Since the start of 2002, the Dow Jones Europe Stoxx Technology (Price) Index fell by nearly 45%. ...
Since the start of 2002, the Dow Jones Europe Stoxx Technology (Price) Index fell by nearly 45%. Mark Webster, senior investment manager at Exeter Investment, says: 'Two years ago, there were great hopes for telecoms because the industry thought the mobile phone would become a source of data transmission. By 2003 Vodafone was expected to derive 25% of its revenue from data transmission, however transmissions, mainly from text messaging, only accounts for 10 to 11% of Vodafone's revenue. 'Telecoms companies have been de-rated. On the other hand, costs have gone up as companies buying s...
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