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To: Paul van Wijk who wrote (20181)	10/31/1997 4:21:00 PM
From: Boplicity	Read Replies (1) \| Respond to of 176387

This asian flu is going to be looked back as "The Buying Op" of the year. IMF will not sit by and wait, action has already begun. Plus the following news release, signals the end to Red October. NEW YORK -(Dow Jones)- As part of his whirlwind visit to the U.S., Chinese President Jiang Zemin was scheduled Friday to meet with executives from International Business Machines Corp., AT&T Corp. and Lucent Technologies Inc. Jiang visited the offices of IBM (IBM) Friday morning. In the afternoon, Jiang was scheduled to go to New Jersey to visit the headquarters of AT&T (T) in Bedminster at 3 p.m. EST and Lucent's Bell Labs complex in Murray Hill at 4 p.m EST. Lucent (LU) is the big telecommunications-equipment maker spun off from AT&T last year. Bell Labs, the famed research arm of AT&T, went with Lucent after the spinoff. The Washington Post reported Jiang was to be treated to demonstrations of the firms' latest technologies. Jiang and his wife, Wang Yeping, are trained as electrical engineers and are said to be curious about technology. <<they will be like a kids in a candy store>> At IBM, Jiang saw demonstrations of advanced weather forecasting and Internet-based banking. AT&T was to offer various demonstrations of experimental communications technology. Lucent planned to show off chip-making technology and a text-to-speech scanner. After the individual meetings, executives from the three firms see Jiang at a dinner hosted by the U.S.-China Business Council at the Waldorf-Astoria in New York Friday night. The guest list for the dinner includes some 200 top executives, including Apple Computer Inc., Bell Atlantic Corp., Motorola Inc. and many other technology firms. IBM, AT&T and Lucent all have operations in China but want more sales. With 1.2 billion people, Western technology firms covet China's huge potential market but a variety of sticky issues, such as software piracy, government controls over access to networks and limits on foreign investments and operations, worry many executives. Only 2% of all homes in China have telephone service.