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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: gdichaz who wrote (51648)	6/9/2002 9:50:31 AM
From: Eric L	Respond to of 54805

Chaz, << Sigh. ... Huh? ... good luck with your pitch for GSM onward. >> I don't post to this thread, on this subject, to "pitch" GSM. I think that this might be an appropriate time to quote from a recently published book on investing in wireless written by engineer/author/Fool David Mock, and Tom Taulli: The problem for investors is that quite often the assessment of standards adoption wanders away from objective reasoning and leans more towards taking sides in a soccer match. Suddenly nationalistic pride takes over, and individuals begin to emotionally cheer for a company from their nation to succeed in a country that doesn't play by those rules. It's a game of focusing on the positives while trying to sweep the negative aspects under the rug. While technical standards certainly are a driving force in wireless, the focus on adopted technology is quite often misplaced. Rather than understanding how an adopted technology helps it compete for market share, too many investors emotionally put money behind the technology they feel is technically superior. Their rational is that if the technology is superior everybody will flock to it, while shunning the other, inferior technologies. Unfortunately, this is a very short-sighted approach to investing because it overlooks many other forces that drive the industry. There have been many cases of high-technology markets where supposedly inferior technologies absolutely pummeled the competition in the open market. .... - "Tapping Into Wireless: The Savvy Investor's Guide to Profiting from the Wireless Wave" (2002) page 49 - - Eric -