Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (26427)	4/7/1999 5:27:00 PM
From: John Dough	Respond to of 152472

The Q never got down to 128-1/2 today. I was watching the 1-day chart on Yahoo. It appears that some market maker accidentally entered a trade as 128-1/2 instead of 138-1/2. When bdog said that the stock was down 17-1/2 at 3:36pm (post #26417), it was really down only 7-1/2. That must be when the erroneous trade was entered. The low of 130 is correct. Regards Mark

To: Maurice Winn who wrote (26427)	4/7/1999 5:49:00 PM
From: Eric L	Respond to of 152472

<< ... post VERY brief >> Remember, its "Paper Money". Take your time. Compose a VERY long post. Give us a tactical Action Plan (TAP) for tomorrow. We'll all read it when we come back from "Happy Hour" which, BTW, started here (just south of the Liberty Bell), 45 minutes ago, said He from his wireless laptop. I LOVE this "Wired" World! May I propose a toast to NZ ... and the success of CDMA there? - Eric -

To: Maurice Winn who wrote (26427)	4/7/1999 6:20:00 PM
From: limtex	Read Replies (2) \| Respond to of 152472

MW and old timers - how about having SI charge a serious monthly fee and for posters to get a stock deal of some kind? The point would be to get much more concentrated product and cut out nuisance posters? Regards, L

To: Maurice Winn who wrote (26427)	4/7/1999 7:17:00 PM
From: Jon Koplik	Respond to of 152472

WSJ article (from tomorrow's edition, I guess) on China Telecom. April 8, 1999 China Telecom to Be Split Into Four Parts In Long-Awaited Move to Break Monopoly An INTERACTIVE JOURNAL News Roundup BEIJING -- China Wednesday announced the breakup of the government's powerful telecommunications monopoly into four companies to try to inject competition into the rapidly growing industry. The long-awaited decision on the dismemberment of China Telecom comes as U.S. and Chinese negotiators held down-to-the-wire talks in Washington on China's bid to join the World Trade Organization. Access to the $28 billion telecommunications sector, 95% of which is controlled by China Telecom, has become a deal breaker. China Telecom will be divided into four companies each specializing in a separate service: fixed telephone, mobile communications, paging and satellite telecommunications, the Ministry of Information Industry, which regulates the sector, said in a statement. "The breaking up of China Telecom is aimed at smashing the telecommunications monopoly in China and introducing competition to set up a fair and orderly market," Minister of Information Industry Wu Jichuan said in the statement, carried by the state-run Xinhua News Agency. According to negotiators, China proposed lifting its ban on foreign investment in telephone companies before Premier Zhu Rongji set out for his U.S. visit this week. Foreigners would be allowed a 35% stake in phone companies, although U.S. negotiators are still pushing for 51%. Such a move would reverse a policy that largely excluded foreign participation to equipment sales. In the past, some companies such as Sprint Corp. evaded the ban on foreign investment by setting up complicated joint ventures that allowed them effective control, a gray-area investment that was technically illegal but tolerated by investment-hungry officials. China proposes that such deals wouldn't be allowed in the future but that existing ventures would be protected, although foreign companies would probably have to reduce their stakes to 35%. Mr. Zhu has also told Western negotiators that "buy local" orders have been rescinded and that China will adhere to the International Telecom Agreement by 2005, which calls for ending import tariffs on telecom equipment. On Wednesday, Xinhua quoted Mr. Wu as saying that China will introduce foreign capital to the telecommunications sector, but "in an active and steady manner." The Xinhua report gave no time frame for the China Telecom breakup. Mr. Wu said new regulations for the telecommunications sector would be put in place in the first half of the year. He added that his ministry is drafting a law that will replace the regulations. However, Zhou Qiren, a professor at Peking University who tracks the industry, said the break-up of China Telecom won't introduce immediate competition to the sector since each of the four free-standing companies dwarf all viable competitors. But Mr. Zhou said the government may start permitting Chinese-foreign joint ventures as part of efforts to liberalize the industry and gain entry into the WTO. "It could become the legal partnership structure," Mr. Zhou said. Chinese Premier Zhu is in the U.S. trying to improve China's chances for membership with market-opening concessions in agriculture, financial services and also telecommunications. Mr. Zhu indicated last week that China would open a new mobile phone technology, code digital multiple access, to foreign investment, but no plans have been formally announced. Copyright © 1999 Dow Jones & Company, Inc. All Rights Reserved.