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Strategies & Market Trends : The Amateur Traders Corner

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To: Tom Hua who started this subject	1/11/2002 12:40:22 AM
From: Frederick Langford	Read Replies (1) of 19633

<> Wireless Sector Sends a Staticky Signal This was supposed to be the year of convergence for mobile phones, when high-speed wireless telephone networks powered new generations of data-friendly handsets. Instead, it's turned into hunting season on wireless stocks. It seemed a reasonable concept: After a dismal 2001, consumers would finally go out and buy handsets as Nokia (NOK:NYSE ADR), Motorola (MOT:NYSE)and Ericsson (ERICY:Nasdaq ADR) revamped their lines and pushed next-generation data-capable mobile phones. Nine days into the new year, however, that theory was debunked by high-profile Wall Street skepticism about current projections for mobile-phone sales and capital spending budgets, and indications that the holiday season was a poor one for carriers. Barring an unlikely second-half rebound, 2002 could turn out results similar to glum 2001. Nokia was adding 0.20 (+0.87%) to 23.12. From: TheStreet.com Fred

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