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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting

QCOM 151.59

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Jan 30 9:30 AM EST

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To: Maurice Winn who wrote (176)	7/5/2000 10:01:03 AM
From: carranza2	Read Replies (1) of 197445

Maurice, there is unfortunately a fly in the ointment. The spectrum auctions are costly in Europe, where Q has essentially no presence. The Q is not in a position to lower or raise 3G royalty rates there so the issue is irrelevant. That is one of the reasons I have followed Mark Roberts assertions of several months ago that ETSI was going to open up Europe to all modes "soon". I'm convinced now that it won't happen. The reason is obvious: Should CDMA2000 be allowed to compete against any existing 3G technologies, it will win the cost and technology battles. This will not be allowed to occur, in my opinion, because the Euros simply won't stand for it. The story will be different in any market where Q competes on a more or less level playing field. Just one of those things, I'm afraid.

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