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Microcap & Penny Stocks : Xin Net Technologies - BB: XNET - The Next Internet Stock? -- Ignore unavailable to you. Want to Upgrade?

To: Curious George who wrote (712)	4/2/1999 9:18:00 AM
From: Sophia Ashley	Respond to of 1593

Any ideas of what the impact on XNET will be:Daley Says China To Introduce CDMA Nationwide By Michael Kramer GUANGZHOU, China (Reuters) - U.S. Commerce Secretary William Daley said Thursday China planned to adopt the U.S. mobile telephone standard nationwide alongside technology popular in Europe. ''During our meeting, Minister Wu confirmed the news of what we heard from Premier Zhu (Rongji) and State Councilor Wu (Yi) regarding CDMA,'' Daley told American businessmen. The CDMA (Code Division Multiple Access) standard is now limited to trials in four Chinese cities, while the rest of China operates on the European GSM (Global System for Mobile Communications) standard. ''China will allow companies to introduce CDMA networks across China,'' he said after talks with Minister of Information Industry Wu Jichuan. ''As you know, U.S. companies are market leaders in the development of this field in which they see great opportunities,'' Daley told the American Chamber of Commerce in this southern Chinese city. A concession on CDMA could help China's bid to join the World Trade Organization and could prove lucrative to U.S. companies such as Motorola Inc. (NYSE:MOT - news) and Lucent Technologies Inc. (NYSE:LU - news) Ericsson, which acquired the CDMA equipment division of San Diego-based Qualcomm Inc. (Nasdaq:QCOM - news) last week, was also in talks, analysts said. ''He (Wu) was very emphatic to us that this should occur sooner rather than later,'' Daley told a news conference later Thursday. ''But he did not give a timetable.'' Wednesday, Liu Zhenyuan, director and chief Shanghai representative of China Unicom, told Reuters the small state-owned telecom firm planned to buy a five million subscriber CDMA mobile phone network from mainly U.S. companies later this year. An agreement on the new network would be formally announced during Premier Zhu Rongji's visit to the United States next week, Liu said. Zhu has backed CDMA as part of his efforts to spur competition in an industry dominated by state-owned China Telecom. China Unicom was set up originally to challenge the giant China Telecom, but it has struggled to find patronage in the powerful Ministry of Information Industry. Liu said it was still undecided which companies would be selected to build the CDMA network. Wu told the opening of a Sino-U.S. telecommunications conference in Guangzhou that China planned to issue key rules by July to help shape future competition in its state-owned telecommunications sector. The regulations are seen as laying the foundation for a national Telecommunications Act which would govern the rules of competition and government oversight in the booming industry. He gave no details on the substance of the regulations, which are the object of hot debate among Beijing's leadership. A major issue is over whether to cancel the MII's direct stake in China's virtual monopoly, China Telecom, and hand it a strictly regulatory role along the lines of the U.S. Federal Communications Commission, Western industry analysts said.

To: Curious George who wrote (712)	4/2/1999 9:29:00 AM
From: Robert Bolton	Respond to of 1593

From my understanding the confusion is over another stock with same letters called Excellent. Not the same stock but perhaps someone more knowledgeable will explain better. Roberta

To: Curious George who wrote (712)	4/2/1999 10:56:00 AM
From: FFNEODOC	Read Replies (1) \| Respond to of 1593

George & Other Newbies; XNET Symbol Confusion!!!! The Symbol XNET prior to 7/98 was owned by a Co. called Xcellenet (NASDAQ) that was bought out by Sterling Commerce in 7/98. This freed up the XNET symbol which was taken over by Xin Net (OTCBB) in 8/98. The 2 companies are not related at all. The symbol identity causes confusion with some Financial Servers (most notably Quicken.com) such that it reports out information on Xcellenet as if it belonged to Xin Net. Big charts ( bigcharts.com )gives you the choice to chart info on either Xin Net or Xcellenet when you enter the XNET ticker symbol. The all time high for Xin Net prior to 2/99 was $1.08 I've done extensive DD on this company & you could do a search for my posts if you want a quicker overview of the company, of course you'll get my bias, but I've tried to be as impartial as I can. I Hold a significant long position because I am a believer in this company & it's management. Placer Technologies is the old name of Xin Net... This announcement about Infornet aquisition was published on Mar. 3, 1998. Please read below: Company Press Releases Mar. 3, 1998 - Placer Technologies announced the acquisition of Infornet Investment Corp. RIVERSIDE, Calif., March 3 /PRNewswire/ -- Placer Technologies, Inc. (symbol: PCRT) announces the acquisition of Infornet Investment Corp., which has a joint venture agreement with Xin Hai Technology Development Ltd., a Beijing, China based Internet corporation, in exchange for 5,000,000 common shares of Placer Technologies. Xin Hai has a license in China to provide Internet access services and products including World Wide Web server hosting and integration services, client software and security products, training and network integration, as well as consulting services to the Chinese market. In order to oversee and manage the Company's Chinese operations, Placer Technologies announces the appointment of three new directors. Joining the Board will be Mr. Ernest K. Cheung, MBA, Ms. Xiao Qing Du, MSc, and Dr. Jing Liang, Phd. To fund the expansion of the Company's business in China and to provide for additional working capital, Placer Technologies announces a private placement funding for $750,000 through a 504 Registration authorizing 1,875,000 shares at $0.40 per share. While worldwide usage of Internet market is still in its infancy in China, Compared to around 28 million worldwide users of the Internet, up from 1 million at the end of 1995, there are only around 40,000 to 60,000 users in China according to Morgan Stanley. Over the next four years, Morgan Stanley expects annual growth in Chinese Internet use to exceed 50% per year. With PC sales in China nearing 2 million units annually, the Chinese computer market is already the seventh largest in the world and growing fast. Contact: Dave Gamache for Placer Technologies, 909-359-6968/PCRT