucent Technologies Inc., Samsung Electronics Co., Nortel Networks Corp. and Motorola Inc. stand to win large contracts if CDMA networks go ahead. A Lucent spokesman said the company had received no official notice of Chinese delay on the project, but he said China Unicom had ended a round of talks on a contract bid by Lucent on Thursday with no plans for resumption. "They told us that was the end of the negotiation on the first round, and we'll have to await further notice," said the spokesman, H.T. Kung. "They didn't tell us when or how we should move ahead," he said. (C)2000 Copyright Reuters Limited. All rights reserved. Republication or redissemination of the contents of this screen are expressly prohibited without the prior written consent of Reuters Limited. Advertise on Inside China Today For immediate information contact an Account Representative. News \| Business \| Country Information \| Discussion \| Classifieds Shopping \| Feedback \| About EIN \| Home ¸ 1995-2000 European Internet Network Inc. All rights reserved.

To: Ciao who wrote (1435)	2/27/2000 11:52:00 AM
From: John Trudeau	Read Replies (1) \| Respond to of 1762

Ciao, <<Louie, did you check out MLM. Do some DD on ENW and VMI, I'm really scraping the bottom now looking for some new picks.>> I looked at MLM and VMI months ago. Unfortunately it was before the tech rally ballooned, and I sold my VMI at a small loss. The tech indicators on MLM say it's oversold, but you may be able to squeeze some profit out of it; at least until the tech bubble pops; which I think could be any day now - but definitely before the end of June. So much junk has gone so far on the CDNX over the past month that the pickens are sparse. TOMmy, being a quality pick, will probably go for at least one more serious rally before all is said and done. I'd be more inclined to buy TOMmy than any other CDNX tech play. P.S. Do you have an Oil & Gas picks? If all goes well at the March 27 OPEC meeting, we'll need some quality picks to put our TOMmy profits into. Ciao for now, JT