20040918手机和其它电子产业市场分析（英文版）.pdf42

The information and opinions contained herein are
prepared by the Alpha Strategies Group of
Institutional Equity Division at Morgan Stanley
Japan Limited.
The investments discussed or recommended in this
report may not be suitable for all investors.
Investors should use this research as one input into
formulating an investment opinion. Additional inputs
should include, but are not limited to, the review of
other research reports generated by the firm and
looking at the fundamentals of the underlying
corporate issuer. For additional information,
including the views of Morgan Stanley's Research
Department, please contact your Morgan Stanley
sales representative.
Except where specifically attributed to a Morgan
Stanley Research analyst, the views and opinions
contained herein are those of the Morgan Stanley
Alpha Strategies Group and have a shorter time
horizon than twelve months. They may therefore
conflict with recommendations or opinions issued by
fundamental equity research analysts of Morgan
Stanley's Research Department which have a twelve
to eighteen month time horizon.
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20040918手机和其它电子产业市场分析（英文版）.pdf42