http://www.capmarkets.com/9344/PHRM_....pdf?sfgdata=4
Not sure if this has been posted before, but I've had to stop reading it to let my blood temperature drop a little. There are some real doozer comments in this 'analysis'.
My personal favourite combination is ..
Quote:
While
the public debate has been vigorous, we think it has been within a narrow, selfreferring
constituency, and it has often been poorly informed.
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combined with
Quote:
And third, the launch customers – BT, Carphone Warehouse and Virgin Media – have
also undergone extensive trialling of the technology, and none are in the business of
taking unnecessary risks on new technology adoption.
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Mind you, the disclaimer on page 31 does say it is a marketting document :/