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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 152.21

-0.3%

Jan 29 3:59 PM EST

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To: KyrosL who wrote (32261)	8/12/1999 1:27:00 PM
From: KyrosL	Read Replies (1) of 152472

FCC grants QUALCOMM pioneer licence, will pick location 'promptly' WASHINGTON TELECOM NEWSWIRE via NewsEdge Corporation : The FCC awarded Qualcomm a PCS pioneer preference license as ordered by the U.S. Appeals Court, D.C., but will have to spend more time to identify "suitable frequency spectrum," the Commission said today. In a two-paragraph order, the Commission said it was acting in response to the court's order, which marked the second time an appeals court sent the issue back to the Commission for action (WTN 1208-99, 1203-99, July 23). Qualcomm in 1992 had requested the pioneer preference license for South Florida, but the Commission first determined its proposal technology wasn't pioneering and declined to give Qualcomm a license. The appeals court upheld Qualcomm and directed the Commission to review its decision, but during that review the Congress required the Commission to issue licenses through competitive bidding. The court said the FCC erred in dismissing Qualcomm's case, when the court had required resolution. (WTN 1300-99)

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