When China Mobile is in a buying mode, suppliers to the world's largest user of fiber optic cable are thrilled, and publicly traded companies have seen that reflected in their stock prices. However, there also can be a flip side. Per a recent report in Bloomberg, the accepted mindset had been that firms tied to next-generation wireless technology could realize a windfall as China Mobile and other carriers spent large sums to upgrade their infrastructure. Low valuations, short-covering, improving sentiment and expectations of supportive policies had combined to accelerate the buying.
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