KEEPING HIS OPTIONS OPEN
Wu Ying, head of UTSTarcom's China operations and company co-founder, boasted of his firm's growth prospects while attending a telecommunications conference in Beijing this week. A reporter duly asked him if that was so, why had he and other UTSTarcom executives been selling their shares in the company?
Mr Wu said one of the secrets of the firm's success was low operation costs, which included a policy of economy class-only flights. By selling his shares, Mr Wu could afford to upgrade to business class.
bathed in privacy
Reporters found it curious that City Telecom's booth at the Filmart trade show contains a mock bathroom complete with a television.
It got a little bit weirder when chairman Ricky Wong Wai-kay posed for a series of photos in the 'bathroom'. Reporters watching the shoot didn't get the significance until it was finally articulated by a City Telecom employee.
