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To: samim anbarcioglu who wrote (94835)	2/28/2001 1:57:49 PM
From: Stu R	Respond to of 152472

"According to analysts at Wit SoundView in a February 12th report, the mobile phone industry is experiencing the negative effects of oversupply. In order to stimulate demand, handset manufacturers have laid off workers, left factories idle, and implemented price reductions. In response to guidance, analysts at Wit SoundView have lowered Handset forecasts for 2001 from 545 million to 509 million. Analysts at Wit SoundView perceive General Packet Radio Service (GPRS) technology as the catalyst for increases in the replacement market (upgrades, churn, lost and damaged phones). Replacements have grown from 40% of the handset market in 1999 to about 44% in 2000, and analysts at Wit SoundView expect the percentage to reach 49% in 2001. GPRS technology brings faster always-on connections and new Internet services to millions of users. The positive impact of GPRS on telecommunications has not been matched since the initial launch of digital voice and the Global System for Mobile Telecommunications (GSM) in the early 1990's." my.zacks.com Not sure if posted before. Stu

To: samim anbarcioglu who wrote (94835)	2/28/2001 2:00:27 PM
From: Sawtooth	Respond to of 152472

<<Please,somebody please explain to me why less wealth is better than more wealth>> I think part of the issue is what is real monetary wealth. Seems like many people were spending or borrowing against unrealized stock market profits. Then the paper wealth vanished. It was unrealized wealth. I'll plead guilty to being much looser than usual with my money last year due to my fabulous (but unrealized) stock market gains. Thankfully, I'm naturally a little on the conservative side so things didn't get out of hand. My tax accountant tells me the number of clients he has who took large gains in 2000 but now are scraping to pull the coins together to pay the tax bill is staggering. They were counting on paying out of their then unrealized gains by selling in 2001. Now, many of their holdings are below their basis so they'll have to carve into their capital to cover their tax bill. ........VVVVVVVVVVV

To: samim anbarcioglu who wrote (94835)	2/28/2001 2:02:36 PM
From: Ibexx	Respond to of 152472

Samim, Please note that I am not a believer of the "so-called excessive "wealth factor". AG and his governors failed to understand fully that the US economic expansion occuring in late 90s was a direct result of information revolution, and "growth" is not necessarily correlated to rate of inflation. Fed should be more open in communicating the parameters they use in gauging growth or recession, as well as the weighting of each component. It wouldn't surprise me that they are still relying heavily on the traditional parameters measuring a manufacturing-based economy (ie. unemployment and labor cost etc) most relevant a few decade ago. Ibexx PS: I signed the letter of petition (to AG) provided by a poster on this thread.