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To: Danny who wrote (96595)	3/16/2000 2:49:00 AM
From: GST	Respond to of 164684

Hi Danny: I never said it was better, just good. It was in response to Williams post that I never invest in tech -- which is definitely not the case. A seven hundred percent return in a year on a stock is good. There have been higher fliers, and some of them are now well off their peaks -- ICGE and ARBA come to mind. Whether a stock returns six, seven or eight hundred percent is not the issue -- most of us would love to have any of the above. I am not against buying tech stocks. I am only against the idea that they can never be good sell candidates. I hope you, just like everybody else, finds the next ARBA, VERT or LSI. But I do not believe that buying stocks that are up like ARBA or even LSI is going to get you a 10x gain from here. The risk to the downside is substantial -- that is my opinion. Sorry for being testy with you.

To: Danny who wrote (96595)	3/16/2000 2:52:00 AM
From: GST	Respond to of 164684

China roll-out of CDMA mobile technology imminent: Zhu BEIJING, March 15 (AFP) - The long-awaited nationwide roll out US-developed CDMA mobile-phone technology will happen soon, Chinese Premier Zhu Rongji said Wednesday, flatly denying reports the government had halted the process. "It won't be too long before you see the settlement of this question," he said. He reaffirmed that the government had designated telecoms carrier China Unicom to "take charge" of all importation of the CDMA technology and related co-ordination work. But Zhu hinted the code-division multiple access (CDMA) standard had had a bumpy start in China due to internal conflicts between Unicom and the powerful regulators concerned. Unicom "may not have done a very good job in terms of getting mutual communication and mutual coordination" with the Ministry of Information Industry and the State Development Planning Commission, he said. A deal Zhu reached with US Commerce Secretary William Daley nearly a year ago on CDMA's introduction prompted expectations that the standard would quickly challenge GSM's monopoly over China's fast-growing mobile phone market. But little progress has emerged, although Unicom did sign an exclusive deal with US giant Qualcomm Corp. last month to license the firm's CDMA technology in China. Zhu dismissed foreign media reports that Beijing ordered a halt to Unicom's CDMA roll-out. "What they have been saying is not true and there has never been anything like that," he told a packed media briefing. The number of Chinese mobile telephone users rose 72 percent last year, maintaining the explosive clip seen in the last several years, according to official figures. Cellular subscribers jumped by 18 million to 43 million, putting China on the brink of passing Japan as the world's second-largest mobile market after the United States. The European-designed GSM (global system for mobile communications) accounts for virtually all digital subscribers. Analysts say it and CDMA technology are of roughly the same generation.

To: Danny who wrote (96595)	3/16/2000 2:57:00 AM
From: GST	Respond to of 164684

More on CDMA in China msnbc.com

To: Danny who wrote (96595)	3/16/2000 2:58:00 AM
From: GST	Respond to of 164684

Commerce One Expands Into China With New Venture WALNUT CREEK, Calif. (Reuters) - Internet business marketplace developer Commerce One Inc. and seven Greater China businesses have agreed to develop a business-to-business Internet portal for the worldwide exchange of goods and services among businesses. The deal calls for the partners -- who include Beijing Enterprises, i-CABLE Ventures, Jardine Internet, New World China Enterprises Projects, SUNeVision, Swire Net Ventures and WI Harper Group -- to fund the project with an initial investment of $40 million, Commerce One said. The seven companies and their affiliates have a trading volume of 20 percent of Hong Kong's gross domestic product, Commerce One said. The portal will anchor the Hong Kong and mainland China hub of the Global Trading Web -- electronic marketplaces running on the Commerce One MarketSite Portal. The portal will target several industries including aviation, automotive supplies, building materials, computers and components, fixed and wireless telecommunications, hotels, medical and healthcare products, retail, shipping and logistics. ``By forming this joint venture we are ensuring that both suppliers and sellers in the Greater China region are able to fully exploit the unparalleled trading opportunities presented by the Global Trading Web,' Mark Hoffman, Commerce One chief executive and chairman, said in a statement. ``Our joint venture partners comprise a formidable procurement force in the region that fully understands the long-term strategic value of Internet-based trading communities.' The joint venture partners and their suppliers will be among the first to join the project and will create industry-specific trade hubs linking current suppliers and buyers. The joint venture company will also recruit suppliers and buyers from outside the partners' own company supply chains, Commerce One said. The new portal venture also will seek other partners in Asia to extend the range of industries represented to include sectors such as petrochemicals and finance. The Global Trading Web is independently owned and operated by market makers in regions or industries. There are currently over 30 global trading portals, including those operated by Banacci in Latin America, British Telecom, Cable & Wireless Optus in Australia and Citigroup Inc.

To: Danny who wrote (96595)	3/16/2000 3:00:00 AM
From: GST	Read Replies (1) \| Respond to of 164684

HK stocks fall sharply in afternoon on Taiwan HONG KONG, March 16 (Reuters) - Hong Kong blue chips fell sharply on Thursday afternoon with investors piling out of technology shares as the Beijing-Taipei war of words heated up over Taiwan's presidential election on Saturday. The benchmark Hang Seng Index (^HSI - news), which ended the morning at 16,720.02, skidded 2.13 percent or 355.9 points to 16,391.22 by mid-afternoon trade.