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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (36553)	7/26/2003 3:07:35 PM
From: smolejv@gmx.net	Read Replies (1) \| Respond to of 74559

Maybe of interest...from Platow Emerging Markets letter Unfortunately in case of Yukos the news are dominated by the political witch hunt, so the very good Q1 numbers just do not make any dent. After having taken a real good care of the cost side, Yukos is producing at the level the competition can only dream of. At the moment the production costs are at 1.45$ a barrel. Compare that to the Q1 net income of average 9$ per barrel. The closest rival Lukoil has Q1 production costs at 2.56$ / barrel. And Lukoil's average net income is 5.20$ In any case, even Lukoil does not need to be ashamed of its numbers. Both enterprises have surprised the analysts on the positive side. A clear sign, that the business of Russian oil multis is doing fine. The moment the political hoopla is past, we can expect yet again a round of strong advances.

To: TobagoJack who wrote (36553)	7/26/2003 10:41:00 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 74559

Jay, I was pleased to see this picture, travelchinaguide.com with LG keeping an eye on things, up close and personal. A kind of modern Big Brother. LG is a major CDMA maker. No doubt their magical pixelating phragmented photon cyberphone light sabres are on sale nearby. Contrary to popular rumour TD-SCDMA is in fact a technology incorporating QUALCOMM's amazing feats, so there will be royalties payable to QUALCOMM and no doubt QUALCOMM will be selling the ASICs if it's a successful standard. The idea that Chinese companies will simply steal QUALCOMM's intellectual property is 20th century nonsense before the advent of WTO and China enjoying vast trade with the USA [which will not take kindly to their excellent tax revenues from QUALCOMM being usurped by crooks]. With derisory royalties of just over 2%, there seems little point in circumventing QUALCOMM without redeeming technological or market advantages. TD-SCDMA like the Japanese own-use PHS technology won't be exported. China will almost certainly adopt CDMA2000 when they really figure things out [or be a kind of Albania/North Korea in the mobile cyberphone realm]. Mqurice