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To: Jon Koplik who wrote (14128)	8/26/1998 7:52:00 AM
From: limtex	Read Replies (1) \| Respond to of 152472

Jon - Of course its not only the name but also the exact way of opening the handset!!! I wish I understood what the interim score is in the CDMA-one v. WCDMA of ERICY NOK.A and the EU. I mean OK if the old EU blackmail operates yet again ( pls see the British Airways decision to buy European at just around the same time as the EU gives it permission for the American Airlines deal) well if this happens agian there will be two systems around the world and GSM will probably be the biggest. BUT why can't there be a rollout of CDMA base stations in Europe now just like the US is allowing a GSM operation in the US? I think that would take a little of the steam outt of GSM in Europe. Then the international brigade will in any event start to go over to G*/Q next year so that takes a further bit of steam out of GSM. Regards, L

To: Jon Koplik who wrote (14128)	8/26/1998 8:10:00 AM
From: Jon Koplik	Read Replies (2) \| Respond to of 152472

To all - sort of O.T. - some hard numbers on current stock mkt decline. August 25, 1998 Stock Decline Deeper Than Realized A.P. INDEXES: TOP STORIES \| NEWS \| SPORTS \| BUSINESS \| TECHNOLOGY \| ENTERTAINMENT Filed at 8:04 a.m. EDT By The Associated Press NEW YORK (AP) -- The recent selloff in corporate shares already has pared 37 percent from the average stock's 52-week high, a brokerage firm study shows. The analysis, by Donaldson, Lufkin & Jenrette, depicts a vastly more serious and broader picture than portrayed by the popular indexes of large-company stocks, which show a decline of about 10 percent. From another perspective, it could be interpreted as suggesting the market decline has already approached its low point and may be closer to recovery than originally believed. DLJ said its findings, based on data from Factset Data Systems, confirms the view that ''outside the very largest firms, a bear market has taken hold,'' and that it approached in size the 1987 price collapse. The 37 percent decline is based on an unweighted sample of share prices from 6,625 New York Stock Exchange and Nasdaq companies through Aug. 21, all of which had market capitalizations of more than $1 billion. While companies of that size are generally thought of as large, they are dwarfed by those in the 30 companies in the Dow Jones industrial average and the 500 in the most popular Standard & Poor's index. Both these indicators are also market capitalization-weighted, meaning their share prices are assigned values proportionate to overall market capitalization rather than simply averaged out. Mainly due to the large size of component companies, which have tended to do far better than shares of smaller concerns, these popular indicators have portrayed a market decline of only 10 percent or so. Of 6,580 companies examined in the DLJ study, 6,107, or 93 percent, had fallen at least 10 percent, and 1,784, a quarter of the total, had declined at least 50 percent on the basis of Aug. 21 closing prices. A similar analysis of 2,335 companies involved in the 1987 stock market plunge showed an average decline of 44 percent from the market peak on August 26 of that year to the trough on December 4. Dominating the fallen group were technology and energy shares, and ADRs, or American-owned shares of foreign companies, although declines were spread throughout the list. The results were said to have surprised researchers at DLJ, which has been more confident than some firms about a market recovery. It still holds to that view. In its ''Portfolio Manager's Weekly,'' it observes that in view of such a broad-based deterioration ''a bottom point may be at hand.'' Thomas Galvin, the chief investment officer, said in his report that ''while very concerned about the Pacific Rim implosion, we do not envision a U.S. recession or a spike in interest rates.'' In fact, he suggested that the bear market should be relatively short-lived, and that positive economic data and profits ''should restore investor confidence during the next three to six months.''