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To: TobagoJack who wrote (5546)	7/3/2001 6:24:44 PM
From: Maurice Winn	Respond to of 74559

<<Luang Ta Maha Bua, or Grandpa Bua as the abbot is affectionately known, handed over 55 gold bars weighing 687.5 kg and a $300,000 cheque to central bank governor Pridiyathorn Devakul at a special ceremony. At current international prices, the gold is worth around $5.96 million.>> Thanks Jay, which is an example of how the Crystal Ball we gaze at can lead us badly astray. [Yes, I realize maybe now it's YOU whose pixels are leading me astray]. I'm self-flattered that I guessed the price about right [$10 million instead of $6 million]. I wish I'd done as well with Globalstar. Thailand would do better to worship at the CDMA shrine rather than the gold shrine. Those worried-looking Aztecs could ask QUALCOMM to set up shop in Thailand and teach them tricks of the trade. Here is Irwin Jacobs in China [today] Message 16028028 <Now, Beijing appears to be throwing its weight behind CDMA. In October, the country's No. 2 mobile-communications operator, state-owned China United Telecommunications Corp., will launch a nationwide CDMA network that can initially support 15 million users. The new network is expected to charge service fees that are half as much as those for GSM network users. And, in a step to boost China's telecom market in general, the government recently cancelled fees for installing fixed lines and setting up mobile-phone accounts. The new licenses grant the two Chinese companies the right to make and sell equipment based on Qualcomm's CDMA standard, which can support current and future generations of mobile phones and wireless devices. Mr. Jacobs, in Beijing to open a new training center to speed the rollout of CDMA, predicted a jump in mobile-phone users, which he said would be a boon for Qualcomm's business. "China still has a relatively low penetration rate, meaning most of the growth is yet to come," he told reporters.> Pixelated, pixilated, but happy, Mqurice