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Technology Stocks : Nokia (NOK)
NOK 6.970+2.0%Nov 10 3:59 PM EST
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To: Bux who wrote (2833)11/24/1999 12:41:00 PM
From: tero kuittinen  Read Replies (2) of 34857
 
Why don't you read my original post:

Message 12043521

That projection for 40 million *capacity* dates from last summer, before Unicom went on their GSM investment binge and spinned fiscally out of control. And that pie-in-the-sky number stays intact even as Unicom's short-term projections go out the window. As they always do.

Have any of Unicom's earlier projections ever come true? No. This is one of the rarest of phenomena - a mobile operator which has consistently missed all of their own subscriber targets. You talk about "the latest news" as if Unicom itself had given any press releases about their actual financing and purchase plans. And as if this company really had the luxury to project over-all Chinese subscription growth after being flattened in the market place by China Telecom in recent years.

We have a roughly two-year CDMA and GSM subscription growth track records from Hong Kong, Singapore and Shanghai. It's not like there's even a dent in the GSM growth rates in these regions that are the closest existing working model for the overall mainland Chinese mobile market. So you bet I have a beef with people who ignore things like real-world track records and insist that the most unrealistic projections made by the most unreliable sources should be trated as "the latest news".

Tero

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