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Technology Stocks : CDMA, Qualcomm, [Hong Kong, Korea, LA] THE MARKET TEST!
QCOM 172.05-3.2%11:21 AM EST

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To: Philip Merryman who wrote (708)9/7/1996 1:05:00 PM
From: Philip Merryman   of 1819
 
The following excerpts are from the 4th amendment of 8/12/96 to the Sprint Spectrum SEC registration statement (that is, the preliminary prospectus) for senior notes:

"... while APC intends to add a CDMA protocol, it is initially deploying GSM technology which is more mature than CDMA will be at launch." (This is in reference to APC's Washington D.C./Baltimore wireless service.)

"In the United States, PCS service providers that have indicated their intention of introducing commercial CDMA service include, Ameritech Corporation (1997 or later), Centennial Cellular Corp. (second half of 1996), GTE Mobilnet, Inc. (first quarter of 1997) and PCS PrimeCo L.P. (fourth quarter of 1996). These companies together with Sprint Spectrum comprise 225.6 million Pops or 89.3% of the United States population. In addition, several of the successful bidders in the C Block auctions have announced their intention to adopt CDMA. Winning bidders in the D, E and F Block auctions, which have yet to occur, may also select CDMA. See '--Regulation--PCS Licensing.' "
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