To: Rupert who wrote (90 ) 11/19/1999 2:56:00 PM From: Rusty Johnson Read Replies (2) | Respond to
Speaking of wireless ... "ON A RIP. Wireless-service providers around the world are riding the same wave. Hikari Tsushin, which markets cellular service in Japan, is on a rip (page 150). And NTT DoCoMo, the wireless subsidiary of Japanese telecom giant Nippon Telegraph & Telephone Corp., is so successful that its market capitalization now exceeds that of its century-old parent. One reason for the stock surge is DoCoMo's popular i-Mode wireless Net service, which lets cellular users grab information from Web sites. By the end of this year, DoCoMo's iMode subscribers are expected to top 4 million. Meanwhile, Nextel Communications in Reston, Va., has boosted its number of subscribers 68% this year by selling phones that combine cellular and walkie-talkie features. And there's more growth ahead: ING Barings analyst Peter C. Friedland figures that Nextel's revenues will climb 45% in 2000, to $4.6 billion. 'Investors are increasingly perceiving wireless as an Internet play,' says Sean Butson, an equity analyst at Legg Mason Wood Walker Inc. in Baltimore. Credit the emergence of wireless Net-access gizmos such as the 3Com Corp. Palm VII and the new Sprint phones that can snatch flight schedules, stock quotes, and such off the Web. Adding data capabilities to cell phones can increase subscriber revenues--a big boost in an industry prone to relentless downward price pressure. The prospect of new users and revenue streams has lifted wireless stocks by 80% this year, making them the fastest-growing sector of the S&P 500." Software.com ... catch the wave ... surf the wave ... BE the wave.
