Clouds Start to Clear; Equity Markets Move

Apr 20, 2001, 01:00 ET from Wireless Fund

    SAN DIEGO, April 20 /PRNewswire Interactive News Release/ -- The cold
 winter storm that has hovered over the Nasdaq for the past 12 months may be
 blowing offshore as visibility is starting to improve for a few companies.
 The Federal Reserve's surprise decision to make an intermeeting cut to the
 federal funds rate has also brought a gleam of sunshine.  RF Micro Devices,
 Inc. on Tuesday announced that it anticipates 20% sequential revenue growth in
 the fiscal 2002 first quarter.  CEO David Norbury said that "there are renewed
 prospects for revenue growth at RF Micro Devices beginning this quarter and
 continuing into the second half of fiscal 2002."
     Openwave (Nasdaq:   OPWV) on Wednesday reported solid sales growth with
 revenue hitting $130 million vs. the consensus estimate of about $126.2
 million. The total exceeded the $38.8 million recorded in the year-ago period
 by 235 percent, and was 19 percent better than the previous quarter's total of
 $109.7 million.  Openwave reiterated its revenue target of $640 million for
 the calendar year.  Revenue from outside North America totals about
 59 percent.  Don Listwin noted strong growth in Japan and Asia, which accounts
 for about a third over overseas sales. "As a CEO you sleep a little better
 because you have balance," said Listwin.
     Nokia (NYSE:   NOK)  today reported solid numbers this morning and is now by
 far the indisputable king of handsets as it increased market share in both
 handsets and networks. On the conference call, the company said handset market
 share increased to 35%, up from 32% in Q4. Even in this tough environment,
 gross margin came in at 37.2%.  Most importantly, its 2001 handset unit
 forecast was maintained which should act as a catalyst for wireless companies.
     "We are starting to see improvements in the fundamentals of many companies
 in the wireless area.  As the global economic picture improves, well managed
 leading wireless companies will emerge with increased market share," state
 Jeffrey R. Provence, manager of Wireless Fund (Nasdaq:   WIREX)
 
     More information on the wireless revolution can be found at
 http://www.wireless-fund.com.  For more information, please call
 1-800-590-0898.
 
     Please read the prospectus carefully before you invest or send money.
 Past performance is no guarantee or indication of future results.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X81312192
 
 

SOURCE Wireless Fund
    SAN DIEGO, April 20 /PRNewswire Interactive News Release/ -- The cold
 winter storm that has hovered over the Nasdaq for the past 12 months may be
 blowing offshore as visibility is starting to improve for a few companies.
 The Federal Reserve's surprise decision to make an intermeeting cut to the
 federal funds rate has also brought a gleam of sunshine.  RF Micro Devices,
 Inc. on Tuesday announced that it anticipates 20% sequential revenue growth in
 the fiscal 2002 first quarter.  CEO David Norbury said that "there are renewed
 prospects for revenue growth at RF Micro Devices beginning this quarter and
 continuing into the second half of fiscal 2002."
     Openwave (Nasdaq:   OPWV) on Wednesday reported solid sales growth with
 revenue hitting $130 million vs. the consensus estimate of about $126.2
 million. The total exceeded the $38.8 million recorded in the year-ago period
 by 235 percent, and was 19 percent better than the previous quarter's total of
 $109.7 million.  Openwave reiterated its revenue target of $640 million for
 the calendar year.  Revenue from outside North America totals about
 59 percent.  Don Listwin noted strong growth in Japan and Asia, which accounts
 for about a third over overseas sales. "As a CEO you sleep a little better
 because you have balance," said Listwin.
     Nokia (NYSE:   NOK)  today reported solid numbers this morning and is now by
 far the indisputable king of handsets as it increased market share in both
 handsets and networks. On the conference call, the company said handset market
 share increased to 35%, up from 32% in Q4. Even in this tough environment,
 gross margin came in at 37.2%.  Most importantly, its 2001 handset unit
 forecast was maintained which should act as a catalyst for wireless companies.
     "We are starting to see improvements in the fundamentals of many companies
 in the wireless area.  As the global economic picture improves, well managed
 leading wireless companies will emerge with increased market share," state
 Jeffrey R. Provence, manager of Wireless Fund (Nasdaq:   WIREX)
 
     More information on the wireless revolution can be found at
 http://www.wireless-fund.com.  For more information, please call
 1-800-590-0898.
 
     Please read the prospectus carefully before you invest or send money.
 Past performance is no guarantee or indication of future results.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X81312192
 
 SOURCE  Wireless Fund