Vesper Message Board - Msg: 17126294

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Technology Stocks : Vesper

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To: slacker711 who wrote (3)	2/28/2002 12:49:21 AM
From: Jon Koplik	of 56

Anatel investigates Vesper Portatil RELATED SYMBOLS: (QCOM) (Yey ! More Vesper news). (This was first posted here : Message 17119607 ). Brazil, Feb 26, 2002 (O Estado de Sao Paulo/SABI via COMTEX) -- Vesper Portatil, a product launched by Vesper in November 2001 and which enables the acquisition of fixed phone line on a mobile equipment, may be suspended. Besides the accusation made by Telesp Celular based on a study by CPqD, Anatel (Agencia Nacional de Telecomunicacoes) says there are other accusations against the system. The study made by Telesp points out that the equipment commercialized by Vesper enables the use outside a cell area that may have between 500 meters and 4 KM. The controversy surrounding the issue was created because Vesper has license to operate in the fixed communication and not on the mobile one. The product marked the return of Vesper to the residential market after losses of US$1.1bil. Its shareholders Qualcomm and VeloCom injected US$346mil in the company. By late 2001, the number of subscribers of Vesper Portatil amounted to 550,000 people in the 17 states it operates. Copyright (c) 2002, South American Business Information, All rights reserved. -0-

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