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

To: marginmike who wrote (72771)	5/30/2000 10:10:00 AM
From: 2brasil	Respond to of 152472

ot-NTT DoCoMo said to raise Y1 tlrn for acquisitions (UPDATE: Recasts with analysts comments and backgrounds) Yuka Obayashi TOKYO, May 30 (Reuters) - NTT DoCoMo Inc , the world's second-largest cellular phone company, plans to raise one trillion yen ($9.4 billion) by selling new shares to buy stakes in foreign mobile phone companies, according to Japanese news reports. NTT DoCoMo is in final talks with VoiceStream Wireless Corp (NasdaqNM:VSTR - news) about buying a 15-20 percent stake in the U.S. cellular phone company for 400-500 billion yen, local media reports said. The day before the local media reported NTT DoCoMo was negotiating with SK Telecom to buy a 10-20 percent stake in South Korea's largest mobile telecom firm for 500 billion yen. NTT DoCoMo issued a statement saying no decision on any new investments in foreign telecom operators had been made. But it added it would consider raising money through borrowing or issuing bonds or new shares to finance future investments. ``We are mulling possible capital alliances with a wide range of Asia, U.S. and European operators, but we have decided nothing concrete for now beyond (Dutch carrier) KPN Mobile,'' it said. Earlier this month NTT DoCoMo, Japan's largest company by market value, announced it is buying a 15 percent stake in Dutch carrier KPN Mobile for five billion euros. DOCOMO SPEEDS UP OVERSEAS EXPANSION The Japanese mobile phone giant wants to make its W-CDMA mobile phone platform the de facto global standard for next-generation mobile phones. To do so, it is seeking to expand use of its high-speed cellphone technology ahead of its launch in May 2001 by forging equity links to mobile phone companies worldwide. NTT DoCoMo acquired a seven percent stake in Tele Sudeste Celular Participacoes SA, a Brazilian cellular carrier, in September 1998, and a 19 percent stake in Hong Kong's Hutchison Telephone Co Ltd in December 1999. Stakes in the U.S. and Korean cellphone companies would extend NTT DoCoMo's influence into other major markets, analysts said. ``The ongoing deals will give DoCoMo solid bases for Europe, the U.S.A. and Asia to help it establish a global service network,'' said Shinji Moriyuki, an analyst at Daiwa Institute of Research. ``They will also boost the international presence of Docomo which lagged behind its rival Vodafone AirTouch Plc,'' the world's largest mobile phone company. NTT DoCoMo had been seen as a likely bidder for Britain's third-biggest mobile phone group Orange Plc, which France Telecom just announced plans to buy for 25.1 billion pounds. Now analysts say NTT DoCoMo is likely to work closely with Canada's Telesystem International Wireless Inc (TIW) (NasdaqNM:TIWI - news), which owns a UK mobile joint venture with Hong Kong's Hutchison Whampoa, Docomo's partner. SHARE SLIDES Concern that such rapid expansion funded through issuing new shares would depress the value of its stock caused Docomo's shares to fall 5.26 percent to 2.70 million yen on Tuesday, following a 4 percent decline on Monday. Analysts said the strategy may benefit the company in the long term, but its share price would suffer at first. ``The reported VoiceStream deal looks too expensive for DoCoMo, but the SK Telecom deal sounds reasonable,'' said Kate Lye, an analyst at UBS Warburg in Tokyo. ``The timing for equity finance is not right either for a telecom operator, given an over-supply situation with Deutsche Telekom's third tranche offering next month.'' Such a large new share issue would have to be approved by Nippon Telegraph and Telephone Corp , the former state-run telecoms monopoly which owns 67.1 percent of NTT DoCoMo. (US$1 equals 106.88 yen)

To: marginmike who wrote (72771)	5/30/2000 10:51:00 AM
From: waverider	Read Replies (1) \| Respond to of 152472

Mike, please understand... I am fully aware of the news and the current effect on stock price. I am not concerned with either. I bought QCOM with the anticipation of holding for 10 years unless the story changes. It hasn't changed. Look at what I have written over the years here. I poke fun at price movement chatter (from the Moonies to jvegas)...all the same in my book. I am interested in the business, not short term market moves, ok? Good Luck, <H>

To: marginmike who wrote (72771)	5/30/2000 11:11:00 AM
From: JohnG	Respond to of 152472

China Thoughts. At this point I conclude that until China has: 1) Finalized WTO Status 3) Compoetrd Unicom IPO both China and Unicom will continue to give the appearance of being all things to all people. Afterward they will do what is best for China and Unicom in the long run. This clearly means: 1)Going to some form of 3G, at least in the cities 2)Buying something from the USA--the US need not prop up these huge trade differentials forever 3) Continuing to play US and Europ off against each other. 4) Moving to develop a Chinese domestic telecom industry JohnG

To: marginmike who wrote (72771)	5/30/2000 11:12:00 AM
From: Boplicity	Read Replies (1) \| Respond to of 152472

re: Priced in More like priced out already. I believe investors and sideline money will be surprised by the lacking of real selling of QCOM. greg

To: marginmike who wrote (72771)	5/30/2000 11:45:00 AM
From: Keith Feral	Respond to of 152472

Mike: The bankers for the Unicom do not want them in front of their clients talking CDMA until the smoke has cleared. If you take a look at Luke's comments, he keep's emphasizing that Unicom's position is to wait for further development of CDMA2000 until they take a closer look to compare it to WCDMA. The Chinese have every reason to drag their feet right now. It gives them another 6 months to a year to get their manufacturing licenses for their domestic co's to get 3G licenses from the Q.