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Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?

To: Bill Wexler who wrote (7011)	3/3/2000 7:39:00 AM
From: Mark Marcellus	Respond to of 10293

You have to own stocks in this sector. I've already angled in with NOK and CNXT, and I'll be looking for more. If you don't mind paying up, you should check out Sonera (SNRA) if you haven't already. Excellent infrastructure play, but plenty of risk factors are keeping me out of it. What bothers me: - Foreign company, limited information available. (I don't count Nokia in this category, and this may also change with Sonera as they grow) - Until recently a government entity, unclear how well they will handle the transition. - Too dependant on the future of GSM (some would consider this a plus) - I don't know enough about infrastructure, especially in internatonal markets, to give me the confidence to pay up. - The price! On the plus side: - Currently in the sweet spot for infrastructure - They have stakes in country startups (e.g. Turkey) that will pay off huge when and if these things go public. - Strong association with Nokia.

To: Bill Wexler who wrote (7011)	3/4/2000 1:25:00 AM
From: BDR	Respond to of 10293

<<The wireless hysteria is not really hysteria, it is the ramp up of a huge secular trend.>> Agreed. And I also agree that there is a lot of money to be made following that trend, which I suspect will be sustained for several years. I sat out the run up in anything related to the internet a few years ago because I could not comprehend the market. With wireless and broadband infrastructure trends I have a much better feel for the forces behind them. I have only to look at as far as my own DSL connection and the impact it has had on my perception of the internet. I have 10% in cash, 90% in wireless and internet infrastructure and related plays, Greenspan be damned. Some of the activity is bordering on hysteria, at least with regard to fiberoptics. I have come across two mentions now of "investors" running screens on company names or products for "fiber", "optics", and "lasers". They then buy whatever shows up on the list. I have a portfolio that I based on the stocks mentioned on the "Optical Networks and Components, DWDM and Tunable Lasers" thread (http://www.siliconinvestor.com/subject.aspx?subjectid=33390) that I started on 2/18 based on that day's closing prices for most of the entrants. siliconinvestor.com Up 25% in two weeks. Some of the companies have barely anything to do with telecommunications. II-VI makes industrial strength lasers, up 113%. OSIS makes medical and airport X-ray equipment but because they make a line of photo-diodes for use in fiberoptics they are up 48%. I still can't see the run up in biotechs as more than just another of the long series of swings in that sector. Good money to be made there as long as one gets out in time. Oh, and a prediction: GUMM will trade in single digits by the day after the release of earnings for the second quarter if not before. Maybe even the day after the release of earnings for the first quarter, but they may fudge that one. And GUMMers, I still have no position in the stock and I suggest you conserve bandwidth by not responding since I have most of you on "Ignore" by now.

To: Bill Wexler who wrote (7011)	3/4/2000 6:10:00 PM
From: Mark L.	Read Replies (1) \| Respond to of 10293

The wireless hysteria is not really hysteria, it is the ramp up of a huge secular trend. I would appreciate your elaborating on this. I have owned Nokia and Ericcson for a few years, but with the current prices (and the increasing size of the positions) my enthusiasm is waning. The only thing that would bail out these market caps is, as you say, the ramp-up of a huge secular trend. Are you talking about Internet-enabled phones being very important or some other trend? If Internet-enabled phones, what are the killer apps that you see on the horizon? I have not been to Finland nor Korea, where I gather these enabled phones have really caught on. However, looking at the offerings at this year's CES, I was underwhelmed.