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...year U.S. funds dedicated to Canadian stocks have surpassed most other international funds. Unlike the volatility experienced by Asia, Canada has maintained double-digit gains for the past five years, with an average rate of return of 13.17%. The cheap Canadian dollar has helped its exporting companies, such as telecom supplier Nortel, as well as domestic industries, such as tourism...

Author: /time Magazine | Title: In Brief: Jul. 10, 2000 | 7/10/2000 | See Source »

...phones), the threat of WorldCom or AOL owning too much of Europe's Internet plumbing is practically a matter of national security, or at least of national pride. It's worse than McDonald's, Coke and Nike all rolled into one, because even the Europeans know that high-tech telecom is the future of the world economy, and they're determined that globalization not mean - sacre bleu! - Americanization. (Maybe when Vivendi finishes Seagram's and gets into Hollywood, the French, at least, will feel better...

Author: /time Magazine | Title: Zut! Ze Europeans Hate U.S.'s Hi-Tech Mergers! | 6/22/2000 | See Source »

...There's more good news. FCC officials and telecom execs alike predict that Wednesday's overhaul will push the land-line phone business further down the road toward flat-fee pricing, with either unlimited usage (rather like an Internet service) or a bundle of minutes (like wireless plans). Will that save you money? The government is optimistic, consumer groups are less so, and the phone companies aren't saying. If price restructuring brings savings, who'll benefit, consumers or stockholders? On Thursday investors, more concerned about this week's economic numbers than the goings-on at the FCC, were noncommittal...

Author: /time Magazine | Title: FCC Makes the Call: Dial for Fewer Dollars | 6/1/2000 | See Source »

Nokia's own revolution began in 1992, when Ollila was appointed CEO and told to come up with a survival plan. He shed the rubber, paper and other businesses in favor of a new focus: wireless telecom. As a junior exec in charge of the mobile-phones division, Ollila, a former banker with a master's degree from the London School of Economics, had thrown his support behind an emerging digital network standard known as GSM (Global System for Mobile Communications), a gamble that has paid off handsomely. Today GSM rules more than half the wireless world, and Nokia...

Author: /time Magazine | Title: Making the Call | 5/29/2000 | See Source »

...next phase of the wireless revolution will also be led by the Finns. A whopping 70% of the inhabitants of this small country straddling the Arctic Circle carry mobile phones--the world's highest penetration (and more than double the U.S. rate). It's a phenomenon attributable to liberal telecom-licensing policies (which stimulated early innovation) and to Nokia's effective use of its home base as a laboratory. Citizens of this otherwise low-key society are addicted to mobile text messaging and mobile banking, and primed for mobile commerce and whatever else comes along...

Author: /time Magazine | Title: Making the Call | 5/29/2000 | See Source »

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