Markets: Eerie calm

Markets: Eerie calm

it is not clear when market sentiment can change; as in the past, it can be quite sudden.
At a turn and yet not

At a turn and yet not

RBI could be tempted to cut policy rate to support growth at its bi-monthly review.

SMS marks unhappy 21st birthday, trend declines

Dec 03 2012, 10:06 IST
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SummaryThe humble text message, which celebrates its 21st birthday Sunday, is past its prime.

The humble text message, which celebrates its 21st birthday Sunday, is past its prime for the first time in history, as new figures show a declining trend of SMSing.

After doing everything from sealing deals to shattering hearts for over two decades, text messaging volumes have declined for the first time, a new report has found.

From the world’s first message — “Merry Christmas” — on December 3, 1992, the use of texts exploded after 1998 when the UK’s four major mobile-phone companies introduced “pay-as-you-go”.

New figures from media regulator Ofcom however saw two quarterly declines — by over a billion — in volume of SMSes sent in the US and UK.

“For the first time, SMSes are showing signs of decline,” The Independent quoted James Thickett, Ofcom’s director of research, as saying.

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