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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 174.38

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To: Pierre who wrote (6560)	12/17/1997 1:00:00 PM
From: kech	Read Replies (2) of 152472

It is not over until it is over. Siemens thinks this is just the opening salvo. The article is a little general in the last line though. MUNICH, Dec 17 (Reuters) - Germany's Siemens AG (FSE:SIEG) said on Wednesday its proposal for mobile phone standard still had a good chance of winning approval despite a standards group voting for a competing design. The vote in Madrid at a meeting of the European Telecommunications Standards Institute (ETSI) was only a preliminary poll, and a final decision would not come until January 29, a spokesman for Siemens' public communications group told Reuters. "It is not at all decided. The competition (between standards) will go on," spokesman Rainer Schoenrock said. "We see very good chances for our proposal." In a vote on Wednesday, ETSI members backed a proposal for future mobile telecommunications standard backed by Sweden's L.M. Ericsson (SWED:LME.B) and Finland's Nokia (HELS:NOKS.A). Siemens developed a competing standard with France's Alcatel (SBF:CGEP) that is also backed by Motorola Inc. (NYSE:MOT), Sony Corp. (TOKYO:6758) and Canada's Northern Telecom Ltd (TSE:NTL). But Schoenrock said the vote was close and the final vote could change. The Ericsson-Nokia standard received about 700 votes, against about 500 for the Siemens design and about 200 abstentions. About 600 other ETSI members did not vote in Madrid, he said. The Siemens standard combined the so-called TDMA standard now used in Europe, Asia and other regions, and the CDMA design used in the United States. The proposal from Ericcson and Nokia is compatible only with CDMA technology. frankfurt.newsroom@reuters.com)) Copyright 1997, Reuters News Service

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