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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting -- Ignore unavailable to you. Want to Upgrade?

To: gdichaz who wrote (7488)	2/18/2001 8:06:43 PM
From: kech	Read Replies (1) \| Respond to of 197244

Mildly interesting statement by Abbey Joseph Cohen about 3G auctions in Europe vs. US. I wonder if she knows the whole story? Same old line: "It is a technology where Europe is more advanced than the United States. " Q IR has got to do something about this. But Ms Cohen still sees cause for concern for telecommunications shares, which have taken a battering this week after Orange's disappointing flotation on Monday. There has been concern about the huge amounts paid by European mobile phone operators for licences to run third-generation networks. It is a technology where Europe is more advanced than the United States. "I'm happy that that the US is behind Europe in the award of mobile licences," says Ms Cohen. "This was one area where it was good not to be on the leading edge of technology." But overall the Goldman Sachs strategist thinks this year could be a bright one for investors. "1999 was unsustainably strong. 2000 saw the correction. In 2001 we'll get a normal trend rate of growth."