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Technology Stocks : Vimpel Comm (VIP) ADR's of the Russian Cellular Phone Co. -- Ignore unavailable to you. Want to Upgrade?

To: Z Analyzer who wrote (120)	10/10/1998 11:33:00 AM
From: TokyoMex	Respond to of 283

I don't see much difference here ,,between VIP and CHL ,, CHL - CHINA TELECOM (H KONG) LTD ADS Exchange: NYSE comp Delay: at least 20 minutes Last Price: 35 1/4 at 16:02 EDT Change: Up 3 1/8 (+9.73%) High: 35 1/4 at 16:02 EDT Low: 33 5/16 at 9:30 EDT Open: 33 5/16 Previous Close: 32 1/8 on 10/8 Volume: 210,200 30-Day Avg. Volume: 176,000 Shares Outstanding: 11,780,788,000 52-Week High: 42 3/4 52-Week Low: 22.06 Beta: Not Available Yield: Nil P/E Ratio: 26.31 EPS: 1.34 Currency Units: S&P Comstock

To: Z Analyzer who wrote (120)	10/10/1998 12:23:00 PM
From: M. Frank Greiffenstein	Read Replies (1) \| Respond to of 283

PermaBear issue... ZA, it is no secret that Fleck is a tech bear and has been such a bear for the last 2-3 years. He runs a anti-tech hedge fund out of Seattle, and he has done very well this year. I have one minor disagreement: Fleck is not a permabear. He touted tech stocks loudly when nobody was touching them with a 10 foot pole back in 1990. He just grew sour on them in 1994, just before the 8 month flattening of tech issues. He rode the next wave up in 1995, but he became bearish again in 1996. I think the truth is that he has been bullish on tech stocks more often than not. He gets his reputation as a permabear only because he was so spectacularly wrong about tech from 1996 through the first half of 1998. Who could have guessed that stocks like YHOO would trade at 90 times sales?? Who could have guessed that DELL would be valued like a monopoly, as if no other boxmaker existed? With respect to Japan "holding all the cards", Fleck is right. Their bigger problem is making banks solvent. They need to repatriate cash quickly. They have been doing this in Asia, but they don't have enough money there to solve their problems. The only answer is the US. DocStone