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

To: foundation who wrote (11834)	6/20/2001 7:25:08 AM
From: foundation	Respond to of 196656

Asian Vendors Fill Western Void June 19, 2001 Source: Grahame Lynch, Singapore In the wake of record losses, major North American and European telecom companies are cutting their discretionary expenditure--and international trade shows are among the first to suffer. This week's Communicasia exhibition in Singapore is no exception. Billed as the largest telecom trade show in Asia, this year's non-attendance list is notable for its big names. Lucent Technologies and Nortel Networks are among the giant vendors that have opted to save their money and stay away. But the skittishness of this quarter-by-quarter attitude may rebound on such big names. Despite their absence, Communicasia's floor space actually has grown by 11% this year, with some exhibitors forced out into car lots. The vacuum left by Western vendors has been quite happily filled by a range of North Asian vendors, including Samsung of Korea and ZTE Corporation of China. Despite the twin effects of the 1998 financial crisis and the 2000 telecom stock crash, Asia's "teleconomy" seems remarkably untouched by the excess of capacity and debt that afflicts North America and Europe. Internet and cellular growth rates are holding up and the region's two largest countries--China and India--are investing billions of dollars in new infrastructure such as fiber trunks and mobile phone networks. Across the region, only Indonesia could be seen as a complete write-off. And unlike Latin America, which is suffering sluggish growth, only one Asian country--Japan--could be described as an economic laggard. So with money to burn and few North Americans and Europeans to buy from, North Asian vendors are moving aggressively to fill the void. The result could be a major realignment in world telecom manufacturing supremacy--akin to the Asianization of the world automobile industry several decades ago. hive4telecom.com