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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting

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To: slacker711 who wrote (57870)	12/31/2006 10:59:50 AM
From: quartersawyer	Read Replies (1) of 197458

slacker-- re:India and Hutchison Essar A Reliance win here would be a substantial short-term negative for Qualcomm since it would speed up their transition to GSM. OTOH, a Vodafone win might be a positive. They seem likely to make a push towards 3G when the spectrum opens up. "...speed up their transition to GSM" If they actually scrapped the CDMA network instead of multiplying it , it would be negative for sure. Is that what you see happening in India-- committment to GSM?? TRAI says not. Reliance has 25 million CDMA subs, Essar has 23 million GSM subs. Maybe Qualcomm's low end dual mode chipsets aimed at the mass market isn't a wasted effort? tinyurl.com [slide 26 and 27] ------------------ Reliance Gets Funds for Possible Hutchison Essar Bid (Update4) Dec. 28 (Bloomberg) -- Reliance Communications Ltd. has raised funds to bid for Hutchison Essar Ltd., vying with Vodafone Group Plc to create India's biggest cellular-phone company. ``I've lost count of the number of private-equity people that have lined up,'' Reliance Chairman Anil Ambani told reporters in Mumbai today. Reliance and Blackstone Group LP had asked banks led by Citigroup Inc. and UBS AG to lend almost $15 billion to fund a buyout of Hutchison Essar, bankers with direct knowledge of the deal said earlier this month...."You do not often see financiers queuing up at your door''.... A takeover of Hutchison Essar would boost Reliance Communications' share of the Indian wireless market to more than 35 percent. The agreement would combine Ambani's network, the largest CDMA-based operation in the nation, with Hutch's GSM service in 16 of India's 23 telecommunication zones. bloomberg.com

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