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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting -- Ignore unavailable to you. Want to Upgrade?

To: Art Bechhoefer who wrote (269)	7/7/2000 1:00:02 AM
From: The Reaper	Read Replies (2) \| Respond to of 197472

Art- In reading thru this thread the last 24 hours, I am somewhat alarmed by the post from Cooters #237 where it was posted from Bloomberg.... Seoul, July 5 (Bloomberg) -- SK Telecom Co. and its four South Korean rivals probably piled up profits in June even as they lost subscribers for a second month, analysts said. SK, Korea Telecom Freetel Corp., Shinsegi Telecom Co., LG Telecom Co. and Hansol M.com Co., said they lost 679,000 subscribers in the month. At the same time, though, a government decision to bar companies from selling cheap handsets means they are saving more money. ``We can expect to see subscriber numbers continue to fall for the time being, but that will be more than offset by savings from handset subsidies,'' said Kim Ho Seok, a telecommunications analyst at Samsung Securities. He estimates the five companies will lose 3 million subscribers in the next six months. Am I reading this right when I see that subscriber numbers are decreasing in Korea? Does this make sense? If this is the case, how can the cc regarding the fourth quarter projections be anything but bad for Korea? I'm surprised that no one here has asked/commented on this article. Someone help me understand. kirby