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

QCOM 174.80

+0.3%

Dec 5 9:30 AM EST

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To: Neeka who wrote (20065)	3/7/2002 6:03:27 PM
From: slacker711	Read Replies (1) of 196851

Pretty cool site....hadnt visited it before. Guess which of these operators is CDMA and which is TDMA <g>.... globalwirelessnews.com Chilean competitors accuse Smartcom PCS of anti-competitive pricing March 07, 2002 4:44 PM EST BUENOS AIRES, Argentina—BellSouth lodged a complaint with the Fiscalía Nacional Económica of Chile against Smartcom PCS, owned by Endesa Spain, because it considers Smartcom's Revolution 1000 plan anti-competitive. BellSouth considers it unprofitable to offer 1,000 free minutes at US$25 monthly. In the document, BellSouth notes that such a plan "goes against the norms of free competition." In June 2001, Telefónica CTC put forward a similar complaint to the Comisión Resolutiva Antimonopolios, which has yet to respond. The operator claimed the plan "altered competition in telecommunications." Smartcom PCS denies both accusations, claiming the plan is profitable to the company. In fact, it said the accusations are part of the competitors' plans to tarnish Smartcom's reputation because they are affected by Smartcom's US$270 million investment during 2001. The investment allowed Smartcom PCS to attain 130-percent growth in its client base, increasing from a 7.5-percent market share to 14 percent during the period. Smartcom PCS General Manager Jaime Gros said: "Within the business plan projected when Endesa took control of Smartcom, 2002 was set as the year in which equilibrium would be reached. Therefore, we expect to surpass said point toward the end of the current year."

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