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

To: Ruffian who wrote (10873)	5/27/2000 12:46:00 PM
From: SKIP PAUL	Respond to of 13582

QCOM's strategy is that 3G is here today and it is 1X/HDR. it already does what WCDMA cannot do and coming much later. I think it is a very potent message and difficult to ignore whether it be in China or Europe. They just have to hammer this home with every carrier just as they did to DDI. SAN DIEGO--(BUSINESS WIRE)--May 26, 2000--Dr. Irwin Mark Jacobs, chairman and chief executive officer of QUALCOMM Incorporated (Nasdaq: QCOM), issued the following statement noting the favorable U.S. House of Representatives vote in support of Permanent Normal Trade Relations (PNTR) with China. "QUALCOMM is very pleased by the House vote in favor of PNTR with China and the positive prospects for China's entry into the World Trade Organization (WTO). PNTR approval is key to expanding United States exports to China." "PNTR is particularly beneficial to QUALCOMM, reducing the prior uncertainty of Chinese government support for a major increase in the use of Code Division Multiple Access (CDMA) technology by China Unicom and possibly others. China has a rapidly expanding need for voice communications and Internet access, both of which are well met by CDMA now and into the indefinite future. Much of the Chinese expansion can now take advantage of the world's first commercial third-generation technology, 1x Multi-Carrier (1xMC), with its order of magnitude advantage over existing non-CDMA technologies in supporting a large subscriber base per base station. Such efficiency is particularly important in the limited radio spectrum available in China's major cities." "QUALCOMM is now supplying 1xMC third-generation chips and software to licensed CDMA infrastructure and subscriber manufacturers worldwide. The Company expects initial deployments of 1xMC networks to begin before the end of this year, and commercial operations by all cdmaOne(TM) operators worldwide during 2001. QUALCOMM is also working with Chinese manufacturers to position them for early entry into infrastructure and handset manufacture of this most advanced technology." "CDMA systems currently operating in China have been supplied by Korean and U.S. manufacturers. Chinese officials and operators have been closely monitoring the successful performance of the rapidly expanding cdmaOne systems in Korea and Japan as well as the United States. Chinese operators are also interested in trials in Korea and Japan of 1xHDR, which supports up to 2.4 Mbps Internet access, both mobile and fixed, while sharing the same base stations as 1xMC, thus minimizing cost. Other third-generation CDMA systems using wider bandwidths than CDMA 1xMC, such as WCDMA/UMTS, although coming to market later and fully supported by QUALCOMM, do not achieve this performance."