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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 173.96+1.4%3:59 PM EST

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To: Eric L who wrote (25451)3/29/1999 9:09:00 PM
From: Art Bechhoefer  Read Replies (1) of 152472
 
The suggestion I get from reading your comment is that Ericsson may have purchased the infrastructure business in order to make sure CDMA would die on the vine, so to speak, thereby preserving the GSM system. The only trouble with that scenario is that Ericsson has not been doing as well in GSM as its competitors. Ericsson's only hope for outperforming its GSM competitors is to do a deal like this with QUALCOMM. So my conclusion is that the deal is for real, and, as I said in an earlier response a few days ago, if I owned Nokia, I'd sell it!
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