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To: llwk7051@aol.com who wrote (42628)	9/27/1999 5:35:00 PM
From: Ruffian	Respond to of 152472

PCS 99 Wrap Up> PCS '99 WRAP-UP--WIRELESS DATA STARTING TO EMERGE--WHO BENEFITS Deutsche Banc Alex. Brown - US EquitiesBrian T. ModoffSeptember 27, 1999 HIGHLIGHTS:Comments post last-week's wireless conference in New Orleans. Wireless data was clearly the over-riding theme at the conference. Handset vendors such as Motorola, Nokia, Qualcomm, Samsung and Neopoint demonstrated the capabilities of their products to deliver Internet content to the subscriber. Software/application vendors such as Phone.com, Razorfish, Tegic and Schlumberger demonstrated technologies that allow consumers to access internet sites, enter messages quickly and enabling applications such as wireless banking. Wireless internet portal application/content service providers such as @Road, Yahoo and Sariade.com demonstrating Internet services customized for mobile utilization such as location specific data filtering. Conclusion, the wireless industry is quickly moving to embrace the Internet to push mobile services beyond simple voice communications. The implementation of these new capabilities should have several impacts on wireless networks including: increasing wireless penetration and replacement rates as wireless devices move beyond simple voice communication devices to ones also supporting Internet/email access, electronic commerce and geolocational services. increasing network capacity to support higher traffic levels and accelerating in implementation of Internet protocol (IP) routing and switching equipment. Companies under coverage that we believe are set to benefit from these trends include Motorola, Nokia and Ericsson (advanced wireless devices, capacity expansion and IP infrastructure), Qualcomm (software, silicon and applications), DSP Commuications (software and silicon), Powerwave (capacity expansion), and Tekelec (IP infrastructure).

To: llwk7051@aol.com who wrote (42628)	9/27/1999 6:01:00 PM
From: Ruffian	Read Replies (1) \| Respond to of 152472

Qualcomm Downgraded> Qualcomm Inc. Cut to 'Accumulate' at A.G. Edwards 9/27/99 1:59:00 PM Source: Bloomberg News Princeton, New Jersey, Sept. 27 (Bloomberg Data) -- Qualcomm Inc. (QCOM US) was downgraded to ''accumulate'' from ''buy'' by analyst David Heger at A.G. Edwards & Sons Inc.