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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 174.17

-0.5%

11:17 AM EST

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To: kech who wrote (6558)	12/17/1997 9:53:00 AM
From: Pierre	Read Replies (2) of 152472

From Reuters today re Europe stands meeting ... Sweden's L.M. Ericsson jumped 13 crowns to 301 crowns on Wednesday after a meeting of the European Telecommunications Standards Institute (ETSI) favoured a technology for future mobile phones advocated by Ericsson and Finnish rival Nokia . Nordic media said ETSI, grouping regulators, operators and equipment producers, voted for the Ericsson and Nokia standard in a test ballot, with the technology getting almost 59 percent support while a competing system from Siemens and Alcatel won 41.5 percent. Ericsson said it hoped for 70 percent next time. Ake Persson, Ericsson mobile systems marketing chief, said the Wideband CDMA system (WCDMA) could be the global standard. "We have hopes, or almost a belief, that support will go over 70 percent at the end of January. We will be working hard to achieve that majority," he told Reuters. ...

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