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Technology Stocks : The New Qualcomm - a S&P500 company -- Ignore unavailable to you. Want to Upgrade?

To: JGoren who wrote (1966)	9/28/1999 4:13:00 PM
From: bananawind	Respond to of 13582

Wireless broadband set to surge By CBS MarketWatch Last Update: 3:47 PM ET Sep 28, 1999 Also: Movers & Shakers SAN FRANCISCO (CBS.MW) -- Adaptive Broadband Corp. said the market for wireless broadband could reach $100 billion over the next 10 years. That's based on deploying all of the currently allocated frequencies. Adaptive was among several communications companies presenting at the Volpe Brown Whelan's Internet and communications conference. "Broadband connectivity will happen and there's a high preponderance of this broadband access seen here (at the conference)," said Pete Peterson, wireless communications analyst at Volpe Brown Whelan & Co. For instance, Adaptive (ADAP: news, msgs) promoted its wireless DSL (Digital Subscriber Line) technology that allows an Internet service provider, or competitors of Baby Bells to bypass local phone companies and go directly to consumers. Earlier, Qualcomm promoted its HDR technology that essentially allows carriers to offer high-speed access over existing CDMA wireless technology. Along the same access theme, Motorola (MOT: news, msgs) highlighted its acquisition of General Instruments, which will allow it to sell products to cable companies who want high-speed access. E-commerce on target Internet content commerce and brokerage companies also presented at the conference. Derek Brown, Internet commerce analyst at Volpe said that every company speaking at conference is on track to meet or exceed expectations for the quarter. Those include Alloy Online (ALOY: news, msgs); Amazon.com (AMZN: news, msgs); ETrade (EGRP: news, msgs); and About.com (BOUT: news, msgs). IPO wannabes Several non-public Internet companies with aspirations to go public filled the roster as well. Portland, Maine-based Gofish.com, a seafood commerce site, said it secured $9.3 million in a first round of funding from Bedrock Capital Partners, Diversified Business Communications, and private investors. Bedrock is the venture capital affiliate of Volpe Brown. IPO wannabes Mapquest CFO James Thomas said the mobile market is the real growth area for his company. Currently the company serves up 5 million maps a day, up from half a million at the end of 1996. In two to three years Mapquest (MQST: news, msgs) hopes to derive 40 to 50 percent of their sales from business subscriptions up from 20 to 25 percent currently. One-rate plans One-rate pricing plans and falling costs per minute continue to spur the popularity of wireless communication, Irwin Jacobs, chairman and CEO of Qualcomm (QCOM: news, msgs), told the conference. This November will mark the 10th anniversary of CDMA, (code division multiple access) which is becoming widely accepted technology for digital wireless phones, Jacobs told an audience at the Volpe Brown Whelan Internet and Communications conference in San Francisco. Jacobs said new wireless technologies will speed web browsing and e-mail to and from hand-held devices, but companies will have to make sure the devices remain compatible with older systems. Mobil communications has been the strongest performing industry sector so far this year, up 113 percent according to BigCharts. Qualcomm shares fell 2 1/4 to 191 1/16 in recent trading. Also see renegades. CBS MarketWatch Internet Stocks Editor Babmi Francisco and reporter Cecily Fraser filed this report.

To: JGoren who wrote (1966)	9/28/1999 7:54:00 PM
From: engineer	Read Replies (3) \| Respond to of 13582

It that authorized for splitting shares or authorized for selling more shares outright? One is ok, the other is not. We would hope that these are shares to be split....