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Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: Boplicity who wrote (6796)	11/16/2000 6:56:50 PM
From: T L Comiskey	Respond to of 13572

From the porch....... November 16, 2000 Nortel Networks, Datang in Strategic Cooperation to Provide CDMA Solutions in China BEIJING - Nortel Networks* [NSYE/TSE: NT] and Datang, one of China's leading local telecommunications equipment vendors, announced the signing of a long-term strategic cooperation agreement intended to accelerate the availability of advanced Wireless Internet solutions in China. Under terms of the strategic cooperation agreement, Nortel Networks and Datang will work together to promote CDMA (code division multiple access) products. Moving forward, the companies plan to work together to evolve Datang's CDMA products to cdma2000. "The signing of this agreement marks the beginning of an all-round, mutually beneficial strategic association with Nortel Networks,'' said Zhou Huan, president, Datang. "I believe this joint effort will significantly advance the development and deployment of mobile communications and the Wireless Internet in China." "This is a major milestone in bringing the high-performance Wireless Internet to China," said Robert Mao, president and chief executive officer, Nortel Networks China. "By working with Datang to bring our turnkey networking solutions to China's wireless operators, we will be accelerating the growth of local manufacturing in the country's cellular market segment as well as furthering Nortel Networks commitment to help build a world-class telecommunications industry in China." Nortel Networks has a leadership position in all major 2G and 3G wireless technologies, including GSM, GPRS, CDMA, 1XRTT and TDMA. BT Cellnet in the UK and Airtel Movil and Xfera in Spain have selected Nortel Networks to build their UMTS (Universal Mobile Telecommunications System) networks. In addition, working with Telstra in Australia, Nortel Networks recently completed the world's first cdma2000 1XRTT data call over a live network. By unifying its IP (Internet Protocol), optical and wireless networking solutions, Nortel Networks is accelerating time-to-market and time-to-profit for wireless operators looking to offer next-generation Wireless Internet services. Nortel Networks has already demonstrated the fastest Wireless Internet in the world, with wireless data transmissions at speeds more than 25 times faster than typically available today. Nortel Networks ranks number one in next generation Wireless Internet infrastructure strategy according to Herschel Shosteck Associates (2000) and the Yankee Group (1999). Nortel Networks recently announced awards with an estimated aggregate value of US$525 million for new wireless networks serving up to 17 million subscribers and paving the way for Wireless Internet and data services in Greater China. The company has won wireless network contracts in 17 of 31 provinces in China. Datang Telecom Technology & Industry Group is one of China's top four local telecommunications equipment suppliers. With over 14,000 employees, Datang owns 12 telecommunications research centers and 11 subsidiary companies, as well as a listed company and a design institute. In 1999, it generated revenues of approximately 16 billion RMB and invested 1 billion RMB in cutting-edge research and development (R&D) projects. Nortel Networks is a global Internet and communications leader with capabilities spanning Optical, Wireless, Local Internet and eBusiness. The Company had 1999 U.S. GAAP revenues of US$21.3 billion and serves carrier, service provider and enterprise customers globally. Today, Nortel Networks is creating a high-performance Internet that is more reliable and faster than ever before. It is redefining the economics and quality of networking and the Internet, promising a new era of collaboration, communications and commerce. Visit us at www.nortelnetworks.com. Nortel Networks, the Nortel Networks logo and the Globemark are trademarks of Nortel Networks. cdma2000 is a trademark of the Telecommunications Industry Association (TIA). Contact for Press and Analysts: Sharon Tang Nortel Networks 8610 6528 8877 tangs@nortelnetworks.com nortelnetworks.com. Ö¿Ö

To: Boplicity who wrote (6796)	11/17/2000 12:36:46 AM
From: Boplicity	Read Replies (5) \| Respond to of 13572

I have only on thing to say positive and that's at the end. The market is going down 2600 which at one time seem so remote, I couldn't think about 2600, it's almost certain now. I see no near term catalyst other then the final election decision and that's a poor one too. 20 to 30% drop in the naz looks more likely daily. We are going to get a retest here, I see it failing. There is hope. QCOM in it's five month base should serve as lesson or what to look for before you buy back in. Do not rush back in. There has been so much selling that it's going to take time to repair the damage. Greg