With Nokia, and Texas Instruments - which supplies Nokia with computer chips for its cellular phones - reporting positive results last week, the Nasdaq responded positively, with an increasing number of technology pundits starting to believe that exciting times are ahead for the telecoms industry.
"All the hype has gone out of the market and companies are getting back to the basics of business. This more realistic approach has done the industry good as investors are now starting to gain faith in technology stocks, which will spawn a pick-up in the overall telecommunications industry," commented James Herbst, Director: Finance of DataPro Group, the soon-to-be-listed telco and Internet service provider.
Locally, the telecommunications industry is one of the sectors that should be watched closely. From an investment point of view, those investors and shareholders who back the right horses are in for some potentially good returns. The recent announcement around the legalisation of VOIP and the coming SNO, certainly underpin the speed at which the telecommunication market is changing.
"As the only true telco stock on the AltX, DataPro`s stock has significant strategic value and promises to be a solid and exciting investment," comments Herbst.
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