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To: Sarmad Y. Hermiz who wrote (44399)3/7/1999 5:01:00 PM
From: Rob S.  Respond to of 164684
 
Agree. I think there is a good chance that it will move up. As the rest of the market rises, the fear of owning some of the more speculative stocks will drop. I think this is the run up before a further decline. Once tax refunds and other inputs into the equity flow is over, the market will drop some. The more speculative issues will drop a lot but some cyclicals and stocks that have been ignored will do relatively well. Many of the true blue companies will do well but the secondary stocks will do better over the next 1-2 years, IMO. The Internet sector will get harder to play - fewer guarantees that about anything you buy will get bid up.



To: Sarmad Y. Hermiz who wrote (44399)3/7/1999 7:55:00 PM
From: Glenn D. Rudolph  Respond to of 164684
 
Microsoft-HK Tel to provide software rental-paper
HONG KONG, March 8 (Reuters) - Microsoft Corp <MSFT.O> and
Hong Kong Telecommunications Ltd <0008.HK> will announce an
Internet deal on Tuesday to allow computer users to rent
software and download films, a Hong Kong newspaper said on
Monday.
The joint-venture service, set to be available by the end
of this year, is one of the first in the world and will put
Hong Kong at the forefront of the convergence of the television
and the computer, the South China Morning Post said.
Officials from Microsoft and Hongkong Telecom were not
immediately available for comment.
But Hongkong Telecom said last week its chief executive
Linus Cheung would co-host a news conference with Microsoft
chairman and chief executive officer Bill Gates in Hong Kong
atn 2:45 p.m. local Tuesday (0645 GMT/1:45 a.m. EST) on a
"strategic cooperation plan." It gave no further details.
According to the newspaper, the new service would allow
users to rent a wide range of software from Hongkong Telecom's
computer at low cost for one-time use, the newspaper said
without naming any sources.
Applications such as Microsoft Word could be downloaded
almost as quickly as if the software was on the home computer's
hard drive, it said.
Users would not need to buy software which can cost
thousands of (Hong Kong) dollars and may only be used a few
times. The low cost of individual rental also made piracy less
economically attractive.
The newspaper said the alliance would help Hongkong
Telecom, the territory's leading telecommunications provider,
cement its domination of the Internet service provider market
in Hong Kong, of which it holds more than 50 percent of the
market share and move into the still-untapped realm of
electronic commerce.
Hongkong Telecom, which is a unit of Cable and Wireless Plc
<CW.L>, had been searching for new sources of revenue after the
recent deregulation of its long-distance phone monoploy, the
Post said.
Shares of Hongkong Telecom rose 8.9 percent to HK$14 on
rumours of the alliance with Microsoft.
(HK$7.8 = US$1)
2843 6441; Fax (852) 2845 0636