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

To: Boplicity who wrote (53416)	12/10/1999 10:47:00 AM
From: Jim Willie CB	Respond to of 152472

technicals are somewhat overbought, esp in NazComp fundamentalists constantly look for a reason based upon story or earnings or some news item they never appreciate the technicals of supply & demand overbought temporarily you could probably knock it over with feathers doesnt mean the feathers did the deed it was vulnerable I would like theQ to go no lower than yesterday volume is still low, but not puney technicals rule / Jim

To: Boplicity who wrote (53416)	12/10/1999 11:13:00 AM
From: T L Comiskey	Respond to of 152472

BellSouth Teams With KPN to Buy German Company By Richard McCaffery (TMF Gibson) Local telecommunications carrier BellSouth (NYSE: BLS) forged a partnership with European phone giant KPN Royal Dutch Telecom (NYSE: KPN) to purchase German phone company E-Plus in a deal that will significantly boost BellSouth's presence in Germany's wireless market. Under terms of the agreement, which gets pretty complicated, BellSouth will buy the 77% stake in E-Plus it doesn't already own with a $9.4 billion loan from KPN. The loan will then be converted into shares of a holding company that will control and manage E-Plus. BellSouth and KPN will share the control. Shares of France Telecom (NYSE: FTE) took a beating after the announcement since it had agreed to buy a stake in E-Plus before BellSouth stepped in and exercised its right of refusal, Bloomberg reported. Meanwhile, BellSouth's initial $150 million investment in E-Plus, which gave it a 22% stake in the company and right of first refusal to buy additional shares, has a current value of $2.4 billion. As stated by F. Duane Ackerman, Bell's chairman and chief executive, that investment "has now been turned into a $7.8 billion asset." E-Plus has 3.5 million customers and is the third-largest mobile phone company in Germany, with 20% market share. In its press release, BellSouth said Germany is a critical component of the European telecommunications landscape mainly because of its growth potential. The country has 82 million people and a below-average wireless penetration rate of 23%, about 10 percentage points below the European average. All the telecom markets in Europe are hot right now, and, as a result, many U.S. companies are looking to establish a presence as deregulation has spurred consolidation in the industry. In October, for example, Internet and telecommunications provider Global Crossing (Nasdaq: GBLX) agreed to acquire the telecommunications business of Racal Electronics for $1.65 billion. Racal operates a 7,300-kilometer fiber optic network in the United Kingdom that will expand Global Crossing's network solidly into Europe. MCI WorldCom (Nasdaq: WCOM) expects to triple the size of its European fiber optic network by the end of the year. It's being built in the United Kingdom, France, Belgium, and Germany. BellSouth said it will continue to seek ways to expand its wireless presence in Europe through its partnership with KPN. So far, BellSouth serves more than 10 million wireless customers throughout the world and has operations in 20 countries.