Message-ID: <13970886.1075855135870.JavaMail.evans@thyme> Date: Wed, 19 Dec 2001 06:16:45 -0800 (PST) From: murphy@investorplace.com To: don.baughman@enron.com Subject: The Great China Wireless Surprise... Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: "Michael Murphy@InvestorPlace.com"@ENRON X-To: Baughman Jr., Don X-cc: X-bcc: X-Folder: \Edward_Baughman_Jan2002\Baughman Jr., Don\Inbox X-Origin: Baughman-E X-FileName: dbaughm (Non-Privileged).pst Dear Investor, By now, the scope of the opportunity -- at least to most people -- is crystal clear. China is one of the world's last great growth markets. An arena where nimble companies and savvy investors will reap OBSCENE PROFITS for years to come. China's GDP is growing at a 7%+ annual clip; and its entry into the World Trade Organization and successful bid to host the 2008 Olympics, legitimize its place in the modern world. Name almost any industry, and I can show you how it will profit from the China Phenomenon. BUT IF YOU pushed me to select just one...to name the single industry where the profits will be virtually unlimited, I would say this: The Chinese WIRELESS explosion is your ticket to true wealth. *Mainland China passed the U.S. this year in sheer number of wireless subscribers. Yet the percentage of its population with access to telecom services is still just a paltry 9%. *Spending on telecom infrastructure will EXPLODE over the next several years. China's government plans to spend an additional $151 BILLION by 2005. *What's more, while spending in Europe and the U.S. has dried up this year, investment in China has SOARED! Capital spending is some 66% ahead of last year's levels. *Demand is growing briskly. At the end of 2000, China had 267 million telecom subscribers. By 2004, that number will reach 691 MILLION! And wireless -- the platform most favored by government and the general populace -- will grow nearly 75% this year! IT'S OBVIOUS to anyone paying attention...the OPPORTUNITY IS HUGE! But...the very biggest profits -- life-changing profits -- will come from a source VERY SURPRISING to most investors. Who do you think might be the biggest beneficiaries of all this growth? Lucent, which has really good technology in this area? Texas Instruments, the chip- maker that supplies the chips used in most digital phones? Or maybe one of the quasi-governmental Chinese companies with an "inside track?" That, my friend, is the SURPRISING PART of this MONSTER GROWTH story. The big winner won't be any one of those choices -- or any other big-name firm you might think of. No indeed, the BIG WINNER -- and a real prize for savvy investors who get in now -- will be a little, but already profitable, company headquartered in Alameda, California. IT'S A NAME that 99% of all investors have never heard of. But it's a name that you -- if you act now -- will remember with great fondness for the rest of your life. The story starts with something called "PHS technology." You see, the wireless technology you're used to in this country uses cellular networks that deploy large, powerful base stations to service a wide area. But PHS technology uses large amounts of small stations -- on telephone poles, stop signs and the like -- to saturate densely populated urban areas. And that's why this technology will dominate the China market. 90% of Chinese wireless subscribers are "intra-city" users. They don't often travel. They spend most of their time living and working in the same, densely populated area. And that, my friend, is the perfect match for PHS technology. WHAT'S MORE, PHS is 5-times cheaper than the other technologies. That also makes it the perfect choice in a country where the average person earns less than $4,000 a year! No wonder the PHS market is booming -- I expect it to grow ten-times bigger over the next few years. It's a spectacular opportunity. And the little U.S. company I'm recommending to my California Technology Stock Letter (CTSL) subscribers right now...is the BEST WAY for investors like you to profit from the China wireless boom. At CTSL, we specialize in staying AHEAD OF THE CURVE -- and reaping huge profits ahead of the crowd, when the true fortunes are made: *We jumped on Intel in 1994, when most analysts scoffed at its prospects. Three years later, we sold for 575% GAINS. *In July 1998, Power Integrations got no respect on Wall Street. But I practically screamed at clients to, "BUY!" -- because unlike most analysts I actually understood its breakthrough technologies. We better than tripled our money in less than six months' time. *DUSA Pharmaceuticals was going begging in 1998 when we gobbled up all we could. Our 1,316% gains turned $25,000 into more than $350,000. NOW TODAY, wireless is the name of the game. China is where it's at. And this little company from Alameda, California is ready to rock! How high can it go? Think 50% profits near-term. Long term, the sky's the limit. You'll get the name, full details and my "buy under" price when you accept a RISK-FREE trial subscription to my California Technology Stock Letter now. As you'll see: *This company has a top-flight management team -- one of the best in the industry. And its laser-like focus on telecom's fastest growth markets has kept it out of the recent troubles many competitors have faced. *Business is booming. The company has a solid backlog of orders. And it's on track to generate 54% year- over-year top-line growth. *Its financial model is solid. The company should earn about 64 cents a share this year and 86 cents in 2002. That represents 45% and 34% year-over-year growth, respectively. Gross margins are running at a fat 35%. *And these guys have staying power. I'm particularly impressed by this company's commitment to R&D. 896 of its 2,041 employees -- or 44% -- are engineers. And the R&D budget runs at a healthy 10% of sales. THAT MAKES this stock a short and long-term winner in my book. And the single best way for you to profit -- in a really BIG WAY -- from the wireless revolution transforming communications in China. Get the name and full story now. Try my California Technology Stock Letter RISK-FREE. Click here now: http://www.ppi-orders.com/index.htm?promo_code=0YG151 Yours Sincerely, Michael Murphy Editor, California Technology Stock Letter P.S. I founded CTSL back in 1982 -- years before it was "hip" to be a tech investor. Quite simply, I understood the technologies and saw a HUGE opportunity for a select group of investors to rack up oversized profits. And my loyal CTSL subscribers have done just that -- enjoying average annualized returns on all CTSL recommendations of 53% since 1982. Now as I look ahead, our prospects have never been brighter. There are fortunes to be made in 2002 and for many years to come. DON'T MISS OUT. Go here now: http://www.ppi-orders.com/index.htm?promo_code=0YG151 ------------------------------------------------------ ACCOUNT MANAGEMENT We hope this free digest of investing advice is valuable to you. If you'd like to change your e-mail address (DON.BAUGHMAN@ENRON.COM), or unsubscribe, please do so by going to the following address: http://www.investorplace.com/unsubscribe.php Your name will be removed from our list within 7-10 working days. ------------------------------------------------------ Wednesday Dec 19, 2001 09:16:41