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Technology Stocks : PWAV- the hot new IPO
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To: Tuan Phan who wrote (544)1/11/1998 11:53:00 PM
From: Mike Winn  Read Replies (1) of 1491
 
Hi Tuan,

I think your estimate has flaws. You're assuming that all sectors of the Korean economy will grow at 2.3% this year. This is not true. I think 2.3% is the growth rate of the entire Korean economy which includes automobiles, steel, ship building, electronics, etc. I think the Korean cell phone industry will grow at a faster pace than the rest of the economy but I don't know how much.

Mike.
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