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

To: y2kate who wrote (75727)	7/7/2000 5:07:13 PM
From: William Hunt	Respond to of 152472

No Official Word On Korea's 3G CDMA Choice,Companies Say By JOHNATHAN BURNS NEW YORK -- South Korea's largest mobile phone service providers have not yet announced a decision on their choice of third-generation wireless technology, officials with Nokia Corp. (NOK) and Ericsson Telephone Co. (ERICY) said Friday. Reports that Korea's SK Telecom Co. (SKM), Korea Telecom Corp. (KTC) and LG Telecom Co. have chosen a next-generation wireless technology jointly developed by Nokia, Ericsson and Japan's NTT DoCoMo Inc. (J.NTX) - instead of competing technology by Qualcomm Inc. (QCOM) - sent shares of Qualcomm down as much as 10% in heavy trading. Korea is seen as a must-have battleground by many for Qualcomm's next-generation code division multiple access technology, which has been adopted by the U.S.'s largest carrier, Verizon Wireless, a unit of Verizon Communications (VZ). Though decisions are expected soon, Nokia and Ericsson officials said they have received no announcements other than unconfirmed press accounts. "Certainly, we haven't seen any official decisions," said Megan Matthews, Nokia spokeswoman. Ericsson officials in Stockholm made a similar statement. Currently, the three Korean companies are debating whether to overlay their current CDMA networks with Qualcomm's CDMA-2000 technology or use the competing wideband CDMA (WCDMA) technology. WCDMA has evolved from the global standard for mobile telecommunications (GSM) networks, conceived and first deployed in Europe. Reports in The Korean Times indicate market-leading service provider SK Telecom is leaning toward WCDMA, while Korea Telecom is seen sticking with Qualcomm's technology, either through choice or by government suggestion. Korea Telecom is majority-owned by the Korean government, and the nation's leading handset makers have developed equipment based on the CDMA-2000 standard. "So far, this is all conjecture," said Ken Leon, telecommunications analyst with ABN AMRO. Matt Hoffman, analyst with Wit SoundView, said the decision in Korea will be important because the country has thus far been a big market for Qualcomm. "It would not be unusual for one of the operators to choose to do something different than the others," he said. "But if only a third (of Korea) goes to CDMA-2000, that would be a negative (for Qualcomm)." Hoffman said SK Telecom's supposed preference for WCDMA could logically be based on its relationship with NTT-DoCoMo. The Japanese phone giant is rumored to be considering an investment in the Korean company. Using the GSM-based technology would allow for easier roaming across the two networks. But many believe any proliferation of CDMA technology - even if it is not the Qualcomm-endorsed one - is good for the American company. "Qualcomm benefits the same in terms of royalties regardless of which version of mobile CDMA an operator chooses to deploy," Brian Modoff, an analyst for Deutsche Bank Alex Brown. "...we believe that independent of the choice of W-CDMA or CDMA2000, Qualcomm is the company best positioned to translate CDMA-based algorithms into silicon." Tim Luke, an analyst with Lehman Brothers, said he expects formal announcements as soon as early next week. "We would also highlight that following its success as a trusted partner in the rollout of current generation CDMA technology in Korea," Luke wrote in a note, "Qualcomm is likely to remain a core supplier for 3G and 2.5G chipsets to the major Korean manufacturers."

To: y2kate who wrote (75727)	7/7/2000 5:10:12 PM
From: marginmike	Read Replies (2) \| Respond to of 152472

Y2k I exited my shares that I had bought when I realized we had another leg down to go. I will be buying Monday AM. My first purchase of Qcom was 54 in 1998 the next day Qcom droped to 45 on aKorean warning. It was a good indication of things to come. I agree with reagen that We are finally hitting a psychological bottom. I once told Diamond that Q needed to swing to the other extreme from its Mania high. I think we are close. I think Stock will bottom in and arround earnings CC. Long term Qcom is giving you a get rich easy chance. I did it once, and I plan to do it again!