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To: S100 who wrote (110163)	1/3/2002 1:25:55 PM
From: Jon Koplik	Read Replies (3) \| Respond to of 152472

S100 -- Thank you for confirming my suspicions (about Comstock). I distinctly remember one of those "sessions" on CNBC (around 1992 or 1993). Jon.

To: S100 who wrote (110163)	1/3/2002 2:21:10 PM
From: S100	Respond to of 152472

Pele-Phone to invest $300m in new infrastructure over 2 years Efi Landau 02.01.2002 15:49 Pele-Phone will invest $300 million in procuring and establishing new infrastructures over the next two years, CEO Yacov Gelbard said today. The necessary financing package will consist of $60 million injected by the company's shareholders, Bezeq and Shamrock Holdings, $100 million from internal sources, and $140 million from external sources, such as banks. The $60 million from the shareholders will be part of the $100 million capital injection mandated by the Bezeq-Shamrock agreement of a year ago. $40 million of this sum has already been injected. Pele-Phone is examining bids by external concerns to provide loans. Pele-Phone will have to submit the final financing package to its board of directors for approval. Next month, Pele-Phone's management will bring before the board of directors its choice for supplying 2.5 generation technology - 1x-CDMA. Gelbard said the 2.5 generation network would be launched in July or August. Gelbard also said that Pele-Phone had signed an MOU with Korean communications operator SK Telecom, which operates a 1x-CDMA network with 13 million subscribers. Pele-Phone and SK Telecom teams will meet next week to begin formulating and examining a work plan that will shorten time-to-market for a variety of value-added services that use the 1x-CDMA platform. The Israeli cellular market will be divided equally between the three large companies within a few years, Gelbard believes. He expects market revenue as a whole to grow 10-11% in 2002, compared with 15% in 2001. He said Pele-Phone added 105,000 customers in the last quarter of 2001. Changes in the purchase of end-user equipment, especially the agreement with Samsung and the diversification of supplies among the company's five suppliers, would save the company $40 million a year, according to Gelbard Gelbard expects Pele-Phone to post a pre-tax profit beginning in 2003, under Israeli accountancy regulations. Under US regulations, Pele-Phone will reach pre-financing, operational profitability in 2002. Published by Israel's Business Arena on 2 January 2002 new.globes.co.il snip 2. We will never see 3G in Australia as it is ultimately an unexciting distraction. Instead the lines between mobile phones, credit cards and identity passes will be blurred. 3G assumed people were inherently impulsive and change their habits quickly. One of the most logically flawed 3G applications bandied around is share trading. If there is such a need on any level it is minuscule. Mobile phone carriers must discard the notion of content and even to some extent online applications. Instead the mobile phone must be viewed as an interface tool to real life objects. The mobile phone has two glaring attractions, an uncapped billing arrangement and a relatively secure and simple means of transaction. Carriers must concentrate on these strengths to grow interactive revenues. A ripe opportunity was lost in the electronic toll collection on NSW's various bridges and tunnels. Instead of a mobile phone equipped with GPRS and appropriate software, a proprietary device is used to manage the transaction. Interestingly, over 30,000 Sydneysiders are already using the service despite the $40 deposit and $60 initial account debit required for setup. The attractive applications are those that require little interaction - except for a confirmation - and involve small payments in the order of a couple of dollars. Devices such as vending machines that detect the presence of mobile phones on micro-networks and then offer the user a menu of options are possible. I may be getting ahead of myself here, but the fundamentals message is clear. 2002 will see carriers discard notions of mobile content and heavily rationalise mobile services like share trading and banking. Doubtfully this year, but mobile operators will soon realise that the power of the mobile phone as an interface and micro-payment device for real-life tasks is enormous. snap australia.internet.com