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TTP Communications - Signals that Far Eastern manufacturers are becoming increasingly aggressive

February 2003

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

TTP has acquired a specialist range of IP building blocks for the 802.11 wireless networking standard designed by Cadence Design Foundry.  802.11, like Bluetooth, is a short range radio "wire replacement" technology. The consideration is undisclosed although TTP will pay royalty payments to Cadence. The technology will be integratedwith TTP's existing cellular software cores and is particularly relevant to manufacturers of high end handsets and PDAs wishing to incorporate  wireless access to video content in their designs. A few days after the acquisition, TTP announced partnerships with two Far East silicon manufacturers. Thefirst is a strategic agreement for the development of advanced mobilephones with TCL ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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