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To: John Hunt who wrote (27808)	2/6/1999 6:15:00 AM
From: John Hunt	Respond to of 116837

Third IPO near collapse (China) << Hong Kong's third initial public offering of the year was close to collapse yesterday as investors shunned shares in Shandong International Power Development (SIPD), according to the issue's underwriters. Attempts by mainland-linked companies Heilongjiang Agriculture and Zhujiang Steel Pipe to float in Hong Kong earlier this year also failed, calling into question the SAR's role as a capital-raising centre for mainland firms. Underwriters yesterday confirmed SIPD's issue had been poorly received, with none of the underwriting syndicates, excluding sponsor Goldman Sachs (Asia), receiving a single order for its international tranche as of yesterday. They believed only a handful of orders were received for the public tranche. -- cont'd -- >> scmp.com Even the mighty Goldman Sachs can't push China's stuff any more ... Guess they should have flogged it in the US after calling it 'ShandongInternationalPowerDevelopment.com'. :-))

To: John Hunt who wrote (27808)	2/6/1999 6:17:00 AM
From: Bobby Yellin	Read Replies (1) \| Respond to of 116837

Hi John I might be way offbase..(I am one of those dinasaur mainframe assembly programmers who didn't have to worry about space and didn't have to put in a smaller date field)..but have you read any articles about Year2000 and how many major corporations are already entering data beyond year two thousand..ie credit cards,mortgages,insurance companies,banking here etc..have you read how many companies have already put in new systems with new equipment to bystep the problem? have you read any articles about embedded chips that are standalones so won't gum up any systems? How much corporate america has already spent in remediation? ps I still wouldn't take an airplane ride at the first of next year though..just in case.. bobby (ps I figure you are the expert since I can't imagine how many articles you have read by now..) (I think when gold moves big time it won't be because of year2000-)