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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 165.03

+1.0%

Nov 24 3:59 PM EST

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To: Jim Willie CB who wrote (73612)	6/9/2000 10:30:00 AM
From: Jerry Miller	Read Replies (1) of 152472

Qualcomm says FCC grants $125m voucher June 9, 2000 08:24 AM SAN DIEGO, June 9 (Reuters) - Digital wireless company Qualcomm Inc. QCOM on Friday said the Federal Communications Commission (FCC) gave it a $125 million voucher to buy one or more spectrum licenses over three years in bandwidth auctions. A spectrum license is government license provided to telecommunications companies to operate specific bandwidth segments, and is bid on by telecom companies in spectrum auctions. The FCC award is in response to a July 1999 U.S. Court of Appeals decision in which the FCC was ordered to designate Qualcomm a "pioneer" under the Commission's Pioneer's Preference programme and give the company a grant for a bandwidth spectrum. Qualcomm's Code Division Multiple Access (CDMA) digital wireless technology, which uses standard 1x (1.25 MhZ) bandwidth, is used by nearly 60 million subscribers and QUALCOMM and is licensed to more than 75 telecommunications equipment manufacturers worldwide. The company is developing a wider bandwidth (5 MhZ) which will be introduced in the next year or two.

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