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

To: LBstocks who wrote (67750)	2/23/2000 6:59:00 PM
From: Ruffian	Read Replies (3) \| Respond to of 152472

Qualcomm CEO Says China Pact May Spur Significant Growth LAGUNA NIGUEL, Calif. -- An agreement signed last week in China could spur significant growth for Qualcomm Corp. (QCOM) assuming the agreement holds, Chairman and Chief Executive Irwin Jacobs said. China Unicom, the No. 2 wireless communications company in China, negotiated the framework agreement on behalf of the Chinese government and Chinese manufacturers. The agreement covers such items as royalty rates, what technologies the Chinese have access to, and support levels. China Unicom has the potential to add 10 million subscribers this year, but that's an ambitious goal, Jacobs said. The real impact will come in 2001, "if things go smoothly and well," he said. Qualcomm must now sign separate agreements with each manufacturer in China. Manufacturers are "willing and able" to begin work, but the government could yet put up roadblocks, Jacobs said. There are political issues, privacy issues and economic issues that could arise, he said. "If all goes well [the rollout] will begin this year and grow rapidly next year," Jacobs said. There are about 50 million wireless subscribers using Qualcomm's technology. The company's overall growth is beginning to slow, Jacobs said. That trend will continue with or without China, he said. Qualcomm, San Diego, is readying a new technology called high-data-rate, or HDR, that will make it easy for multimedia content to be passed through wireless signals. The biggest obstacle to the adoption of HDR is coaxing investments in the new technology from network operators, Jacobs said. Jacobs was speaking at an investment conference sponsored by Roth Capital Partners Inc. -Anthony Palazzo; Dow Jones Newswires; 323-658-3776 Briefing Book for: QCOM