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BUSINESS BRIEFS.(TO THE POINT)

Investor's Business Daily

| December 02, 2003 | COPYRIGHT 2003 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

TELECOM

Powerwave buys Sweden's Allgon

The mobile gear firm will pay $407 mil for LGP Allgon, a maker of wireless network gear. The offer equals a 38% premium based on Allgon's closing price on the Stockholm exchange. Powerwave predicted the deal would boost profit right away, but analysts called the forecast too optimistic. Powerwave fell 2%.

MUTUAL FUNDS

20-year-old running asset fund

Frontier Equity Fund says Chris Lahiji has a keen sense of the market. Though he lacks experience or a college degree, the fund picked him to manage $500,000 in assets. Frontier hired Lahiji after his mock fund earned a 170% return in a year, outpacing its own 12% return. Since coming aboard, Lahiji's parents have invested $100,000 in the ...

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