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To: Keith Feral who wrote (7640)10/18/2000 11:18:11 AM
From: JohnG  Respond to of 34857
 
Foreign Slimeballs bought the majority of Korean operator, SK's stock and are attempting to use their money to cram W-CDMA down the throat of Koreans in violation of their national interest.
JohnG

Benjamin Garrett who wrote (83957)
From: slacker711
Wednesday, Oct 18, 2000 9:47 AM ET
Reply # of 83975

SK Telecom still trying to stick with W-CDMA....

english.joins.com.

Oct.18.2000

Ministerial Meeting Fails to Move SK Telecom
by Lee Chul-ho

Breaking an earlier promise to make public all his meetings with the heads of telecommunications firms,
Information and Communication Minister Ahn Byung-yub has secretly met with the head of Korea's largest
wireless communication company.

Mr. Ahn secretly met with Son Kil-seung, chairman and chief executive officer of SK Telecom, on Tuesday,
breaking a promise made on Oct. 9 to make public all his meetings with heads of telecommunications
companies to ensure transparency in the process of granting licenses for a lucrative phone services dubbed
International Mobile Telecommunications, or IMT-2000.

The minister had hoped the behind-the-scenes meeting would narrow differences on the technological standard
for the third generation mobile phone service, but it did not succeed in this purpose.

Citing incentives that will be offered by the government, Mr. Ahn asked Mr. Son to choose U.S.-style code
division multiple access, or CDMA 2000, only to be rejected, according to a public relations official at the
Information Ministry.

SK Telecom's CEO stuck to the company's plan to opt for the wide-band CDMA, or W-CDMA, maintaining
that any change would cause the firm's stock price to plunge and would face resistance from foreign
shareholders, who hold nearly half of the company's shares, the official said.

After the meeting, Mr. Son ordered his executives to submit a business plan for W-CDMA, a standard used in
most other countries outside the United States.

It remains unclear whether the minister's last-minute effort to resolves the standards issue will succeed, as all
three of the carriers seem set to proceed with their development of W-CDMA.



To: Keith Feral who wrote (7640)10/18/2000 5:29:44 PM
From: Puck  Read Replies (1) | Respond to of 34857
 
Nokia Corp Reiterated `Strong Buy' at CIBC
By Lindsey Mackay

Princeton, New Jersey, Oct. 18 (Bloomberg Data) -- Nokia Corp -spon ADR (NOK US) was reiterated ``strong buy'' by analyst Dale R Pfau at CIBC World Markets.