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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 174.690.0%Dec 24 12:59 PM EST

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To: gdichaz who wrote (11640)6/18/1998 10:28:00 AM
From: brian h  Read Replies (1) of 152472
 
All,

More royalty stream for QCOM.

Sprint PCS Announces Contract With Lucent Technologies to Expand Nation's Largest Nationwide PCS Wireless Network in New and Existing Cities
Expects to Spend Up to $700 Million
KANSAS CITY, Mo., June 18 /PRNewswire/ -- Sprint PCS today announced it expects to spend up to $700 million over the next three years with Lucent Technologies (NYSE: LU - news) to supply equipment and services for the next phase of its nationwide wireless network development and expansion. The contract is in addition to an existing $1.8 billion contract already spent with Lucent in the first phase of Sprint PCS' national roll-out of its 100-percent digital, 100-percent PCS nationwide wireless network.

Brian H.

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