QUALCOMM-The Wireless Wonder in 1999 Message Board

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Technology Stocks : QUALCOMM-The Wireless Wonder in 1999

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To: GO*QCOM who wrote (316)	6/9/2000 12:29:00 PM
From: GO*QCOM	of 343

Qualcomm says fcc grants $125 mln voucher SAN DIEGO, June 9 (Reuters) - Digital wireless company Qualcomm Inc. (NasdaqNM:QCOM - news) 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. Shares of Qualcomm closed at 77-7/16 Thursday on the Nasdaq exchange.

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