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| ONE OF THE WEIRDEST things I wrote about on my Tech Trader Daily blog last
week had to be a Cowen research report that concluded that we are headed for
a fourth-quarter shortage of -- I am not making this up -- mobile phones.
That seems incredible. Global cellphone sales this year will be well over 1
billion units. Can you think of even one other object sold one at a time
that has annual unit volume exceeding 1 billion? (Grains of rice would not
qualify.) And we're going to have a shortage? Cowen's Matthew Hoffman says
we are, indeed, and that it will lead to firmer phone prices; he's so sure
that he raised his ratings last week on both Nokia (NOK) and Motorola (MOT).
An upgrade, for beleaguered Motorola! Will wonders never cease.
If AT&T gets just 10 percent of these phones as new customers their revenues
will triple!
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