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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: Lan Jaron who wrote (17363)	3/7/1999 9:08:00 PM
From: t2	Respond to of 74651

Nasdaq futures just shot up to over 12 points---about 20 minutes ago they were up about 3. What is happening? S and P futures up 2.5 All as of 8:00 PM. OF course all these quotes are about 1 hour delayed

To: Lan Jaron who wrote (17363)	3/8/1999 12:39:00 AM
From: Ian Davidson	Read Replies (1) \| Respond to of 74651

Sunday March 7, 11:22 pm Eastern Time FOCUS-Gates to sign China computer deals- sources HONG KONG, March 8 (Reuters) - Microsoft Corp (Nasdaq:MSFT - news) chairman Bill Gates is expected to sign software purchasing deals with computer firms in southern China on Wednesday, sources close to the companies said. ''Microsoft will hold a news conference in Shenzhen on Wednesday with several Chinese computer companies,'' one source said. ''They are expected to sign agreements on software purchases.'' Chinese computer firms, including Legend Holdings Ltd , Stone Electronic Technology Ltd and Founder (Hong Kong) Ltd would attend the meeting. Legend chairman Liu Chuanzhi would meet Gates privately after the conference, the source said. ''A statement is expected after the meeting,'' the source said, adding Gates was expected to leave China shortly after the news conference. Gates is due to announce a ''strategic cooperation plan'' with Hong Kong Telecomunications Ltd in Hong Kong on Tuesday. The South China Morning Post said the two companies would announce an Internet deal to allow computer users to rent software, download films and play interactive games. The joint-venture service, set to be available by the end of this year, is one of the first in the world, the newspaper said. Officials from Microsoft and Hongkong Telecom declined comment. But Hongkong Telecom said last week its chief executive Linus Cheung would co-host a news conference with Gates in Hong Kong at 2:45 p.m. Tuesday (0645 GMT) 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. Users would not need to buy software which can cost thousands of dollars and may only be used a few times. The low cost of individual rental also made piracy less economically attractive. The alliance would help Hongkong Telecom, the territory's leading telecommunications provider, cement its domination of Hong Kong's Internet service provider market -- of which it holds more than 50 percent share -- and move into the still-untapped realm of electronic commerce, the newspaper said. Hongkong Telecom, a unit of Cable and Wireless Plc (quote from Yahoo! UK & Ireland: CW.L), had been searching for new sources of revenue after the recent deregulation of its long-distance phone monoploy. Hongkong Telecom shares rose 6.8 percent to HK$14.95 in morning trading on Monday, after rising 8.9 percent to HK$14.00 last Friday on speculation of a Microsoft alliance. (US$1=HK$7.75)