China Telecom rises 2.7% Goldman Sachs material is limited

China Telecom, which admits it is working on a preliminary approach to the introduction of BlackBerry handsets in China, Gaokaigao the rally this morning, rising 2.65% to HK $3.88 and trading 69.27 million shares.　　Goldman Sachs issued a report saying it maintained its neutral rating, with a target price of HK $3.7, at a discount of 5% on market prices.　　Goldman Sachs means that China Telecom's possible introduction of a CDMA-based BlackBerry on the mainland is good news, but it will not change the competitive landscape; China Telecom and RIM are not surprised because China Telecom is a high-end enterprise with CDMA as its main market, and BlackBerry has been successful in other segments of the world. Goldman Sachs also said the potential launch of the BlackBerry would only enrich the product line without making a difference, since China Mobile (00941-HK) has launched a gsm/gprs/edge-based BlackBerry; In addition, the BlackBerry's appeal is relatively narrow, only for business/ Enterprise users these segments are often