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Microcap & Penny Stocks : LGOV - Largo Vista Group, Ltd. -- Ignore unavailable to you. Want to Upgrade?

To: SusieQ who wrote (2983)	2/14/1999 8:12:00 PM
From: grw5	Read Replies (1) \| Respond to of 7209

*§§§§§§§ Hâ¶¶ÿ Vâ£ëtìñé tô Åll, {:o) §§§§§§§* Best of luck, George

To: SusieQ who wrote (2983)	2/14/1999 11:35:00 PM
From: jmhollen	Read Replies (1) \| Respond to of 7209

Boy, am I glad LGOV in involved in TELECOMMUNICATIONS..!! ******************************************************** Development Trend of China's Telecommunication Market (Xinhua Electronics News/Xinhua News Agency) BEIJING -- With the establishment of the Ministry of Information Industry earlier this year, China's telecommunication enterprises are expected to make bigger progress and to compete on an equal basis in the market in the years ahead. The new ministry was formed in April 1998 on the basis of the former Ministry of Posts and Telecommunications and the Ministry of Electronics Industry. Its duty is to formulate policies, laws and regulations involving the telecommunications industry and services to allocate the distribution of resources in a rational way, but the newly established ministry will not directly participate in the market operation. This also marks China's determination to separate the functions of the government from those of the enterprises and separate the functions of government officials from those of enterprise executives in the field of telecom. China's telecommunication service market is also expected to gradually open to the outside world when the conditions become mature in the future, according to official sources. The pre-conditions will include the settlement of the issues involving telecommunication legislation and the acceleration of the construction of better infrastructure facilities of telecommunications and information. However, experts here acknowledged that China's vast telecom service market still needs improvement before it can be open to the outside world. For long years, China's telecommunication service market had been under the monopoly of the former Ministry of Posts and Telecommunications, and the equipment remains lagging behind the advanced international level although much progress has been made in the past few years. According to statistics, more than 90% of telecommunications equipment in China were imported over the past decade, and about 80% of the market share of major telecommunication products were occupied by foreign companies. A number of state-owned industrial enterprises with poor technology and equipment had been purchased in recent years by multi-national corporations in the form of joint venture to produce telecom products. China's over 100 telecommunications plants produce several hundred thousand mobile telephones, but only ten of them are able to make cellular mobile telephone equipment. Among these ten companies is one solely funded by foreign investors and eight of them are Sino-foreign joint ventures under foreign domination. According to Chinese experts, the monopoly of telecom services in China has affected the healthy development of Chinese industrial enterprises producing telecom equipment. Chinese experts criticized the former Ministry of Posts and Telecommunications for its focusing only on earning more profits by taking advantage of its status of state monopoly and neglecting the technical competition for improving equipment which needs much more time and energy. As a result, China-made telecom equipment is losing the domestic market to the foreign producers. As the world is entering the society of information, all countries and regions have attached importance to the development of telecommunications market. The establishment of the new Ministry of Information Industry by merging the former Ministry of Posts and Telecommunications and the former Ministry of Electronics Industry will help promote the progress both in telecom industry and services. China has listed the telecommunications into one of its key infrastructural industries and plans to boost the industry's fixed assets up to 500 billion yuan by the end of this century. The new ministry will spare no efforts to implement the plan for development and eliminate the monopoly in telecom services for fair competition in the market. China's telecommunications market developed swiftly in 1997, paving the way for this year's rapid growth and even higher rate of growth is expected in the future. According to a forecast, China will add telephone subscribers by 20 million this year bringing the total number up to more than 100 million averaging 9.7 telephones for every 100 people. China's volume of telephone service is expected to rank second in the world in the near future. The market needs for pager this year will be four million, up 60% over 1997. The rate of growth is lower than last year's 150% over 1996. There were more than 12 million mobile telephone subscribers last year. The number has expanded by an average of 900,000 a month this year, and the GSM digital mobile phone network will open automatic roaming service to another 15 foreign countries and regions this year thus extending its coverage to 37 countries and regions in the world. The satellite communications market is expected to make new breakthrough this year. On February 24, the fourth stage of the domestic satellite communications station and the expansion of the station's circuits under the former Ministry of Posts and Telecommunications opened to service marking the completion of the digital satellite communications network which covers all major cities in the country. **************************************************** Boy, am I glad LGOV is into INTERNET stuff in China..!! ****************************************************** The number of computer internet subscribers is expected to go up rapidly this year on the basis of 160,000 in 1997; and the number of digital telecommunications subscribers and multi-media subscribers will increase by 400,000 this year, double last year's figure.