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To: Dealer who wrote (31364)	8/31/2000 2:19:34 PM
From: Sully-	Respond to of 35685

For QCOM longs....... Thursday August 31, 1:21 pm Eastern Time Press Release Qiao Xing Universal Telephone Inc. Announces CDMA Project Approval From Ministry of Information Industry GUANGDONG, China--(BUSINESS WIRE)--Aug. 31, 2000--Qiao Xing Universal Telephone Inc. (NASDAQ NMS:XING - news) today announced that the Ministry of Information Industry (MII) has approved its tender for CDMA network station core technology research and development project (CDMA IS-95A to CDMA2000-1X core technology, including chipset and software). MII today's release reads: THE PUBLIC BIDDING OF STATE MOBILE TELECOMMUNICATION PRODUCTS RESEARCH AND DEVELOPMENT PROJECT has achieved strong support from the Chinese telecom industry, and received 32 application forms. Have strictly evaluated and practically explored applicants, MII's expert committees authorized the final approval to five companies in the Minister special conference on July 5. As one of the five approved companies, Qiao Xing Universal will be expected to receive tens of million RMB government-supported research fund, and be given the highest priority of relevant equipment providing for CDMA service operators. In October 1999, the Chinese Ministry of Information announced that it would authorize from three to five companies in China to manufacture CDMA cell phones. Qiao Xing responded positively to this policy. Among the one year of preparation work, Qiao Xing has passed the evaluation of the Guangdong province government, completed the establishment of a joint-venture with Korea Hyundai Electronics, the organization of an expert R&D team and the construction of a new factory. Commented Mr. Riu Lin Wu, chairman of Qiao Xing Universal Telephone Inc.: ``This is exciting news for Qiao Xing Universal. Experienced almost two year in-detailed and thorough work, we proudly see the exciting moment. MII's approval will accelerate the sale expansion of Qiao Xing-Hyundai system network station and build a solid foundation for our cell phones marketing. Certainly we are also aware of potential competition in this domain. Facing the extremely attractive market, we have confidence to steer this historical opportunity.'' In August 1995, Qiao Xing Universal Telephone Inc. became the first telephone manufacturer in China to receive the ISO 9001 Quality System Accreditation award. The Company currently produces 165 models of corded telephones and 25 cordless models. Its sales network is extensive with 1,350 retail store locations throughout China. Ranked No. 2 in telephone sales in China for 1997 and 1998, the Company achieved the No. 1 sales ranking for 1999. This press release contains ``forward-looking statements'' regarding future business opportunities and activities. Such forward-looking information involves important risks and uncertainties that could significantly affect future results. These risks and uncertainties include, but are not limited to, those relating to economic, political, legal and social conditions in the People's Republic of China, dependence upon key management personnel, competition, material factors relating to the operations of the business, and domestic and global general economic conditions. -------------------------------------------------------------------------------- Contact: Qiao Xing Universal Telephone Inc., Huizhou, Guangdong Jeff J.F. Feng, (011) 86-752-2808-188 Fax: (011) 86-752-2803-101 qiaoxing.com E-mail: qxxiao@pub.huizhou.gd.cn or Silverman Heller Associates, Los Angeles Dan Matsui/Eugene Heller, 310/208-2550 Fax: 310/208-0931 E-mail: dmatsui@sha-ir.com biz.yahoo.com

To: Dealer who wrote (31364)	8/31/2000 2:29:19 PM
From: drenko	Read Replies (2) \| Respond to of 35685

Dealie... You are too cool!! Thanks, -drenko

To: Dealer who wrote (31364)	8/31/2000 2:36:55 PM
From: Dealer	Read Replies (1) \| Respond to of 35685

<font color=blue>Post #'s of Recent Cover Call Strategy Discussions 27272 Original Posts "Voltaire Cover Call Strategy 101" From recent discussions--August 16,17 and 18, 2000 29156 Jill-Overview of CC's 29167 KG4-Personal Opinion "Quit Playing the Casino" 29178 Rydad-Ouestion-Answer 29281 29179 djia-Question-Answer 29293 29186 Pinhi-Question-Answer 29193 29187 Scott Mantz-Personal Overview 29193 Volataire Answer to 29186 29196 Pinhi Question-Answer 29201,29202 29201 jc2020 Answer to 29196 29202 Voltaire Answer to 29196 29324 Rocketman Question-Answer 29345 29327 Rocketman Question-Answer29332 29329 Dealer Answer to 29324 29332 KG4 Answer to 29327 29333 Dealer as to Scott and Drenko have a good grip of CC's 29334 Rocketman Question-Answer 29350 29338 Drenko strategy 29344 Dutch states his point on strategy 29345 Jill Answer to 29324 29350 Jill Answer to 29334 29351 Clappy Question-Answer 29361,29374,29385 29353 Nolimitz Question-Answer 29415 29361 Dutch personal strategy 29374 Voltaire Answer to 29351 29381 Rocketman Question-Answer 29386 29388 Wstera02 Addressing a In a down Market 29394 Pinhi Question-Answer 29397,29414 29396 Drenko Answer Rocketman 29393 20404 Dutch Keeping your Investment Vehicle 29412 Clappy Question-Answer 29422 29413 Dutch on QQQ 29414 Wstera02 Answers to 29394 (See29394 Pinhi Question-Answer 29414) 29415 Voltaire Answer to 29353 29416 Voltaire Agrees with Dutch-preserving your vehicle 29420 Dutch more comments on QQQ strategy 29421 Voltaire "To Good to be True" 29422 Wstera02 Answer to 29412 29433 Wstera02 Just a darn nice post on CC's, porch, etc. 29434 Dwayanu--A Picture of CC's-Must Read, Answer to 29414 29457 SE presents a strategy 29469 Question-Answer 29469 29472 Walkman Question-Answer 29568 (see 29568 Dwaynu Answer to 29472) 29495 Wstera02 Answer to included Question from Clappy 29510 Dwayanu Answer to 29469 29526 KG4 Expiration Comments 29542 Rocketman Question-Answer 29547 29547 Wstera02 Answer to 29542 29548 Drenko "Don't fall in love with a stock." 29568 Dwaynu Answer to 29472