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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?


To: JGoren who wrote (34158)7/7/1999 8:38:00 AM
From: Ramsey Su  Read Replies (3) | Respond to of 152472
 
The following is an email I received from ex-poster who is known to many on this thread. Comments.

Here is an article that is very stealth and yet to a point I tried to opine many times, never ever discount Motorola. This also points to my opining about the buzz at SuperComm. This is not going to be narrowband wireless. One thing that I really scratch my head about QCOM at this point in time; why did they not extend the CDMA revolution to boardband wireless. The product that is du jour, FRM and TDM, but no CDMA. Of the limited entrants, it's not anywhere near anything that resembles Q IPR.

Motorola wireless unit to hire 1,400 people
ARLINGTON HEIGHTS, Ill., July 6 (Reuters) - Motorola Inc.'s wireless communications unit, which makes cellular infrastructure and digital wireless systems, said Tuesday it would hire 1,400 people to speed development of its wireless Internet devices.

Motorola's wireless unit said the positions in engineering, research and development will help Motorola bring to market the first Internet-based wireless network allowing users to access the Internet, send e-mail and faxes, and watch video over a wireless network.

The wireless communications unit already employs 16,000 people worldwide, a spokeswoman said. The new positions would be at various Motorola operations around the world.

Motorola linked up with Cisco Systems Inc. (Nasdaq:CSCO - news) in February to develop wireless Internet service, and the two companies said they would invest up to $1 billion on the project over the next four to five years.

''Plans for (Motorola's wireless Internet) network will enable a network operator to include data, voice and video services over a single wireless network, giving users instant access to voicemail, e-mail, fax and video conferencing anywhere in the world,'' Motorola's wireless unit said in a statement.

Shares of Motorola were up 1/16 at 98-3/8.