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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (32200)	5/9/2001 12:37:48 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 68324

REPORT SHOWS NO SLOWDOWN IN WIRELESS USAGE A recent industry-sponsored survey uncovered some positive data points for the Wireless industry. According to the report, the number of U.S. wireless subscribers rose 28% in 2000, increasing from 86 million to 110 million by the end of last year. In addition, the average call lasted almost three minutes compared to two minutes 38 seconds in 1999. Total Wireless revenues for the July-December period of 2000 were $27.8 billion, as compared to $20.7 billion in the comparable period of 1999. In addition, a decline in roaming revenues highlights the significant expansion of wireless networks in recent years. Roaming revenues for July-December 2000 dropped to $1.91 billion from $2.16 billion in the same period of 1999. COMMENT: Clearly, this data paints a positive backdrop for the Wireless industry. As we’ve noted previously, the industry is simply in an unfavorable cyclical downturn, and the markets have punished Wireless stocks over the past year. The key point is that any problems the industry may have (3G delays, etc…) are short-term, and will correct themselves in due time. Meanwhile, the domestic industry continues to show very strong growth, as evidenced by the figures above.