Ann: Appendix 2A, page-17

Well of course I don't like what you have to say H, but I as much as I believe this will do something eventually, it does bother me that every big announcement amounts to no money in the bank.

For instance, in the middle of the year JT announced that 10,000 sales people would start selling bundled packages for China Telecom which included NET product. I believe he said that would happen in July. 10,000 sales people!!! That is a lot of sales people.

And now we are waiting until the end of the next quarter because sales are only starting in January???

It reminds me of when NET was IWG and they announced they had 800,000 'end-users' - very exciting announcement! We didn't know then that those 'end-users' must have been getting it for free because there was no money in the bank. Maybe all the China Telecom customers are getting it for free, or else they have the worst sales people in the world and China Telecom should be very worried about its own future.

We wait..........