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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 176.31

+1.9%

Jan 5 3:59 PM EST

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To: Mika Kukkanen who wrote (22990)	2/19/1999 1:56:00 AM
From: Maurice Winn	of 152472

OneTel in Australia is going to stay GSM It isn't going to be cdmaOne. It is GSM. Here is the url: onetel.com.au Click on Media and Public Relations [in the left hand column], then the top news story: -------------------------------------------------------------------- MEDIA GIANTS JOIN FORCES WITH ONE.TEL TO BUILD NEXT GENERATION MOBILE NETWORK Monday, 15 February 1999 Global telecommunications company One.Tel today announced a strategic alliance with two of the world's leading media groups, News Limited and Publishing and Broadcasting Limited (PBL). In this landmark agreement the two companies have each agreed to acquire shares and options to take their investment to approximately 20% each of One.Tel (fully diluted). The terms of the deal include the issuing of shares and options. The initial injection will be $429 million. A significant proportion of these funds will be allocated to build out a next generation 1800MHz GSM mobile network. This launches One.Tel's bid to become a major mobile network operator. One.Tel will commence the rollout of a GSM network in Australia in the next quarter. ------------------------------------------------------------------ They are buying a new GSM network, not expanding an old one. How many new GSM networks have been ordered in the past 4 months do you know? Anyone looking for something to short might have found it. Telstra has a big cash flow. There are cdmaOne networks popping up all around them with an evolutionary advantage to Qualcomm's HDR cellular services, cdma2000 and WWeb. Mqurice

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