Word: wirelessly
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...makers weren't the only winners on Wall Street last week. Web and video-conferencing companies such as WebEx, Polycom and Raindance, expecting order books of potential new customers wary of employee travel, briefly became investor darlings. Cell-phone companies such as Nokia and Verizon also benefited from the wireless industry's sudden image overhaul; no longer the objects of universal derision, cell phones are now seen, even by Luddites, as essential tools in case of emergency...
...eager. Let the market stabilize, even if it means missing the early stage of a rally. In the short run, stay away from most airline, insurance, travel, leisure and high-end retailer stocks. Utilities, discount retailers, food and drug companies, defense contractors and select tech firms including wireless and surveillance should hold up. Above all, don't sell just to sell. "You want to buy into panics, not sell into them," says Peter Canelo, U.S. investment strategist at Morgan Stanley...
Although Voicestream Wireless, the Square’s newest cellular provider, won’t open its Mass. Ave. location for another week, its display of phones already has customers salivating. As assistant manager Joy Tommaro sits on the store’s window seat leafing through papers, curious pedestrians peer through the glass attempting to get a glimpse of the colorful posters and displays inside. One man even breezes in through the open door to examine the rate plans...
Voicestream is the most recent in string of cellular providers who have set up shop in the Square. Within a few blocks of the store are Cingular Wireless, located at 22 Eliot Street, and Sprint PCS, which is at the corner of Church and Brattle Streets. Both stores have had little trouble finding customers, especially the Sprint branch, which has proved to be a goldmine for the company. Mark Duncan, Director of Marketing for New England, couldn’t be more pleased. “We are very happy,” he says...
With so many students eager to reach out and touch someone and use up minutes at their parents’ expense, the market seems ripe for an all-out battle between the three wireless giants. However, none of the three players seem at all concerned about the rivalry. Cingular Manager Brian Leavitt remarks, “I don’t think that Voicestream is going to be any bit of competition for us. As far as any type of digital or wireless service, we’re going to beat them...