Going Global

the Atlantic to snap up California-based Airtouch, making the company the largest cellular presence around. Smith looks for the company to grow earnings an average of 20%-25% a year over the next four years.
Nokia, meanwhile, is another overseas way to play the wireless phone revolution, says Joseph Tigue, managing editor of S&P’s The Outlook newsletter. Originally a paper products company, Finland’s Nokia has taken to cellular phones with a vengeance, recently surpassing U.S.-based Motorola as the largest producer of mobile phones. Tigue says Nokia’s earnings should rise 25% in 1999.

BUCK UP
In all, we’ve gathered 11 international investments that stand a good chance of prospering in the years ahead. We advise you to approach overseas investing with the same patience and long-term outlook you would in putting assets to work in the U.S. That way, by riding out the ups and downs, you stand to gain whether you invest at home or abroad.