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To: steve harmon - analyst who wrote (302)	2/20/1999 5:51:00 AM
From: ChinuSFO	Respond to of 4337

Steve, what do you think is the potential for Internet gambling stocks? For some reason, those stocks have not caught the fire yet. Do you think they will ever do that? Are "Rules", "Legislation" etc. etc. standing in their way? Chinmoy

To: steve harmon - analyst who wrote (302)	2/20/1999 10:52:00 AM
From: LABMAN	Read Replies (2) \| Respond to of 4337

steve, rumours circulating E-trade may be a takeover candidate, what is your opinion. lm

To: steve harmon - analyst who wrote (302)	2/20/1999 1:57:00 PM
From: RocketMan	Respond to of 4337

the market lacks conviction Steve, it seems to me that the only "conviction" is coming from the day traders. Have you seen the stock churn numbers from this month's smart money magazine? Message 7922814

To: steve harmon - analyst who wrote (302)	3/2/1999 12:49:00 AM
From: chirodoc	Respond to of 4337

steve, who will benefit from this? what company will cash in? March 2 1999 Beijing to boost great leap online By James Harding in Shanghai China yesterday moved to encourage millions more people to connect to the internet by halving the charges on data transmission lines and offering free installation of a second telephone line in Chinese homes. The measures are likely to accelerate what is already being called China's great leap online, as industry analysts forecast the number of internet users to multiply from just over 2m today to more than 10m in 2000. Beijing's decision to reduce the costs of internet access was part of a package of price cuts intended to deflect mounting public criticism over high telephone rates and low-quality service from China Telecom, the de facto state telecommunications monopoly. The Ministry of Information Industry (MII) cut fees for internet use by 50 per cent, reduced international phone charges to many parts of the world by nearly 20 per cent and slashed the cost of domestic telephone line installation for some urban residents by more than 70 per cent, as well as offering free installation of second telephone lines. Ministry officials were quoted as saying that the adjustments "were the result of increasing complaints from consumers". The MII and China Telecom have been the targets of unusually forthright criticism in the state-owned media in recent months, as business groups and academics who see the internet as an essential tool for the development of China's "knowledge economy" have protested that they cannot afford to pay the government-set rates to get online. Duncan Clarke, a Shanghai-based telecoms analyst, said the sweeping price cuts would foster the growth of China's internet industry. But, he said, the measures intended to appease dissatisfaction in the market did not address the fundamental problems of the near-monopoly enjoyed by China Telecom: "Beijing is trying to introduce the results of competition in the telecoms industry without introducing the competition." Wu Jichuan, the MII minister, acknowledged last month that it was "necessary to cut prices to allow consumers to benefit from the advantages of advanced technologies and products". China also announced that it would raise postage rates by 20-60 per cent in order to end the practice of having lucrative telecommunications services subsidise loss-making postal operations, the official Xinhua news agency said. The number of telephone and mobile telephone users, including the 28.3m new subscribers last year, has reached 110m people, just less than 10 per cent of China's population. The number of Chinese mobile phone users was 25m people by the end of last year