“Fund managers are asserting that a slowdown in telecom spending is here for foreseeable future. As far as investors needing a dedicated technology fund in their portfolio, it's not essential because many growth funds will give the exposure and diversification they need, without the risk.”
Catherine Benz
“More than anyone else, tech and telecom companies are being hit hardest by the slowdown in capital spending, ... They still seem to have more inventory and the pickup in demand simply hasn't been there.”
John Forelli
“That could be encouraging for telecom investors,”
Peter Cardillo
“That could be encouraging for telecom investors.”
“Investors have discounted the China Unicom share price. China Telecom is oversold so it is attracting some buying but market sentiment is weak so it may not hold up.”
George Chan
“I'm disappointed, I wanted Unicom to rise to HK$19 and than sell into China Telecom, ... I think investors feel it's a bit expensive at HK$15.58 but it may settle and firm later in the day.”
David Harman
“There's nothing in this statement that we didn't already know, ... Telecom operators have not been spending and six months ago we thought Marconi would go bust. Its priority is to cut debt.”
Mark Tinker
