Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?

To: gladman who wrote (10138)	6/1/2001 11:07:13 AM
From: Tom Hua	Respond to of 19633

Thanks gladman, I'm looking forward to it. Regards, Tom

To: gladman who wrote (10138)	6/4/2001 8:09:06 AM
From: Tom Hua	Respond to of 19633

gladman, add another one to the list. 08:08 ET Cypress Semi (CY) 21.60: CY warns that Q2 revenues will be in the $175-185 mln range with EPS of breakeven to $0.02 vs current First Call estimates of $202 mln and $0.03; company says that business conditions have not materially improved in the market segments that it serves. Regards, Tom On a different subject: Monday June 4, 2:51 am Eastern Time China, U.S. Get Ready to Talk WTO in Shanghai By Bill Savadove SHANGHAI (Reuters) - China and the United States were preparing on Monday for a top-level meeting aimed at reviving China's stalled bid to join the World Trade Organization, raising hopes for a key agreement on agricultural subsidies. China's Foreign Trade Minister Shi Guangsheng and U.S. Trade Representative Robert Zoellick were scheduled to meet for the first time on Tuesday ahead of a meeting of Asia-Pacific Economic Cooperation forum trade ministers in Shanghai starting Wednesday. Zoellick is expected to arrive in Shanghai on Monday evening. Even with some form of top level breakthrough, bridging the gulf between Beijing and Washington will take serious efforts. U.S. officials are playing down prospects of a breakthrough, saying agriculture is just one of a number of issues which need to be resolved before China can join the WTO. APEC trade officials will urge that an agreement on China's WTO entry be reached by the end of the year, raising hopes Beijing and Washington can iron out their differences on the thorny issue of subsidies. Multilateral talks on China's WTO entry have been delayed since the last round in January over the level of subsidies Beijing can pay its farmers. The United States insists China be classified as a developed country, allowing subsidies of five percent of the total value of production. U.S. officials argue that Beijing lacks the financial resources to pay higher subsidies. China says it is entitled to pay subsidies of 10 percent as a developing country. Chinese leaders have made increasing support for farmers a key political platform this year. A breakthrough on the issue would require compromise from both sides. ``We have low expectations,'' said a U.S. official. ``We have been burned so many times before.'' The atmosphere for the bilateral meeting should be warmed by U.S. President George Bush's request to Congress on Friday to renew normal trade relations with China. The request was made despite strained ties by the collision between a U.S. spy plane and a Chinese fighter in April and several other issues. DOWN TO DETAILS China also has a history of using APEC as a stage to announce sweeping initiatives. For example in 1996 President Jiang Zemin pledged to cut import tariffs to 15 percent by 2000. China says it has met that goal. ``It would be normal procedure for China to try and pull out some big surprise, some great concession at a big meeting like APEC which they wouldn't do at a working level,'' a U.S. official said. The two countries are down to discussing the nitty-gritty of agricultural subsidies, including the year to use as a base, which would affect exact levels. Discussions are also focusing on ``product specific'' subsidies and ``non-product specific'' subsidies, which include items such as infrastructure, foreign diplomats said. The two countries were likely to signal any breakthrough by agreeing to multilateral talks in Geneva, perhaps in late June or early July, they said. Even with the issue resolved, WTO members must still draft a complex accession protocol which analysts say could take at least six months and push China's entry into next year. Supachai Panitchpakdi, incoming WTO director-general, said last month that focus on the possible launch of a global WTO round in November and the arrival of a new U.S. trade team had slowed work on China's entry. He said a change of administration in the United States meant time would be taken in getting to know each other. ``I don't think they have to start from square one again, but I don't know how much time they have spent already,'' he said.