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Technology Stocks : Ericsson overlook?

ERIC 9.350

-1.6%

1:55 PM EST

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To: Mika Kukkanen who wrote (4725)	5/16/2001 11:53:43 AM
From: Eric L	Read Replies (1) of 5390

<< at first glance it me makes the deal for me a "so what?" >> Only a "so what?" if you compare it to China Mobile's plans: >> Billions to be spent on GPRS in China UK Cellular News 16th May 2001 China Mobile has said that it plans to spend US$16.3 billion over the next three years upgrading its GSM network. The bulk of the investment will be used to upgrade the network to GPRS. "We expected to launch GPRS in the first quarter in Guangdong, but it was postponed due to technical reasons," Li Zhen Qun, vice chairman and COO of China Mobile told an investment meeting, adding "But in the second half of 2001, GPRS will be put into operation,". The company plans to spend US$5.5 billion this year and US$5.4 billion in each of the following two years. Most of the investment will be funded from internal resources and not debt or a share offering << * 2001 - US$5.5 billion * 2002 - US$5.4 billion * 2003 - US$5.4 billion Total = US$16.3 billion In that same time frame "China Unicom said in March it planned to spend US$8.45 billion in total on its CDMA network over three years". "so what?" <g> - Eric -

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