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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 171.54

+0.4%

Nov 10 3:59 PM EST

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To: Philip Merryman who wrote (257)	12/4/1996 7:19:00 PM
From: Philip Merryman	of 152472

Below is a Reuters article: NorTel confirms PCS delay Reuters Story - December 04, 1996 15:19 TORONTO, Dec 4 (Reuter) - Northern Telecom Ltd confirmed on Wednesday that delays in testing network maintenance software would stall the roll-out of parts of the Sprint Spectrum personal communications services network. But officials said Northern Telecom would sustain no material financial impact from the delay. "What's going to occur we are characterizing as a slight delay in the turn-up of the systems for Sprint Spectrum that has to do not with the core processing software, not with the quality or capacity of the system but with...the backup software," Nortel spokesman Robert O'Brien said. "It really has to do with the monitoring, diagnostics and maintenance of the system, which of course is critical to this operation as well. Those last elements I have mentioned are undergoing final testing in real time," O'Brien added. O'Brien said NorTel did not expect any material financial impact from the delay in the fourth quarter or full year. NorTel was expected to resolve this issue by mid to late January but the delay would push back the roll-out of the Sprint system in those markets to be supplied by NorTel. NorTel shares tumbled early in the day as investors grew wary about the hiccup. But O'Brien said that was nothing more than a "minor" delay with a complex new technology. "Until they are completely satisfied that (the maintenance and monitoring software) will operate as well as the core processing software, we reached a decision with Sprint that the most prudent thing to do is to incur a delay of a few weeks rather than run the risk of turning up a service that might not be as reliable as customers want," he said. NorTel shares were off 2.80 at 84 in hectic trade on the Toronto Stock Exchange and fell 2-3/8 at 62 in New York.

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