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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 169.27

-4.8%

Jan 12 3:59 PM EST

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To: Ruffian who wrote (13183)	7/31/1998 10:05:00 PM
From: Renby Cage	Read Replies (3) of 152472

From James Edson, qualcomm vice president for Latin America re: Brazil auctions: <<<< "I wasn't expecting to lose," Edson said. "We were in this for real. Clearly we took this process very seriously, as demonstrated by the fact that we were the second-leading bidder in two of the properties. "But this is not a setback. We will participate very actively in the Brazil market." Edson said the company may bid in two other auctions scheduled for later this year and next. The Brazilian government plans to auction three long-distance companies to compete with yesterday's winners and will also sell digital wireless licenses next year. "We're going to look at that as a possible option for us," Edson said. He added that the company may look into partnering with some of yesterday's winners, and said he's confident many of those companies will choose CDMA. >>> I love these quotes. "I didn't expect to lose", "We're in this for real", "we'll be back to fight another day". Sounds like a company that won't be denied. Personally I think these last few months have seen the very beginnings of qualcomm's emerging position as a true power broker in this industry. It wouldn't surprise me if the company rides it's IPRs all the way to the number one position in wireless 5 years from now. Renby Cage

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