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To: Keith Feral who wrote (94177)	2/22/2001 8:21:12 AM
From: LarsA	Respond to of 152472

Keith, very good post. Let's all wake up and smell the coffee. eom.

To: Keith Feral who wrote (94177)	2/22/2001 8:28:41 AM
From: limtex	Read Replies (2) \| Respond to of 152472

KF - There appear to be growing concerns about the ability of some the big Euro telcos to raise even more cash to shore up their balance sheets. As the recession deepens it is bound to hit Europe. It is only a matter of time. There is now doubt being expressed about the pricing of BT's wireless spin-off. It seems incredible that the major euro telcos could have got into this position but they are carrying quite big debt on their balance sheets and going into a full blown recession or what looks increasinly likely to be a good deal worse, borrowing even more may not be an option. We are not in normal times. There is a selling panic in full swing and this morning we've got Turkey and next week who knows what. This kind of environment has produce a risk reward ratio that is all wrong. You cna't expect peoplle to invest in anything except US treasuries when you get an announcement about earnings after hours that can cut your investment in half or by a third. That isn't even gambling any more since there is no tangible upside if they do very well al la NTAP. Who wants odds like thart and so as long as it continues people will be geting out as they clearly are no a daily basis w-cdma or not. Best regards, L

To: Keith Feral who wrote (94177)	2/22/2001 6:17:16 PM
From: S100	Respond to of 152472

"It is irresponsible" Here is more of that. Half of 3G firms will go bust within a year Fifty per cent of companies exhibiting at this year's 3GSM World Congress in Cannes will go bust in the next 12 months, and those most at risk are the wireless content providers. This prediction comes from Olav Ostin, UK managing director of global venture capital firm ETF Group. Despite the recent shake up of global tech stocks and the demise of many dot-coms, companies at the mobile conference on the Cote d'Azur this week are still showing confidence in their business strategies. However, Ostin predicted that this confidence won't last. He argued that three quarters of the start-ups in the wireless space will run out of money by the end of the year, and only one quarter of them will find further funding. Ostin said: "Fifty per cent of companies here are going to close down because the market is fundamentally delayed. Companies have spent over £50,000 to be here but have no revenue, and they have no revenue because there is no consumer." Ostin laid the blame for the delay firmly at the feet of the handset manufacturers who have failed to bring out GPRS handsets: "We have the 2G networks ready but can't do anything with them." His sentiment was echoed yesterday by Hans Snook, former CEO of Orange, who also accused handset manufacturers of holding back development of mobile internet services. However, Nokia, which plans to introduce its GPRS handsets "probably" in the third quarter of this year, denied it was suppressing the market. Tomi Ahomen, head of 3G business consultancy at Nokia, argued: "Nokia runs its handset business as a mass market operation - we are waiting for the optimum launch time." When pushed, he admitted that there were engineering complications with the handsets, he even suggested that the roll-out of UMTS handsets would experience a similar delay. "Developing GPRS handsets is very complex and it will be the same with 3G - but we have to build the network first," Ahomen said. Ericsson, who recently announced it plans to outsource all its handset manufacturing, declined to comment. For related news and opinion, see: Branson and Snook outline 3G business models www.silicon.com/a42849 IT chiefs won't pay 3G premiums www.silicon.com/a42815 GPRS: Not everybody's cup of 3G www.silicon.com/a42610 Lisa Burroughes