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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting -- Ignore unavailable to you. Want to Upgrade?

To: foundation who wrote (25991)	8/23/2002 9:17:30 AM
From: foundation	Read Replies (1) \| Respond to of 196722

Li gets behind trump card in appeal for 3G FRIDAY AUGUST 23 12:00AM SOUTH CHINA MORNING POST COPYRIGHT 2002 SOUTH CHINA MORNING POST LTD. Li Ka-shing - superman, businessman, fabulously wealthy tycoon and raging bull. He is a bull on third generation (3G) telephones when most people are dropping the technology faster than you can say "it was working in the shop!". Speaking at Cheung Kong (Holdings)' results announcement yesterday, Mr Li was repeatedly asked why he was so upbeat on 3G. He assured the watching media scrum that mobile phones which show films, surf the Internet and take photographs were definitely the way forward. After a while he slowly surveyed the audience and played his trump card. Holding his thumb and forefinger up in the air, the Cheung Kong chairman said: "If you could see one, you would want one." The crowd went wild. "Where, where, have you got one?" asked the reporters. "You'll have to wait several months," he teased. Times change: It is not only companies tightening their belts in these days of economic turmoil. Employees are also finding some spare inches in the waist-bands of their trousers. The long-lunch is but a distant memory as lobster buffets become prawn mayonnaise sandwiches and Chateau Rothschild becomes house blend coffee. Strolling through Chater Gardens these days you are just as likely to see an investment banker wearing an Armani suit and munching on a snack, as you are a man wearing an inch of grime and munching on the contents of a dustbin. Among the brokerages clamping down on expense accounts is HSBC Securities. According to a senior executive, employees are limited to HK$ 200 per diner when entertaining. The result is a booming business for Central's sandwich bars and busting business for the five-star eateries as the gyms have emptied and the parks have filled. Distinguished disguised: The truth is out, environmentalists are the new social outcasts. If you have developed a way to reduce greenhouse gas emissions, save energy or clean up the rivers, then prepare to be spat on in the street. The only way to live as normal a life as possible is to buy a false nose, some dark glasses, and wear a hat. The Business Environment Council - a non-profit organisation established in the 1980s - has invited building professionals to a September 6 seminar titled Designing for Environmental Performance Excellence in Buildings. "As shown in the attached programme, we have invited disguised speakers to present local case studies of environment friendly building designs," informs a press release. Pigs in debt: Two banks, two credit cards, two more gimmicks. While the number of defaults on credit-card bills continues to rise, banks continue to entice the unwary teenage consumer with offers of potential bankruptcy but more importantly, free gifts. The sorry state of affairs is that it works. "The launch of the Dah Sing Pork Chop & Friends Credit Card' is a new breakthrough in our credit-card business," says general manager Shera Lee. Pork Chop is a cartoon pig. Registering for the card gets you a 10 per cent discount on Pork Chop products. You will also get an exclusive limited-edition Pork Chop cushion. Sticking with the pork-related products theme, Hang Seng has launched its Mcmug card. Mcmug is a cartoon pig. Successful applicants will receive a Mcmug lamp or a bag featuring Mcdull, his wife. "Mcmug cardmembers will enjoy many privileges that complement their lifestyle," William Leung, deputy head of retail banking, says. A colleague tells us pigs are popular as they signify the good life. Hence the expression, happy as a pig in debt. wirelessweek.com