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To: GST who wrote (149430)10/29/2002 4:30:49 PM
From: Bill Harmond  Respond to of 164684
 
>>I would say that JDSU's balance sheet is adequate to carry them for a while -- even if Bill's post was factually incorrect.

ROFLMAO



To: GST who wrote (149430)10/29/2002 4:51:37 PM
From: H James Morris  Read Replies (1) | Respond to of 164684
 
Goldman offered me the shares. I think I'll wait.
Last Update: 4:36 PM ET Oct. 29, 2002


NEW YORK (CBS.MW) - China Telecom is slated to price its $3.3 billion initial public offering on Wednesday with American Depositary Shares on deck to begin trading on Nov. 6.
China Telecom readies $3.3 billion IPO

China Telecom (CHA: news, chart, profile) is eyeing a price range of $18.97 to $21.92, according to Alert-IPO.com.

The Beijing-based fixed-line telephone service provider is on track to debut with underwriters Morgan Stanley (MWD: news, chart, profile) and Goldman Sachs (GS: news, chart, profile).

China Telecom is offering a dividend of roughly one-third of its forecast 2002 profit of $1.993 billion and was increased from the 20 percent payout the company previously had considered, according to sources cited by Reuters.

The dividend is seen as an important incentive for investors since the telecom sector has largely been out of favor amidst debt woes and overcapacity.