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To: BomboochaBoy who wrote (433)4/17/1999 4:08:00 PM
From: Aj-Ruk  Respond to of 1567
 
Douglas: Please tell me I'm not dreaming - 52 billion? Is that US$$$
Oh my.



To: BomboochaBoy who wrote (433)4/17/1999 9:41:00 PM
From: strtrset  Read Replies (1) | Respond to of 1567
 
I did not imply that GCHC would receive $52B-I said they are expected to have revenues of~$500M over a 5 yr. period at current projections. The $50B comes from news reports by Bloomberg, Money Mag. and Business week. It was also carried on telecom news site. These numbers came out prior to Zhu visit. This money will be spent on infrastructure just in the next 2 yrs. China will be adding over 65K miles of fiber optic cable this year alone. These numbers don't come from GCHC propaganda but from the telecom industry news/press releases. GCHC will get a % of these govt. monies but we will have to wait for 10K to see if GCHC addresses this subject.