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COPYRIGHT 2001 Crain Communications, Inc.
NEW YORK--Investors looking for successful Bluetooth market plays will have to wait till late this year, but the outlook for the technology will grow brighter during the next several years, said Johan Strandberg, senior wireless equipment analyst for Stockholm-based Deutsche Bank-Scandinavia.
"There are significant Bluetooth business opportunities, but the losses are still mounting and development costs are escalating. We will see more of this. Not until later this year can we hope to see some revenues," he said last week at the Capital Markets Sweden Institutional Investor Seminar on Blue tooth here.
"There are as yet a very limited number of companies with a very significant exposure to Bluetooth because the market has not yet taken off. And the market capitalization of these companies has deteriorated significantly in the last 12 months, as with all technology stocks."
Original equipment manufacturers with a notable involvement in Bluetooth include Alcatel Alsthom, C Technologies, L.M. Ericsson, Nokia Corp., Philips...
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