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Technology Stocks : CellularVision (CVUS): 2-way LMDS wireless cable. -- Ignore unavailable to you. Want to Upgrade?

To: gtc123 who wrote (927)	1/27/1998 8:35:00 AM
From: James Fink	Respond to of 2063

As I reported a week ago, the WTO agreement will go into effect on February 5, 1998. This is good news for the LMDS auction because it allows foreign bidders -- with deep pockets -- to own more than 25 percent of a LMDS licensee! Federal Communications Commission 1919 - M Street, N.W. Washington, D.C. 20554 January 26, 1998 ENTRY INTO FORCE OF WTO TELECOM AGREEMENT FCC Chairman William Kennard hailed the decision reached in Geneva today on entry into force of the World Trade Organization (WTO) Agreement on Basic Telecommunications Services. WTO Members agreed that the pact would become effective on February 5, just one year after the agreement was concluded. Chairman Kennard said, "This agreement allows telecommunications consumers worldwide to enjoy the benefits of improved competition in basic and advanced telecommunications services. It will increase investment and competition in the United States, leading to lower prices, enhanced innovation and better service. At the same time, market access commitments from major trading partners will provide U.S. service suppliers opportunities to expand abroad." As of today, most of the WTO members participating in the WTO Basic Telecom Agreement had taken the actions necessary to make their commitments effective, including the United States. However a handful of WTO members, representing less than five percent of world telecom traffic, had not taken such actions. Chairman Kennard stated that, "The Commission will monitor developments in these countries closely, and the Commission expects that our trading partners will act quickly to fulfill their commitments and not lose the benefits associated with a liberalized telecommunications sector." He also emphasized that the U.S. Government will monitor implementation by all WTO members. In November 1997, the Commission adopted new rules in anticipation of entry into force of the WTO Agreement. These new rules, which will become effective in early February, will further promote competition in the United States telecommunications market by facilitating entry of foreign service providers and investors. The new rules also contain improved competitive safeguards to protect against anticompetitive conduct.

To: gtc123 who wrote (927)	1/27/1998 8:52:00 AM
From: James Fink	Read Replies (2) \| Respond to of 2063

Below is the article announcing Bruce Judson's resignation from Time Inc. about ten months ago. This guy seems to be unstable and job-hop very frequently. Maybe CVUS is better without him. -- April 14, 1997 Head of New-Media Unit At Time Inc. Steps Down NEW YORK -- The general manager of Time Inc.'s new-media division resigned without a successor being named. The Time Warner Inc. publishing unit has been striving to chart a profitable course for its new media operations, especially Pathfinder, an umbrella site for Time Inc. magazines on the World Wide Web. With Pathfinder struggling, some of Time Inc.'s individual publications have chafed at the overall new-media strategy, while Time Warner's recent merger with Turner Broadcasting System Inc. has increased the pressure to cut spending. Now comes the departure of Bruce Judson, the division's general manager, less than four months after the resignation of Paul Sagan, who had been president and editor of new media. When Mr. Sagan left, saying that he wanted to spend time with his family, the company named Daniel Okrent to succeed him as editor. But no new president has been named. Norman Pearlstine, Time Warner's editor in chief, took an increased day-to-day role and has been serving as acting president for the new-media operations. Time Inc. didn't immediately name a successor for Mr. Judson either. People familiar with Mr. Judson's departure said a broader reorganization is on the way, and details could be announced as early as this week. Mr. Judson was responsible for business development and reported to Mr. Pearlstine. He said he has no immediate plans but is "having discussions" about Internet-related opportunities. Mr. Judson also said he told Time Inc. several months ago of his plans to leave, but agreed to stay on longer in the wake of Mr. Sagan's departure. "I want to participate in the Internet economy," Mr. Judson said. Pathfinder was among the first Internet outposts from a major media company. But like other such efforts it has struggled to find revenue and create a brand identity as compelling as that of print publications.