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To: Jim Willie CB who wrote (111891)	1/30/2002 10:16:01 AM
From: JohnG	Read Replies (1) \| Respond to of 152472

Analytics Forecasts 469 Million Cellular Handset Sales in 2002 date: January 29, 2002 By 2006, 77% of all handset sold will be replacements, up from 52% in 2001. Despite GSM's overall dominance of the cellular market, CDMA will control a disproportionate share of the 3G markets. The CDMA share of global handset volume will reach 25% by 2006. Phil Kendall, a Director in the Global Wireless Practice at Strategy Analytics, notes, "Retail sales will have increased to 870 million phones by 2006, at which point Southeast Asia will account for 40% of the total, more than double the size of any other region. Western Europe and North America will see their share of handset sales fall significantly over the next five years from over 50% in 2001 to 36% in 2006." David Kerr, Vice President of the Strategy Analytics Global Wireless Practice, adds, "Inventory buildup was a huge issue for the global market in 2000 and 2001, with some residual still left to work through in the first half of 2002, especially in Western Europe. Having fallen 13% in 2001, Western European handset sales will remain flat in 2002, before beginning to recover in 2003." He continues, "GSM/W-CDMA based systems will continue to dominate the worldwide cellular market over the next five years. However, CDMAOne/CDMA2000 sales will gain share, passing 200 million units in 2006." These findings are presented in "Worldwide Cellular Handset Forecast (2001-2006)," a study published recently by Strategy Analytics, Inc., within its strategic advisory service, Wireless Device Strategies.

To: Jim Willie CB who wrote (111891)	1/30/2002 11:04:54 AM
From: marginmike	Read Replies (1) \| Respond to of 152472

JIm Ive been long Gold minning stocks for a year. I agree 100%

To: Jim Willie CB who wrote (111891)	1/30/2002 11:14:48 AM
From: Keith Feral	Read Replies (2) \| Respond to of 152472

Jim - a few comments. 1) Central banks need to produce cash flow, not speculative returns. Gold is no longer an underlying asset to support the value of currency like the days of the gold standard. Today, currencies are pegged to the oil standard. 2) World deflation is rampant. No argument there. International competition is running the world amuck. The change in accounting practices have inhibited the ability for companies to make strategic acquisitions until the value of smaller interest fall to low enough values where cash acquisitions. Poorly managed companies will go by the wayside with no interest. 3) Poor demand for gold may be the reason for decreased production. a) Proudction shortage is only a problem if demand shows up. b) The FED has devalued the dollar 11 times already this year by interest rate cuts. c) The world is always in search of a stable standard. A dollar is always going to be worth a dollar. It's a free floating currency. The only thing that can change the value of a dollar is if traders sell dollars to buy euros. The fluctuations in dollar values are constant. d) Forward selling is a hypothetical problem until demand shows up for gold. e) Gold is no longer a financial asset to support currencies. It would be difficult to imagine why people would return to gold in their portfolios. f) Anyone calling for a 400% return in gold in the next 2 years should be considered a speculator. g) Japan has been dying for 20 years. If Japan has to sell US Treasuries for cahs, there is no friggin way they are gonna turn around and buy gold. h) Saudi Arabia can buy all the gold they want. How are they gonna convert it to oil to provide energy? In short, gold is an emotional instrument that people turn to in times of crisis. Based on the twisted state of affairs, we are in a crisis. People are turning to gold for a short term fix.