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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 153.00

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To: Philip Merryman who wrote (434)	1/8/1997 6:56:00 PM
From: Philip Merryman	of 152472

The following is an Associated Press article discussing the Pioneer's Preference License discussed in post #434: Qualcomm Gets Another Shot at PCS By JEANNINE AVERSA Tuesday, January 7, 1997 6:57 pm EST Associated Press Writer- WASHINGTON (AP) -- A federal appeals court ruling Tuesday gave Qualcomm Inc. another chance to ask the government for a special license to deliver potentially lucrative mobile phone and data services. The Federal Communications Commission two years ago denied the San Diego-based telecommunications equipment maker one of these special, ``pioneer's preference'' licenses on the grounds that its personal communications technology was merely an adaptation of existing technology. But the U.S. Court of Appeals for the District of Columbia threw out the FCC's decision. It said the commission did not consistently apply the same standard -- whether technology was adapted -- to other companies seeking personal communications service, or PCS, licenses through the FCC's pioneer's preference program. PCS is the next generation of mobile telephone and two-way data services, which are all digital. Under the preference program, companies get licenses for a particular communications service at a substantial discount as a reward for creating an innovative communications technology. ``We feel somewhat vindicated. If you look at the technologies developed for PCS, our CDMA technology is one of the most widely used in the market today,'' said Kevin Kelly, Qualcomm's senior vice president. Companies have spent billions to acquire licenses to provide PCS service in the United States. Most are still building their networks, but Sprint Corp. in an alliance with American Personal Communications and three cable companies are providing PCS service. American Personal Communications was one of four companies the FCC ended up giving PCS licenses to under the preference program. Qualcomm would have got a potentially big jump on the competition if it was given a PCS license through the FCC's pioneer's preference program before they were auctioned to other companies. Other than a discount, Kelly said he's not sure how the company would benefit were the FCC to give it a PCS license through the preference program now. ``I don't know what the answer to that is. You can't turn back the clock.'' c Copyright 1997 The Associated Press

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