Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: recycled_electron who wrote (5822)	11/27/1997 2:39:00 PM
From: Caxton Rhodes	Respond to of 152472

OPTIONS-Bid speculation enlivens Vodafone Ramsey, you cna't get rid of me that easily........ Me thinks the big T will (or is that WLL) go cdmaOne eventually. Caxton LONDON, Nov 27 (Reuters) - Renewed speculation that American telcommuncations giant AT&T (NYSE:T - news) was poised to launch a bid for Vodafone Plc sparked heavy trade in Vodafone equity options, dealers said. They noted several buyers of the January 360/420 strangles, who paid as much as 37p, as the underlying stock jumped almost three percent to a record at 395p at one stage. At 1453 GMT, Vodafone shares were up 11 to 392 on heavy volume. ''Bid talk has been resurrected and they're looking for a bid sooner rather than later,'' said one options dealer. He noted that the strangles make a profit on a big upward or downward move on the stock. ''The thought is that the shares will get hit if a bid doesn't come through, and probably rally more if it does come through,'' another options specialist said. Almost 2,400 contracts traded in the January 420 calls and some 3,575 lots traded in the January 360 puts. Elsewhere, dealings were scattered, with interest in Shell Transport and Trading Group (SHEL.L), where 1,000 April 420 calls were sold at 37p, and in Redland Plc (RDLD.L), where 1,000 February 330 calls were sold at 13p. Several volatility trades in FTSE 100 index options reflected expectations that the recent rise in volatility will continue unabated through the first quarter of next year, options specialists said. ''I think it's a fairly safe bet given all that's going on in Asia. The problems that Asia is experiencing won't be solved overnight,'' said one. Dealers noted the sale of 1,900 March 4,525 puts against the purchase of 1,900 March 5,025 calls in index options for a debit of 104p. The so-called ''cylinder trade,'' among the biggest bargains in European-style options, was established against March futures at 4,970, they said. The FTSE 100 was trading at 4,892.1, up 0.9 point. Dealers also noted a couple relatively large call spreads that traded in the American-style index options, involving the December 5,300 and December 5,400 calls. About 2,500 lots traded in each of the contracts. But it wasn't clear whether the December call spreads were hedged against futures. One options specialist noted that out-of-the-money spreads, such as this call spread, are typically established against futures by professionals who want to take a position on volatility. Another options specialist reckoned that at least one of the call spreads reflected the expectation that the FTSE 100 will retest its record peak before the end of the year. ''Basically, some punter is looking for a huge squeeze at December expiry,'' he said. December index options expire on December 19. FOR FUTURES AND OPTIONS EXPIRY DATES PLEASE SEE PAGE (UKA4)

To: recycled_electron who wrote (5822)	11/28/1997 12:10:00 AM
From: synchro	Respond to of 152472

<<While there are interesting network and system design issues there are licensing/legal implications too -- for instance is it legal for an operator who has purchased spectrum for WLL to offer limited mobility? >> I certainly hope the regulators would not [further] stunt the growth of the wireless telecomm industry. The U.S. now dominate the personal computer & microprocessor fields, which were virtually unregulated until now. With the telecomm industry, it looks more like an even playing field so far: EVERY nation has un-inforned, meddlesome bureaucrats out there thinking they have a big role. Hopefully OUR bureaucrats can tilt the playing field in our favor by getting out of the way.

To: recycled_electron who wrote (5822)	11/28/1997 1:48:00 AM
From: synchro	Respond to of 152472

I don't think the implication and impact of WLL (or wireless communication in general) on the developing nation has really fully sunk in yet. Don't know what would be a better definition of an "enabling technology" than wireless telecommunication. Enormous wealth would be generated by people who use the technology and people who supply the technology. Hard to imagine that the telephone has been around for close to a century and it's only in the middle of this decade that telecomm around the world has begun to be deregulated. Deregulation would spark destruction (of the weak and slow), but much greater opportunity lie ahead. The challenge is to find the right horse (and the rider --> management) to bet on.