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To: Bux who wrote (24880)	3/24/1999 10:49:00 PM
From: Ruffian	Respond to of 152472

3G Phone> Semiconductors Systems & Software Design Technology People LG tips 3G phone that transmits images By B.H. Seo EE Times (03/24/99, 5:37 p.m. EDT) SEOUL, South Korea — A synchronous version of a new third-generation wireless phone developed by LG Information and Communication can transmit image data at 384 kbits/second. The mobile phone, which was demonstrated here earlier this month at the Anyang Central Institute, is based on the emerging global International Mobile Telecommunication 2000 (IMT2000) standard. Along with its 384-kbit/s image transmission capability, the phone provided 155-Mbit/s asynchronous transfer mode (ATM) exchanger capability between networks and from central to local offices. LG said its IMT2000 phone also provides multiplexed voice communications using error-resilient video coding along with ATM switching. Image transmission speed is also enhanced using a multi-carrier technique, which combines three channels of 1.25-MHz unit frequency band and is compatible with IS-95 CDMA systems. LG said it plans to add features to the high-speed phone after commercialization of IMT2000 systems begins in earnest in 2002. Such features could include international roaming and compatibility with different networks. LG and other wireless-phone makers are ramping production in anticipation of the launch of competing international standards under the IMT2000 umbrella — synchronous (CDMA-2000) and asynchronous (wide band CDMA). Some observers expect the new wireless spec will embrace both synchronous and asynchronous techniques, rather than rely on single-mode operation.

To: Bux who wrote (24880)	3/24/1999 11:48:00 PM
From: Ruffian	Respond to of 152472

<OT> >>>>>>>>>>>>>>>>>>>>>>>>>>> Top Financial News Wed, 24 Mar 1999, 11:41pm EST Long-Term Capital May Start Paying Off its Banks by June as Money Rolls In Long-Term Capital May Start Paying Off its Banks by June New York, March 24 (Bloomberg) -- Long-Term Capital Management LP is making so much money it may start paying back the 14 banks and securities firms that rescued it six months ago. The Greenwich, Connecticut-based hedge fund, founded by former Salomon Inc. Vice Chairman John Meriwether, may start making the payments by June, people with knowledge of the group's plans said. Details are being hammered out by the six-bank committee that oversees the fund and are scheduled to be presented to the firms in the next two weeks. Goldman Sachs Group Inc., Merrill Lynch & Co., J.P. Morgan & Co. and 11 other firms pumped a total of $3.6 billion into Long- Term Capital in September, after it lost $4 billion. They took a 90 percent stake rather than risk the tremors a total collapse would have sent through global financial markets. The banks contributed $100 million to $300 million apiece for as long as three years. Since then, Long-Term Capital's profits boosted its net assets by about 25 percent to about $5 billion at the end of February from $400 million just before the cash infusion. The key was the recovery in world bond markets after Russia's default in August touched off a rout that decimated the hedge fund. Long- Term Capital had made wagers of more than $125 billion, mostly with borrowed money. At next month's meeting, the oversight committee will outline a blueprint for the fund that may allow Meriwether and his 13 partners, including former Salomon traders Eric Rosenfeld and Lawrence Hilibrand, to start raising money within a year, the people said. A spokesman for the group of banks declined to comment on the committee's plans.

To: Bux who wrote (24880)	3/25/1999
From: stealthy	Read Replies (1) \| Respond to of 152472

Bux- I think your assessment is absolutely right !! Stealthy

To: Bux who wrote (24880)	3/25/1999 12:12:00 AM
From: brian h	Respond to of 152472

Bux, You are right that the Chinese want CDMA. I mean the reformers such as Premier Zhu and President Zhiang. However, those officials do not want to change will fight back real fast if Americans give Premier Zhu a hard time when he visits. The Chinese's internal struggle is fighting as hard as here in US between Republicans and Democrats. Of course, even the reformers want to take every advantage of the current status between ERICY vs. QCOM and US vs. Europe. We will see how it develops. See you guys in a couple of weeks. Best, Brian H.