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Technology Stocks : Ericsson overlook?
ERIC 9.655-1.4%3:59 PM EST
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To: Jim Oravetz who wrote (4981)4/2/2002 12:56:05 PM
From: slacker711  Read Replies (1) of 5390
 
Now that most wealthy Chinese have a handset, the two biggest mobile-phone operators in China are holding down costs so they can cut subscription rates and attract less-affluent customers.

Typical journalism....while this might eventually be true, he left out the fact that January and February new sub numbers from China were very strong. The benchmark for new sub growth in China seems to be about 5 million a month....and both months exceeded that number. I hate it when journalists dont put facts in their article that disagree with their thesis.

If China adds 60 million subs this year, those capex numbers are going to have to go back up.

Slacker
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