...REPORT IN A NUTSHELL...

3G: Fact or Fiction

Primarily, 3G is being built by operators because they know there will soon be a need for a major upgrade to their extremely successful 2G (g) networks.

The success of cell phones has been so phenomenal that networks are running out of frequency spectrum in urban areas around the world. Even without growth from new "killer applications," normal growth in usage will require the efficiencies of 3G technology.

As is always the case with the launch of a complex new technology, there are some glitches that need to be addressed. 3G is the most technologically complex international endeavor ever attempted. The 3G cell phones and other wireless devices are extremely complex because they will not only have to communicate flawlessly with each other, but also with the current 2G and 2.5G (g) devices that many subscribers will still be using for years to come.

There is no question.The remarkable thing is not the inevitable delays necessary for working out the glitches and building consumer demand, but rather that the monumental feat that is 3G has moved as expeditiously as it has.

Like a thundering heard of elephants, 3G is coming! What is the best way for investors to reap profits from the wireless revolution?