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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 174.770.0%9:30 AM EST
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To: Don Pueblo who wrote (114119)2/23/2002 7:39:39 AM
From: John Carragher  Read Replies (3) of 152472
 
part of interview in Barron's this weekend.

Q: Isn't there anything positive to say? Anything on the horizon?
Cleland: The FCC authorized a truly revolutionary technology on Valentine's
Day, ultrawide band. This is Star Trek stuff. It has enormous and
wide-reaching applications. This technology has been buried in the FCC for
three years. And Chairman Powell and Commerce Secretary Evans twisted
arms to get it to market. Because it is so revolutionary and it is so different
from normal wireless technology, we think most people simply aren't aware of
it or don't get it.

Q: How does it work, and how would it affect an average consumer?
Cleland: It allows for all sorts of consumer applications such as monitoring
and remote sensing.

Whyman: But the big application is for short-distance wireless devices
because it has a lot more bandwidth and uses much less energy. You can
conceive of wireless local laptops that you can walk around the office with.

Q: Does it threaten existing technology?
Cleland: It is a very disruptive technology. Blue Tooth and 80211B are at
risk. I can't believe I got that acronym right.

Q: That was good. But how is this good for the industry right now?
Cleland: The positive is, this is a new technology that will have a very steep
demand curve. However, it is going to take awhile to roll it out. And while the
FCC authorized it, it's taking a cautious stance, because of concerns by
competitors that this new technology would create dangerous interference.
Competitors like Qualcomm and Sprint PCS didn't want it to get out of the
regulatory crib. It is a whole new technology that will trigger a whole new set
of applications we haven't thought about before. It's a better technology and
better standard and it will open them up to more competition.
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