Qualcomm Inc (QCOM)

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Asia-Pacific Telecom Sector to Experience Upturn in 2004, Says Gartner

In 2004, Asia-Pacific carrier investments in telecom infrastructure are expected to start to grow again for the first time since 1999 because of better economic conditions, improving carrier financial performance and a decline in price competition, according to Gartner. Total investment in 2004 is expected to grow 9% over 2003. During 2004, the Asia-Pacific region is expected to add another 125 million phone connections across fixed and mobile services, up 13% over 2003. Revenue growth across fixed and mobile services in 2004 is expected to grow only 7% to US$17.1 billion because of lower customer yield.

(March 2004 Issue, Nikkei Electronics Asia)
http://neasia.nikkeibp.com/nea/200403/alert_292669.html