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Technology Stocks : The New Qualcomm - a S&P500 company
QCOM 173.20-3.3%3:59 PM EST

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To: Dennis Roth who wrote (9816)5/10/2000 1:56:00 PM
From: Dennis Roth  Read Replies (1) of 13582
 
Italy goes for auction not 'beauty contest'.
iview1.newsedge-web.com

Quote from article:
Italy will invite bidders to submit tenders for the five UMTS (Universal Mobile Telecommunications System) licences and will make an initial selection on the basis of factors including the amount of investment planned and the level of service offered, Cardinale said.

But once this phase is over the selected candidates will be invited to enter an auction to win an actual licence.

The number of candidates to go forward to auction, and how the auction will work, has not been decided, Cardinale said, but he acknowledged that "the aim is to push the prices up as high as possible."
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