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

To: Ruffian who wrote (72941)	5/31/2000 8:59:00 PM
From: Don Edgerton	Respond to of 152472

Anyone know what technology VOD will use with its new U.K. licenses? QCOM is getting cheaper and cheaper for a takeover attempt. Why would NOK and ERICY be playing in Korea. Isn't Samsung quite capable of supplying infrastructure to the home market - as well as Handsets.

To: Ruffian who wrote (72941)	6/1/2000 1:04:00 AM
From: A.L. Reagan	Read Replies (1) \| Respond to of 152472

Ruff, Q sure has a demonstrated expertise in the RF modulations and all that good stuff. From what I hear a lot stronger in hardware than software. Who do you think makes all the GSM chips sold every year? As I understand it (poorly) the protocol stack on that mother ain't child's play either. In addition to the GSM crowd, hanging around for a playing field a bit more level than the MC one, we have Intel, LSI, and various TI ventures/joint developments with our Nordic friends. Problem with the DS mode, is that QCOM was frozen out of the back channel of the DS standards process - so it now has to design to specs concocted by its foes. Clearly, some of the specs are known about by the DS crowd well in advance of them ever being officially adopted and published. Lastly, at least for now, unlike national carrier deals, the real details of chip design progress are carefully guarded state secrets by all companies involved. This is the realm of ultra-high industrial security. All we can do is speculate by looking at core competencies, apparent resource deployments, and who may or may not have a head start in certain areas. Part of the problem with the stock price is that way too many people became infatuated with the idea that "Qualcomm is God" (apologies to Eric Clapton) and while it's a mighty fine company, with great technology, God it ain't. Apparently the revelation of such was an awfully big blow for many individuals and institutions. Let's start calling a spade a spade, cut out the fantasy quotient, and we may have fewer of these gut-wrenching stock price collapses in the long run.

To: Ruffian who wrote (72941)	6/1/2000 1:05:00 AM
From: LBstocks	Respond to of 152472

Hutchison wins key telecom foothold in China US$400m deal to buy shares in China Unicom's pending initial public offer HUTCHISON Whampoa Ltd yesterday won a key foothold in China's rapidly expanding telecommunications sector with a deal to buy US$400 million (S$693.6 million) worth of shares in China Unicom Ltd's pending initial public offer. Connected: deal paves the way for telecom joint ventures on the mainland between Hutchison and Unicom's parent, China United Telecoms Corp -------------------------------------------------------------------------------- The deal also includes a broad cooperation framework between Hutchison and Unicom's parent, China United Telecommunications Corp, that paves the way for various mainland telecom joint ventures between the two companies. "In particular, Hutchison and China United Telecom have also undertaken to form a technical support and consultancy co-operative joint venture in China," they said in a statement. "The scope of the co-operative joint venture business will be nationwide, providing telecom-related consultancy and training in areas of network planning, design and optimisation, operation maintenance, marketing and sales and customer services." The alliance with China's number two telecom provider marks the latest step in Hongkong tycoon Li Ka-shing's efforts to build a global telecommunications empire. Hutchison, his main international investment vehicle, owns a 23 per cent stake in US-based VoiceStream Wireless Corp and has recently launched a drive to acquire third-generation mobile telecom licences across Europe. The China deal stakes out strategic new territory for the Hongkong conglomerate ahead of foreign rivals as China prepares for World Trade Organization entry and telecom liberalisation. "This deal is a stepping stone in China for Hutchison," said Dennis Leung, research manager at J&A Securities, adding that it would not have an immediate effect on Hutchison's earnings. "We are very excited to be given the opportunity to invest in China Unicom Ltd. Access to the mainland market also extends our telecommunications footprint to cover most of the major markets in the world," a Hutchison spokesman said. Hutchison shares got a late kick from the news yesterday and finished up HK$7.25 or 8.76 per cent at HK$90, after hitting an intraday high of HK$91.50. The shares outperformed the blue chip Hang Seng Index, which rose 5.17 per cent to close at 14,713.86 points. Under the Unicom share deal, Hutchison will subscribe for US$400 million shares issued in the group's pending initial public offering in June. Unicom is expected to issue 2.459 billion shares at HK$11.50-HK$14.50 each in a flotation worth up to US$5.26 billion if overallotment options are exercised. At the HK$13 mid-point of the pricing range, the offer would be worth US$4.1 billion excluding the allotment option. Hutchison's stake at that amount would account for about 10 per cent of the offer shares and about 2 per cent of Unicom's total share capital. Dealing in the shares is expected to start in New York on June 21 and in Hongkong on June 22. Cash-rich Hutchison could offer financial muscle and technical expertise to help China United Telecommunications develop US CDMA mobile phone technology, said Stanley Ng, research manager at Mansion House Research. "China's market is vast and Chinese companies will need foreign investment to back them up and Hutchison has the money," he added. -- Reuters business-times.asia1.com.sg