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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: nspolar who wrote (23600)	12/17/2002 9:44:31 AM
From: Art Bechhoefer	Respond to of 36161

nspolar--I take a global view of telecom. Most countries in the developing world have completely inadequate phone systems and are making up for that by installing wireless facilities, connected by fiber optic long distance lines. In addition, a growing number of people even in industrialized countries are fed up with wired connections to the Internet and ready to upgrade their laptops with a wireless modem. This is a wireless market totally separate from wireless handsets in the U.S. But the real growth in wireless comes from China and India, which together should add about 200 million new subscribers in the next couple of years, or less. I totally disagree with the pessimism expressed by numerous investment firms; namely, that growth in telecom is stagnating, or at best increasing only slowly. To this end, I maintain substantial positions in QCOM and Nortel bonds, both of which are, in terms of growing demand for their products, as good as gold. I regard gold as a short term opportunity that will generate cash flow to add to my long term growth strategies. Art